Swirlds is a software platform that has developed the hashgraph consensus algorithm: an entirely new distributed ledger technology that is much more cost-effective (no proof-of-work), 50,000 times the speed, safer (Byzantine), more efficient (no stale blocks) and mathematically fairer than the blockchain.
This is the future of the internet and decentralized technology.
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What is Blockchain Technology?
Considered the greatest technological innovation since the internet: Blockchain technology emerged in response to the collapse of several banking institutions in 2008 with the release of a whitepaper by Satoshi Nakamoto titled: “Bitcoin: A Peer-to-Peer Electronic Cash System.”
“…blockchain technology facilitates peer-to-peer transactions without any intermediary such as a bank or governing body …”
Blockchain is simply a database that is public (no one owns it), distributed (no centralized server), is continuously updated, and is secured by the art of cryptography.
This is why Jamie Dimon is freaking out. Banks will soon be obsolete.
Source/More: Blockchain Just Became Obsolete. The Future is Hashgraph | Squawker
