When it comes to enterprise blockchain technology, two platforms in particular stand out: Hyperledger and Ethereum. Both have their own unique features and benefits, but what exactly is the difference between the two?
For starters, Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is hosted by The Linux Foundation and features a number of big-name backers, including IBM, Intel, and J.P.
Morgan. Ethereum, on the other hand, is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
So, what are the key differences between Hyperledger and Ethereum?
Hyperledger is a permissioned blockchain platform, meaning that only authorized users can access it. Ethereum, on the other hand, is a public blockchain platform that anyone can access and use.
Hyperledger is designed for enterprise use cases, while Ethereum is suitable for a wider range of use cases including smart contracts, decentralized applications (dApps), and Initial Coin Offerings (ICOs).
Hyperledger offers a number of different frameworks to choose from depending on your needs (e.g., Hyperledger Fabric or Hyperledger Iroha), while Ethereum has just one main framework (Ethereum Virtual Machine).
Hyperledger transactions are private and confidential, while Ethereum transactions are public and transparent.
So, what is the difference between Hyperledger and Ethereum? In short, Hyperledger is a permissioned blockchain platform designed for enterprise use cases while Ethereum is a public blockchain platform that supports smart contracts and dApps.