Are blocks mined in HyperLedger?

Let's lear more about the basics of Hyperledger project
18 December 2017   581

What is HyperLedger? 

Hyperledger is an umbrella project of open source blockchains and related tools, started in December 2015 by the Linux Foundation, to support the collaborative development of blockchain-based distributed ledgers. Hyperledger is designed to create enterprise grade, open source, distributed ledger frameworks and code bases to support business transactions.

One of the first question that rises when studying Hyperledger is "Are blocks mined in HyperLedger?" And the answer is no. Let's figure out, why. 

Hyperledger Validating Peers (VPs) do not mine blocks and do not share the blocks between them. Here is how it works:

  1. A transaction is send to one trusted VP.
  2. The VP broadcasts the transaction to all other VPs.
  3. All VPs reach consensus (using PBFT algorithm) on the order to follow to execute the transactions.
  4. All VPs execute the transactions "on their own" following the total order and build a block (calculating hashes mainly) with the executed transactions.

All the blocks will be the same because: the transaction execution is deterministic (should be) and the number of tx in a block is fixed.

You can learn more at official website

Ripple and REMME joined Hyperledger

In total, 14 new member joined Hyperledger consortium
29 March 2018   342

Founded by the Linux Foundation, the Hyperledger consortium has been enriched by 14 new members, including Ripple and REMME, a Ukrainian startup specializing in security solutions.

Through our partnership with Hyperledger, developers worldwide will be able to access Interledger Protocol (ILP) in Java for enterprise use. The Hyperledger Quilt project connects Hyperledger blockchains with other ILP-capable payment systems such as XRP Ledger, Ethereum, Bitcoin (Lightning), Litecoin, Mojaloop and RippleNet, helping us to deliver on our vision for an Internet of Value – where money moves as information does today.

Stefan Thomas

CTO, Ripple

Other new members of Hyperledger include:

  • Beijing Truth Technology
  • Blockchain Technology Partners
  • CULedger
  • Greenstream Technology
  • KompiTech
  • MATRIX Foundation
  • Shenzhen Rongxun Technology
  • Spin Systems
  • Versia
  • Xiilab Co

To date, the consortium has more than 200 organizations from 25 countries that work in such areas as finance, the Internet of things, the supply chain, industrial production and technology.

Previously, Interledger protocol worked only with JavaScript, but last year Ripple entered into an agreement with the Japanese company NTT Data to improve it. After the completion of the development, the company sent Hyperledger a new product, later named Hyperledger Quilt.