Virtual Voting, Gossip About Gossip, Proof of Stake & Proxy Staking- Hashgraph Consensus Algorithm
In this video which is one of a six-part virtual workshop recording, Lead Developer Advocate, Greg Scullard, describes the gossip about gossip and virtual voting aspects which are the foundations of the Hashgraph consensus algorithm. Finally, Greg explains how the Hashgraph algorithm uses proof of stake with proxying to effect consensus in the Hedera Hashgraph public distributed ledger.
Dive into how the hashgraph distributed consensus algorithm achieves fast cryptocurrency transactions with low-latency and best-in-class security. Greg gives a technical overview of hashgraph, discussing its novel gossip about gossip protocol and virtual voting algorithm to maximize the efficiency of a directed acyclic graph (DAG).
Comment below if you have questions on gossip about gossip, virtual voting or algorithm consensus.
Timestamps for this video:
0:00 Intro
0:34 What is voting-based consensus?
2:11 What is virtual voting?
3:10 What is gossip about gossip?
10:53 Virtual voting overview
19:07 Transaction ordering
22:54 Proof of Stake with proxy staking
25:38 Hashgraph Consensus Algorithm Recap
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