How does different blockchains differs on the basis of protocols

+1 vote

As there are different blockchain platforms such as Hyperledger, multichain, Ethereum, and more. Can someone tell me the key differences among these platforms.??

Apr 4, 2018 in Blockchain by Perry
• 17,100 points
440 views

1 answer to this question.

+1 vote
Best answer
Blockchain platforms differs in more than many ways..

Majorly these platforms differ on the basis of protocols they implement. Various platforms uses different Consensus protocols. Example. Bitcoin uses proof of work while hyperledger uses PBFT as consensus mechanism.

Using different type of protocols in blockchain depend majorly on the purpose they are built for. Example: Ethereum was built for developing open source decentralized apps while hyperledger was formed for building enterprise based solutions.

Accordingly the platform is chosen depending upon the type of use case you want to build.
answered Apr 4, 2018 by Shashank
• 10,400 points

selected Aug 6, 2018 by Omkar

Related Questions In Blockchain

0 votes
0 answers

How does Atox debut in the center of cross-border payment industry?

Introduction: The “global village” created by the ...READ MORE

Jan 24, 2019 in Blockchain by anonymous

recategorized Jan 24, 2019 by Vardhan 343 views
0 votes
1 answer

How does the architecture of a blockchain search work?

Hey there! There is no architecture called ...READ MORE

answered Mar 28, 2019 in Blockchain by Suman
434 views
0 votes
1 answer

Hyperledger Sawtooth vs Quorum in concurrency and speed Ask

Summary: Both should provide similar reliability of ...READ MORE

answered Sep 26, 2018 in IoT (Internet of Things) by Upasana
• 8,620 points
1,211 views
0 votes
1 answer
+1 vote
4 answers

How to estimate the cost for deploying smart contract on mainnet?

Since you have already deployed the contract ...READ MORE

answered Apr 10, 2018 in Blockchain by Shashank
• 10,400 points
14,627 views
+1 vote
5 answers

Where does the smart contracts stored and executed on blockchain?

Ethereum smart contracts are executed on EVM ...READ MORE

answered May 3, 2018 in Blockchain by Shashank
• 10,400 points
8,792 views
webinar REGISTER FOR FREE WEBINAR X
REGISTER NOW
webinar_success Thank you for registering Join Edureka Meetup community for 100+ Free Webinars each month JOIN MEETUP GROUP