Truffle Is Set To Release Development Tools For 3 New Networks; Hyperledger, Tezos, R3’s Corda

Truffle, a popular company that creates dev tools for Ethereum and was backed by the Ethereum accelerator ConsenSys has decided to branch out. Now, the company will no longer be limited to releasing tools for ETH developers.

According to the new announcement made by the company, three new blockchain networks are set to receive development kits as well. The CEO of the company, Tim Coulter, has decided to make the official announcement on TruffleCon, an important conference in Seattle that is focused on the products of the company.

Coulter affirmed that Hyperledger Fabric, R3’s Corda and Tezos will all receive development tools soon and that Ethereum will cease to be the only focus of the group.

Truffle’s vice president and head of global strategies Wesley McVay also present at the conference. He affirmed that they were proud to celebrate again. Last year, they announced that the company had just been able to reach a total of one million downloads. This year, they were proud to announce the new integrations of the product.

If Ethereum was all about open-source development, now the focus of the company may vary a bit. Both Corda and Hyperledger Fabric are very important blockchains which are focused on enterprises.

These platforms were created by big consortiums which were focused on catering to a new market: companies seeking to offer blockchain-related products. They are backed by giants of the technology such as IBM and have a completely different focus than Ethereum.

Tezos, on the other hand, is somewhat more similar to what Truffle was offering with ETH. Tezos is a public blockchain network that currently has a market cap of around one billion dollars. Major companies are developing on top of the technology, which also makes it another interesting choice for developers.

Integration Is The Future

According to Brian Behlendorf, the executive director of Hyperledger, Truffle is making an important advancement for communities which used to be divided before. According to him, by releasing this set of tools for developers, the communities that will be helped by Truffle will be ready for better integration.

He also affirmed that this can be seen as a huge step for compatibility and interoperability between the different protocols. This can bring better smart contracts to the market and ultimately benefit both the Hyperledger and Ethereum developers at the same time.

Truffle’s representatives have also spoken about interoperability as one of the goals of the company. With over 3.4 downloads of its Ethereum-based project, the company is set to grow a lot more by integrating different technologies.

According to the company, the goal for the future is to let developers use their tools to start developing for whatever network they want and then integrate their protocols.

Integration seems, in fact, to be the trend of the future. A recent gaming project called Blockade Games has just started to create a bridge between the Bitcoin Lightning Network and Ethereum, for instance, and it seems that this is just the start. More and more projects are bound to be integrated in the near future, connecting what were once very distinct and unrelated projects.

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Gabriel Machadohttps://bitcoinexchangeguide.com/
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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