Hyperledger Fabric vs Ripple

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Hyperledger Fabric

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Ripple

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Hyperledger Fabric vs Ripple: What are the differences?

Introduction

The blockchain technology has given rise to various platforms and frameworks that cater to different use cases and industries. Hyperledger Fabric and Ripple are two prominent platforms in the blockchain space. While both aim to revolutionize the way transactions are processed, there are several key differences between the two.

  1. Consensus Mechanism: Hyperledger Fabric utilizes a practical Byzantine Fault Tolerance (PBFT) consensus algorithm, which ensures high throughput and low latency. On the other hand, Ripple implements a unique consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA), which does not require mining and allows for faster transaction confirmation.

  2. Permissioned vs. Permissionless: Hyperledger Fabric is a permissioned blockchain framework, meaning that participants must be pre-approved and authorized to join the network. In contrast, Ripple employs a permissionless approach, where anyone can participate in the network as a validator or user.

  3. Native Cryptocurrency: Hyperledger Fabric does not have a native cryptocurrency built into its framework. It allows for the integration of digital assets and tokens, but it does not have its own native digital currency. Ripple, on the other hand, has its native cryptocurrency called XRP, which primarily serves as a bridge currency for facilitating cross-border transactions.

  4. Targeted Use Cases: Hyperledger Fabric is designed to cater to a wide range of industries and use cases, including supply chain management, healthcare, finance, and more. It provides flexibility in terms of building and customizing blockchain-based solutions. Ripple, on the other hand, primarily focuses on facilitating efficient cross-border payments and liquidity management.

  5. Consensus Validation Model: In Hyperledger Fabric, consensus validation is performed by a subset of network participants called endorsers, who execute and validate transactions. This approach allows for flexibility and scalability. In Ripple, validation is performed by a network of independent validators, and a supermajority consensus is required for transaction confirmation.

  6. Blockchain Network Structure: Hyperledger Fabric employs a modular architecture, allowing multiple organizations to collaborate and form a consortium blockchain network. It supports a distributed governance model, where participants collectively make decisions regarding network rules and policies. Ripple operates as a more centralized network with a set of trusted validators, making it suitable for its specific use case of cross-border payments.

In Summary, Hyperledger Fabric is a permissioned blockchain platform with a Byzantine Fault Tolerance consensus mechanism, flexible use case applicability, and a modular architecture. Ripple, on the other hand, is a permissionless platform with a unique consensus algorithm, a native cryptocurrency, and a focus on cross-border payments.

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Pros of Hyperledger Fabric
Pros of Ripple
  • 3
    Highly scalable and basically feeless
  • 2
    Higher customization of smart contracts
  • 2
    Flexible blockchain framework
  • 1
    Easily to developmenet
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    What is Hyperledger Fabric?

    It is a collaborative effort created to advance blockchain technology by identifying and addressing important features and currently missing requirements. It leverages container technology to host smart contracts called “chaincode” that comprise the application logic of the system.

    What is Ripple?

    It is an open source protocol which is designed to allow fast and cheap transactions.

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    What companies use Hyperledger Fabric?
    What companies use Ripple?
    See which teams inside your own company are using Hyperledger Fabric or Ripple.
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    What tools integrate with Hyperledger Fabric?
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    What are some alternatives to Hyperledger Fabric and Ripple?
    Ethereum
    A decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.
    Composer
    It is a tool for dependency management in PHP. It allows you to declare the libraries your project depends on and it will manage (install/update) them for you.
    MultiChain
    It is a platform that helps users to establish a certain private Blockchains that can be used by the organizations for financial transactions.
    IPFS
    It is a protocol and network designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system.
    Web3j
    It is a lightweight, highly modular, reactive, type safe Java and Android library for working with Smart Contracts and integrating with clients (nodes) on the Ethereum network. This allows you to work with the Ethereum blockchain, without the additional overhead of having to write your own integration code for the platform.
    See all alternatives