Enterprise ethereum

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Cost - The cost to operate a private chain is primarily reflected in labor to set up and manage the chain, and the servers to run it. While there is no cost to connect to Ethereum Mainnet, there is a gas cost for every transaction which must be paid for in ether.

Transaction relayers aka Gas Stations are being developed in order to eliminate the need for end users and even enterprises to directly use ether in their transactions. Some analyses have shown that the total cost to operate an application may be lower on Mainnet than running a private chain.

Node Permissioning - Only authorized nodes can join private chains. Anybody can set up a node on Ethereum Mainnet. Privacy - Access to data written to private chains can be controlled by restricting access to the network, and on a finer grained basis with access controls and private transactions.

All data written to Mainnet Layer 1 is viewable by anyone, so sensitive information should be stored and transmitted off-chain, or else encrypted. Design patterns that facilitate this are emerging e. Baseline, Aztec , as well as Layer 2 solutions that can keep data compartmentalized and off of Layer 1. Why build on Ethereum Mainnet Enterprises have been experimenting with blockchain technology since around , when the Hyperledger, Quorum, and Corda projects were launched.

The focus was largely on private permissioned enterprise blockchains, but starting in there has been a shift in thinking about public vs private blockchains for business applications. Sharing a common frame of reference among businesses avoids the unnecessary creation of numerous isolated silos which cannot communicate and share or synchronize information with each other.

Another development which is shifting the focus toward public blockchains is Layer 2. Layer 2 is primarily a scalability technology category which makes high throughput applications possible on public chains. But Layer 2 solutions can also address some of the other challenges that have driven enterprise developers to choose private chains in the past.

Enterprise developer resources Organizations Some collaborative efforts to make Ethereum enterprise friendly have been made by different organizations: Enterprise Ethereum Alliance EEA The EEA enables organizations to adopt and use Ethereum technology in their daily business operations. While this is true, the same codebase can also be leveraged to create a custom permissioned version where businesses can form private and consortium networks that may also connect to the public Ethereum network.

Organizations from a wide range of industries have built enterprise-production-ready applications on Enterprise Ethereum to realize benefits in the areas of lowering business costs, improving throughput, and providing private transactions. Another cost savings opportunity is in the transaction cost.

In Enterprise Ethereum, there is no cost and no cryptocurrency involved when making transactions. Quicker Throughput There have been some concerns with transactions per second when people discuss public blockchain networks.

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