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Linux Blockchain: What is Hyperledger Fabric?

Today as blockchain technologies are taking over the operations of businesses & industries, the Linux Blockchain makes a quiet debut. Only little is known about its existence, save for a few corporate companies already working on Hyperledger development. So, let’s find out what Hyperledger Fabric and the Hyperledger grid are!

Linux Blockchain

What is Linux Blockchain?

Hyperledger Fabric is a platform for distributed ledger solutions to provide flexibility, resilience, scalability, and confidentiality. It’s underpinned by a modular architecture and designed as a way to support pluggable implementations of various components to accommodate complexities existing across the economic ecosystems.

The Hyperledger grid founded by The Linux Foundation exists to offer advanced cross-industry blockchain technologies.

Salient Features

Several factors set it apart from typical blockchain networks, like the fact that the Hyperledger grid can support collaborative approaches to develop blockchain solutions. Here, the intellectual property rights belong to the community to encourage open source development.

Another quality that distinguishes the Hyperledger Fabric from most blockchains is its private and permissioned framework. Instead of having an open blockchain framework allowing unknown entities to show participation on the network using POW methods to validate transactions, the Hyperledger Grid users must enroll via a Membership Service Provider (MSP).

Similarly, several other reasons differentiate the Linux Blockchain Open Source Hyperledger Fabric from others, as discussed after the following advantages.

Linux Blockchain: Hyperledger Fabric Benefits

Linux Blockchain

By making the blockchain development open source without allowing participation open to public access, the Hyperledger fabric offers unparalleled scalability and confidentiality.

1. Shared Ledger

The Hyperledger development is to-date open source and has a sub-system composed of components, namely the world state and the transaction log. Therefore, every participant of the Linux Blockchain has a copy of the ledger to every Hyperledger Fabric network on which they belong.

It allows channel(s) creation where a group of participants can create a separate ledger for recording transactions. The copies of their ledger within their channel will not be accessible by anyone else other than the members themselves.

2. Smart Contracts & Privacy

The Smart contracts within the Hyperledger are written in chaincode that are invoked when a specific external source interacts with the grid. The chaincode, in most cases, would only interact with the database component of the ledger instead of also accessing the transaction log.

In the privacy department, Hyperledger could allow networks to retain their privacy, with the option to keep it open. Such functionality allows businesses to keep their data private on the blockchain, even when its competitor uses the same blockchain to store their data.

3. Consensus Mechanism

The transactions on the ledger are written in the order in which they arrive. It’s ardently followed even when the other transactions may belong to different participants on the same network.

Linux Blockchain

It’s achieved by assisting an order to the transactions, with an assigned method to reject bad transactions. Hence, users can pick their consensus mechanism as per their wants.

Linux Blockchain: Hyperledger vs Blockchains

The distinctive features of the Linux Blockchain Hyperledger Fabric seem expansive and faultless compared to Typical Blokchcains. So, here’s how they stand against each other:

1. Ledger Features

The secret sequenced and tamper-resistant ledger records all state transitions within the fabric. Those State transitions are the outcomes of the chaincode interactions submitted by the participating members. In this manner, each transaction creates key-value pairs registered to the ledger as creates, updates or deletes.

On typical blockchains, the transactions are all registered as creates, and appending or deleting them is not possible.

2. Privacy

The Hyperledger Fabric Immutable Ledger functions on a per-channel basis, along with the chaincode capable of manipulating or modifying the current state of the Assets or key-value pairs. Hence, a ledger can be shared across a channel or multiple ones without revealing its data to other channels while keeping the data alive on the network.

3. Security & Access Services

The underpinned transactional network of Hyperledger Fabric participants are all known entities. Similarly, generating cryptographic certificates tied to users, organizations, and network components are done via using Public Key Infrastructure.

Data access control could be managed and governed across specific channels based on such operations. This permissioned state allows retaining data confidentiality.

Also Read : Blockchain Careers Influencing Employment Market! 

The Takeaway

The Linux Blockchain or the Hyperledger Fabric can be a revolutionary network allowing quicker transactions minus the high gas fees, among other things. But, the Hyperledger development is still in progress, and you can catch up on it at the Hyperledger global forum. Do share your views, should there be more open source blockchain networks like Hyperledger?

FAQs

Q. What is a Hyperledger in blockchain?

Hyperledger is a platform for distributed ledger on the open source blockchain network offering better flexibility, resilience, scalability, and confidentiality.

Q. What is the difference between Hyperledger and blockchain?

Many differences separate typical blockchains from Hyperledger. For instance, their dissimilar Ledger Features, Security Access Management, Blockchain Framework, etc.

Q. What is the difference between Hyperledger and Ethereum?

Ethereum is a public access network where transactions are transparent for anyone to view. The Hyperledger is a closed access network that accepts enrollment via a Membership Service Provider (MSP).

Q. What is Hyperledger Fabric for?

The Hyperledger fabric can improve the supply chains of businesses where maintaining transparency with data immutability by way of racing them can benefit their operations.

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