Hashgraph is a consensus algorithm designed to provide a more efficient and secure way of processing transactions compared to traditional blockchains. It uses a directed acyclic graph (DAG) structure, which allows multiple transactions to occur simultaneously rather than sequentially.In Hashgraph, participants communicate and share information about transactions, forming a “gossip protocol.” This means that nodes in the network spread information to one another quickly, leading to faster consensus on the order of transactions. This approach improves speed and reduces the energy consumption commonly associated with traditional mining processes.Another key characteristic of Hashgraph is its Byzantine fault tolerance, meaning it can continue to function correctly even if some nodes act maliciously or fail. This feature enhances security and reliability, making it suitable for various applications beyond just financial transactions, such as supply chain management and identity verification. Overall, Hashgraph aims to offer a more scalable and efficient alternative to existing blockchain technologies.