Blockchain technology seems to be increasing in popularity every day. Since its debut in 2009, Bitcoin technology has grown widely used. Several industries may utilize blockchain, including supply chain management, law, healthcare, logistics, and others. Blockchain development company aims to make app operations more transparent and efficient.
Businesses are starting to investigate blockchain prospects by creating blockchain applications, which is increasing the need for blockchain platforms. One survey predicts that the global blockchain sector will grow from USD 3.0 billion in 2020 to USD 39.7 billion in 2025, with a CAGR of 67.3%.
The Top 10 Blockchain Platforms to Investigate in 2023 are Listed Below.
A decentralized, open-source blockchain network called Tezos enables users to create smart contracts and carry out peer-to-peer transactions. Its modular design and formal upgrading process allow its network to support formal verification.
Arthur and Kathleen Breitman established Tezos to provide the security and code precision needed for digital assets and high-value use cases. It is a self-governing, decentralized blockchain network.
There are several features available on the Tezos platform.
- Self-amending procedure
- On-chain governance
- Formal verification system and smart contracts
- Delegated Proof of stake
The well-known blockchain platform Ethereum, sometimes referred to as Ether, has its native currency. Ethereum is a platform that developers utilize to create new programmes for marketplaces, gaming, financial apps, decentralized markets, and other things. Its goal is to eliminate external websites that may store data and keep an eye on online financial instruments.
The Ethereum platform’s characteristics include,
- Changing completion
- Smart contract capabilities
- Quickly deploy
- Fabric for Hyper-ledger
The ability to create modular applications and solutions using Hyper-ledge Fabric is being made available. It makes it possible for plug-and-play elements like consensus and membership services. Due to its versatile and modular construction, it may be used for many different industrial applications.
The ability of the Hyper-ledger fabric to create a network of networks is one of its essential characteristics. Fabric network participants cooperate, but because specific data must be kept confidential, organizations often maintain various connections inside their networks.
Several characteristics of the Hyper-ledge Fabric platform include
- Little latency
- Very modular
- Support for EVM and solidity
- Pluggable agreement
- Support for multilingual smart contracts
- Queryable Data
Stellar’s decentralized blockchain network makes it possible to store and send money. It enables the creation, exchange, and transmission of digital copies of any kind of money, including dollars, pesos, bitcoin, and a number of other currencies. To improve the transparency, scalability, and safety of their services, more than 69% of banks are evaluating blockchain technology.
A scalable and robust blockchain platform called Steller can help with the creation of secure and efficient fintech apps, tokens, and digital assets that represent financial assets. It is an open-source network for payments and currencies. Since it belongs to everyone and contains millions of transactions, it has no owner.
The Stellar blockchain network’s characteristics
- Open, decentralized database
- Thousands of transactions in a second
- Allows multi-signatures and smart contracts
- Contains 1% fixed annual inflation
EOS is a blockchain development environment for building safe and scalable decentralized apps. To solve the scalability issues with Ethereum and Bitcoin, it provides dApp hosting, innovative contract capabilities, and decentralized storage of corporate solutions.
The EOS platform eliminates all user fees and achieves consensus via multithreading and delegated Proof of stack techniques. In the “EOS forum,” a niche community, developers and investors may discuss the platform.
The EOS blockchain platform has a number of characteristics, including
- Permissions model
An open-source blockchain network called Corda employs smart contracts to enable companies to transact openly and entirely in secret. Streamlining corporate processes reduces transaction and record-keeping costs.
It is a flexible platform that can grow to accommodate changing company requirements. Applications built on the Corda platform, known as CorDapps, are designed to change how business is done in various sectors, including insurance, energy, finance, and more.
Several characteristics of the Corda blockchain platform
- Open style
- Interoperability of privacy
- Public development
- Flexible and Agile
Ground X, the blockchain division of South Korean social media giant Kakao, offers the global public blockchain platform Klaytm. The modular network architecture of the Klaytn blockchain makes it a viable corporate blockchain solution.
The business-friendly environment in Klaytn is made up of service chains, which are independent sub-networks. Because these service chains are adaptable and customizable, Klaytn may be used to create any online service. On the other hand, gambling and financial speculation-based activities are prohibited.
The Klaytn blockchain platform has features like
- Creation and validation of blocks
- 4,000 transactions per second
- Low gas prices
- Facilitate the performance of solidity contracts
A decentralized internet may be built using the Tron blockchain technology. Tron enables app developers to create and utilize whole protocols using Ethereum-like blockchain smart contracts. The Tron platform can handle 2000 transactions per second, much more than large payment processors like PayPal.
There are no fees for transactions. Tron employs the delegated Proof of Stake consensus method to secure the blockchain. A proof of the Stack-like consensus technique, DPos enables users to earn passive income by staking their assets in the networked wallet.
Among the characteristics of the Tron blockchain are,
- Maximum output
- Very scalable
- A lot of availability
- Extension in many languages
- Taking off the fake chain
- Support for EVM
- Hedera Hashgraph
Hedera Hashgraph is a platform that is very quick, safe, and fair since it is independent of a problematic proof of work method.
Developers may use it to create new, scalable, decentralized apps.
On the Hedera Hashgraph platform, smart contracts may be dynamically developed just like any other software component.
The Hedera Hashgraph platform includes capabilities like
- Implementing the public BFT notary service
- Quickly and securely
- It involves connecting the Hedera consensus service to the Hyperledger fabric network
- XDC network
The XDC network utilizes cross-chain smart contracts to blend the characteristics of public and private blockchains to create a ready enterprise-grade hybrid blockchain for finance and international commerce. The native token for the XDC platform is called the XDC. Developers may instantly install Ethereum intelligent contracts on the XDC blockchain thanks to XDC’s EVM compliance.
XDC will make use of the fastest and greenest consensus process available. It uses the stakeholder approval voting function of delegated Proof of stake (XDPoS). Voting approval from stakeholders promotes fair consensus issue-solving. XDC provides high interoperability with other blockchain networks and legacy ecosystems.
It is possible to stake XDC tokens and power the XDC blockchain network with the XDC, a remarkable digital asset. Several wallets that accept XDC include Guard wallet, free wallet, Lumi wallet, XCelPay, BitFI wallet, Ellipal wallet, D’Cent wallet, and Trezor wallet.
Thus, the top 10 blockchain platforms were described, and the increase in demand for more durable blockchain platforms shows that blockchain technology has reached maturity.
The top blockchain development company works hard to provide the most excellent products possible to the worldwide market via prospective customers. You obtain help from our professionals to develop your blockchain idea into a well-liked product.