Hashgraph is increasingly popular in peer-to-peer payment options as is more secure, efficient, and faster than blockchain

Hashgraph is a forward-looking distributed ledger technology that makes use of directed acyclic graph algorithms to create an asynchronous Byzantine fault-tolerant network. The hashgraph technology has been patented, and the first official distributed ledger is Hedera Hashgraph. The primary Byzantine Fault-tolerant system is Hedera, and the second is the Hyper-Ledger. The underlying Cryptocurrency of both systems is Hashgraph.

Hashgraph has many benefits over other ledger technologies. First of all, it has significantly fewer complications than the other available Byzantine Fault Tolerance Systems. This is because it does not need to support high volume instant payments or fast confirmation times. Furthermore, there is no need for any of the heavy liftings in the payment verification code. All transactions are performed on the client-side, meaning there is no need for a web server, and the data and information are stored on the client-side, where it is safe and secure.

Another major advantage of Hashgraph over most other distributed transaction systems is that it uses a gossip system to propagate the updates to the peers instead of relying on synchronous communication channels. Most systems communicate with each other by using channels that are like an electrical network. For instance, if one part of a channel goes bad, every other part must know about it so that they can transfer transactions on it. With hashgraph, the changes are made across every node instantaneously, as long as there is enough bandwidth. This means that the gossip system is much more efficient than traditional systems.

Hashgraph is based on the PoCD algorithm called Compact Ledger. The main difference between Hashgraph and Compact Ledger is that the former distributes transaction details over the network, while the latter does not; this is done by compacting the ledger into one chain. The other major difference between Hashgraph and Compact Ledger is that both use their own proof-of-stake mechanism. Hashgraph uses proof-of-stake and Compact uses proof-of-compact.