Hedera Hashgraph meet ProvenDB!
Hedera Hashgraph is one of the most exciting next-generation distributed ledger technologies. Hedera supports many of the features of BlockChains such as Ethereum and Bitcoin but is based on a significantly different architecture.
In a Blockchain, data is represented as a linear sequential chain of blocks. Hedera Hashgraph is one of a family of alternative architectures in which transactions are represented by a Directed Acyclic Graph (DAG).
While consensus in a Bitcoin-stye Blockchain requires participation from a majority of miners, Hedera consensus is determined by a more limited number of dedicated consensus nodes.
The advantage of Hedera Hashgraph is speed and throughput. The Hedera network can provide consensus within a few seconds and can support tens of thousands of transactions per second. Compare this with the 15 TPS rate of Ethereum and the 3 TPS of Bitcoin, and you’ll see why Hedera Hashgraph is an attractive alternative.
ProvenDB is happy to announce first-class support for the Hedera Hashgraph network. You can now specify Hedera as the anchoring service for your proofs. For instance, in ProvenDB, we can specify HEDERA_MAINNET as the anchorType in a submitProof call:
You’ll notice in particular that proofs submitted to Hedera come back very fast. If we specify nChecks:0 as in the example above, then we can expect to see the proof confirmed within a minute:
We also have support for Hedera in the proofable API and CLI. Proofable is a new service we are launching next week that will allow you to create proofs without needing to store your data in our database services. Here’s a sneak preview of me recursively anchoring all of the files in all my git repositories to the Hedera network:
I’ve anchored almost half a million records to the Hedera network in just over 2 minutes — not bad!
Hedera Hashgraph support is available now to all ProvenDB accounts — try it out and let us know what you think!
ProvenDB uses Blockchain technology to provide the world’s first entirely trustworthy database. Immutable versions of database state are anchored to the Blockchain, delivering an unparalleled level of data integrity. ProvenDB allows developers to build high-performance applications that include cryptographic proof of data integrity and provenance without having to understand Blockchain programming complexities. Setup a free account today at ProvenDB.com.
