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Developing blockchain technology can be daunting, especially when there are so many options to choose from in the market. While blockchain development has picked up the pace in the last few years, two main cryptocurrencies, Ethereum and Hyperledger, have attracted the largest number of developers and clients in comparison to other alternatives available today. So, how do you choose which one to go with? Let’s explore some of the key points that can help you make an informed decision while choosing between Hyperledger Vs Ethereum in 2022 and other blockchain technologies as well.

What Is Hyperledger?

Hyperledger is an open-source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology. The Linux Foundation started Hyperledger in December 2015 with 30 founding members and has grown to 175 members since then.

What Is Ethereum?

Ethereum is an open-source blockchain project that enables you to build decentralized applications (ĐApps) similar to how Web-based apps are built. This technology allows for true peer-to-peer contracts and interactions with minimal interference from a central authority. Compared to Hyperledger, Ethereum’s biggest advantage is its flexibility: it is simple to use and can be used for all kinds of decentralized software.

Confidentiality:

Private networks only allow communication between members of that network. Permissioned networks, on the other hand, are open to those with a known or verifiable identity. At times (and depending on one’s perspective), private is better. The security and privacy benefits of being part of a closed ecosystem can be worth it in certain cases, but more open alternatives may be ideal in others; it depends on your application and why you're building it.

Also Read: Hyperledger Fabric vs Stellar: Which is the Best Blockchain Solution?

Need For Cryptocurrency:

The need for blockchain applications was anticipated by an anonymous programmer(s) under the pseudonym Satoshi Nakamoto in 2008. Their envisioned application of bitcoin—an electronic payment system based on mathematical proof—would allow online payments to be sent directly from one party to another without going through a financial institution. Transactions would be recorded on a public ledger, and anyone would be able to see that an amount of money had been transferred from one digital wallet to another.

Programming Languages:

The answer to which programming language you should pick to build a decentralized application or smart contract is both simple and complicated. For example, it is easier to hire  Ethereum developers than a Hyperledger developer. This applies also to startups – considering that one of these two technologies might become more popular than another.

Programmers have always been good at quickly picking up new languages, technologies, and frameworks. For example, just by looking at Stack Overflow, we can see that JavaScript has many more questions asked than any other language; it also has a higher activity level in comparison to its popularity. Therefore, if Hyperledger becomes more popular than Ethereum or vice versa, programmers will migrate over to that technology easily.

Read the full blog about Hyperledger vs Ethereum here:

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