Hyperledger is an open-source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and technology.
The Hyperledger Project was announced in December 2015. The name “Hyperledger” was chosen to reflect the fact that the technology is not owned or controlled by any one company or individual.
The project’s goal is to create common distributed ledger frameworks that can be used across industries.
Hyperledger Fabric is one of the Hyperledger projects hosted by The Linux Foundation. Fabric is a permissioned blockchain infrastructure, originally contributed by IBM and Digital Asset.
NOTE: No, Hyperledger is not a Fabric Ethereum. Hyperledger is an umbrella project of open source blockchains and related tools developed by the Linux Foundation. It is not a blockchain platform in itself but instead provides a framework for developing blockchain applications, protocols and hardware systems for business use. Ethereum is an open source, public blockchain-based distributed computing platform and operating system featuring smart contract functionality. It should also be noted that Hyperledger works with many different blockchain technologies, not just Ethereum.
It uses a modular architecture that allows components, such as consensus and membership services, to be plug-and-play. Fabric allows components to be swapped out or replaced with alternative implementations.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
While Ethereum is often compared to Hyperledger Fabric, the two are actually quite different. Ethereum is a public blockchain platform that uses its own cryptocurrency, Ether, to power its smart contracts.
In contrast, Hyperledger Fabric is a private blockchain platform that does not use cryptocurrency. Instead, it uses “channels” to keep transactions private within a group of known participants.
3 Related Question Answers Found
Is Power Ledger an Ethereum? Power Ledger is a blockchain-based platform that enables peer-to-peer trading of renewable energy. The platform allows for the trading of both renewable energy credits (REC) and carbon credits.
The main difference between Hyperledger and Ethereum is that Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies while Ethereum is a decentralized platform that runs smart contracts. Both Hyperledger and Ethereum are Blockchain platforms. They are both open source and have the potential to change the way we do business.
As the world of cryptocurrency and blockchain technology continues to evolve, so too do the various platforms and protocols that power them. While there are many similarities between Ethereum and Hyperledger, there are also some key differences that set them apart. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
