Hyperledger Sawtooth Lake

Introduction to blockchain has created so many paths for the future about technologies. It has power, potential and cost effectivness to change thing very quickly. But since blockchain has been introduced it serves maily to create ledgers(collection on accounts) like crypcurrencies. But one want to use this powerful technologies for futher uses like real life business but due to its model blockchain alone seems to be very far to acheive this. So technology giant like IBM and blockchain community came together to overcome this challenge. They have introduces conecept called hyperledger.

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Hyperledger is a community which works for the blockchain for business. They have created serval modules of blockchain implementation for different purposes. They are given below

1.  Hyperledger Sawtooth
2.  Hyperledger Iroha
3.  Hyperledger Fabric
4.  Hyperledger Burrow
5.  Hyperledger Indy 

These are also called hyperledger frameworks. These framework serves for the different purposes. One can choose between these according to there requirement and enchance the feature and funcationlity.

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What is Hyperledger Sawtooth?

Hyerledger sawtooth is modular plateform for the deploying, running and building the distributed ledger. Means Sawtooth is a hyperledger platefrom which allows us to build and run the blockchain application which has support for the distributed ledgers. Blockchain is a single ledger technology but hyperledger is multiple ledger technology.

Sawtooth novel consensus algorithm, Proof of Elapsed Time (PoET) with minimal resources consumption.

We can understand these terms better in following section.

 Consensus 

Consensus is a group that approves transaction in system that is done by the end users. These are peer which allows transaction to flow thorugh the system. For example we can think of the Group of managers who approves operation of the team members.

Proof of Elapsed Time (PoET)

This is a protocal that is used create the fair consensus models, which mainly focuses on the efficency. It revolves around distributing leader electiontion process across the largest amount(possible) of network peers. Moreover, the cost of controlling this process should be proportional to the value gained from the same process. This means people need to invest time and possibly money – if they feel they can move the ecosystem in a particular direction and shape. All participants(users) need to verify the leader was selected lawful manner.

Hyperledger Sawtooth can be understand from the finshing example.

Hyperledger commuinity has made life very simple for the developer to make amazing application and life easy to make, draw, execute something that resembles the real life problems.

Hyperledger Sawtooth start seed can download from here: https://github.com/hyperledger/sawtooth-core

We at oodles doing continues research over the hyerledger projects and have made some very usefull applications. In combination to that we are  also reseaching and contributing to Interledger projects and exchanges. We would love to create something for your business needs. Write us on [email protected].

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