Media coverage was a major factor in the rise of Bitcoin and Ethereum.

Although it hasn’t been widely covered by media, there is one blockchain project that is doing great work to make blockchain development easier. Because many blockchains are built from scratch and have different purposes, the Linux Foundation launched Hyperledger Project to standardize and decentralize blockchain for business.

Hyperledger brings together a wide range of industry knowledge to help businesses solve their problems efficiently. Organizations can create customized blockchain apps to meet specific business requirements.

What is Hyperledger and how can it help you?

Hyperledger was an open-source project that was founded by the Linux Foundation. It provides a wide range of projects and frameworks for developers and businesses to create blockchain networks and applications. Hyperledger Project seeks to improve collaboration between businesses, developers, and enterprises in DLT (Distributed Ledger Technology) field.

Brian Behlendorf (Executive Director of Hyperledger) outlined the definition of Hyperledger:

“Hyperledger, an open-sourced community of communities, is a benefit an ecosystem of Hyperledger-based solution providers. Users are focused on blockchain related use case that will work across many industrial sectors.”

Hyperledger is currently supported by over 250 organizations, with that number growing quickly. There are many tech giants, such as Airbus and Daimler and IBM, SAP and Huwaei. Fujitsu, Nokia and Samsung. American Express, JP Morgan, and startups such as Blockstream, Consensys, are also included in the list.

Director said,

“You won’t ever see a Hyperledger Coin, by not pushing for a currency, we prevent so many political challenges that must be maintained a globally consistent currency.”

It helped strengthen the foundation of Hyperledger Project. It also influenced the goals for developing industrial applications and isolating blockchain from get-rich schemes based on currency-backed blockchains.

Hyperleger Project provides enormous opportunities. It has over 28000 participants, 3.6 Million lines of code and offers huge potential. Hyperledger is comprised of 10 projects. These include 6 tools as well as 6 frameworks. You can divide the Hyperledger project into two parts:

• Modular Tools
• Modular Frameworks

It is now clear what Hyperledger is, so we will discuss the various types of Hyperledger Projects & Tools that support blockchain development.

Hyperledger Projects

Hyperledger adheres to the umbrella strategy, which encourages and incubates many business blockchain technologies such as smart contract engines, graphic interfaces, distributed ledger frameworks and application and library libraries.

Hyperledger encourages the reuse of building blocks, and facilitates innovation in distributed ledger tech components.

Hyperledger Burrow

Hyperledger Burrow hosted by Linux Foundation is one Hyperledger Project that provides a modular client for blockchain to build permissible smart contracts with the specification Ethereum Virtual Machine (EVM). Burrow has high transaction throughput and transaction completion due to its proof-ofstake consensus engine.

Burrow includes the following components:

• Consensus Engine

The Byzantine Fault Tolerant Protocol for Transaction Ordering and Execution allows for high throughput and protection of the blockchain against forking.

• Smart Contract Application

Transactions are validated to an application state in the same order as the consensus engine has completed. The application state includes the validator set and name registry. The smart contract code is included in burrow accounts. Transactions that use smart contract codes run the code of an account on a permissible virtual machine.

• Application Blockchain Interface

Application Blockchain Interface allows smart contract applications to interact with consensus engine.

• Application Binary Interface

Transactions should be in binary format so that blockchain nodes can process them. Hyperledger Burrow provides tools that allow you to compile, link, and deploy solidity smart contracts. Additionally, it allows you to execute transactions to call smart contract on the chain.

• API Gateway

Burrow exposes JSON-RPC endpoints and REST endpoints that allow you to communicate with the app state and the blockchain network.

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