What Is Hyperledger Sawtooth, and Why Should You Care?
Hyperledger Sawtooth is a Hyperledger open source project that serves as an enterprise-level blockchain framework for developing and maintaining distributed ledger applications and networks.
Hyperledger Sawtooth: What You Should Know
The core design concept of Hyperledger Sawtooth, developed by the Linux Foundation in partnership with IBM, Intel, and SAP, intends to keep ledgers truly distributed and make smart contracts significantly more safe, making them more acceptable for enterprises. It is a blockchain-as-a-service (BaaS) implementation (BaaS).
Core and apps are typically hosted and run on the same platform in most mainstream blockchain-based systems, which can cause performance and security difficulties.
Hyperledger Sawtooth separates the main ledger system from the application-specific environment, making application development easier while still ensuring the system’s security. A developer can use this architecture to create programs in their preferred programming language that can be hosted, operated, and run on the system perimeter without interfering with the main blockchain system.
The core system selects transaction rules, the appropriate permissioning mechanism, and the consensus algorithms that are used to finish the digital ledger’s working in a way that best meets an enterprise’s demands.
What is the Hyperledger Sawtooth Protocol and How Does It Work?
Sawtooth allows for selective permissions, which means that specific clusters of Sawtooth nodes can be simply deployed on the same blockchain with varying permissions. Permissions, nodes, and identities are all stored in the ledger.
The Sawtooth network’s operating performance is increased by the parallel transaction execution mechanism, which outperforms the serial transaction execution method, which is frequently a bottleneck when dealing with massive volumes of transactions on many popular cryptocurrency networks.
Sawtooth supports the Proof of Elapsed Time (POET) consensus process, which has the advantages of minimal resource utilization and energy consumption, and is widely employed on permissioned blockchain networks to determine mining rights and block winners. (See Evidence of Elapsed Time for further information.) 2
Sawtooth Supply Chain, which helps an enterprise keep track of contextual and logistics-related information of an asset represented on the blockchain, Sawtooth Marketplace, which allows participants to trade in specified quantities of digital assets on the blockchain, and Sawtooth Private UTXO, which facilitates digital asset creation and trading, including off-ledger and privately-held transactions, are just a few real-world examples of Sawtooth-based applications.