Ethereum is set to become the first Blockchain public network of the Hyperledger consortium

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Ethereum is set to become the first Blockchain public network of the Hyperledger consortium

Ethereum is set to become the first Blockchain public network of the Hyperledger consortium

Ethereum is ready to join the Open-Source Hyperledger consortium. This will be the first blockchain public network to join Hyperledger when the last technical steering committee approved a proposal to adopt the Pantheon project supported by ConsenSys.

The Pantheon project is focused on providing a number of Ethereum-based services built by ConsenSys' strong engineering team, PegaSys. The Pantheon project sent a proposal to the Hyperledger mailing list earlier this month, August 8th.

Therefore, if the proposal is accepted by Hyperledger, the Hall of Fame will be renamed Hyperledger Besu. This will be similar to other blockchain projects, such as Intel's Hyperledger Sawtooth and IBM's Hyperledger Fabric.

Built using JavaScript, the Pantheon Ethereum client can develop enterprise applications as well as features such as license management and privacy.

As mentioned earlier, the Hall of Fame will be the first blockchain "public" project to work under the Hyperledger Consortium. As a result, the Pantheon code will be easily available on the GitHub page and open to all developers for their contribution to the project.

Pantheon works not only on the Ethereum blockchain network, but also on private networks and tests networks such as Rinkeby, Ropsten and Gorli.

The relationship between HyperLedger and Ethereum is not new. Last year, in October 2018, Hyperledger worked with the Enterprise Ethereum Alliance (EEA) to define common standards for blockchain space. With the blockchain sector still spread by date, the project aims to reach a general standard that can serve several industry players.

Speaking to CoinDesk, EEE Executive Director Ron Resnick said:

"Companies around the world will want to buy solutions for which they have a choice of suppliers."

The Hyperledger consortium was created by the Linux Foundation in order to develop the Open-Source blockchain. Similarly, EEA is a standard 500-member organization that builds personal business applications through the Ethereum blockchain network.

Both organizations believe that their alliance will allow Hyperledger developers to write code that meets EEE specifications and certify it through the EEA certification testing program.

Brian Behlendorf, executive director of Hyperledger, said:

"It's a two-way street. There are not many groups that effectively apply the standards in the blockchain field and the EEA started there. What can we contribute to the momentum?

At the time of the press, Ethereum prices were 2.6 million rupees, down 1.3% in 24 hours, according to CoinGecko.
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