Pantheon by ConsenSys PegaSys is a new Ethereum software created for companies


Pantheon by ConsenSys PegaSys is a new Ethereum software created for companies

New software for companies is on the market. Coindesk reported that Pantheon, a suite of ETH-based services created by PegaSys, which has a team of 50 people working together with the Ethereum studio ConsenSys is creating this new technology, which will use the Apache 2.0 and Java open source software license.

The idea was to create a service that was easy to program and that would have more freedom than the general public license (GPL), which is more widely used, could give. This could help companies to possess and monetize the intellectual property they are able to create using the system.

PegaSys strategy leader, Faisal Khan, said that the use of LPG in production is a bad idea because most legal departments would block the development of the program as it would cause many problems.

Pantheon Core

The main idea behind Pantheon Core was to create a new client that companies could use to make a profit from Ethereum's public blockchain while using the standards created by the Enterprise Ethereum Alliance (EEA).

Pantheon Core it was released today, October 30, at DevCon. The tool will be compatible with the API (Application Programming Interface) and the Ethereum virtual machine. In addition, it will be compatible with software such as Geth and Parity, both of which are popular in the Ethereum blockchain.

The full version will be completed with new features added to the new year such as improved privacy and permission checks, both important for banks and other financial agencies. It has also been reported that the company will work together with JP Morgan, a well-known Wall Street bank, to better understand the banking sector.

The power of Apache 2.0

This is not the first time that Apache is targeted as a way to turn the Ethereum into something with a more permissive license. For example, when Hyperledger was creating his technology, he wanted to embed Apache, but the final version did not use it, but instead used the Burrow blockchain.

While Khan agrees that Sawtooth and Burrow were, indeed, very important, he believes Apache could push forward the potential of Ethereum's blockchain and this is the main reason why he decided to start using this technology. In fact, the company wanted to provide alternatives to the system.

According to Khan, people can use the Apache license to give other people the ability to create a module that can be integrated with others and even monetized, a model in which a business can be created around.

Interoperability is the key

However, Pantheon Core it will be more than just an Ethereum client using Apache, it is focused on being fully interoperable with other Ethereum technologies. This is a key, Khan says, because you will get a lot in the future if you create a technology that thinks about the future. With so much technology being developed all the time, being connected to others is a big boost.

C & # 39; is, as Peter Szilagyi has pointed out, of the Ethereum Foundation, a cemetery of ETH customers. Haskell, Ruby, C ++ and others died. Geth and Parity, however, are alive.

To be alive, Khan believes the system needs good technology that can connect with other protocols.

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