## Ethereum Quorum
Ethereum Quorum is a decentralized, open-source blockchain platform based on the Ethereum protocol. It was created in 2016 to address some of the scalability and privacy issues inherent with public blockchains like Ethereum. Ethereum Quorum utilizes an advanced version of the popular consensus mechanism known as “Proof-of-Authority” (PoA) instead of proof of work or proof of stake for consensus validation. This allows for faster transaction speeds and greater scalability than traditional PoW/PoS models. Additionally, it features enhanced privacy through its use of zkSNARKs technology which provides users with verifiable anonymous transactions without compromising their sensitive data or funds being exposed publicly on the network.
The main goal behind creating this project was to provide businesses and enterprises a secure way to conduct business using blockchain technology while also providing them with high levels of security, performance, and governance capabilities that are necessary when dealing with large amounts capital investments or enterprise projects involving multiple stakeholders who need access to reliable information fast. As such, Etheruem Quorum has become one of the most widely used networks among corporate entities due to its robustness and flexibility compared to other options available in today’s market place.
In addition to providing these improved features over normal ethereum networks , developers can develop applications more quickly since they get access prebuilt smart contracts that have been tested by industry experts beforehand so they don’t have waste resources testing every single contract themselves when building their own application . Furthermore ,you can deploy private chain deployments allowing you not just control your nodes but also maintain 100% control over all elements related your infrastructure including node identity management from setup till running state etc making sure no unexpected changes occur within system . Lastly because it’s built off ethereum codebase there is plenty support material online along side official documentation helping make process much simpler even if you’re new space
