What is Hyperledger?
Hyperledger is a collaborative open-source project started by the Linux Foundation in 2015 with one primary aim – enable blockchain-based applications built to meet specific business and industry needs.
The Linux Foundation is a collaborative effort with some major companies such as IBM, Intel, Microsoft, and many more big players in the banking sector, technology, blockchain, manufacturing, supply chain, transportation, etc. aims to facilitate the cross-industry adoption of blockchain solutions other than in the financial services sector which it already dominates.
Hyperledger offers the ability to build open-source blockchains using its hyperledger fabric framework which provides huge flexibility, security, and confidentiality on a permissioned network. Hyperledger Foundation is not a type of blockchain in itself, instead, it is a blockchain ecosystem that lays down a modular blockchain framework and sustainable design methodologies that support building any blockchain project and blockchain-based distributed ledger best suited to business applications.
The Hyperledger Foundation has developed notable projects since its inception such as the hyperledger fabric, hyperledger explorer, hyperledger burrow, hyperledger sawtooth, hyperledger caliper to meet various blockchain business applications.
Which is better Ethereum or Hyperledger?
One may not necessarily be able to say which is better as they both serve different purposes.
Ethereum blockchain allows other applications to be built on it using its smart contract feature and it is more suited to general applications of any kind. Hyperledger, on the other hand, enables building business-specific applications to meet industry standards while still leveraging the benefits of blockchain technology.
Although they are both open-source blockchain projects, Ethereum and Hyperledger differ in a few other ways such as the mode of peer-to-peer participation, consensus mechanism, level of transparency, and even their underlying programming languages.