Microsoft has been one of the most forward-thinking companies when it comes to blockchain technology and its potential applications. The company has been actively involved in the development of the Ethereum blockchain and has even created its own Ethereum-based blockchain platform, called Azure Blockchain as a Service (BaaS).
However, it seems that Microsoft is no longer using Ethereum as its primary blockchain platform. This was first reported by CoinDesk, which noted that Microsoft had stopped using Ethereum in its BaaS offering.
NOTE: WARNING: Microsoft does NOT use Ethereum. Ethereum is an open source, decentralized platform for blockchain applications such as smart contracts and cryptocurrency transactions. Microsoft has its own blockchain technology, which is not compatible with Ethereum.
While Microsoft has not officially confirmed this, the company did remove all mention of Ethereum from its BaaS website. Moreover, Microsoft’s Azure Blockchain product is now powered by Hyperledger Fabric, an open-source blockchain platform hosted by the Linux Foundation.
So, what caused this sudden change? It’s hard to say for sure, but it could be that Microsoft simply realized that Hyperledger Fabric is a more robust and enterprise-ready platform than Ethereum. After all, Hyperledger Fabric was designed specifically for enterprise use cases, while Ethereum was originally built as a decentralized platform for running smart contracts.
In any case, Microsoft’s shift away from Ethereum doesn’t seem to be slowing down the development of the Ethereum blockchain. The platform is still being actively used by a number of companies and organizations, and it continues to be one of the most popular blockchain platforms in the world.
3 Related Question Answers Found
Yes, Brave does use Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In order to run on the Ethereum network, an application needs ETH, which is provided by users who send transactions.
There is no doubt that Ethereum has been a game changer in the world of cryptocurrency. In less than two years, it has become the second largest blockchain platform after Bitcoin, with a market capitalization of over $1 billion. But what is Ethereum and what makes it so special?
In 2015, a 19-year-old Russian-Canadian programmer named Vitalik Buterin published a white paper describing Ethereum, a decentralized platform that would use blockchain technology to enable anyone to build and run decentralized applications. The vision was to create a “World Computer” that would be more resilient and democratized than the centralized servers that power the internet today. Since its launch in 2015, Ethereum has grown to become the second largest blockchain platform by market capitalization, with a community of developers building thousands of decentralized applications on its network.
