Hyperledger on its way to ICOs

Home » ICO RATING » Hyperledger on its way to ICOs
Hyperledger on its way to ICOs

The Hyperledger launched by Linux Foundation in 2015 as an umbrella project to facilitate collective development of distributed ledgers based on blockchain is now about to open its code for more sophisticated utilization. This summer the Sovrin Foundation that created Hyperledger Indy codebase for DI management and electronic authentication is going to be a pioneer in raising money through issuing a crypto token powered by the consortium’s code. Sovrin donated the code to Hyperledger to extend the developer community and now the Foundation is precisely moving through a promise set out in a white paper in 2017.

The item might astonish those who follow the project since it was started. Long before there was even some mess that Hyperledger was developing its own cryptocurrency. On this occasion, Brian Behlendorf, the director of the project, declared that the Hyperledger is not going to develop it. However, conducting more transparent ICOs on the codebases of Hyperledger consortium intensively discussed before.

This time the executive director of Hyperledger reported that at least a few projects are thinking about issuing tokens using multiple codebases supervised by the consortium. Among them there are Intel’s Sawtooth and IBM’s Fabric. Behlendorf also claimed that in the abstract they could utilize standards developed in the Ethereum community creating tokens over other ledgers. And the big question is whether financial institutions can overcome occasional disfavors with global regulators and integrate the tool – especially with distributed ledger consortium R3 and dotty testing of Hyperledger Indy across loyal banks. Dr. Windley, the chair of the Sovrin Foundation, believes that banks won’t have troubles with a crypto token, even if they use it to pay different banks in order to promote a more stable business process. He is convinced that the token utilization will save them from doing a lot of work themselves.

Sovrin also considers tokens as an essential component to its distributed identity network that can offer a better functionality comparing with a permissioned blockchain. According to the concept, any identity verification request will cost some formal amount that will be paid in token. Higher worth requests will cost more and engage the network to verify the information.

So far, the only way to pay for such service is traditional payment means, however, this method is too complicated and creates limitations for the market. Dr. Windley says that in the near future it will be pretty native for protocols to have tokens on them.

  • bitcoinBitcoin$5,393.66
  • ethereumEthereum$181.89
  • rippleXRP$0.358102
  • tetherTether$1.00
  • eosEOS$5.86
  • stellarStellar$0.128273
  • litecoinLitecoin$89.87
  • cardanoCardano$0.091211
  • tronTRON$0.030485
  • moneroMonero$71.23
  • iotaIOTA$0.355587
  • nemNEM$0.073962
  • dashDash$131.88
  • neoNEO$12.63
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 47
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 46
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 44
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 42
© 2017–2018