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2019-10-18

eosio will become the Best Blockchain Technology for Enterprise

eosio-will-become-the-best-blockchain-technology-for-enterprise

Dan Larimer recently expressed his opinion about HyperLedger, the Linux Foundation's open-source framework developed specifically to support enterprises with permissioned distributed ledger technology.

Apparently, he wanted to check if HyperLedger was actually a good alternative for businesses to develop smart contracts using a standard programming language, compared to using eosio.

HyperLedger uses an architecture called execute-order-validate to remove the issue of non-deterministic transactions in a network of nodes, such as a blockchain or a distributed ledger. This architecture allows nodes to reach consensus on non- deterministic transactions in a flexible and scalable manner.

A transaction is non-deterministic when given the inputs to generate it, it can produce outputs that are not always the identical. Since in blockchain and distributed ledgers all nodes must reach consensus on their transactions, it is necessary that these are all deterministic, i.e. given certain inputs, they always generate the same outputs. An example of non-deterministic transactions can concern the use of a timestamp within a smart contract.

The execute-order-validate architecture used by Hyperledger allows nodes to execute transactions in parallel, and to declare them valid when a certain number of nodes (and not the totality) vouch for their correct execution. Once declared valid, they are placed inside the ledger.


From Hyperledger Fabric Documentation

execute-order-validate architecture:

  • execute a transaction and check its correctness, thereby endorsing it,
  • order transactions via a (pluggable) consensus protocol, and
  • validate transactions against an application-specific endorsement policy before committing them to the ledger

This design departs radically from the order-execute paradigm in that Fabric executes transactions before reaching final agreement on their order.


According to HyperLedger, their method is the only one that allows standard programming languages to be used in a scalable way, but eosio proves that this is not the case. eosio allows developers to create deterministic smart contracts using C++ with excellent performance. Currently Dan Larimer stated that he aims to make eosio the best blockchain technology for enterprise, and that he is working with his team to expand the number of consensus algorithms that can be implemented on EOSIO.


Dan Larimer on HyperLedger

Source

dan-hyperledeger


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