November 9, 2022
When most individuals speak about Web3 or cryptocurrencies and associated applied sciences, they normally imply blockchains. However blockchain is barely the primary technology of distributed ledger expertise (DLT). As with every new expertise, as soon as folks see the way it works, new generations come alongside quickly to deal with the faults within the earlier ones. On this sponsored episode…
When most individuals speak about Web3 or cryptocurrencies and associated applied sciences, they normally imply blockchains. However blockchain is barely the primary technology of distributed ledger expertise (DLT). As with every new expertise, as soon as folks see the way it works, new generations come alongside quickly to deal with the faults within the earlier ones.
On this sponsored episode of the podcast, Ben and Ryan chat with Matt Woodward, head of developer relations at Swirlds Labs. Swirlds Labs created the Hedera ecosystem, a DLT constructed on a hashgraph, not a blockchain. We chat about what the distinction is between a blockchain and a hashgraph, Hedera’s give attention to environmental sustainability, and why the Web3 model of “Hey, World!” takes slightly extra effort.
Present notes
Hedera’s hashgraph is a third-generation DLT: it’s an open-source consensus algorithm and an information construction that makes use of a direct acyclic graph and two novel innovations, the gossip about gossip protocol and digital voting.
The place Bitcoin can solely deal with between three and 7 transactions per second, a hashgraph can assist upwards of 10,000.
There’s been plenty of discuss in regards to the environmental influence of cryptocurrencies. Woodward says {that a} single Bitcoin transaction makes use of 1000kW-hours—the equal of driving a Tesla Mannequin S 5,500 km—whereas Hedera makes use of 160 MW-hours of vitality per 12 months, about 2.5 million instances much less.
Congrats to the winner of a Stellar Query badge, g.revolution, for his or her query What’s an anti-pattern? 100 customers saved it for later.
Discover out extra about Hedera and hit the begin button. Join with Matt, Ben, or Ryan on Twitter.
Tags: blockchain, hedera, associate content material, partnercontent, the stack overflow podcast, web3
