Top 7 Blockchain Platforms In 2021

Tags: blockchain, webdev
Published: 2021-02-23 10:52:05

These days, blockchain technology is booming in the market. The technology that emerged in 2009 as a bitcoin has now become a mainstream technology. Blockchain has apps in various industries like healthcare, logistics, supply chain, legal and so on. Those apps are designed and developed to make business processes more efficient and transparent. The survey clearly states that blockchain platforms are ever-growing and will continue to evolve. During 2020-2025 blockchain market will grow at a CGPR of 67,3%. So, here is a list of top 10 blockchain platforms to explore in 2021 that will make organizations more efficient & transparent in the business ecosystem. Before diving to the blockchain platforms, let’s have a look at some basics of blockchain platforms.

#Basics Of Blockchain Platform-
Blockchain platforms allow development of blockchain-based applications. Those platforms can either be permissioned or permissionless. Tezos, Hyperledger, ethereum and EOS are some of the popular names that have built blockchain frameworks, and allows people to develop and host applications on blockchain. Let’s know the factors that will help you to choose the best blockchain platform.

You can also know basics of blockchain at- Blockchain – The Basics you should know.

#Factors To Consider Before Choosing The Best Blockchain Platform-
**1. Development Status Of A Platform-**
Check the development status of the platform in GitHub or other related communities. Know whether the platform’s code has been tested multiple times or it is still in the development stage.

**2. Type Of Blockchain That You Need-**
Know the different types of blockchain and understand the type of blockchain that your use case needs. Choose the platform based on the network it supports, i.e, public, private or permissioned blockchain network.

**3. Languages That Platform Supports-**
Blockchain is as yet in its beginning stage and numerous new programming languages have been introduced. So before selecting a blockchain framework, know what programming languages are supported by SDKs.

**4. What Blockchain Consensus Protocol does the platform use to achieve consensus-**
If you don’t understand consensus protocol, it will be challenging to work on a blockchain platform. There are various consensus algorithms like Proof of Stake, Proof of Work, Proof of Burn and so on. It is important to understand that which blockchain platform supports which consensus protocol.

**5. Platform Support For Smart Contracts Functionality-**
Not all blockchain platforms support the concept of savvy contracts which are responsible for validating, triggering or enforcing actions on the blockchain systems.

**6. Kind Of Scalability That Your Solution Need-**
As the number of transactions and participants increase, a blockchain network should be able to scale to adapt to the growth. If your project is not transaction intensive and needs just a random data review like escrow agreement, you should restrict network decisions to quality, ease of use, access and cost.

Know the importance of blockchain for app developers at- How Blockchain is important for App Developers?

#Top 7 Blockchain Platform In 2021-
**1. Tezos-**
It is an open-source and decentralized blockchain network that performs peer-to-peer transactions and deploy smart contracts. Tezos is a smart contract and dApp platform similar to Ethereum, Waves, Neo. It’s self-amending cryptographic mechanism makes it different from other platforms. Tezos has a modular architecture and formal upgrade mechanism which allows its network to facilitate formal verification. It is designed to offer safety and code correctness required for digital assets and high-value use cases. It is a self-governing decentralized blockchain platform.  

*Features-*
* On-Chain Governance *
* Smart Contracts and Formal Verification *
* Self-amendment Protocol *
* Delegated Proof of Stake Consensus Mechanism *

**2. Hyperledger Fabric-**
It is a project of Hyperledger, intended to build blockchain based solutions or apps using modular architecture. Architecture’s modularity allows network designers to plug in their preferred components like membership services and consensus, differing it from other blockchain solutions. Hyperledger fabric is designed for permissioned networks, enabling known identities to participate within the system. Network participants should be authorized and have credibility in the capital to take part in blockchain. Blockchain companies prefer building enterprise-grade apps using Hyperledger fabric.

*Features-*
* Multi-language smart contract support
* Support for Solidity and EVM
* Highly modular
* Low latency of finality
* Pluggable Consensus
* Queryable Data

**3. Hyperledger Sawtooth-**
Know more at- [https://solaceinfotech.com/blog/top-7-blockchain-platforms-in-2021/]