Hedera Hashgraph Consensus

Hashgraph is a distributed ledger design that replaces chained blocks with a record of who told whom about what, and that simple shift changes performance and fairness at the root. Nodes gossip transactions to each other and also gossip the history of those gossips, which creates a directed acyclic graph of hashes that every participant can locally store. That history lets each node reconstruct the order of events without expensive proofs or rounds of broadcast votes. Virtual voting then lets nodes deduce collective agreement from that shared history without sending additional voting messages. The result is consensus that is fast, deterministic and resilient, with throughput measured in thousands of transactions per second and finality in a few seconds rather than minutes or hours. Because the protocol gives every message a transparent timestamp and an auditable causal chain, it also offers built‑in fairness and stable ordering that suits financial rails, supply chains and real‑time systems. Architecturally it runs as a layer‑one ledger that supports programmable smart contracts and native token services, so developers can mint fungible and non‑fungible tokens compatible with common standards and combine those tokens with on‑chain logic. The network secures itself with a proof‑of‑stake model where the native coin pays fees, underpins staking, and funds network operations in a predictable way. Governance is explicit and distributed, handled by a rotating multisector council of organizations that keep protocol development open and changes transparent. Operationally this means lower and more stable fees, quick confirmations, and higher practical throughput for applications that need instant finality and fair ordering. For end users that translates into easier micropayments, scalable NFT experiences, and lightweight consensus timestamps for auditing and IoT. You can custody and manage the native coin using hardware wallets and compatible wallet apps so keys and staking remain under your control. In short, hashgraph is not a tweak of blockchain but an alternative consensus logic that prioritizes speed, fairness and deterministic finality while keeping the core promise of distributed ledgers: secure, shared truth without a single master.