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BlockCypher VS Hyperledger

Compare BlockCypher VS Hyperledger and see what are their differences

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BlockCypher logo BlockCypher

AWS for Block Chains

Hyperledger logo Hyperledger

Hyperledger is a multi-project open source collaborative effort hosted by The Linux Foundation, created to advance cross-industry blockchain technologies.
  • BlockCypher Landing page
    Landing page //
    2021-09-14
  • Hyperledger Landing page
    Landing page //
    2023-09-26

BlockCypher features and specs

  • Ease of Use
    BlockCypher offers a simple API structure that makes integration with blockchain services straightforward, even for developers who are new to blockchain technology.
  • Multi-Blockchain Support
    Supports multiple blockchains, including Bitcoin, Ethereum, Litecoin, and Dogecoin, allowing developers to work with different cryptocurrencies in a unified platform.
  • Detailed Documentation
    Comprehensive and well-maintained documentation that helps developers understand and implement their APIs efficiently.
  • High Availability
    Designed for high availability and reliability, which ensures minimal downtime and consistent performance for applications.
  • Advanced Features
    Offers advanced APIs for tracking, creating, and managing transactions, contracts, and wallet functionalities, making it suitable for both basic and complex use cases.
  • Support for Microtransactions
    Offers support for microtransactions, which is beneficial for applications requiring small payments or tipping systems.

Possible disadvantages of BlockCypher

  • Costs
    While BlockCypher offers a free tier, higher usage plans can get expensive, which may not be suitable for startups or low-budget projects.
  • Limited Customization
    Some users might find that the service provides limited customization options, which can be restrictive for highly specialized use cases.
  • Dependency on Third Party
    Relying on a third-party service for blockchain interactions introduces dependency risks, including potential service downtime or changes in API terms.
  • Performance Overhead
    Using an external API can introduce performance bottlenecks due to network latency, compared to running a local solution.
  • Security Concerns
    Although secure, delegating sensitive operations to a third-party service raises security concerns, especially for high-stakes transactions.
  • Limited Control Over Nodes
    Developers do not have direct control over the blockchain nodes, which can occasionally lead to limitations in managing the blockchain environment.

Hyperledger features and specs

  • Permissioned Network
    Hyperledger operates on a permissioned blockchain, meaning that participants must be known and authorized. This enhances security and trust among members of the network.
  • Modular Architecture
    Its modular architecture allows users to plug and play different components like consensus algorithms, membership services, and data storage options, offering great flexibility and customization.
  • High Scalability
    Hyperledger is designed to scale with the needs of different businesses, making it suitable for large enterprise-level applications.
  • Strong Governance
    Backed by the Linux Foundation, Hyperledger benefits from strong governance and contributions from industry leaders, ensuring better code quality and ongoing development.
  • Interoperability
    Hyperledger prioritizes interoperability between different blockchain networks, allowing for seamless integration and communication across different platforms.

Possible disadvantages of Hyperledger

  • Complex Setup
    Setting up and managing a Hyperledger network can be complex and may require significant expertise, making it less accessible for small businesses or individual developers.
  • Limited Adoption
    Compared to public blockchains like Ethereum and Bitcoin, Hyperledger has less widespread adoption, which could limit its network effects and community support.
  • Performance Overhead
    The additional layers of security and permissioned access can introduce performance overhead, potentially affecting transaction speeds and overall system performance.
  • Cost
    The need for specialized knowledge and potentially complex hardware setups can translate to higher costs, which may not be feasible for all organizations.
  • Less Decentralization
    Because Hyperledger is permissioned, it offers less decentralization compared to public blockchains. This could be a drawback for users who prioritize a decentralized network.

Analysis of Hyperledger

Overall verdict

  • Yes, Hyperledger is considered a reliable and versatile option for organizations looking to implement blockchain technology, especially in enterprise settings where security and scalability are critical.

Why this product is good

  • Hyperledger is a collaborative open-source project hosted by the Linux Foundation, aimed at advancing cross-industry blockchain technologies. It is highly regarded for its modular architecture, which allows for flexibility in using various blockchain components, and its emphasis on permissioned blockchains, ensuring privacy and security. Hyperledger boasts a robust ecosystem of frameworks and tools like Hyperledger Fabric and Hyperledger Sawtooth, backed by a strong community and support from major industry players.

Recommended for

  • Enterprises seeking to build or deploy secure, scalable distributed ledger applications.
  • Developers looking for open-source blockchain frameworks with modular architectures.
  • Organizations needing permissioned blockchain solutions for privacy and compliance requirements.
  • Industries such as finance, supply chain, healthcare, and government institutions that require customizable and private blockchain platforms.

BlockCypher videos

+ Add

Building with Blockchains and BlockCypher - Josh Cincinnati

More videos:

  • Review - FinDEVr SF 2015 / BlockCypher

Hyperledger videos

+ Add

Traxion ICO review - Hyperledger fabric technology

More videos:

  • Review - Matrix AI Review - $MAN - Intelligent Blockchain - Easier | Safer | Faster | Flexible + Hyperledger
  • Review - Overview: Agents and Hyperledger Indy - Kyle Den Hartog, Evernym - Part 1

Category Popularity

0-100% (relative to BlockCypher and Hyperledger)

BlockCypher

Hyperledger

Business & Commerce
39 39%
Business & Commerce
61% 61
Cloud Computing
41 41%
Cloud Computing
59% 59
Cloud Infrastructure
40 40%
Cloud Infrastructure
60% 60
Social Media
38 38%
Social Media
62% 62

User comments

Share your experience with using BlockCypher and Hyperledger. For example, how are they different and which one is better?
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Social recommendations and mentions

Hyperledger might be a bit more popular than BlockCypher. We know about 2 links to it since March 2021 and only 2 links to BlockCypher. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

BlockCypher mentions (2)

  • Wallet balance not correct?
    So I added old keys to MultiDoge and the wallets synced up but the balances show in MultiDoge doesn't seem to be correct. I've checked all addresses that I've added against blockcypher.com and it shows 0 balance on all but one which shows the same on Blockcypher and in MultiDoge. Is MultiDoge malfunctioning (Most likely I guess)? It shows that it's synced with the latest block. Source: almost 4 years ago
  • Bitcoin newbie - sent 2 transactions with too low a fee (non replaceable).
    Thanks for that - really helpful video. Looks like my only option is to wait it out and have the transaction bounced back, but what I can't understand is that the receiver reckons they have it, yet when I try and look at the transaction id in blockstream.info its not there, but does show up under blockcypher.com Anyway, its coming up to a couple of weeks soon so will see what happens. Source: over 4 years ago

Hyperledger mentions (2)

  • Do You Need a Blockchain?
    In my day job[0], I talk to a lot of start-up ventures about blockchain. Only one was honest enough to say they were only using it because, at the time, it was easier to get funding. [0]: https://hyperledger.org/. - Source: Hacker News / about 4 years ago
  • Ethereum Tech Used to Build a Smart Contract Platform for 5G Mobile Networks
    Ethereum is not just currency at its core, its a smart contract platform which is used to implement distributed consensus, where each participating party sign the result, with their consensus algorithm. Currency is a side effect. You can just remove the entire ETH/gas dependency on the base, to use the platform as a distributed ledger between all the participants. And use another kind of consensus algo(proof of... Source: about 4 years ago

What are some alternatives?

When comparing BlockCypher and Hyperledger, you can also consider the following products

Kaleido Blockchain Business Cloud - Create and manage enterprise private blockchain networks within minutes using Kaleido's platform. Our full-stack enterprise blockchain as a service and cloud integrations support your entire blockchain journey, from PoC to live production.

Ethereum - Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.

IBM MQ - IBM MQ is messaging middleware that simplifies and accelerates the integration of diverse applications and data across multiple platforms.

Stacks.co - A new internet for decentralized apps

Microsoft Azure - Windows Azure and SQL Azure enable you to build, host and scale applications in Microsoft datacenters.

Nxt Platform - Ardor is a cryptocurrency and blockchain technology platform with tools to build successful blockchain applications out of the box. Scalable and easy to use.

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