Assets, Ethereum

What Is Ethereum Quorum?

Ethereum Quorum is a permissioned version of the Ethereum blockchain, developed by J.P.

Morgan in conjunction with the Ethereum Enterprise Alliance. It is based on the GoQuorum fork of the Go Ethereum client.

Quorum is a fork of the Go Ethereum client with several key changes. The first is that Quorum uses a voting-based consensus algorithm called QuorumChain, which allows for faster transaction finality than the proof-of-work algorithm used by Ethereum.

Secondly, Quorum supports private transactions and private contract execution through the use of permissioned nodes. Finally, Quorum includes a number of features aimed at enterprise users, such as support for multiple consensus algorithms and advanced permissioning controls.

The key difference between Ethereum and Quorum is that Quorum is designed for enterprise use cases where privacy and performance are paramount. As such, it is not intended to be a replacement for Ethereum, but rather a complementary platform that can be used for specific applications where Ethereum’s public nature is not ideal.

So what is Ethereum Quorum? In short, it’s a permissioned version of Ethereum that’s been optimized for enterprise use cases. If you’re looking for a blockchain platform that can offer high performance and privacy, then Quorum may be worth considering.

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