HYPERLEDGER VS ETHEREUM: A DUBIOUS CHOICE

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Hyperledger Vs Ethereum A Dubious Choice

• The year 2018 is just a few months away from
  coming to an end. It has been a year popular for
  things like matcha to sriracha and all things
  sparkly, and of course Blockchain. The concept of
  blockchain technology has taken over every little
  space of our lives in some way or the other.

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• Hence, the rise in demand for Blockchain
  qualified professionals is also increasing
  steadily. This means that there is a surge in
  certifications in the blockchain space but the
  confusion whether one should get qualified in
  Hyperledger or Ethereum lingers on. Hyperledger
  and Ethereum are two of the leading platforms of
  the blockchain. Though both are platforms of the
  blockchain, theyre significantly different in
  their use cases and applications.
• To understand the differences between these two
  platforms we need to look at their definitions
  and what they imply.

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What is Hyperledger?

• Hyperledger is an open source development project
  to benefit an ecosystem of Hyperledger based
  solution providers and users. It is focused on
  blockchain related use cases that work under a
  variety of industrial sectors. It is an open
  source banner project hosted by the Linux
  Foundation.

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• It has multiple frameworks under it.
• Hyperledger Fabric
• Hyperledger Sawtooth
• Hyperledger Iroha
• Hyperledger Indy
• Hyperledger Burrow
• Hyperledger Fabric was initially contributed by
  Digital Asset and IBM. It uses Go or Java as a
  programming language, and consensus can be
  reached in a variety of ways.

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What is Ethereum?

• Ethereum is an open source platform that allows
  developers to build and deploy decentralized
  applications using smart contracts which are
  programmed in the Solidity language. It is a
  public blockchain network with its own built-in
  cryptocurrency called Ether. Ethereums public
  nature makes it a natural fit for developers.

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Hyperledger vs Ethereum

• The most crucial difference between Hyperledger
  and Ethereum is the way they are designed and
  their target audience. Ethereum is targeted
  towards applications that are distributed in
  nature with EVM, smart contract and a public
  blockchain. On the other hand, Hyperledger
  targets businesses wanting to improvise their
  process with the aid of blockchain technology. It
  has a very modular architecture and provides a
  lot of flexibility concerning the components you
  want to integrate or not.

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Points of Difference Hyperledger Ethereum
Purpose A private network where read/write access depends on permission. A public network where all the peers have the read/write access.
Confidentiality It has scope for private transactions and limited accessibility with encryption keys. It is transparent with each transaction visible to all the peers.
Consensus Mechanism It does not have mining. Instead, there is a Pluggable Consensus Algorithm called the Practical Byzantine Fault Tolerance (PBFT). It establishes the consensus mechanism through mining based on the Proof of Work(PoW) algorithm.
Programming Language Chaincodes are written in Golang. Smart Contracts are usually written in Solidity.
Tokens One can create custom tokens via chaincode. One can create custom tokens via Coin API.
Transaction Cost There are no transaction fees to be paid. A transaction fee must be paid using the gas approach.
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• As you can see, the two platforms are not only
  different in their purpose but also in consensus
  mechanism. In Ethereum all the nodes (network
  participants) are required to reach consensus
  over all the transactions. For this purpose, the
  mining is based on Proof of Work (PoW.) Whereas
  Hyperledger allows nodes to choose between No-op,
  i.e. no consensus is required instead there is an
  agreement protocol called Practical Byzantine
  Fault Tolerance (PBFT) where two or more parties
  can agree on a key in such a way that both
  influence the outcome. This way Hyperledger
  provides greater scalability and privacy.

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• Moreover, the programming language for both of
  them is different as well. While Hyperledger
  chaincodes are written in the Golang (which was
  developed by Google), smart contracts are written
  in Solidity.
• Currently, Ethereum is a more mature platform,
  functioning since July 2015. Hyperledger, on the
  other hand, was launched in July 2017, yet it has
  picked up its areas of business quite quickly.
  Both of them serve a different purpose hence one
  should think through before getting a
  certification. Industries looking for Blockchain
  solutions also have to examine carefully as to
  which platform suits their needs.

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Expertv2
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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