Blockchain Platforms: Blockchain technology is a buzzword nowadays. Whether be it healthcare, FinTech, or Logistic, this technology has many applications in every industry. Blockchain apps are perfect for efficient and seamless business processes. Here are some notable benefits of this blockchain technology:
- Increased security
- Enhanced reliability
- Higher transparency
- More efficiencies
Experts report that the blockchain market size is projected to grow 39.7 billion USD in 2025. This huge growth enhancing the demand for a blockchain platform. Flooded with several platforms, it is difficult to choose the right one for your business in 2021 and beyond. So, this article will help you!
Top 7 blockchain platforms for 2021 and beyond
Here are the top seven blockchain platforms:
Blockchain Platform #1 – Steller
Stellar is an open-source blockchain platform and a payment protocol. This platform can handle billions of transactions every day. It enables fast, cross-border transactions between different pairs of currencies.
This platform depends completely on the blockchain to keep the network in sync. Over 69% of finance institutes use blockchain technology to make their service smooth, reliable, secure, and transparent.
Why choose Steller?
- Decentralized and open database.
- It takes only 2-3 seconds for transaction confirmation.
- It allows multi signatures and smart contracts.
- It has a fixed 1% of annual inflation
Blockchain Platform #2 – Tron
Tron is a blockchain-based operating system that lets users create decentralized apps. The TRX currency is being used to get access to specific OS functionalities.
As a result, the main function of the token is to be used on the Tron platform. It was developed with one specific goal to help content procedures in better compensation for their workers.
Why Choose Tron?
- This high-performance platform can handle 200 transactions per second
- Highly scalable
- Multi-language extension functionality
- It has the advantage of reducing counterfeit chains
Blockchain platform #3 – Ethereum
Also known as ETH, Ethereum is a reliable blockchain platform. It lets users build new financial apps, games apps, cryptocurrency wallets, and many more.
This platform voids the access of third parties who save data for financial instrument tracking. It has the largest community of basic protocol professionals, crypto-economic researchers, and mining organizations.
Why choose Ethereum?
- Advantage of rapid deployment
- Smart Contracts Functionality and Turning completeness
- Feature of tokenization
- Proof-to-work-based system
- Supports Python and c++ programming languages
Blockchain platform #4 – Multichain
MultiChain is a version of open-source Bitcoin. This simple-to-operate platform is used to create a personalized blockchain for both private and public. Its functionality makes it ideal for enterprise and commercial users.
This chain could be personalized by changing a straightforward text file prepared by multichain. It should be acquired before executing this platform for the first time, as factors can’t be changed after the network has been completely established.
Why choose Multichain?
- It has several tracked and verified assets on the blockchain
- Ideal for safe multi-asset and multi-party transactions.
- Suitable for data streaming, data sharing, timestamping, and encrypted archiving.
Blockchain Platform #5 – Open-chain
This open-source blockchain platform handles digital assets in a secure and scalable manner. This platform is based on a client-server architecture which makes it more efficient and reliable. It gives direct, accessible, and instant transactions.
Why Choose Open-Chain?
- Modular design and allows free transactions.
- Highly scalable
- Intelligent contracts functionality and a unified API
Blockchain Platform #6 – Hyperledger Sawtooth
If you want a modular and flexible architecture, Hyperledger Sawtooth is the right option. It helps to create and operate separated ledger applications and networks for a specific usage by enterprises. Its purpose is to secure distributed ledgers and smart contracts. This platform streamlines blockchain app development.
It supports both the permission and permissionless network and different consensus algorithms such as PBFT (Practical Byzantine Fault Tolerance) and PoET (Proof of Elapsed Time).
Why Choose Hyperledger Sawtooth?
- Parallel Transaction Execution
- Ethereum Contract Compatibility with Seth
- App Development Friendly
- Pluggable Consensus Algorithms
- Private Network & Permissioning Features
Blockchain Platform #7 – EOS
It is a blockchain-based and decentralized platform that enables the development and execution of commercial scaled apps. In addition, it provides smart contract capability, decentralized storage of business services. It solves the scalability issues faced by Bitcoin and Ethereum.
This platform reduces user fees and offers ownership of the user network. In addition, EOS has a dedicated community “EOS Forum,” for developers and investors.
Why Choose EOS?
- Upgradability and Measurability
So, these are the top seven blockchain platforms for 2021 and beyond. Hopefully, this article will be helpful for you! If you are still struggling to select the right platform as per your project needs, don’t worry! Yugasa has got you convered.
How can Yugasa help in blockchain app development?
Yugasa is a reliable mobile app development company that has many years of experience in delivering innovative blockchain apps.
Our dedicated team of developers and project testers also helps you conceptualize your blockchain project idea into reality. To know more about blockchain service, get in touch with our experts today!