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Hyperledger The Community

Coming Together

History
Open Source Platform for Blockchain by Linux
foundation
Started in begining of 2016
In December 2015, the Linux Foundation
announced the creation of the project
One of the first proposals was Fabric - a
codebase combining previous work by Digital
Asset Holdings, Blockstream's libconsensus, and
IBM's OpenBlockchain

Hyperledger Project

started begining of 2016

Open for everybody

Different level of membership eg corporate,general etc

Permissioned - chains where the nodes are not


anonymous to each other but are known and permitted by
mutual consent
Three different code bases. One from IBM (Fabric), one
from Intel (Sawtooth Lake) and one from R3 (Corda)

Technical specifications

Main feature: Permissioned, Practical Byzantine Fault


Tolerance (PBFT) which is formally proven to be correct
Proof of Concept: Still to come: syndicated loans and
capital markets

Partners: IBM, Linux

# of nodes: Not defined

BlockTime: up to tens of thousands of transactions per


second
lifespan: 1 year

Hyperledger Protocol

Uses the Bitcoin UTXO transaction model


Similarly to Bitcoin, the UTXO model ensures that unspent
transactions remain uncompromised while travelling to
their destination
Ensures that Hyperledger does not have any instances of
double spending, by controlling outputs
Unlike its counterparts, Hyperledger in its current state has
no native currency.

Ethereum A Blockchain
Programming Language

History
Ethereum is a platform for decentralized
applications by Ethereum Foundation a Swiss
nonprofit.
Started in 2014
Ethereum was initially proposed in late 2013 by
Vitalik Buterin, a cryptocurrency researcher and
programmer.
Development was funded by an online crowd
sale during JulyAugust 2014
The initial version of Ethereumcalled
"Frontier"uses a proof of work consensus Algo

Project

Widely considered the most ambitious and complex of


protocols in the blockchain space
The value token of the Ethereum blockchain is called
ether
It provides a decentralized virtual machine, the Ethereum
Virtual Machine (EVM), that can execute peer-to-peer
contracts
Permission-less - anyone can join or create blocks or
nodes

Technical specifications

Main feature: Programmable

Proof of Concept: DAO, Augur, r3CEV trial

Partners: Microsoft, Consensys, Wanxiang

Pitfalls: no way to sharding the calculations, high volatility

# of nodes: 7,000

hashrate: 3.35 TH/s https://etherscan.io/charts/hashrate

blockTime: 14 s

lifespan: 2 years

price of tokens, fees: $0.001 to $0.002 (21,000 gas)

market cap: $890M

Protocol

Widely considered the most ambitious and complex of protocols


in the blockchain space
Uses a proof of work system for validation - method of validation
requires holders of Ether to prove how much they hold, provided
they meet the 1500 Ether quota set by the Ethereum Foundation.
Using a method of whats known as weak subjectivity consensus
the nodes validate the network and are paid out a percentage of
newly created Ether in return for holding the currency.
Potential use cases for Ethereum range from Decentralized
Autonomous Organizations (DAO), to Crowd prediction markets
such as Augur.

Comparision