Performance Evaluation of Ethereum and Hyperledger Fabric Blockchain Platforms
P. Abhishek, D. G. Narayan, H Altaf, P. Somashekar
Abstract
The evolution of blockchain has revolutionized the field of security and decentralization. Blockchain enables secure information storage and transfer because to its strong security features and the trust it offers. The users can have authenticity and trust because of the immutability. The two popular open-source blockchain platforms are Ethereum and Hyperledger Fabric. Ethereum is a public blockchain platform that enables secure peer-to-peer applications like crypto-currency and smart contracts. Ethereum has grown a reputation for dependability as a result of big developers taking an interest in it and contributing over time. Hyperledger is a permissioned blockchain platform used by enterprises to mainly induce the power of blockchain in creating immutable ledgers and keep transactions discrete among business entities. The effectiveness and scalability of both private and public networks must be evaluated and assessed. In this paper, we compare and analyse the performance of the hyperledger and ethereum networks. To further fine-tune the configuration parameters and comprehend the performance variances that occur, we developed real-time simulations and built blockchain networks on the Ubuntu OS. By changing the blockchain parameters, it was possible to measure the time it took to group the transactions into a block, the size of the overall block that comprises the bundled transactions, and the latency to construct the blocks. The findings show that when compared to public blockchain networks, private blockchain networks are more robust in performance, have lower latency, and charge no transaction fees