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Principles of Hyperledger Design

Hyperledger is referred to as an open-source project to develop blockchain applications or records. It is built using the Go developing language. It delivers a variety of frameworks, standards, models, and tools to build a P2P network. Its applications are in the department of finance, IoT, manufacturing, Information technology, etc. It is divided into two parts: tools and frameworks.

The article focuses on discussing the following principles of hyperledger design:



  1. Modular.
  2. Interoperability.
  3. Highly Secure.
  4. Cryptocurrency-agnostic.
  5. Easy To Use APIs.
  6. Scalability
  7. Governanace

Let’s discuss each of these hyperledger design principles in detail.

Principles of Hyperledger Design:

1. Modular: This principle defines that there should be modularity in all components of all frameworks. The following are some of the components of hyperledger projects:



2. Interoperability: This principle is concerned with the backward interoperability and not the interoperability between the various hyperledger project-powered blockchain networks.

3. Highly secure: This principle focuses on security and not just on the crypto abstraction but the communication between network components and the structure that directs the permission nature of permissioned blockchains. 

4. Crypto-asset agnostic approach: Hyperledger projects don’t use crypto-assets, tokens, cryptocurrency, or coins as incentive mechanisms to establish a trust system.

5. Easy To Use APIs: The focus of this principle is to ensure that the blockchain systems have access to business networks, new systems, and existing participants without exposing the details of blockchain-powered business networks.

6. Scalability: Hyperledger is designed to be highly scalable, with the ability to handle large numbers of transactions per second. This makes it well-suited for enterprise applications that require high throughput and low latency.

7. Governance: Hyperledger has a strong focus on governance, with a set of rules and procedures that govern how the platform is developed, maintained, and updated. This helps to ensure that the platform remains secure and reliable over time.

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