The hashgraph algorithm is protected by patents. The patents are a tool designed to inhibit forking and the associated instability and loss of network effects. The absence of enterprise-grade applications running on the public networks today is partly due to the possibility of those networks splitting into competing networks and cryptocurrencies. This represents risk to anyone considering building mission critical applications on those networks. The patents will allow Hedera to make a commitment to such enterprises that we will never authorize a fork.
Articles in this section
- What are the material financial terms of the license agreement between Hedera and Swirlds?
- Can Hedera’s license to use the hashgraph technology be revoked? If so, in what situations?
- Does Hedera have an exclusive license to use the hashgraph technology?
- How much bandwidth overhead does gossip about gossip add to messages?
- Have any non-Carnegie Mellon professors or academics verified hashgraph as asynchronous Byzantine fault tolerant (ABFT)?
- Who generates the timestamp on a transaction?
- What is 'gossip about gossip and 'virtual voting'?
- Why was hashgraph invented?
- Is the hashgraph consensus algorithm patented?
- How can hashgraph deliver consensus without proof-of-work?