TokenSoft Crypto Coin SaaS Platform Adds HyperLedger Sawtooth Support


TokenSoft Platform Adds Support for HyperLedger Sawtooth

Following the recent implementation of blockchain issuances on R3 Corda and Stellar, TokenSoft has now declared its official support for HyperLedger Sawtooth.

TokenSoft is a coin issuance platform and treasury management solution for compliant and secure token sales. They provide the tools necessary to run a token sale. By using the SaaS platform, clients have access to the essential tools needed to undergo a Regulation D or a similar token sale.

HyperLedger Sawtooth is a modular platform for deploying, building, and running distributed ledgers. These distributed ledgers offer a digital record like asset ownership that requires no implementation or a central authority.

Through the HyperLedger Sawtooth network, which has by now been adopted by tech giants like T-Mobile, Amazon, Huawei, and Intel, clients on the TokenSoft platform can now issue their assets effectively.

What Are The Benefits Of HyperLedger Sawtooth?

Scalability and Features

HyperLedger Sawtooth is highly accessible due to its exceptional consensus mechanism. The mechanism is known as Proof of Elapsed Time or (PoET).

PoET enables the processing of up to a maximum quantity of 1300 transactions per second. The higher transaction output achieved by PoET is one of the primary keys to enterprise adoption.

Most large establishments have large volumes of data that need processing at a rapid clip. These kinds of institutions stand to benefit from such enterprise-grade features of HyperLedger Sawtooth greatly.

HyperLedger Sawtooth also allows for the use of adjustable permissions. The modifying permissions will enable issuers to decide and control on who can participate in the network.

Having control on who is eligible to take part in the network, is an essential feature for enterprises as they can choose whoever they deem fit.

Sawtooth Seth Supports the Ethereum Interface

Another great feature of HyperLedger Sawtooth is its compatibility with Ethereum smart contracts. Due to its compatibility, Ethereum standards ERC-20 can be used. It is also beneficial in that, it also allows for Ethereum ecosystem and Sawtooth projects to interoperate.

HyperLedger Sawtooth also consists of a user-friendly developer interface built around the Ethereum software tools. The interface makes the programming environment familiar and understandable.

HyperLedger Sawtooth Offers Flexible Smart Contract Support

The HyperLedger platform offers to back users by enabling contract developers to write their smart contracts in various languages. These languages include Python, JavaScript, and Go.

The smart contract developers can now do their best work of coding in whichever language they are most comfortable and familiar with.

By incorporating this language feature, the developers can maximize on their talent and work to the very best of their ability.

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