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Burrow Hyperledger

What Is Hyperledger Burrow and How Does It Work?

Hyperledger Burrow is a permissioned blockchain smart contract execution architecture. It is now being fostered as part of Hyperledger, an open-source community of projects and tools for commercial blockchain implementations. Hyperledger Burrow aims to make cross-industry smart contract applications easier.

Hyperledger Burrow: What It Is and What It Isn’t

Following Bitcoin’s breakthrough, many blockchain proponents saw the promise of using distributed ledgers to record smart contracts, self-executing algorithms that can run without the need for human intervention. Due to the high cost and latency of open blockchains, current networks such as Bitcoin and Ethereum were too limiting for corporate applications.

In 2015, the Linux Foundation developed the Hyperledger community in order to allow more scalable blockchains. IBM, Intel, and Microsoft are among the industry leaders who have joined the endeavor to develop enterprise-grade blockchain solutions.

Burrow is one of the Hyperledger projects, which also includes enterprise-focused systems like Hyperledger Fabric, Hyperledger Sawtooth, and Hyperledger Iroha. Monax, an open platform for building, shipping, and running blockchain-based apps for business ecosystems, designed the project, which was previously known as ErisDB. Intel, a processor and chipmaker, has also partnered with the initiative, which was admitted into the Hyperledger Incubator in April 2017. Burrow is doing better than ever before, according to the 2021 Q2 Hyperledger Burrow update, and a logistics platform is being created on top of it. 1

What Is Hyperledger Burrow and How Does It Work?

Burrow is a piece of software that allows you to run nodes in a permissioned blockchain network. Permissioned blockchains can achieve faster speeds and throughput than permissionless chains since the participants are known and trusted by the rest of the network.

Unlike proof-of-work blockchains like Ethereum, Hyperledger Burrow establishes transaction finality using a Byzantine Fault-Tolerant consensus process. There are no transaction or mining fees, and it can run smart contracts at a far larger scale than open blockchains.

According to the Hyperledger Wiki, the goal of Hyperledger Burrow is to give a “clean and straightforward” developer experience, which is comparable to many other Hyperledger blockchain tools. A permissioned implementation of the Ethereum Virtual Machine is a crucial component of Hyperledger Burrow, allowing it to connect with smart contracts on other Ethereum-based networks.

Hyperledger Burrow’s Plans

Although the project is still in its infancy, its creators believe it has the potential to bridge the gap between private and public blockchains. It’s linked to the Cosmos Network, which is a network of interoperable blockchains that uses a BFT consensus model.

Because they both use the same smart contract language, Hyperledger Burrow can interact with the Ethereum public chain. Burrow’s developers intend to use the Ethereum mainnet to implement a two-way peg mechanism, allowing data and tokens to flow easily between chains. Hyperledger Burrow would therefore be able to act as a high-speed “sidechain” to the public network. When Ethereum switches to a proof-of-stake mechanism, they’ll add support for public staking as well.

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Written by Trevanna Gordon

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