If you’re about to create a blockchain-backed enterprise solution, you need to make a choice: whether to develop your own custom blockchain or adopt a ready-made one. The latter option is easier, cheaper, and more time-efficient than the former.
To make this decision, you need to compare different blockchain ecosystems and then make a right choice. This post will shed some light on similarities and differences of two of them, Hyperledger and genEOS.
What They Share In Common
They are open-source
Both blockchain ecosystems are open-source. Why is it important? This feature allows them to be transparent. For instance, users can easily check up the code of smart contracts to understand how they will work and be sure that all the actions will be triggered correctly.
They suit business needs
Both platforms are business-focused. They pre-design the most critical features for teams creating blockchain-led enterprise-grade solutions. Among such features, there are inherent decentralization, digital ledgers, smart contracts, permission schemas, and payment protocols.
They support growth
Both platforms offer easily scalable and cost-efficient blockchains.
What’s Unique to Hyperledger
More out-of-the-box tools
Hyperledger pre-designs more tools than genEOS. Among extra functionality, there are membership services, benchmarking and deployment tools. Moreover, Hyperledger contains five separate frameworks (Sawtooth, Iroha, Fabric, Burrow, and Indy) that facilitate the development process.
Being developed under the Linux Foundation umbrella, Hyperledger supplies its users with the benefits of the Linux community. In addition, developers using Hyperledger can introduce their solution on Hyperledger’s blog with more than 50,000 monthly unique visitors.
Hyperledger takes advantage of the Proof of Elapsed Time (PoET) consensus algorithm. Mining blocks are chosen on the lottery basis. While one block is mining a new one, other blocks have their ‘rest’ time. This way, regardless of its size, a system isn’t overloaded with operations.
Go and JS
genEOS: What’s Unique
Although genEOS delivers fewer ready-to-use tools, its blockchain can be easily customized for exact purposes.
Being business-oriented, genEOS pays a lot of attention to facilitating the development process. For this, the platform’s team of more than 60 developers not only provides a blockchain as it is but delivers development services as well. This way, businesses that need blockchain-backed solutions can focus on the marketing side instead of seeking developers and taking up the entire Dapp development process.
genEOS uses the Delegated Proof of Stake (DPoS) consensus algorithm. What does it mean? The system chooses a set number of the most reliable nodes that are responsible for witnessing. This way, no matter how much the blockchain scales, transaction costs don’t grow, as the number of witness nodes remains the same.
Both Hyperledger and genEOS are blockchain-backed, business-focused and open-source ecosystems. Their goal is to facilitate the Dapp development process in a time- and cost-efficient way. For this, they deliver both scalable blockchains and toolkits with already pre-configured features that can be encoded in any solution.
Despite some similarities, Hyperledger and genEOS have differences as well.
- While Hyperledger wraps its ready-made functionality in frameworks, genEOS gives more room for customization.
- Hyperledger focuses on the community support, whereas genEOS implies professional support from its own founding team.
- Hyperledger uses the PoET consensus algorithm, and genEOS leverages DPoS.