Hyperledger welcomes its first public blockchain Ethereum

Hyperledger welcomes its first public blockchain after a unanimous vote to induct Ethereum client “Pantheon” on its network.

The decision was made by the Hyperledger technical steering committee after a heated detailing session. PegaSys’ Ethereum client Pantheonwill be renamed as Hyperledger “Besu.” Besu is the Japanese term that means base or foundation.

According to PegaSys the name suits the network perfectly as blockchain networks act as foundations to other applications. Applications are built on the blockchain networks and hence operate on a decentralized network. Moreover, PegaSys wants blockchain to act as a foundation of trust in “modern IT architectures.”

Pantheon, an open-sourced Ethereum client written in Java, is licensed under Apache 2.0. The purpose of Pantheon was to ensure that developers can deal with all complex aspects of a decentralized ledger, including consensus algorithm and networking.

Pantheon spent five years in the “wilderness” before being integrated into the Hyperledger. According to PegaSys, this move was a huge milestone for both “open source collaboration in the enterprise blockchain” as well as the adoption of the Ethereum network.

Hyperledger will take things higher for the rebranded Ethereum client by exposing it to a whole new ecosystem. Pantheon or Besu will be able to benefit from Hyperledger support, developer certifications as well as ease of integration into existing codebases. Moreover, Besu will have access to huge enterprise companies.

According to Hyperledger executive director, Brian Behlendorf, this is a huge leap for public blockchain integration with private blockchains. Moreover, he stated that Hyperledger’s initial purpose was to prove the idea of enterprise blockchain and now that it has been proven Hyperledger sees massive success.

Our latest Ethereum price analysis can be read here.