Hyperledger and Ethereum are open source, blockchain-based software platforms that have both been making waves in the world of enterprise applications. But how do you decide which one to choose? Which one should you pick in 2022? This article will explain the key differences between Hyperledger and Ethereum in simple terms, so you can make an informed decision about which platform to use based on your unique needs and goals as an entrepreneur or business owner.
What Is Hyperledger?
Hyperledger is an open-source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology. The Hyperledger Project aims to assist organizations to build robust, industry-specific applications, platforms, and hardware systems to support their business transactions by creating enterprise-grade distributed ledger frameworks and code bases.
What Is Ethereum?
Ethereum is a decentralized, open-source platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom-built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership.
Confidentiality:
Hyperledger and Ethereum, both open-source blockchains, are highly customizable, which can make them difficult to use in some situations. For example, it’s hard to implement fully private blockchain networks using these technologies. So, if your business requires a level of confidentiality that’s currently not supported by either Hyperledger or Ethereum—and you don’t want to redesign your platform—you might need to look elsewhere for an enterprise-ready blockchain solution.
Also Read: Hyperledger Fabric vs Stellar: Which is the Best Blockchain Solution?
Need For Cryptocurrency:
Cryptocurrency has grown in popularity over recent years, with numerous new business ventures springing up that are centered around these virtual currencies. It’s no surprise, then, that high demand for cryptocurrency developers has arisen.
The need for blockchain developers is even greater, as they are responsible for designing and coding different blockchains. Because of their unique features and functionalities, businesses are now opting to use blockchains over traditional database systems. Consequently, there is a growing demand for Ethereum development companies that can help companies design their own private or public blockchains.
Programming Languages:
Both Ethereum and Hyperledger are open-source blockchain platforms. The two can be used to develop applications on their respective blockchains. However, here’s what sets them apart, Ethereum is a general-purpose platform for developing decentralized applications. On Ethereum, developers can program any type of application by building smart contracts in one of many programming languages supported by Ethereum, such as Solidity and Serpent.
Hyperledger has been created specifically for developing applications on its blockchain. There is no support for writing smart contracts in any programming language other than Hyperledger Fabric. Developers can use C++, Java, and Go to build their applications on Hyperledger Fabric. It should be noted that Go isn’t an object-oriented programming language, as most other programming languages listed above are.
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