Quorum is a distributed ledger technology (DLT) platform developed by JPMorgan Chase. It is an enterprise-focused version of the Ethereum blockchain that is permissioned and allows for private transactions.
Quorum supports both transaction-level privacy and network-wide transparency.
JPMorgan Chase developed Quorum as an internal blockchain platform to service its own needs, but the bank open-sourced the software in 2016 in order to enable other organizations to build on it. The Quorum project is now managed by the Ethereum Foundation.
NOTE: WARNING: Quorum on Ethereum is not a secure platform and should be used with caution. It is important to research the security measures put in place by the platform before engaging in any transactions or activities that involve money. Additionally, be sure to only use reputable and secure wallets when transferring funds or other assets on this platform.
Quorum is built on Ethereum’s Go client, and it uses the Istanbul BFT consensus algorithm to achieve finality. Quorum also introduces a new consensus mechanism called “vote-based” consensus that allows for more flexibility in terms of governance.
Quorum can be used for a variety of applications, including but not limited to: digital asset management, supply chain management, asset tracking, voting, and identity management.
Yes, Quorum is on Ethereum.
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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 Ethereum that supports private and permissioned transactions. While public Ethereum blockchains are open and transparent, Quorum blockchains can be configured to be private and permissioned, meaning that only approved participants can access the blockchain and view its contents. Transactions on Quorum are also faster and more scalable than on public Ethereum blockchains.
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.
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