Hyperledger is an open-source collaborative effort and project hosted by the Linux Foundation to advance cross-industry blockchain technologies.

It does not involve a specific cryptocurrency but focuses on providing tools and frameworks for developing enterprise-grade blockchain solutions. Hyperledger aims to facilitate the development of permission, business-oriented blockchain networks that adhere to the needs of different industries.

Open-Source Collaboration

• • Hyperledger is a global collaboration comprising various industry leaders, companies, and developers working together to build open-source blockchain technologies. The Linux Foundation hosts the collaboration.

Permissioned Blockchains

• • Hyperledger primarily focuses on permissioned blockchain networks, where participants are known entities with specific roles and permissions. This stands in contrast to public blockchains, such as Bitcoin or Ethereum, which are permissionless and open to anyone.

Frameworks and Tools

• • Hyperledger provides several frameworks and tools that cater to different use cases and industries. Some notable projects include Hyperledger Fabric, Hyperledger Sawtooth, Hyperledger Besu, Hyperledger Indy, and Hyperledger Iroha.

Hyperledger Fabric

• • Hyperledger Fabric is one of the most prominent frameworks within the Hyperledger project. It is designed for developing modular and scalable enterprise-grade applications. Fabric supports smart contracts, known as chain code, and allows for creating private channels for confidential transactions.

Hyperledger Sawtooth

• • Hyperledger Sawtooth is another framework designed for creating and deploying distributed ledgers. It uses a unique consensus algorithm called “Proof of Elapsed Time” (PoET) and is suitable for applications requiring high performance and scalability.

Hyperledger Besu

• • Hyperledger Besu is an Ethereum client designed to be compatible with the Ethereum protocol. It supports public and private network configurations and is suitable for applications requiring Ethereum compatibility within a permission setting.

Hyperledger Indy and Hyperledger Iroha

• • Hyperledger Indy focuses on decentralized identity, providing tools for creating and managing digital identities in a secure and privacy-preserving manner. Hyperledger Iroha is designed for mobile applications and is known for its simplicity and ease of integration.

Interoperability and Standards

• • Hyperledger projects often collaborate to establish common standards and ensure interoperability. This approach aims to create a robust ecosystem where different Hyperledger frameworks can work seamlessly together.

Enterprise Adoption

• • Hyperledger is particularly focused on meeting the needs of enterprises and businesses. Its accept blockchain approach, emphasis on privacy, and modular design make it well-suited for various industry applications, such as supply chain management, finance, healthcare, and more.

Educational and Collaborative Community

• • The Hyperledger community provides educational resources, forums, and collaborative spaces for developers, businesses, and enthusiasts to share knowledge, contribute to projects, and foster innovation.

Conclusion

Hyperledger is a collaborative effort providing open-source blockchain frameworks and tools for developing enterprise-grade blockchain applications.

While it doesn’t involve a specific cryptocurrency, its impact on the broader blockchain space lies in its contribution to developing practical and scalable blockchain solutions for various industries.