Quorum is a permissioned blockchain platform that is built on the Ethereum blockchain. Quorum is designed to be used by enterprises for applications that require high performance, security, and privacy.
Quorum is a fork of the Ethereum codebase, and it uses Ethereum’s Virtual Machine (EVM) to run smart contracts. Quorum supports all of the features of the Ethereum blockchain, including decentralized applications (dApps) and tokenization.
Quorum is developed by JPMorgan Chase, and it is based on the company’s permissioned blockchain platform, permissioned by JPMorgan Chase. Quorum was open-sourced in September 2016.
The Quorum platform is built on top of Ethereum, and it uses Ethereum’s smart contract functionality. However, Quorum has a number of enhancements that make it more suitable for enterprise use cases.
Quorum supports private transactions, which means that transaction data is not visible on the public blockchain. This feature is important for applications that require high levels of privacy, such as financial applications.
Quorum also supports what are known as “consensus mechanisms.” These mechanisms allow a group of people to come to an agreement about the state of the blockchain without needing to trust each other.
This is important for enterprise applications, where there may be multiple parties involved in a transaction.
JPMorgan Chase has been working on Quorum since 2016, and the platform was open-sourced in September 2016. JPMorgan Chase has been working with a number of partners on Quorum, including Microsoft and Intel.
In conclusion, Quorum is a permissioned blockchain platform that is built on the Ethereum blockchain.
Quorum supports private transactions and consensus mechanisms, which make it more suitable for enterprise use cases.