Top Three Blockchain Platforms You Must Know About
Ethereum, Hyperledger, and Monax — these are the top three blockchain platforms that you MUST know. Click here to learn more about blockchain platforms.
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Since it’s introduction, blockchain is presenting many opportunities for every industry to propel business transactions in a secure way that is accompanied by an escalated level of trust. By adopting the disruptive, innovations of blockchain platforms, like Bitcoin, Hyperledger, and Ethereum, flaws related to confidentiality, scalability, privacy, and global performance have been improved significantly.
Best Blockchain Platforms for the Blockchain Development Landscape
Ethereum represents the decentralized nature of blockchain technology. A myriad of operations, like AML, KYC, and financial services, and industries, like health, insurance, oil and energy, and intellectual property, have found unconventional solutions to a range of challenges confronted by them. These sectors are exploring the potential of blockchain and investing heavily in this innovative technology to form privatized and uninterrupted networks that execute transactions in a secure way. The rise of Ethereum blockchain coupled with the capability of smart contracts has formed unique crowdfunding solutions like ICO (Initial Coin Offering). ICO is one of the innovative ways of providing hassle-free investment options in a shared, trusted sphere. Thus, the decentralized architecture of this one of the best blockchain platforms offers a genuine conundrum to online fraudulent activities.
Designed and developed as open source, Hyperledger is a confidential and permission-based platform to deliver extensible, elastic, and out-of-breed architecture. The platform is best when used in capital markets where the mounting transaction volume gets divided for carrying out the chain-code execution. One of the primary goals of Hyperledger is to create enterprise-grade distributed ledger codebases and frameworks. It boasts 180+ collaborating enterprises across finance, IoT, supply chain, banking, technology, and manufacturing. This platform emerges as an attractive blockchain platform for enterprise solutions. Along with that, it allows plug-and-play components around membership services and consensus. The release of Hyperledger Fabric 1.0 has been launched and is claimed to be production-ready for enterprises.
Monax (Earlier Eris)
The Monax application platform offers blockchain developers a logical base where they can build, test, and operate an applications ecosystem. It supports an array of blockchain nodes connected to multiple blockchain networks with several smart contract interpreters. These interpreters are associated with several micro-services required to build, test, and run the application of the ecosystem. That’s how Monax keeps all the components required to create blockchain-based applications and smart contracts. With an objective to help the technical experts execute automatic operations of all data-driven processes, Monax is a platform that alleviates the sophistication level of the applications based on the blockchain technology to a larger extent.
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