Hyperledger vs Ethereum
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Although the age of the internet and web networks have brought revolution and made things easier for the people but at the same time it cannot be forgotten that this revolution has raised the horror of security issues.
So, simply, the need for security is the major concern in this kind of world.
It could be said that when the need for more security was realized for the first time, maybe that was the time when the technology called "Blockchain" came into existence.
You might have heard about this technology.
Whenever someone talks about blockchain, the name of cryptocurrency automatically comes into your mind. As most of the people think that blockchain is just related to the cryptocurrency. But Blockchain is basically a technology which is used to create a cryptocurrency.
As this technology is considered to be built with security features, it is used for managing data for various organizations.
Well after a brief outlook of what actually a Blockchain is? We are moving ahead towards the disclosure few of the frameworks of Blockchain that are Hyperledger and Etherium.
Before we jump into the deep concept of what is Ethereum and hyperledger? We would like to introduce you to the two types of Blockchains.
Yes! There are two types of Blockchains:
Public Blockchains
Private/Permissioned Blockchains
Public Blockchains
The Blockchain that is famous among the people or it could be said that of which the people most aware of is basically a public Blockchain. Bitcoin and Etherium could be considered good examples of public Blockchains.
Do you know why they are called public Blockchains? The reason behind its being called this is that they are having an open ecosystem and in an open ecosystem anyone can take part happily
You must be required to know the biggest advantage of public blockchains.
Yes, they are able to disrupt our day-to-day activities.
Moreover, it is necessary to know how amazing decentralized applications or DApps may be. This topic is still very powerful and it would be going to be very powerful in the future.
Private/Permissioned Chains
Unlike public Blockchain, the case of Private Blockchain is like that it is not open for everyone.
And the reason behind its being called permission chains is that people aim to participate in a private chain are required to gain permission.
This may be the reason which may create restrictions for the people who want to take part in that particular chain.
The existing participants who are taking part in the ecosystem.
A regulated authority.
A consortium.
These permissions are particularly customized to fulfill the demands of the enterprise. There are a lot of features provided by these permission chains.
Now, let's begin studying about the platforms: Ethereum and Hyperledger which are known with the big term that is Blockchain. Have a look:
What is Ethereum?
So, after telling about the private and public Blockchains, we would like to tell you that Ethereum is a public Blockchain network where everybody can participate and can build decentralized apps by using Smart Contract functionality.
Ethereum was developed as an extension to the basic concept of the blockchain. This extension was basically developed by Vitalik Buterin. In order to support applications beyond currency issuance, Bitcoin's protocols were improvised by him.
One of the greatest benefits of this is that you can write, deploy smart contracts efficiently. You know, with the help of this, Ethereum developers can get an opportunity to write programs in order to build decentralized organizations.
As it is already told that Ethereum is a public blockchain, so it allows everyone to get connected with it and manage the present state of the network.
This is the reason that Ethereum is globally known as the "World Computer".
What is Hyperledger?
According to Brian Behlendorf Stat, " Hyperledger is an open source development project to benefit an ecosystem of Hyperledger based solution providers and users. It is focused on blockchain related use cases that will work under a variety of industrial sectors."
Various frameworks of Hyperledger are stated below:
Hyperledger Fabric
Hyperledger Sawtooth
Hyperledger Iroha
Hyperledger Indy
Hyperledger Burrow
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And keeping on consideration this, it could be said that the applications that are running based on these priorities should be personaliz as a Sr. Technology Consultant. I possess in-depth knowledge of web, mobile app development & blockchain through the latest technologies, and helps the clients of his company to choose the best technology as per their needs.
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