Software Alternatives, Accelerators & Startups
Register | Login

decRED VS Hyperledger

Compare decRED VS Hyperledger and see what are their differences

VisualVisitor
Consent-Based Identification of the Person Visiting Your Website Including First Name, Last Name, Email & 37 Other Data Points. Identify and Influence Your Engaged Website Visitors into Sales-Ready Leads – Before You Commit a Single Working Hour. featured
Contents:
  1. » Base Details
  2. » Videos
  3. » Reviews
  4. » Alternatives

decRED logo decRED

Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.

Hyperledger logo Hyperledger

Hyperledger is a multi-project open source collaborative effort hosted by The Linux Foundation, created to advance cross-industry blockchain technologies.
  • decRED Landing page
    Landing page //
    2022-10-23
  • Hyperledger Landing page
    Landing page //
    2023-09-26

decRED features and specs

No features have been listed yet.

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.

decRED videos

+ Add

Decred Review: Why DCR Deserves Attention!

More videos:

  • Review - Decred Review: What is DCR, the Decred Community, & Possible Challenges
  • Review - Coin Review - Decred (DCR)

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 decRED and Hyperledger)

decRED

Hyperledger

Cryptocurrencies
100 100%
Cryptocurrencies
0% 0
Cloud Infrastructure
0 0%
Cloud Infrastructure
100% 100
Business & Commerce
8 8%
Business & Commerce
92% 92
Cloud Computing
4 4%
Cloud Computing
96% 96

User comments

Share your experience with using decRED and Hyperledger. For example, how are they different and which one is better?
Log in or Post with

Social recommendations and mentions

Hyperledger might be a bit more popular than decRED. We know about 2 links to it since March 2021 and only 2 links to decRED. 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.

decRED mentions (2)

  • Decred Journal - October 2022
    This month in the journal, Decred gains a seat at the political table when our timestamping service is used to combat fake news. The development team release a series of updates for Decred Core, DCRDEX and decred.org. Source: over 2 years ago
  • Decred Journal - August 2022
    Decred Journal - August 2022 is out! Decred is in full build mode but where to start! An overhaul of the decred.org website? Politeia new release? A massive upgrade for DCRDEX? Or the many fixes and improvements... Don't wonder, read up! Https://www.decredmagazine.com/decred-journal-august-2022/. Source: over 2 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 / almost 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: almost 4 years ago

What are some alternatives?

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

Monero - Monero is a secure, private, untraceable currency. It is open-source and freely available to all.

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

Tron (TRX) - This cryptocurrency is a blockchain-based and decentralized protocol that has a goal to build a free and worldwide entertainment forum for everyone with the help of distributed storage and blockchain platform.

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

Litecoin - Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world.

BlockCypher - AWS for Block Chains

Loading...