Blockchain is one of the most popular technologies in the world today. With the inclining value of the global blockchain market expected to reach $67.4 Billion by 2026 with a CAGR of 68.4 %, it shows a much more promising future. This surging growth has gained a lot of attention from individuals increasing the rate of adoption of this technology by them. There are many blockchain networks that exist currently, and numerous business minds have launched their successful venture and begun gaining their benefits. Every blockchain network has its own advantages. So if you are a cryptopreneur wanting to launch a blockchain application, this blog allows you to know about the 10 leading blockchain platforms to enhance your venture.
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List Of 10 Leading Blockchain Platforms In 2023
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Ethereum
The Ethereum blockchain network was established in 2013 and is widely recognized for its role in providing a decentralized network. While it has gained prominence as a blockchain platform for enterprise applications, it also has its own cryptocurrency called Ether. Ethereum’s adoption has been largely driven by its ability to support the development of decentralized applications (dApps) on its network. Notably, the platform has a mature ecosystem of tools for writing smart contracts using the Solidity programming language, which runs on the Ethereum Virtual Machine. The platform has also seen widespread adoption in non-fungible tokens (NFTs) exchanges and platforms.
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TRON
Tron is an operating system that leverages the power of blockchain technology to provide users with a decentralized platform to build apps and exchange media assets. One of the core features of Tron is the TRX currency, which is used to access specific software functionalities on the platform. TRX is primarily used within the Tron ecosystem, and its primary purpose is to incentivize content producers and creators to get better compensation for their work.
One of the standout features of Tron is its high performance, which enables it to handle up to 2000 transactions per second. Additionally, Tron boasts excellent scalability and throughput capabilities, providing users with a smooth and seamless experience. The platform also supports multi-language extension functionality, making it accessible to users from different parts of the world.
Also, It has the ability to eliminate counterfeit chains, ensuring that users can trust the authenticity of the information they receive on the platform. This feature is crucial for content producers who need to protect their intellectual property and ensure that they are fairly compensated for their work.
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IBM Blockchain
IBM is a trailblazer in the use of blockchain technology to improve business operations. The IBM Blockchain platform is a highly regarded platform that offers users a range of benefits. With this platform, users can create, use, and expand their blockchain network with ease. This blockchain platform is connected to the free IBM Cloud Kubernetes cluster, providing users with a reliable and scalable infrastructure for their blockchain operations.
The IBM Blockchain platform is an open-source and community-based platform, which means that users can leverage the power of a global community of developers and experts to enhance their blockchain applications. This feature ensures that users have access to the latest technologies and innovations in the field of blockchain.
The IBM Blockchain platform also offers a permission network, allowing users to control access to their blockchain network and ensure the security and privacy of their data. This feature is crucial for businesses that deal with sensitive information and need to maintain a high level of security.
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Stellar
Stellar is a cutting-edge blockchain technology that is rapidly gaining popularity in the world of decentralized finance (DeFi). Its unique feature is the Stellar Consensus Protocol, which facilitates the speedy processing and approval of transactions on a public blockchain network. This protocol is designed to provide a more efficient and secure alternative to traditional blockchain technologies.
The speed at which transactions are processed and approved is crucial for the success of any blockchain technology. The Stellar Consensus Protocol ensures that transactions on the Stellar network are processed and approved within seconds, making it ideal for businesses that require quick and secure cross-border money exchanges and global trade.
Stellar also boasts advanced security features that are designed to block undesirable or dubious participants in financial transactions. This ensures that transactions on the Stellar network are safe and secure, providing businesses and individuals with peace of mind when conducting transactions on the network.
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Tezos
Tezos is an open-source blockchain platform designed to offer a secure and reliable environment for digital assets and high-value use cases. Created by Arthur Breitman and Kathleen Breitman, Tezos provides a decentralized blockchain network for peer-to-peer transactions and the deployment of smart contracts. Its key feature is its self-governance mechanism, allowing the community to propose, vote on, and implement amendments to the protocol through a formal on-chain governance process.
Tezos supports the creation and deployment of smart contracts, which can execute automatically based on predefined conditions. Additionally, it provides formal verification, which enables mathematical proof of the correctness of smart contract code, helping to prevent bugs and vulnerabilities. Overall, Tezos offers a robust and innovative blockchain platform for developers and users alike.
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Corda
Corda is another renowned open-source blockchain platform designed specifically for business-oriented applications. It provides a secure and confidential environment for the creation of interconnected blockchain systems, allowing seamless and safe transactions between participants.
This blockchain network is highly flexible and agile, making it a suitable choice for a variety of industries such as construction, healthcare, and finance. It offers better security features than traditional systems, providing end-to-end encryption for communication, data storage, and transaction management.
As an open-source platform, Corda allows for open design and development processes, encouraging collaboration and innovation within the blockchain community. With its many advanced features and benefits, Corda is a popular choice for businesses seeking a secure, efficient, and scalable blockchain platform.
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Hyperledger Sawtooth
Hyperledger Sawtooth was co-founded by Hyperledger and the Linux Foundation. It utilizes a consensus mechanism called Proof of Elapsed Time, which can create “trusted execution environments” when combined with hardware-based security technologies for program code to run securely in encrypted areas of computer memory.
Some of the key features of Hyperledger Sawtooth include the ability for developers to use the Sawtooth Library while coding and the inclusion of Splinter for networking. Overall, Sawtooth’s focus on flexibility and customization makes it a valuable tool for building and adapting blockchain applications.
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Quorum
Quorum is a blockchain platform that was established by J.P. Morgan in 2015, using Ethereum as its base. It is specifically designed to handle the high-speed execution of confidential transactions in a secure community of users. Unlike Ethereum, Quorum does not rely on the Proof of Work (PoW) consensus mechanism, instead using vote-based and other techniques to process thousands of operations per second, depending on how the smart contracts and other networks are set up.
Quorum is built to grow and improve in tandem with Ethereum, with minimal changes to Ethereum’s core. This allows Quorum to handle large volumes of Ethereum changes quickly and efficiently. The platform’s design ensures that its performance is highly efficient, making it an excellent choice for use cases requiring fast and secure transactions.
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Hyperledger Fabric
Hyperledger Fabric is a blockchain network that is widely used to create decentralized applications and solutions using a modular architecture. Its modular design enables the platform to offer a membership service and consensus, making it a versatile solution that can be used across various industries.
The advantage of Hyperledger Fabric is its modular and versatile architecture, which enables the platform to be customized to meet specific business needs. The platform’s low latency of finality ensures that transactions are processed quickly and efficiently, making it an excellent choice for organizations looking to improve their transaction processing systems.
The platform’s pluggable consensus and queryable data make it easier for developers to build and deploy customized applications on the platform. With Hyperledger Fabric, developers can create a secure and scalable platform to support their confidential contracts and private transactions.
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EOS
EOS is a widely recognized blockchain platform that is utilized for creating and enhancing secure and scalable applications. It is well-known for its ability to host user dApps and provide them with smart contract capabilities. Additionally, EOS offers a decentralized storage solution for enterprise applications, which can help to mitigate the scalability challenges that are commonly faced by Ethereum or Bitcoin.
The EOS blockchain is known for its excellent usability and governance. The platform is designed to be user-friendly and easy to navigate, which makes it a popular choice for developers and businesses. Additionally, the governance model of EOS is structured in a way that ensures transparency and fairness, which is a vital aspect of building trust in any blockchain platform.
How Infinite Block Tech Enhances Your Blockchain Venture?
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