12 Best Blockchain Platforms For Creating A Decentralized Platform

Blockchain is becoming crucial with each passing day. Blockchain emerged in 2009 as Bitcoin, but now with time, it has become a mainstream technology. Presently there are varied working functionalities of blockchain apart from Bitcoin. It is being employed in healthcare technology, industries, logistics, supply chain, sports, and in many other technological fields. It was developed and designed to formulate an effective and transparent process of business. In this article, we will see a list of blockchain platforms to create and use an ecosystem that is embedded by blockchain. 

Top 12 Blockchain Platforms Of 2021

As per the experts, the market size of blockchain technology is expected to increase by 39.7 billion USD by the end of 2025. This tremendous increase calls for the requirements of blockchain platforms. Here is a list of all the top blockchain platforms 2021. The example of blockchain platforms include:

IBM Blockchain

Have you heard about the term IBM? You may wonder what is IBM blockchain platform? When it comes to the use of blockchain, IBM is the pioneer company. It is known for formulating effective and transparent business functions. It is a famous platform to use when it comes to blockchain. This platform offers a complete stack and managed service of blockchain that enable the customers to deploy their components of blockchain in a user-preferred environment. Users can design, utilize, and increase their network of blockchain by using this IBM blockchain platform. 

Key Features

• It offers a 30 day free trial for all its customers. 
• It is also attached to the free cluster of the IBM Cloud Kubernetes. 
• It is a community-based and open-source platform. 
• It provides a permission network. 
• This blockchain platform supports Java and Go programming languages. 

Tron

Tron is renowned as an operating system that is blockchain-based. It primarily enables users to create decentralized applications and exchange media assets. The token of Tron, TRX currency is being used to get access to some of the special operating software functionalities. As a result of which the primary function of the token is to be utilized on the Tron platform. Tron was designed with one specific goal that is to help the producers of content to be better compensated for their labor. The platform is dependent on a few concepts among which one is that few data on the forum is open and not under the control of the central authority. Content providers can be aw ardent with digital assets, like the TRX currency and other digital currencies that are backed by TRX, in exchange for their labor. 

Key Features

• This is a high-performance platform, and it can take care of 2000 transactions every second.
• It offers high scalability to the users.
• It has a Multi-language extension function.
• It has the advantage of discarding counterfeit chains.

Stellar

Stellar is a cryptocurrency technology driven payment protocol. It takes care of millions of transactions each day. It also allows cross border payments among any two currencies in just a few seconds. It is similar to other coins that are based on blockchain in several dimensions. On the other hand, the Stellar Development Foundation or Stellar.org is just a non-profit organization that is completely dedicated to the advancement of tools, financial inclusion, and also social projects in the Stellar system. The staff of Stellar produces programming for the Stellar network. 

Key Features

• This platform offers a decentralized and open database.
• It takes only a few seconds for confirmation of transactions.
• Steller enables smart contracts and multi signatures.
• Its annual inflation is fixed at 1%.

Tezos

Tezos was founded by Kathleen Breitman and Arthur Breitman. It has been created to offer safe and correctness of code for high value cases and digital assets. It is an open source blockchain platform that is available throughout the world for the creation of a decentralized blockchain network. It enacts the peer-to-peer transaction and can also deploy intelligence contacts. It can also be termed as a self governing blockchain platform. 

Key Factors

• It operates on the self-amendment protocol.
• It offers on-chain governance and delegated proof of stake consensus mechanism.
• It has formal verification and smart contracts.

Corda

Corda is a renowned business-oriented open source blockchain protocol.  Corda can formulate interconnected blockchain mechanisms that allow transactions to happen securely and confidentially. It enables firms to work seamlessly with one another. It allows companies to keep records of transaction functions in a shared ledger, discarding the need for participating individuals to verify their transactions after getting engaged with one another. It is primarily used in sectors like health, construction, and finance. 

Key Features

• It offers better security.
• This platform is flexible and agile.
• It is an open-source blockchain platform that enables development processes and open design.

Ethereum

ETH or Ethereum is the leading blockchain platform presently. It enables its users to design new financial operations, make games, decentralize the market, digital currency wallets, and many more. The main motive of this platform is to nullify the access of the third parties who record all the data for further tracking of the financial instrument. It has the biggest community when it comes to core developers of the protocol., cypherpunks, crypto-economic researchers, and mining organizations. 

Key Features

• This platform provides the advantage of quick deployment.
• It has Turing completeness and Smart Contracts Functionality.
• It offers the feature of tokenization.
• It is a proof-to-work-based mechanism.
• Ethereum supports C++ and Python programming languages.

Multichain

Multichain is an open source version of Bitcoin. It is easy in operations and can be used for the creation of customized blockchain both in open and in private. It arrives with a carefully selected mix of functionalities and improvements that are aimed at the commercial and enterprise users. With Multichain, compatibility of local assets and storage for a more important amount of random information seems effective. 

Key Features

• It has huge verified and tracked assets on the blockchain network, which can be availed to do safe multi-party and multi-asset transactions.
• It is the best for data sharing, data streaming, encrypted archiving, and timestamping. 
• It abides with Github.
• Supports C++, C, Python, and JavaScript programming languages.

EOS

It is a renowned blockchain platform. It is used for the creation and development of secure and scalable applications. It offers its users the hosting and smart contract capability of dApps. It also offers decentralized storage of enterprise solutions which supports the users to decrypt the scalability issues that Bitcoin and Ethereum face. 

Key Features

• It offers better usability and governance.
• It helps with multiprocessing.
• This platform provides measurability, flexibility, and upgradability to users.
• EOS has a permission schema.

Hyperledger Fabric

Hyperledger Fabric is a group of tools that help to design blockchain programs which is championed by The Linux Foundations and IBM. It was created from the ground up with enterprise distributed ledger utilizations in mind. It consists of a rich ecosystem of components that can be attached into a modular structure. It operates well in closed deployments of blockchains which can develop the speed and security. Along with that this blockchain network also supports a model of open smart contract that can in turn support multiple models of data, like absent and account transactions output, or the UTXO models. 

Hyperledger Sawtooth

Hyperledger Sawtooth is another open source blockchain initiative that is hosted by the Linux Foundation and Hyperledger. This blockchain platform utilizes a novel consensus mechanism that is referred to as Proof of Elapsed Time that has the potential to integrate with security technologies that are based on hardware to enable “trusted execution environments” of the program code to operate in a secure environment which are protected areas of the memory of the computers. 

Quorum

Quorum can be called as Ethereum’s customized versions that are being pioneered by the financial giant JP Morgan. It takes the benefits of the core operations on the Ethereum blockchain platform and then repackages it into a rigid environment that is appropriate for financial institutions and banks. This platform has been optimized to extend support to the high speed transactions among the institutions like insurance companies and banks on a network that is private. Along with that it also offers additional privacy enhancements to Ethereum for the purpose of improving support for regulations like the CCPA in California and GDPR in Europe. 

Ripple

Ripple was established in 2012. Until 2015 it was known as Opencoin. It focuses to connect payment providers, banks, digital asset exchanges, and corporates through RippleNet, with closely free transactions worldwide without any chargebacks. It allows payments globally with the help of this digital asset known as “Ripple or XRP” that is now one of the most famous digital currencies similar to Bitcoin or Ethereum. Its crypto token has proved to be scalable and faster than most other blockchain platforms. It caters to 100+ users and 75+ clients in various commercial deployment stages across three basic use cases which are: minimizing the cost of liquidity, cross border payments, and sending payments across varied networks.

Conclusion

Blockchain is of varied types. So it is important that people understand the type of blockchain that will suit them. Furthermore, the varied platform supports varied languages. So the users will be required to choose among the perfect blockchain platforms. The growth and utilization of blockchain are growing. According to predictions, 30% of the projects will take place in blockchain globally by the end of 2021. 

Frequently Asked Questions On Blockchain Platforms

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Juan Castro

Juan Castro is an Ethereum expert. He is well versed with all crypto tech news that is happening around the globe. He has been into the analysis of the Ethereum network and its working for the past 6 years. So nobody can explain the mechanism of Ethereum and other crypto technology and blockchain algorithms better than him.

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