Enterprise Ethereum :How it Differs from DLT?

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Enterprise Ethereum How it Differs from DLT?

• You might have come across the concept of
  enterprise blockchain projects as it is now
  gaining more popularity each day. Numerous
  companies are collaborating with these business
  networks for streamlining shared business
  processes such as tracing real-world goods,
  managing data, and tracking transactions

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Understanding Enterprise Ethereum ?

• Ethereum, as most of us would already know, is a
  public blockchain that allows us to write codes
  to control money and build applications that are
  accessible from anywhere in the world. It is a
  public blockchain which allows application
  developers to pay using Ether (Ethereum's
  cryptocurrency) for services availed on the
  Ethereum blockchain.

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• An enterprise Ethereum is one where the Ethereum
  codebase is used by enterprises across the world
  to form business blockchain networks. While there
  is no single product called "Enterprise
  Ethereum," the term refers holistically to
  blockchains that are developed using modified
  Ethereum clients like Quorum and Pantheon. These
  address the specific needs of the enterprise,
  such as increased performance, scalability, and
  privacy, along with permissions and governance
  controls.

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• Another significant fact to note here is that
  enterprise Ethereum networks will not face the
  same privacy or scaling constraints as the public
  Ethereum. As the network size of enterprise
  Ethereum networks is smaller and the block sizes
  and the gas limits can be adjusted, it is
  possible to scale more transactions per second
  like other distributed ledger technologies (DLT).

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• Reasons for Ethereum Being More Than a DLT
• R3's Corda and Hyperledger Fabric are the other
  enterprise solutions that have gained popularity.
  Let us now understand the various features that
  make enterprise Ethereum the most powerful and
  versatile blockchain for business.

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• Enterprise Ethereum Can Access the Public
  Ethereum, the Most Developed and Secure
  Blockchain Platform in the World
• Enterprise Ethereum is faster due to increased
  participation. This is not the case with
  distributed ledger solutions. Right from 2015,
  many people have purchased millions of dollars of
  Ether on the public Ethereum.

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• Many developers have built more than 2,000
  decentralized applications on Ethereum. This is
  what makes Ethreum's public network the most
  advanced and tested blockchain platform in the
  world.

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• So, how does enterprise Ethereum benefit by
  developing on the public mainnet? Building on
  Ethereum will help enterprise solutions quickly
  adopt updates to Ethereum and benefit from the
  innovation of the ecosystem. It offers them an
  active and vast high-value public blockchain and
  all the elements of its ecosystem.

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• 2. Enterprise Ethereum Can Be Rapidly Deployed
  and has the Lowest Cost Business Model
• The open-source and flexible codebase of Ethereum
  helps enterprise Ethereum have a low-cost
  business model as it eradicates dependence on a
  single large solutions provider whose business
  model focuses on upselling and feeding on deep
  dependencies cloud and consulting services.

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• Private, permission Ethereum networks can be set
  up within weeks when compared to other solutions
  that are difficult to maintain. New business
  solutions are constantly launching like Kaleido's
  blockchain business cloud, which is an example of
  a SaaS platform to build and run enterprise
  blockchain solutions.

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• 3. It Offers the Largest Enterprise Ecosystem
• Ethereum is the most active technical blockchain
  community across the globe, with more than 2,000
  decentralized applications and more than 300K
  infrastructure experts and developers. The
  enterprise and consumer arenas of Ethereum are
  developing standards to guide regulation and
  promote interoperability for the future success
  of the blockchain.

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• 4. Enterprise Ethereum Helps Future-Proof
  Companies
• Future-proofing is the concept of protecting
  companies against obsolescence. For enterprise
  Ethereum solutions, future-proofing can be
  applied to three things, namely your company's
  data, your company, and Ethereum itself.
  Future-proofing can also mean the actual
  functioning of a blockchain. A blockchain helps
  keep data safe, immutable, and future-proofed.
  Decision-makers may even define future-proofing
  as mitigating risk to ensure prolonged success
  for their businesses.

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• Conclusion
• I hope you have now understood the aspects in
  which an Enterprise Ethereum can be considered to
  be more than a distributed ledger technology. To
  become an Ethereum expert and get instant updates
  about blockchain certifications, check out
  Blockchain Council.

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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