In the past few months, the blockchain space has seen the adoption of platforms across various industries increase. One of the most surprising cases of adoption was the partnership between Microsoft and JPMorgan to create an Ethereum based network called Quorum. Quorum provides the Ethereum functionality with enhancements to support enterprise needs. Since all the actors on the network are known entities, you no longer need to reward your “miners” with Eth Gas or utilize proof-of-work algorithms. As a result, Quorum users see a significant increase in security and speed when validating new transactions to the network.
The BlocWatch team will be speaking and exhibiting next week at the Blockchain Expo North America conference in Santa Clara (booth 715). Please stop by to visit the team to discuss ways BlocWatch can help you monitor, analyze, and secure your blockchain network.
Both Ethereum and Hyperledger Fabric are Distributed Ledger Technology (DLT) frameworks built on the blockchain concept. They differ in several important ways, however. Ethereum was designed as a public blockchain that would enable distributed computing applications; Hyperledger Fabric is a permissioned private blockchain designed for use among large enterprises and business groups. Here are their five most important differences: