Assets, Ethereum

Is Quorum Based on Ethereum?

Quorum is a permissioned blockchain platform that is based on Ethereum. It is designed to meet the needs of enterprises that require high levels of security, privacy, and performance.

Quorum is developed by JPMorgan Chase and ConsenSys.

Quorum is a fork of the Ethereum codebase and thus inherits all of Ethereum’s features and benefits. Quorum supports transaction and contract privacy through its use of public-key cryptography and zero-knowledge proofs.

NOTE: Warning: Quorum is a blockchain-based platform designed to be a secure and private alternative to the Ethereum network. It is important to note that, despite being based on Ethereum, Quorum does not offer the same level of security nor the same features as Ethereum. It is also important to understand that Quorum is designed for specific use cases and may not be suitable for all applications and use cases. Therefore, it is important to understand the differences between Quorum and Ethereum in order to make an informed decision before using either platform.

Quorum also introduces new features such as consensus mechanisms that are tailored for enterprise use cases.

Overall, Quorum is an excellent choice for enterprises that require a high degree of security and privacy. Quorum’s unique features make it well-suited for applications in finance, healthcare, supply chain, and other industries.

Previous ArticleNext Article