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Hashgraph.jpg

Bitcoin blockchain blocks, agents, motes, bots, web crawlers, heartbeat, beacon are all metaphors for intervals, time cycles available to process / not process SYNTAX.  The internet is coded, programmed using time cycles available to process instructions, commands etc. It follows that the key to achieving consistency, interoperability across diverse technologies and establishing a consistent, systemic one world economic system of systems is to focus on the two main common building blocks -- time cycles and syntax. 

Hashgraph: Abstract. A new system, the Swirlds hashgraph consensus algorithm, is proposed for replicated state machines with guaranteed Byzantine fault tolerance. It achieves fairness, in the sense that it is difficult for an attacker to manipulate which of two transactions will be chosen to be first in the consensus order. It has complete asynchrony, no leaders, no round robin, no proof-ofwork, eventual consensus with probability one, and high speed in the absence of faults. It is based on a gossip protocol, in which the participants don’t just gossip about transactions. They gossip about gossip. They jointly build a hashgraph reflecting all of the gossip events. This allows Byzantine agreement to be achieved through virtual voting. Alice does not send Bob a vote overthe Internet. Instead, Bob calculates what vote Alice would have sent, basedon his knowledge of what Alice knows. This yields fair Byzantine agreement on a total order for all transactions, with very littlecommunication overheadbeyond the transactions themselves. Hashgraph is event based and involves calculating consensus based on activity snapshots in a given moment in time (HBC)

SOURCE:  THE SWIRLDS HASHGRAPH CONSENSUS ALGORITHM: FAIR, FAST, BYZANTINE FAULT TOLERANCE
LEEMON BAIRD
BAIRD@SWIRLDS.COM
MAY 31, 2016
SWIRLDS TECH REPORT SWIRLDS-TR-2016-01

Keywords: Byzantine, Byzantine agreement, Byzantine fault tolerance, replicatedstate machine, fair, fairness, hashgraph, gossip about gossip, virtual voting, Swirlds