Are you looking for the adoption of blockchain for cross-industry applications using smart contracts? Then, Hyperledger Burrow might be a perfect option for you.
But, what is Hyperledger Burrow? What are its features? Here, in this article, we will discuss the features and advantages of Hyperledger Burrow.
Let us first see what Hyperledger is.
Hyperledger is an open-source blockchain and offers the standards, framework, guidelines, and tools that can be applied in various industries. In this network, the parties know each other. Thus, these parties have an interest in the consensus-making process.
Then, what does Hyperledger Burrow deal with?
Hyperledger Burrow provides a framework for smart contract execution in permissioned blockchain. The Burrow aims to ease the process of blockchain implementation in cross-industry applications.
For the Hyperledger Burrow, Byzantine Fault Tolerant consensus algorithm is used. It allows the blockchain to scale up for commercial applications with no transaction or mining fees.
Hyperledger Burrow software uses nodes in the permissioned blockchain to run the network. As all the participants in the network are trusted and known, transaction speed and throughput are higher than permissionless chains.
Since the Ethereum public chain and Burrow share the same smart contract language, they can interact with each other.
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This article first appeared on the www.blockchainshiksha.com at https://blockchainshiksha.com/burrow-blockchain-for-cross-industry-applications. Written by Shubhada Pande