How to choose Blockchain flavour for your use case?

How to choose Blockchain flavour for your use case?

How to choose Blockchain flavour for your use case?

Welcome to the latest blockchain technology. The world’s best platform for secure sharing of information you a business owner? Looking for the right blockchain platforms to manage your transaction confidentiality over the web. The perfect answer is blockchain. There are many types of blockchain platforms such as IOTA, Quorum, Hyperlegder, Ethereum, Corda, Ripple, IBM blockchain.  In this article, we are going to discuss Hyperledger and Ethereum in detail. Both these blockchain techniques have many recent innovations in the global market. Business owners can select the blockchain platforms, according to their type of business. Image Credit- Freepik

In this article we will guide about the features and difference between their unique structures and many features, that can be remodeled according to your business type. So let’s start the comparison of  Hyperledger Fabric and Ethereum.

Both Hyperledger Fabric and Ethereum are open source platforms where Ethereum is a public and decentralized platform which is a public blockchain used for distributed applications where each user accesses the same copy of the network. But Hyperledger is a permissioned private platform with high efficiency which is suited for a wide range of industries.

Anyone can access, edit, and uses the Ethereum platform without any permission but there is a strict control to access the Hyperledger network. Authorities with proper permission can access the  Hyperledger fabric. So the Confidentiality is higher in Hyperledger compared to Ethereum.

Hyperledger uses chain code ( Java or Golang) as the programming language for smart contracts. It is governed by the Linux Foundation. Where Ethereum uses a high-level language known as solidity as the programming language governed by Ethereum developers. The throughput of Hyperledger is >2000tps but for Ethereum it is only 20tps.

The cryptocurrency used in Ethereum is Ether (token) which is an inbuilt one. There are many custom rules in managing the tokens when the transaction is made from one account to another. The token must be sent from the person who manages the account (first account) and it must be received by the accounts run by smart contracts (second account). The smart contracts in the second account update the Ethereum ledger to perform the transaction process. Where Hyperledger does not use any cryptocurrency.

My suggestion is good to choose the right blockchain platforms according to your business use case. For public blockchain, Ethereum can be chosen if you want onchain data or you can also go with Binanance Smart Chain and many more are there in the market. For handling large businesses such as big organizations, hyperledger is the best option. This is purely based on my opinion and you can ensure your desired one based on your needs.

PS: Image credits www.unsplash.com

What's Your Reaction?

like
2
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0