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Which Platform Provides Modular Architecture In Blockchain?
Blockchain is a distributed ledger technology that has laid the foundation for creating a transparent and secure ledger. As per the current system, which is highly vulnerable and prone to attack, Blockchain is a much safer option. The technology is known as an append-only operation ledger. It means that this ledger can be printed with new information, but the added information cannot be deleted or removed. The information on the ledger cannot be deleted, it is stored in the form of blocks, and any new information which gets added is also stored in the form of blocks and gets attached to the previous block. It is accomplished by cryptography. Overall, this helps in enhancing the security of data, which gets added to the Blockchain ledger.
When we talk about Blockchain, then there is a multitude of platforms that are available, here we will be discussing the popular modular architecture in Blockchain.
When we talk about Blockchain, then one of the most talked platforms is Ethereum. It is the most accessible Blockchain platform which provides a modular architecture in Blockchain. Ethereum is a digital ...
... currency, and at the same time, it is an open-source platform that is used for developing apps. Because of its functionality and flexibility, Ethereum is one of the most sought after platforms and offers a number of use cases.
Although Ethereum offers a number of use cases, being a permissionless platform, it becomes a controversial platform for many.
If it comes to an enterprise solution. When it comes to one of the most trustworthy Blockchain platforms, then we cannot miss Hyperledger. It is a Linux based platform that was launched in the year 2016. Despite its recent origin, the advanced level security offered by this platform and cross-industry use, it has become very popular. Most of the enterprises are now using Hyperledger to create apps and develop solutions. It is the only Blockchain framework that offers enterprise-level solutions. Owing to its modular architecture, Hyperledger offers plug and play mechanism.
DIFFERENCE BETWEEN ETHEREUM AND HYPERLEDGER:
While both these platforms have their own set of advantages and they are Blockchain platform, but there is a fundamental difference between the two, which is dependent on how the end-user is using it. While Hyperledger modular architecture provides a lot of flexibility, it becomes difficult for those businesses which are defunct in streamlining their business process using Blockchain. But Ethereum, on the other hand, is designed for application are mass usage.
What we can conclude is that both these platforms have their own set of advantages and disadvantages and based on your requirements. While Hyperledger is more for businesses, Ethereum is targeted for masses, and over a period of time, the developers are going to use both these platforms for developing apps for the benefit of both the business and the end-user.
This will lead to the development of Blockchain developers and experts. At Blockchain Council, you will complete insight into Blockchain and its usage. Learning about Hyperledger, Ethereum, and its practical implementation will make your learning and knowledge more fruitful.
Blockchain Council is an authoritative group of subject experts and enthusiasts who are evangelizing the Blockchain Research and Development, Use Cases and Products and Knowledge for a better world. Blockchain technology is more than just a technology, which is emerging rapidly with a vast scope in the future. Blockchain acts as a financial network, software, distributed ledger, etc. Owing to this multitude of benefits and features, companies are now shifting their centralized and traditional working system to this trending and futuristic technology “Blockchain”. Blockchain council creates an environment and raises awareness among businesses, enterprises, developers, and society by educating them in the Blockchain space. We are a private de-facto organization working individually and proliferating Blockchain technology globally. Visit here for more details@https://www.blockchain-council.org/
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