After vigorous debate, the Hyperledger technical steering committee decided—by unanimous vote—to induct PegaSys’ open-source Ethereum client “Pantheon.” In the coming weeks Pantheon will be renamed Hyperledger “Besu,” after the Japanese term for base or foundation.
“Blockchains are, after all, a base of data on which applications are built, and blockchains should serve modern IT architectures as a foundation of trust,” said PegaSys.
Patheon is an open-source Apache 2.0 licensed Ethereum client that is written in Java. It was designed to ensure that developers can easily deal with even the most complicated aspects of a distributed ledger, such as the consensus algorithm, networking, and storage.
“We see this submission as a significant milestone for both open source collaboration in the enterprise blockchain space and for the adoption of the Ethereum mainnet for business use cases,” wrote PegaSys.
Hyperledger will allow the rebranded Ethereum client to benefit from support and training for users, developer certifications, ease of integration with existing codebases, and additional access to heavy-hitting enterprise companies. Essentially, it will guarantee that the two open-source technologies can work together, blazing the way for greater adoption.
The admission of Besu marks a transition to a new phase of public blockchain integration with private blockchains, according to Brian Behlendorf, executive director at Hyperledger.
“Hyperledger’s first goal was just to prove the concept of enterprise blockchain, let’s get some stuff out there that can be deployed into production. And now that those bets are paying off, now that we see a lot of success, over time our mission has to evolve to support the hybrid models. How do we get more efficiency, rather than just being a team of rivals?”, said Behlendorf.
Like what you see? Get more Hyperledger news in your inbox…
Subscribe to CryptoSlate Recap, our daily newsletter containing the top stories and analysis.
Ethereum Foundation distributes $2 million in grants to accelerate “imminent” ETH 2.0 launch
3 days ago
After Ali began forex trading in 2012 In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin.
Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.