what is the Hyper ledger fabric

A permissioned blockchain framework that provides an enterprise-grade foundation for transactional applications
A shared ledger that supports smart contracts-ensures the security and integrity of recorded transactions
Unlike bitcoin and ethereum, hyper ledger fabric supports privacy and confidential transactions.
Then there is one interesting platform to implement this kind of permission model of blockchain and this kind of permission model of blockchain, which is nowadays very important for the industry perspective to implement different kinds of business applications.

a permission blockchain framework, it provides an enterprise-grade foundation for transactional applications. So, hyper ledger fabric is a permission blockchain framework. So, it contains a shared ledger that supports smart contracts and ensures the security and integrity of the recorded transactions. Now this concept of the hyper ledger fabric platform is little different from Bitcoin and ethereum.

Ethereum is another platform for implementing blockchain applications. So, using the ethereum platform you can implement decentralized applications or they are called apps. So, you can implement your own apps using an ethereum platform.

the concept of hyper ledger fabric lists little different from Bitcoin and ethereum, in comparison with Bitcoin and ethereum hyperledger fabric it supports strong privacy and confidentiality of the transactions which is not supported in case of Bitcoin or ethereum.

Fabric support the notion of channels, a “subnet” of peers within the network that wants to share information confidentially
Gives restricted visibility-important for business applications
The fabric has no notion of mining use the notion of distributed consensus under a closed environment
Another interesting feature of hyper ledger fabric is that it supports the notion of channels. Channel you can think of is a subset of peers within the network who wants to share the information confidentially.

that is important for the business perfective in case of business perfective, everyone should not have the same feasibility of the data. Some group of users or some group of peers has one level of feasibility, some other lev group of peers has some other level of feasibility.

Say one group of people can see some 10 files, another group of people can see some 20 other files. So, using this concept of the channel inside hyper ledger fabric, you can implement this kind of architecture where you can provide or you can support this kind of partial visibility or restricted visibility, which is very important for business applications or for the smart

contract applications.

Now, from the consensus perspective, because it is a closed environment or it is a permission environment. So, the fabric does not have any notion of mining ah rather it is used a notion of this standard distributed consensus algorithm under a closed environment.read more