Blockchain development appears to be rapidly gaining traction. Bitcoin technology, which initially surfaced in 2009, has grown in popularity. Supply chain management, legal, healthcare, logistics, and other fields might all benefit from blockchain. The purpose of blockchain applications is to make business operations more efficient and transparent.
As organizations begin to explore blockchain possibilities by developing blockchain apps, the need for blockchain platforms is increasing. The worldwide blockchain business is expected to grow at a CAGR of 67.3 percent from USD 3.0 billion in 2020 to USD 39.7 billion in 2025, according to one of the surveys. In this blog, we are covering a list of the top 10 blockchain platforms to know.
The Top 10 Blockchain Platforms
Tezos is a decentralized, open-source blockchain network that allows users to create smart contracts and conduct peer-to-peer transactions. Because of its modular architecture and formal upgrading mechanism, its network can support formal verification.
Arthur and Kathleen Breitman established Tezos in order to provide the security and code accuracy needed for digital assets and high-value use cases. It’s a self-governing, decentralized blockchain network.
The Tezos platform provides a number of features.
- procedure for self-amendment
- Delegated on-chain governance Mechanism for proof of stake consensus
Ethereum, or Ether, is a popular blockchain platform with its own cryptocurrency. Ethereum is used by developers to create new financial apps, decentralized markets, games, cryptocurrency markets, and other applications. Its goal is to get rid of third-party websites that can save data and keep track of financial instruments through the internet.
Hyperledger fabric is a feature that may be used to create modular apps and solutions. Membership services and consensus are examples of plug-and-play components. Because of its modular and adjustable architecture, it can be used in a variety of industrial applications.
The ability of the Hyperledger fabric to create a network of networks is one of its most important features. Fabric network members cooperate, but some data must be kept private.
Stellar is a decentralized blockchain network for storing and transferring money. It enables you to create, exchange, and transmit digital representations of any currency, including dollars, pesos, bitcoin, and a variety of others. More than 69 percent of banks are experimenting with blockchain technology to improve the transparency, consistency, and security of their services.
Stellar is a large-scale blockchain platform that can help with the development of secure and fast fintech applications, tokens, and digital assets that represent financial assets.
EOS is a blockchain platform that allows developers to create scalable and secure decentralized apps. To address Ethereum and Bitcoin scaling issues, it provides dApp hosting, smart contract capabilities, and decentralized storage of enterprise solutions.
To reduce all user expenses and reach consensus, the EOS platform employs multithreading and delegated proof of stake technologies. In the “EOS forum,” a specialized community, developers and investors can discuss the platform.
Corda is an open-source blockchain technology that uses smart contracts to allow businesses to transact in perfect anonymity. Streamlining business processes reduces record-keeping and transaction costs.
It’s a quick-to-adapt platform that can scale to meet changing business requirements. CorDapps are Corda-based applications that are designed to change the way businesses are done in a range of industries, including insurance, energy, finance, and more.
Ground X, the blockchain division of South Korean social media giant Kakao, has launched Klaytn, a global public blockchain platform. Klaytn blockchain is a feasible enterprise blockchain solution thanks to its modular network architecture.
Klaytn’s business-friendly environment is made up of self-contained sub-networks known as service chains. Due to the flexibility and customizability of these service chains, Klaytn can be used to create any online service. Activities based on gambling or financial speculation, on the other hand, are prohibited.
Tron is a blockchain platform that aims to establish a decentralized internet. Tron enables dApp developers to create and use entire protocols based on Ethereum’s blockchain smart contracts. When compared to large payment processors such as PayPal, the Tron platform is capable of processing 2000 transactions per second.
There are no fees associated with transactions. To secure the blockchain, Tron employs a delegated Proof of Stake consensus procedure. A delegated proof of stake (DPoS) is a consensus method that allows users to earn passive income by staking their assets in a network wallet.
Hedera Hashgraph is a lightning-fast, safe, and transparent platform that doesn’t rely on a complicated proof-of-work algorithm.
It can be used by developers to create new decentralized applications that are both unique and scalable.
On the Hedera Hashgraph platform, smart contracts can be developed dynamically just like any other software com
The XDC network combines the functionality of public and private blockchains via cross-chain smart contracts to create a ready enterprise-grade hybrid blockchain for finance and global commerce. The XDC token is the platform’s native token. XDC is an EVM-compatible platform that allows developers to easily install Ethereum smart contracts on the XDC network.
XDC will use the world’s fastest and most energy-efficient consensus protocol. It uses a delegated Proof of Stake (XDPoS) system with a stakeholder approval voting mechanism.
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