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The document compares three blockchain types: Ethereum (public), Hyperledger Fabric (private), and Quorum (consortium). Ethereum is ideal for decentralized apps with a strong ecosystem and supports smart contracts, while Hyperledger Fabric is suited for enterprise use with high transaction speeds and privacy features. Quorum serves financial services with optional token support and private transactions, focusing on performance and confidentiality.

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0% found this document useful (0 votes)
17 views4 pages

Task 2

The document compares three blockchain types: Ethereum (public), Hyperledger Fabric (private), and Quorum (consortium). Ethereum is ideal for decentralized apps with a strong ecosystem and supports smart contracts, while Hyperledger Fabric is suited for enterprise use with high transaction speeds and privacy features. Quorum serves financial services with optional token support and private transactions, focusing on performance and confidentiality.

Uploaded by

blade gaming
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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1.

Ethereum (Public Blockchain)

• Type: Public

• Consensus: Proof of Stake (since Ethereum 2.0)

• Permission: Open to everyone

• Speed: Around 30 transactions per second on the main chain (Layer


1), but can go much higher with Layer 2 solutions (thousands of TPS)

• Smart Contracts: Yes – Mainly written in Solidity (also supports Vyper)

• Token Support: Yes – It has its own native token (ETH) and supports many
others via ERC standards

• Best Used For: DeFi apps, NFTs, decentralized apps (dApps)

• Notable Technical Feature: Huge ecosystem with powerful developer tools


and support for Layer 2 scaling like Optimism, Arbitrum, etc.

2. Hyperledger Fabric (Private Blockchain)

• Type: Private

• Consensus: Pluggable – can use Raft, Kafka, or others based on needs

• Permission: Only trusted participants can join

• Speed: Very fast – over 2000 transactions per second (depends on setup)

• Smart Contracts: Yes – Called “chaincode”; can be written in Go, JavaScript, or


Java

• Token Support: No native token (it’s not built for cryptocurrencies)

• Best Used For: Secure enterprise use cases like supply chain tracking,
healthcare data sharing, etc.

• Notable Technical Feature: Super modular and allows private channels for
more secure transactions between specific members.
3. Quorum (Consortium Blockchain)

• Type: Consortium (shared among trusted institutions)

• Consensus: Istanbul BFT or Raft (fast and practical for trusted networks)

• Permission: Permissioned – Only invited participants can join

• Speed: Around 200–300 transactions per second

• Smart Contracts: Yes – Uses Solidity (just like Ethereum)

• Token Support: Yes – Custom tokens are possible (no fixed native token like
ETH)

• Best Used For: Financial services, interbank transfers, and private enterprise
solutions

• Notable Technical Feature: Supports private transactions – plus, it’s an


enterprise-ready version of Ethereum, so you get familiar tools with more control.

2) Comparison

Ethereum (Public Blockchain)

• Public and fully decentralized.

• Uses Proof of Stake (PoS) – energy-efficient, secure, but slower than


private networks.

• Around 30 TPS on Layer 1; thousands TPS possible with Layer 2 scaling


(e.g., Arbitrum, Optimism).

• Smart contracts written in Solidity or Vyper.

• Fully supports tokens (native ETH + ERC-20, ERC-721, etc.).

• No privacy between participants – all data is public by default.

• Ideal for trustless, global interactions and open innovation.

Hyperledger Fabric (Private Blockchain)


• Permissioned and modular – only known participants can join.

• Uses pluggable consensus (e.g., Raft, Kafka) – very high performance.

• 2000+ TPS achievable depending on setup.

• Smart contracts (called chaincode) support Go, Java, JavaScript.

• No native token – not designed for cryptocurrencies.

• Supports channels for private communication between selected


parties.

• Fine-grained access control, perfect for enterprise data privacy.

Quorum (Consortium Blockchain)

• Permissioned, enterprise-focused Ethereum fork.

• Uses Istanbul BFT or Raft – fast and fault-tolerant.

• Around 200–300 TPS.

• Smart contracts written in Solidity (same as Ethereum).

• Token support is optional (custom, but no native token like ETH).

• Supports private transactions within the same chain.

• Designed for financial use cases requiring both performance and


confidentiality.

Platform Choice by Use Case

1. For a Decentralized App (dApp)

I Choose: Ethereum

Why?

• Open access and full decentralization.

• Large existing ecosystem of users, developers, and tooling.

• Strong support for smart contracts and tokens.

• Layer 2 solutions can handle scalability.


2. For a Supply Chain Network Among Known Partners

I Choose: Hyperledger Fabric

Why?

• Private, permissioned network – ideal for known entities.

• High throughput (2000+ TPS).

• Ability to create private channels for confidential transactions


between specific parties.

• No need for a cryptocurrency – aligns well with traditional enterprise


systems.

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