Hedera Hashgraph is a distributed ledger technology (DLT) that uses a new type of consensus algorithm to achieve high levels of performance and security. Unlike other DLT platforms, such as blockchain, Hedera Hashgraph is based on a directed acyclic graph (DAG) data structure and uses a unique algorithm called the "gossip about gossip" protocol to reach consensus.
One of the key benefits of Hedera Hashgraph is its high transaction speed. The platform is able to process up to 10,000 transactions per second, which is significantly faster than many other DLT platforms. This makes it well-suited for applications that require fast and reliable transaction processing, such as payments and supply chain management.
Another key advantage of Hedera Hashgraph is its security. The platform uses a form of asynchronous Byzantine Fault Tolerance (aBFT) to reach consensus, which is considered to be one of the most secure forms of distributed consensus. This means that Hedera Hashgraph is resistant to attacks and can maintain the integrity of its ledger even in the face of malicious actors.
Hedera Hashgraph is also unique in its governance structure. The platform is owned and operated by the Hedera Hashgraph Council, which consists of a group of reputable organizations from various industries. This ensures that the platform is decentralized and not controlled by any single entity.