The importance of blockchain is growing every day. Blockchain first appeared as Bitcoin in 2009, but it is now a widely used technology. Today, blockchain technology is used for many other purposes besides bitcoin. It is utilized in a variety of domains, including supply chains, logistics, healthcare technology, and many more. It was created to establish effective and open business processes. Experts predict that by 2025, the market for blockchain technology would be worth 39.7 billion USD. The demand for blockchain systems is rising as a result of this extraordinary growth. The top 10 blockchain platforms will be covered in this article so you may use them to develop a blockchain-based ecosystem quickly and effectively.
IBM Blockchain
IBM is the first company to employ blockchain technology to build transparent and effective business processes. The IBM blockchain platform is a well-liked platform. This platform offers a full-stack, managed blockchain-as-a-service that enables users to deploy their blockchain components in a setting of their choice. By utilizing this IBM blockchain platform, users can build, utilize, and expand their blockchain network.
key element
- Users can try it out for free for 30 days.
- It is linked to the free Kubernetes cluster on the IBM cloud.
- It is a community-based, open-source platform.
- It provides a network of permissions.
- The programming languages Go and Java are supported by this platform.
Steller
A payment protocol based on digital money technology is called Stellar. Every day, it manages millions of transactions. It allows for instant cross-border payments between any two currencies. In a few ways, it is similar to other blockchain-based currencies. On the other side, Stellar.org, also known as the Stellar Development Foundation, is a nonprofit organization devoted to the promotion of the Stellar system’s tools, social projects, and financial inclusion. The Stellar network’s programming is created by the stellar team. The software, however, is independent of the business. Additionally, it offers the advantages of creating, exchanging, and transferring digital versions of various types of currency, including dollars, bitcoin, pesos, and many more.
key attributes
- The database on this platform is decentralized and open.
- The confirmation of transactions takes around two to three seconds.
- Multisignature and smart contracts are supported by Steller.
- It has a fixed annual inflation rate of 1%.
Tron
Blockchain-based operating systems like Tron are well-known. Users may primarily swap media assets and create decentralized apps because of it. To gain access to particular operating software capabilities, the TRX currency is used. As a result, the token’s main use case is for the Tron network. Tron was developed with a single objective in mind: to help content creators get paid more fairly for their work. One of the principles upon which the platform is built is that all information posted on the forum is public and not subject to the control of any one entity. In exchange for their labor, content creators can receive digital assets like the TRX currency or other currencies backed by TRX.
key attributes
- This high-performance platform can process 2000 transactions per second.
- Users benefit from its high throughput and scalability.
- It offers functionality for multi-language extensions.
- It offers the benefit of getting rid of fake chains.
Corda
A well-known open-source blockchain project for business, Corda. Corda can build connected blockchain networks that make it possible to conduct secure and private transactions. It is a cutting-edge contract platform. It enables businesses to work together smoothly. Instead of requiring participants to double-check their transactions after engaging with one another, it enables businesses to maintain track of transaction operations in a shared ledger. It is mostly utilized in the finance, health, and construction industries.
key attributes
- Improved security is offered.
- This platform is adaptable and quick.
- A blockchain platform that supports open design and development processes is available.
Tezos
Arthur Breitman and Kathleen Breitman founded Tezos. It is intended to deliver secure and accurate code for high-value cases and digital assets. It is an open-source blockchain platform that is used to build decentralized blockchain networks all over the world. It does peer-to-peer transactions and can send out intelligent contacts. It’s an autonomous blockchain platform. Tezos is distinct from all other blockchain platforms thanks to its self-amending cryptography technology.
key attributes
- The self-amendment protocol is how it functions.
- It provides delegated proof of the on-chain governance system and the stake consensus mechanism.
- It has formal verification and smart contracts.
Ethereum
These days, the most popular blockchain platform is Ethereum, commonly known as ETH. It enables users to develop games, bitcoin wallets, decentralized markets, innovative financial apps, and much more. This platform’s primary goal is to block third parties from accessing data that is saved for future financial instrument tracking. The largest community of cypherpunks, mining companies, crypto-economic researchers, and core protocol developers is found in Ethereum.
key attributes
- Rapid deployment is a benefit of this platform.
- It is Turing complete and supports Smart Contracts.
- It offers the tokenization function.
- It is based on the proof-to-work principle.
- supports the programming languages Python and C++.
Multichain
An open-source variation of Bitcoin is called MultiChain. It is easy to use and can be used to build both open and private customized blockchains. It includes a well-designed combination of features as well as improvements targeted toward business and commercial users. The storage of larger quantities of random information and compatibility with local assets both seem promising. A different but unique approach is consensus-based permit administration for consortial blockchains. This should be done before running multichain for the first time because parameters cannot be changed once the network has been fully built. The chain could be customized by editing a simple text file created by a multichain-util.
key attributes
- The blockchain contains a vast amount of tracked and validated assets that may be utilized to conduct secure transactions involving multiple assets and parties.
- It is perfect for timestamping, encrypted archiving, data streaming, and data sharing.
- It adheres to Github.
- supports the programming languages C, C++, Python, and JavaScript.
EOS
A popular blockchain platform is EOS. Applications that are scalable and secure are developed using it. It offers the user the option to host dApps and employ smart contracts. Additionally, it offers decentralized business storage options, which aid users in resolving scalability problems with Ethereum or Bitcoin.
key attributes
- It offers greater governance and usability.
- It is multiprocessing compatible.
- Users of this platform benefit from its flexibility, measurability, and upgradeability.
- It has a schema for permissions.
Hyperledger Fabric
It is a platform for developing solutions and apps with a modular architecture. It has consensus and membership services. It features a huge selection of modular and adaptable designs that may be applied to several industrial applications. A network of networks may be enabled by it. On this platform, users of the fabric network can collaborate via the network. The user is given a safe and scalable infrastructure by Hyperledger Fabric to support their private contracts and transactions.
key attributes
- This platform is very modular and has a short finality latency.
- Both EVM and Solidity are supported.
- Intelligent contracts in multiple languages are supported.
- It has queryable data and pluggable consensus.
Open-chain
It is a blockchain platform that is open source. It is made to manage digital assets in a scalable, secure, and resilient way. Every instance of its partitioned consensus algorithm has a single authority for legitimate transactions. This platform is more effective and dependable because it is built using a client-server architecture. The open-chain blockchain network offers direct, open, and immediate transactions because there is no miner participation.
key attributes
- It permits free transactions and has a modular design.
- It can scale up very well.
- The gates establish two-way pegging.
- It offers a uniform API and intelligent contracts functionality.
Quorum
J.P. Morgan created Quorum in 2015 to handle use cases requiring high speed as well as the growing execution of confidential transactions with a highly secure community of people. Quorum runs on Ethereum. Quorum is designed to advance along with Ethereum. According to how smart contracts and other networks are configured, it does not use the Proof of Work (PoW) consensus process, instead depending on vote-based and other techniques to carry out thousands of activities per second. Since Quorum only modifies a small portion of Ethereum’s core, it can handle the majority of Ethereum modifications quickly and effectively.
key attributes
- able to manage a lot of Ethereum changes quickly.
- Working is quite effective.
Hyperledger Sawtooth
Another open-source blockchain project, Hyperledger Sawtooth, was created in collaboration with the Linux Foundation and uses a novel Proof of Elapsed Time consensus algorithm. This new approach enables “trusted execution environments” of program code to run in secure fortresses and encrypted regions of computer memory in conjunction with hardware-based safety measures technologies.
The most common uses, according to Shawn Amundson, CTO of Bitwise IO and developer of Hyperledger Sawtooth, include building supply chain activities and modifying Sawtooth for technical reasons, including new consensus methods. A Sawtooth Library is being created to enable developers of specialized distributed ledgers to pick and choose which Sawtooth components to use in their programs. Additionally, Sawtooth is incorporating Splinter for networking.
This Splinter will enable dynamic private networks (a collection of nodes), Hyperledger Transact for transactional execution, which will enhance novel contract features, and Augrim for consensus, which will further expand the pool of algorithms that are now available.
key attributes
- Permit users to code with Sawtooth Library.
- provides networks with Splinter.
