Ethereum Can Become The First Public Blockchain In Hyperledger Consortium
CryptoBit News Today2 min read
Hyperledger could soon incorporate the Ethereum blockchain following a proposal submitted by ConsenSys. On August 8, the blockchain technology company sent a proposal to the Hyperledger mailing list suggesting the adoption of its Pantheon project, a suite of Ethereum-based services. Pantheon was built by PegaSys, an engineering team of 50 people within ConsenSys.
The team behind Pantheon sees benefits for itself in contributing its codebase to Hyperledger, potentially creating a mutually beneficial collaboration. "We believe the introduction of a fully public-chain-compatible project to Hyperledger will help bridge the gap between public and private blockchains, and help create partnerships and integrations between the two," PegaSys stated.
Written in Java and released under an Apache 2.0 license, the open-source Ethereum client operates across Ethereum's public chain, private environments, and test networks including Rinkeby, Ropsten, and Görli. It can also be utilized to construct enterprise applications that require safe and fast transaction processing on private networks. Unlike the original Ethereum software, which did not factor in the needs of enterprises, Pantheon focuses on enterprise architecture and distributed systems. It is designed to work on either a public Ethereum network or a private, permissioned network, meeting Enterprise Ethereum Alliance specifications.
Developers are already able to use Pantheon in collaboration with popular Ethereum tools such as Truffle, Remix, and web3j. By successfully integrating with Hyperledger, it would combine the capabilities of different blockchain projects, like IBM's Hyperledger Fabric and Intel's Hyperledger Sawtooth, with the Ethereum platform.
Hyperledger previously entered the Ethereum space through its Burrow project and by partnering with the Enterprise Ethereum Alliance for standards collaboration. If approved, Pantheon would mark the first public blockchain project incorporated into Hyperledger. The Hyperledger decision is still pending, but the Pantheon code would also be published on the Hyperledger GitHub page, open to developers.
The submission will broaden the range of available blockchain platforms, with PegaSys citing the pursuit of synergies and collaborative opportunities with other projects as a primary reason for proposing Besu. In addition to joining Hyperledger blockchain projects like Hyperledger Fabric backed by IBM and Hyperledger Sawtooth backed by Intel, it would also give PegaSys an opportunity to work on blockchain technology standards within Hyperledger and create a useful bridge to the largest Ethereum developer community.
