10 Most Popular Blockchain Platforms You Should Know About
Published On : September 16, 2022 Category(s) : Blockchain
Blockchains are revolutionizing the world in which we live and work, and they do so in many different ways. As with any new technology, especially ones as promising as blockchains, it can be difficult to keep track of all the new changes coming out each week. It is a growing industry, with more and more people using their blockchain platform to create new dApps and raise money via ICOs (Initial Coin Offerings).
But which blockchains platforms are the most popular? Here’s a look at the 10 most popular blockchains platforms you should know about. For this list, we’ll be looking at both public blockchains platforms as well as private blockchains platforms that have been popular in the past year or so. This list will also include different variations of blockchain like Ethereum, NEO, EOS, etc. (Top Blockchain Platforms)
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What are Blockchains Platforms and why they’re Crucial?
A blockchain platform is a digital ledger that allows data to be stored and exchanged. This data can be anything from financial transactions to medical records. The key feature of a blockchain platform is that it is decentralized, meaning it is not controlled by any one entity. This makes it more secure and transparent than traditional ledgers.
1) Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
2) Matic
Matic is a Layer 2 scaling solution that uses an adapted version of the Plasma framework to provide scalability and security for Ethereum. Matic’s primary goal is to enable faster transactions while still maintaining decentralization and security.
Matic has been battle-tested and used by some of the largest projects in the world. It was first tested by OmiseGo, who launched a beta product on its platform earlier this year. Matic will be fully open sourced soon, with the goal of being one of the most competitive platforms on which developers can build decentralized applications.
3) Polkadot
Polkadot is a sharded blockchain protocol that enables cross-chain transfers of any type of data or asset. It’s one of the most popular blockchains platforms and allows for scalability, governance, and Parachains. Polkadot is unique in that it doesn’t have a single central authority, but rather a web of interconnected nodes. This makes it more resistant to attack and censorship.
In essence, Polkadot helps to bring all other blockchains together as peers and facilitates true interoperability between them. To accomplish this lofty goal, the project has taken on a number of ambitious projects such as Cosmos (a scalable modular network with an integrated token), Rust SDK (a safe language for developing smart contracts), Substrate (a framework for integrating smart contracts into higher level languages) and Pinata (decentralized package manager).
The next big milestone for Polkadot will be its implementation through its first child chain called Parachain. When launched Parachain will serve as a proof-of-concept chain where validators can test functionality while ensuring they don’t risk assets by being too involved in development activities.
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4) Solana
Solana is a high-performance blockchain platform that supports fast transactions and scalability. The platform is designed to be secure, scalable, and energy-efficient. Solana uses a unique consensus algorithm called Proof of History, which allows it to process transactions quickly and securely.
The platform also offers a number of features that make it attractive to developers, such as smart contracts, decentralized applications, and tokenization. Developers can build DApps on the platform in the form of Turing complete languages such as C, C++, Rust, or Go.
5) Fantom
Fantom is a DAG-based smart contract platform that is scalable, secure, and feeless. Its unique consensus algorithm, known as Opera, enables Fantom to process transactions quickly and efficiently.
Plus, Fantom is compatible with both Ethereum and EOS smart contracts. In the future, this means that developers will be able to code their dApps using their preferred programming language (JavaScript or Kotlin) without having to translate it into the required languages for these two platforms.
Fantom offers some very interesting features for dApp developers: it has low fees for sending assets and an infinite number of storage nodes which can be used by developers without cost.
There are no major exchanges where you can buy FANTOM at the moment; however, it’s possible that exchanges will list FANTOM soon as more people start using this crypto project.
6) Linkchain
Linkchain is a decentralized platform that allows for the creation and management of digital assets. The platform is based on the blockchain technology and utilizes smart contracts. Linkchain is designed to be scalable and efficient. The platform is also compatible with different programming languages. Linkchain is one of the most popular blockchains platforms due to its flexibility and security.
Developers can create new tokens in this platform without coding skills, as all they need to do is use the user-friendly interface provided by Linkchain. It does not matter which type of tokens developers want to create because this blockchain has an advanced feature called Decentralized Exchange (DEX). Users can enjoy fast transactions with low fees, enabling them to transfer funds anywhere in the world within seconds.
Other advantages include great security as well as transparency because all transactions are recorded in an immutable public ledger where everyone can see them. In addition, users who own tokens are rewarded with mining rewards that are proportional to their share of ownership of total token holdings in this ecosystem. (Blockchain Platforms)
7) Tezos
Tezos is a decentralized blockchain that can upgrade itself. It features a formal verification system that mathematically proves the correctness of code used in smart contracts. Tezos also has a built-in voting mechanism to allow token holders to decide on protocol amendments.
The Tezos blockchain is Turing complete, meaning it can support any type of computation. As such, it provides an alternative for developing applications where security matters. For example, some people use Tezos for self-amending blockchains like Bitcoin or Ethereum because they want their blockchain to be able to make changes without having to create an entirely new coin as with many other altcoins.
8) Cardano
Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed.
It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a global collective of expert engineers and researchers. (Blockchain Platforms)
9) EOSIO
EOSIO is a blockchain protocol that enables horizontal scaling of decentralized applications (dApps), allowing an unlimited number of transactions with near-instant finality. The platform also provides an easy way to create dApps without having to write your own blockchain code. Some of the popular dApps built on EOSIO include Everipedia, MEET.ONE, and KARMA. A list of current EOSIO projects can be found here.
10) Stellar
Stellar is a distributed ledger protocol that enables fast, low-cost international payments. The Stellar network is an open source, decentralized platform that connects people, institutions, and payment systems.
Stellar makes it easy to create, send, and trade digital representations of all kinds of money: dollars, pesos, bitcoin, pretty much anything.
Conclusion
As you can see, there are many top rated blockchain platforms available today. If you’re thinking about starting a business that uses blockchain technology, then you should definitely do your research and choose the platform that’s right for you. And of course, if you need help developing a blockchain application, be sure to hire a reputable blockchain development company.
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