Is Hashgraph a Blockchain Killer? (w/ Leemon Baird) | Discoveries | Real Vision™ | Summary and Q&A

TL;DR
Hashgraph and distributed ledgers offer increased trust and transparency in various industries, including finance, through the creation of shared worlds and secure transactions.
Key Insights
- 👾 Hashgraph and distributed ledgers enable trust in various interactions and transactions, such as stock markets and online games.
- ⛓️ They can revolutionize industries beyond finance, offering secure identity verification and storage, supply chain management, and decentralized applications.
- 👾 Distributed ledgers have the potential to create shared worlds where individuals can create and share their own virtual spaces.
- 🚄 Hashgraph's consensus algorithm provides high-speed transactions and strong security guarantees.
- 🤑 They can bring cryptocurrencies with fixed money supply that can be trusted by all.
- 📒 Distributed ledgers offer transparency, fairness, and trust without reliance on centralized authorities.
- 💁 Dark pools in financial markets, operated by a few banks, can benefit from distributed ledgers in increasing trust and preventing information advantage.
Transcript
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Questions & Answers
Q: How does Hashgraph ensure trust in stock markets?
Hashgraph ensures trust in stock markets by guaranteeing the correct order of bids, preventing cheating, securing assets, and facilitating fair and transparent transactions, all without relying on a central authority.
Q: What are the potential use cases for distributed ledgers?
Apart from financial applications, distributed ledgers can be used to store identity information, enabling secure verification and revocation, and can have applications in areas like supply chain management, voting systems, and decentralized applications.
Q: How can distributed ledgers improve online gaming experiences?
Distributed ledgers can be used in real-time, massively-multiplayer online games, ensuring fairness and transparency. Every move is recorded in the ledger, and all players agree on what is happening, eliminating the need for trust in a centralized server.
Q: How does Hashgraph differentiate from other distributed ledger technologies?
Hashgraph offers high-speed transactions, fairness enforcement by the system, and eliminates the need for trust in third-party entities. Its consensus algorithm allows for quick consensus and offers strong security guarantees.
Summary & Key Takeaways
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Hashgraph is a distributed ledger technology that enables trust in interactions and transactions, such as stock markets, by ensuring the right order of bids, preventing cheating, and securing assets.
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In addition to financial applications, distributed ledgers can store identity information, allowing secure verification and revocation, such as driver's licenses.
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Hashgraph goes beyond traditional use cases, envisioning real-time stock markets, online games, and a future where everyone can create and share their own virtual worlds.
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