Advantages of Hyperledger Fabric - All That You Need to KnowOct 24, 2022 | Bakhtain Afzal
The advancement of blockchain technology and recent advancements provide clear evidence of blockchain's potential. Among the many prominent blockchain frameworks, Hyperledger Fabric has a distinct reputation.
Many ambitious blockchain professionals look forward to learning how to use Hyperledger Fabric apps. And, putting them into practice.
In 2016, Hyperledger developed an open-source collection of programs and tools. This was primarily for easing blockchain development chores. The effectiveness of Hyperledger was heavily reliant on improved collaboration. This is between developers and companies using distributed ledger technology.
As the use of blockchain applications grows, businesses are looking for the best ways to make the best use of most of them. In such instances, how will Hyperledger applications assist? To know more about that, it's better to consider the advantages of hyperledger first. Here are all the advantages you need to know.
What Is Hyperledger Fabric
Hyperledger Fabric is an enterprise distributed ledger platform with two key characteristics. These make it suitable for many blockchain use cases.
- References to flexibility and modularity are two separate characteristics. With Hyperledger Fabric's modular design, you can easily support a wide range of business use cases. Including blockchain technology.
- Users can get the most out of Hyperledger blockchain apps by utilizing plug-and-play aspects. Including permissioned services, privacy, and consensus.
After getting a basic understanding of hyperledger fabric. Let’s move right toward the advantages of hyperledger fabric.
Features of Hyperledger Fabric
The answers to issues concerning Hyperledger Fabric's capabilities will eventually come together in the tool's features. Here are a few of the important Hyperledger Fabric features that determine its functionality.
- Limited latency for confirmation or finality.
- Architecture that is very modular and permissioned.
- The design of the open smart contract approach is to provide flexibility in the application of any solution type.
- Consensus on plug-and-play aspects
- Solidity and EVM support
- Continuous activities, such as asymmetrical version support and rolling upgrades are possible.
- Flexible data privacy strategies include data isolation via channels and exclusive data sharing via private data collectors.
- It supports JSON and key-based queries.
All these characteristics demonstrate why Hyperledger applications provide a distinct benefit to developers. And, anyone interested in determining the best ways to use Hyperledger Fabric must first grasp its design.
The Architecture of Hyperledger Fabric
The design of the blockchain framework is the next key aspect of a Hyperledger Fabric application lesson. Hyperledger Fabric is just a permissioned blockchain network. The creation is by enterprises in a group known as a consortium. It is worth noting the network-within-a-network design, which offers much value to the applications.
All network members can collaborate with one another. All while preserving different connections inside the network. Every consortium member develops a unique configuration for network peers.
As a result, a Certificate Authority assists in setting the network's peers. The cryptography element of the Certificate Authority provides several benefits for blockchain application security.
Clients inside the organization send particular transaction invocation requests to the network peers.
Customers can refer to any single application, economic activity, or portal linked with a certain corporation in such instances. Clients interact with Hyperledger Fabric through the REST web API or the Hyperledger Fabric SDK. One of the key features of Hyperledger Fabric applications is the chaincode or smart contract. The location of a smart contract is on the peer nodes and can initiate transaction requests.