Hyperledger and Ethereum are the two most prominent and widely-used open-source blockchain platforms today. They each have their unique real-world applications and help solve a wide range of complex industry-level problems.This article intends to shed some light on the differences between Ethereum and Hyperledger in terms of operations, consensus, use cases, and more.
What is Ethereum?
Ethereum is basically an open-sourced platform. This platform is mainly used for decentralized applications. enabled by blockchain, Ethereum has wide applications in securing digital agreements and ownership transactions.Ethereum also stands as the second largest stake in the cryptocurrency world, just behind Bitcoin.The Ethereum blockchain has an Ethereum Virtual machine which can be categorized as a canonical state of the computer. Every node on the network agrees with this single machine, maintaining a copy of its state as this is a public and decentralized platform. This means that, in every Ethereum transaction, if a new block is added, it immediately is also added to the global copy of the network as well.
What is Hyperledger?
Hyperledger, on the other hand, is a collaborative technology that is open-sourced and can be used to create, develop and distribute ledger frameworks that will aid in the acceleration of cross-industry blockchain technology development for enterprises.
Ethereum vs Hyperledger: Top 8 Differences
Hyperledger and Ethereum: When to use what?
The above section might have cleared up the major differences between Hyperledger and Ethereum. Now we can move on to the major applications and uses of these two.Ethereum:If one is planning on creating an app with the intention of public use, Ethereum is to be your first choice as it allows anyone to join the network.Ethereum is also a great option if you are planning for an open source application with short or no demand for confidentiality.Hyperledger:Private data of an institution shouldn't be available in the public domain. Keeping this in mind, for the development of private applications requiring blockchain technology, hyperledger is your best bet.If a business is looking to define its blockchain algorithms, hyperledger is the way to go. This is owing to the modifiable nature of the underlying blockchain infrastructure. This flexibility also allows for more scalability for your business.