Ethereum

Ethereum is expected to be the first public blockchain to be accepted on Hyperledger once the technical steering committee gives an okay to the adoption of ConsenSys’ Pantheon project.

Pantheon Project to be Part of Hyperledger

Pantheon, which is created by PegaSys, is a collection of Ethereum-based services that is built on Java. The Pantheon Ethereum client is important in developing enterprise applications that have features such as permissions and privacy.

If the proposal, which was sent on August 8, gets approved, the Pantheon project will change its name to HyperledgerBesu, besu meaning foundation or base in Japanese. With the approval, Pantheon’s protocol will be under Hyperledger, thus becoming part of a collection of projects such as HyperledgerSawtooth by Intel (NASDAQ:INTC) and Hyperledger Fabric by IBM (NYSE:IBM).

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It is important to note that this will make Pantheon the first public blockchain to be incorporated under the umbrella of Hyperledger. Pantheon code will thus be published on the GitHub page and be open to contribution from other developers that are involved in the projects already. Besides the Ethereum public network, Pantheon also runs on private and test networks such as Gorli, Ropsten, and Rinkeby.

Burrow Code on Ethereum Virtual Machine

The foray of Hyperledger into Ethereum started with the Monax “Burrow” codebase, which was the first Ethereum Virtual Machine blockchain to be approved for the Hyperledger project. The approval brought Monax’s protocol under Hyperledger, joining Fabric and Sawtooth Lake. The Burrow code, just like Pantheon project, was also published on the proprietary GitHub pages and was open to contribution from various developers within the project.

>> Understanding the Difference Between Proof of Work and Proof of Stake

Then an incubation agreement gave Monax access to the Ethereum Virtual Machine, which is the part of the Hyperledger network that brings together the bytecode as well as executes the scripts on the network. Approval for incubation meant that Monax could use the licensed Apache version of the Ethereum Virtual machine to pave way for the development of other complex smart contracts.

The latest proposal comes days after R3, which is Hyperledger’s competitor, announced that it is hiring to expand its London office as well as open a second engineering hub.

Featured image: DepositPhotos © akulamatiau

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
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Tether1.001 0.01 % 0.05 % 0.00 %
USD Coin1.002 0.03 % 0.01 % 0.13 %
BNB218.51 0.63 % 1.69 % 8.92 %
Binance USD1.002 0.01 % 0.03 % 0.09 %
Cardano0.4531 0.14 % 1.21 % 9.06 %
XRP0.3151 0.12 % 0.61 % 14.21 %
Solana32.93 0.36 % 1.90 % 22.30 %
Dogecoin0.06627 0.70 % 0.26 % 3.36 %

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