Hyperledger welcomes its first public blockchain—Ethereum 🚨 This article is 5 years old...
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Hyperledger welcomes its first public blockchain—Ethereum
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Updated: Apr. 25, 2020 at 9:32 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Hyperledger is officially integrating an open-source Ethereum client into its technology offering.
After vigorous debate, the Hyperledger technical steering committee decided—by unanimous vote—to induct PegaSys’ open-source Ethereum client “Pantheon.” In the coming weeks Pantheon will be renamed Hyperledger “Besu,” after the Japanese term for base or foundation.
“Blockchains are, after all, a base of data on which applications are built, and blockchains should serve modern IT architectures as a foundation of trust,” said PegaSys.
Patheon is an open-source Apache 2.0 licensed Ethereum client that is written in Java. It was designed to ensure that developers can easily deal with even the most complicated aspects of a distributed ledger, such as the consensus algorithm, networking, and storage.
After five years in the “wilderness of divergence” PegaSys is celebrating integration into the global consortium, said John Wolpert, global product executive at ConsenSys.
“We see this submission as a significant milestone for both open source collaboration in the enterprise blockchain space and for the adoption of the Ethereum mainnet for business use cases,” wrote PegaSys.
Hyperledger will allow the rebranded Ethereum client to benefit from support and training for users, developer certifications, ease of integration with existing codebases, and additional access to heavy-hitting enterprise companies. Essentially, it will guarantee that the two open-source technologies can work together, blazing the way for greater adoption.
The admission of Besu marks a transition to a new phase of public blockchain integration with private blockchains, according to Brian Behlendorf, executive director at Hyperledger.
“Hyperledger’s first goal was just to prove the concept of enterprise blockchain, let’s get some stuff out there that can be deployed into production. And now that those bets are paying off, now that we see a lot of success, over time our mission has to evolve to support the hybrid models. How do we get more efficiency, rather than just being a team of rivals?”, said Behlendorf.
Ethereum Market Data
At the time of press 9:32 am UTC on Apr. 25, 2020, Ethereum is ranked #2 by market cap and the price is up 0.16% over the past 24 hours. Ethereum has a market capitalization of $18.2 billion with a 24-hour trading volume of $5.89 billion. Learn more about Ethereum ›
Crypto Market Summary
At the time of press 9:32 am UTC on Apr. 25, 2020, the total crypto market is valued at at $248.65 billion with a 24-hour volume of $47.62 billion. Bitcoin dominance is currently at 69.08%. Learn more about the crypto market ›
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Ethereum
$3,463.47
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Consensys
Consensys is a venture production studio and custom software development consultancy building decentralized applications (DApps), enterprise solutions and developer tools for blockchain ecosystems, focused primarily on Ethereum..