Blockchain protocols

Discover key facts and figures about major blockchain protocols that are empowering transformations across industries.

A global open-source platform for decentralized applications. Write smart contracts that control digital value, run exactly as programmed, and are accessible anywhere in the world.

Explore the features

Global event	Devcon
Consensus	Proof of Work (PoW)
Public / Private / Permissioned	Public
Smart contracts	Yes
Smart contract language(s) supported	Solidity, Vyper
Transaction privacy	No
Transaction visibility	All participants have access to all entries ever recorded.
Transaction ordering	All participants must reach consensus over the order of all transactions that have taken place, irrespective of whether a participant has taken part in a particular transaction or not.
Version	Geth 1.9.25

Fault tolerance

PoW is vulnerable to a “51% attack”. Whoever has 51 percent or more of the network’s computing power can manipulate the blockchain to their advantage.

Performance

Performance on public blockchains utilizing PoW are orders of magnitude less than permissioned or private blockchains running other consensus protocols.

Suggestions for use with consortia

Use Ethereum:

to anchor private blockchain data
for cryptocurrency mining/exchanges
to publish transactions for the public to view

Industry use case

Token securitization, land registries, token-enabled marketplaces, standardized data, digital identity, certifications (e.g. academic, birth), notarization.

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