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What is Ethereum?
Ethereum is a public, distributed, decentralized, and community-built technology that is designed to carry out smart contracts (a script that, when called with certain parameters, performs some actions or computation if certain events are triggered.
In the Ethereum blockchain, there is a single, canonical state of the computer called the Ethereum Virtual Machine. As it is a public and decentralized platform, every node on the network agrees with the state of this virtual machine and keeps a copy of the state of this computer. Whenever a new block is added to the Blockchain, it will be added to the global copy of the network that exists within all the nodes of the network.
What is Hyperledger?
Hyperledger is an open-source platform for building distributed ledger solutions, with a modular architecture that delivers high degrees of confidentiality, flexibility, resiliency, and scalability. This enables solutions developed with this platform to be adapted for any industry. This is a private and confidential blockchain framework managed by the Linux Foundation.
Ethereum vs. Hyperledger: Differences in their core features
Purpose
Both Ethereum and Hyperledger were designed and developed with a unique purpose. Ethereum was developed with the sole purpose of running smart contracts on EVM for the mass consumption of decentralized applications (DApps).
Hyperledger, however, was designed to facilitate the creation of cross-industry Blockchain tools and applications. Its primary purpose is to encourage seamless collaboration between businesses and developers working with Distributed Ledger Technology (DLT). It is highly flexible in the sense that you can customize your Blockchain apps and also choose the parties that can see and access the transactions.
Mode of accessibility
As mentioned before, Ethereum is a permission-free, public Blockchain platform. So, anyone can download the Ethereum framework, participate in Ether mining, and also see and access the transactions occurring on it.
Unlike Ethereum, Hyperledger maintains strict control over accessibility. Only authorized members can access and use the Hyperledger platform and tools. Each participant must obtain permission to join the Hyperledger network. This prevents external parties from accessing valuable information and making alterations to the network.
Confidentiality
Since Ethereum is a public network, it doesn’t work on the concept of permissions. It is entirely transparent, which means that all the transactions recorded on the Blockchain network are both visible to and accessible by every peer.
Contrary to Ethereum, Hyperledger is a permissioned Blockchain platform, which means that it is highly secured. All the transactions occurring on the network are only visible to the people who are authorized to access them. Thus, if you wish to access any specific resource on the Hyperledger network, you must obtain permission to access it.
Programming language
Ethereum uses high-level programming languages like Ruby, Javascript, Python, Kotlin, C++, Go, and Typescript. However, to write smart contracts, Ethereum uses Solidity, which is a contract-oriented programming language. In Hyperledger, smart contracts or “chaincode” is mostly written in Java or Golang languages.
Consensus mechanism
In Ethereum, all the participant nodes must reach consensus over all the transactions, irrespective of whether or not an individual node participates in a particular transaction. It leverages the Proof of Work (PoW) consensus mechanism that mandates that all nodes must agree on a ledger to access the recorded entries in the network.
Smart Contracts
Ethereum came up with smart contracts first. A Smart Contract is a computer program or a condition written in code that gets automatically triggered when certain conditions are met. It controls the transfer of digital assets between the parties under the contract. It is immutable, once the condition is created it cannot be changed by any third party. Like the smart contracts, Hyperledger fabric also allows the member organizations to run some code on peers that create the transactions on a specific condition. These are known as chaincode.
Speed of Transactions:
As Ethereum is a public domain it has a POW mechanism, which reduces the transaction speed of Ethereum. That is something close to 20 transactions per second. For being a permissioned blockchain network, Hyperledger fabric does not need such a heavy POW mechanism like Ethereum. That increases the transaction speed. That is around 2000 transactions per second. Which is far larger than Ethereum.
Cryptocurrency:
Ethereum has its own native cryptocurrency called ETHEREUM (ETH). Any participating node can mine ETH by paying gas. Hyperledger does not have its native cryptocurrency and it is not involved in mining.
Ethereum vs Hyperledger Fabric: Concluding Thoughts
In the end, Ethereum and Hyperledger Fabric are both two very unique blockchain platforms in the market. Additionally, both of them are capable of handling a lot of issues that the centralized system deals with nowadays.
You may think that Ethereum isn’t suited for commercial use cases. However, that’s not entirely true. Ethereum does have a private version of its technology called Enterprise Ethereum under the enterprise Ethereum Alliance. Here, like Hyperledger, many companies come together and work on possible solutions.
In fact, Hyperledger and EEA are already collaborating on a series of solutions just for the sake of enterprises. So, as you can see, both platforms are great options. Thus, it’s up to you to choose the best one out there.
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A curated list of awesome Ethereum Ressources. Inspired by awesome-go.
Please take a quick gander at the contribution guidelines first. Thanks to all contributors; you rock!
If you see a link or project here that is no longer maintained or is not a good fit, please submit a pull request to improve this file. Thank you!
Basic {#basic}
Bitcoin 2.0? a world computer? a smart contracts platform?
If you feel like going to the source
Remembering a time where the price of Ether was 2000 ETH per BTC
The Ethereum Foundation’s mission is to promote and support research, development and education to bring decentralized protocols and tools to the world that empower developers to produce next generation decentralized applications (DAPPs), and together build a more globally accessible, more free and more trustworthy Internet.
Clients {#clients}
Implementations of the Ethereum protocol.
The Ethereum network {#network}
Need information about a block, a current difficulty, the network hashrate?
Ether {#ether}
Ether is the name of the currency used within Ethereum
SPOILER: There are about 77 million ethers in existence and every new block (an average of 15 seconds) creates 5 new ether.
Where you can trade ethers - Remember: if you don't control the private you don't really control the ethers
Free Ether? don't have big expectation :)
Wallets {#wallets}
To store your ethers
Mining {#mining}
let's make the network work! and earn some ethers!
Fell alone? join a pool
Smart Contract languages {#smart-contracts-languages}
Solidity, the JavaScript-like language
Serpent, the Python-like language
LLL, the Lisp-like languagee
DAPP {#dapp}
Others awesome things & concepts {#others}
an upcoming P2P messaging protocol that will be integrated into the EtherBrowser.
Ethereum compatible JavaScript API which implements the Generic JSON RPC spec.
Gas is the fundamental network cost unit and is paid for exclusively in ether.
Projects using Ethereum {#projects}
Companies {#companies}
Community {#community}
Stay up to date! {#up-to-date}
Contributing
Your contributions are always welcome! Please take a look at the contribution guidelines first.
I would keep some pull requests open if I'm not sure whether the content are awesome, you could vote for them by leaving a comment that contains +1
.
To be added
Author: lampGit
Source code: https://github.com/lampGit/awesome-ethereum
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Ethereum Classic (CRYPTO: ETH) and Ethereum (CRYPTO: ETH) are two cryptocurrencies that use the Ethereum blockchain (CRYPTO: ETC).
But why do two cryptocurrencies have the same name?
Yes, something significant occurred. There was a time when the Ethereum ecosystem was all-encompassing. Following one of the most high-profile events in cryptocurrency history, a hard fork occurred, resulting in two competing blockchain network implementations.
Ethereum Classic is an older Ethereum version that implemented smart contracts using a Proof-Of-Work platform. Following a blockchain hack, Ethereum focused on the code that converts smart contract execution from Proof-of-Work to Proof-of-Stake in order to protect against future attacks.
Are you interested in learning more about Ethereum programming? The easiest way to get started is to take Ethereum certification courses.
The Differences Between Ethereum and Ethereum Classic
Ideological
The immutability of blockchains is something Ethereum does not believe in. Supporters of this perspective argue that people should not be allowed to change the blockchain on their own whims; otherwise, the blockchain would be susceptible to human corruption.
Ethereum’s creators built the platform with this in mind. This is Ethereum Classic’s basis, and the ecosystem’s creators agree.
According to ETH supporters, the Hard Fork was needed in order to be fair. It refunded those who had lost their Ether and devalued the tokens stolen by the hacker.
Value
The value of ETC has risen to 15 times that of ETH. One of the key reasons for this is that ETH is backed by a number of powerful members of the crypto community and is continually updated.
Although ETC has a low market capitalization, it has recently gained the support of a number of powerful individuals.
Potential
It’s debatable if ETC will succeed. Some argue that ETC has no future and that the majority of its members are scammers, while others believe it has a bright future. We don’t know if ETC would extend.
On the other hand, several experts assume that after Bitcoin, ETH would be the first cryptocurrency to hit $10,000. This is a tremendous achievement that reflects ETH’s immense ability. It’s now increasingly growing, with regular updates.
Characteristics
This is another area where the distinction between ETH and ETC is too clear. ETH has received support from the Enterprise Ethereum Alliance (EEA), a group of over 200 businesses working to incorporate blockchain for smart contracts in Fortune 500 companies.
The EEA includes companies such as JP Morgan, ING, Microsoft, and Toyota, to name a few. Every day, ETH receives many updates, helping it to stay on top of the industry and its demands.
The bulk of ETH’s alerts, on the other hand, are inaccessible to ETC. As a consequence, in terms of functionality and quality, it falls far behind.
Wrapping up
In other words, there will never be an agreement on which of these two is superior. On the one side, there’s the immutability theory, and on the other, there’s the theory of continuous growth. When you learn more about blockchain and its concepts, you’ll see how complicated this subject is.
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