Over the past year, Distributed Ledger Technology (DLT) based blockchain has enthused a lot of developers and companies across multiple production activities. Hyperledger and Ethereum are two of the leading platforms of the blockchain with significant differences in their use cases and applications. Industries looking for Blockchain solutions have to carefully study as to which platform better suits their needs.

Currently, Ethereum, a public permissioned blockchain, is more mature with cryptocurrency at its core. Whereas, Hyperledger is picking its heat as demand for private permission-less enterprise blockchains is rising.

Compare Hyperledger Fabric to Ethereum over a wide range of parameters and decide what best suits your needs.

Ethereum Vs Hyperledger Fabric

Parameter/Characteristic Hyperledger Fabric Ethereum
Definition open-source development project for enterprises’ personalized blockchain world’s second-largest cryptocurrency
Governance Linux Foundation Ethereum developers/EEA
Released In 2017 2015
Type private and permissioned public and permission-less
User Participation, Confidentiality, and Nature of transactions all the members have to log in with the help of a valid membership service provider; Confidential transactions anyone can access, interact, build & deploy dApps; transparent transactions
Description of Platform modular generic
Consensus no specific consensus mechanism; Users create their own consensus algorithms due to the pluggable nature of the architecture(Kafka/Zab (CFT with trusted leader).
Raft (CFT with trusted leader)
uses Proof Of Work consensus mechanism; miner gets to add a small block of transactions to the ledger(mining a block) and is given a small cryptocurrency award for their work
Transaction Consensus Execute -> Order -> Validate Order -> Execute/Validate
Transaction Cost there are no transaction fees to be paid a transaction fee must be paid using the gas approach
Cryptography pluggable (ECDSA with secp256r1 and secp384r1 built-in) secp256k1
Tokens no in-built cryptocurrency/token Ether(ETH) is the designated cryptocurrency
Tokenization of Assets possible with a custom solution many token standards: ERC20/ERC721/ERC777 etc.
Smart-contract language chaincode can be written in Go, Java, Node.js written in Solidity/Serpent programming language and they run in a specialized environment, known as the Ethereum Virtual Machine (EVM)
Code visibility counterparties +
endorsers
Blockchain
Smart Contract Lifecycle requires an elaborate process to deploy/change. Stored off-chain immutable. Easy to deploy. Stored on-chain
Smart Contract Upgrade replacing off-chain code via administrative procedure and upgrade transactions programming patterns to extend/migrate code & data.
Multi-chains native feature (channels) with shared peer runtime, and shared orderer. Built-in governance for creating side-chains with isolated state each chain is unique and requires separate node runtimes (min or 3 or 4 depending on consensus).
State Key-Value Database Account Data
Accounts and Identity transactions have no designated recipients; smart contract updates the ledger when a new transaction happens every Ethereum transaction is sent from one account to another account – sending account is Externally Owned Account (EOA) and receiving account may be either an EOA or a Contract Account
Application Responsibility coordinating directly with all other participants to obtain an endorsement, managing optimistic concurrency locking on state, signature, and submission sending signed transactions to one node in the network
Partners Accenture, Airbus, American Express, Cisco, Daimler, J.P. Morgan, Intel, IBM, SAP, Baidu, etc. IC3, Microsoft, Shell, ING, Accenture, J.P. Morgan, Consensys, Intel, Santander,  Credit Suisse, CME Group etc.
Community of Contributors Go-Ethereum: 429
Quorum: 383
Besu: 60
Autonity: 360
Fabric: 185
Throughput close to 3,500 tps approximately 200 tps
Scalability Fast as it has fewer nodes in order to increase efficiency towards computing data massively Medium due to on-chain governance between nodes
Usability ideal for B2B transactions ideal for B2C transactions
Industry focus enterprises looking for industry-specific vertical applications developing decentralized applications for public consumption

(Source: Internet)

Further Steps

Demand for Blockchain certified & skilled professionals are also increasing steadily. It’s important to look at these differences when you start to solve a problem to check which platform best suits your needs.

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