Best Platforms For Blockchain App Development

“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”

Those who invest in cryptocurrency, understand what we are talking about here. Technology over the years has surprised us in so many ways. Evolution hasn’t left anything untouched, not even our money or our art.

Who is to date alien to cryptocurrency and NFTs?

Well, none. And if anyone is when they are actually aliens.

Blockchain technology is the driver of these new forms of investment. The way it is expanding is interesting and quite a story. If you are looking forward to entering the market with a solution, all you need is to affirm that you use the blockchain development platform that helps your user invest easily.

Let’s get into the details of the most popular blockchain platforms a step at once.

What Is Blockchain and How Does It Work?

Blockchain technology is quite complex, but its functioning is quite comprehensive. It is a technology that saves information in a way that is difficult to hack, modify, or launder.

This is basically a digital ledger of transactions that is spread across the entire computer network. Whenever a new transaction is made, the record is integrated with the ledgers of the parties involved.

In layman’s language blockchain to an extent works quite similar to a database.

To have a well-defined solution, we can use the top blockchain platforms that would make it easier for us to beat the competition.

Blockchain Platforms: What and How of the Technology Explained

Most of us are now well aware of the potential the technology has and the way its demand in the market is expanding. When the technology was introduced in the market, it was seen as strong support for the banking industry, and with time it has found its implementation in a variety of industries, including software development.

There is an exponential growth in the demand for a blockchain development platform with the rise in blockchain apps development.

Here’s a quick detail of what a blockchain platform is.

When talking about blockchain platforms you need to understand that they are no different than the software development platforms. Just here the platform is used to develop blockchain applications. It is important that these platforms have permissions and certificates before you can use them.

When you want to hire a blockchain app development company, make sure that you ask yourself a set of questions that can help you build a strong presence in the market.

Q.1 What level of privacy does your app require?

Privacy is an important point to consider when talking about taking your finances to the internet. Blockchain development can take place in two ways:

1. Centralized: The network and the information available to users are governed by a single authority

2. Decentralized: Data is distributed across the entire network.

If the application promotes business openness and trustlessness, however, the data must be stored on a public Blockchain development framework.

Q.2 What Are Your Scalability Needs?

As the number of participants and transactions increases, the different blockchain platforms should evolve and adapt. Scaling issues are a common problem with Blockchain projects. Bitcoin and Ethereum transaction speeds are slower than Ripple, PayPal, and other similar services.

Let’s say your decentralized apps aren’t transaction-heavy and can get by with a simple escrow arrangement. In that instance, cost, quality, and ease of use should guide your vendor and network selection.

However, if your best dApp blockchain requires a large number of transactions, you must investigate the side-chain implications in order to gain access to the blockchain.

Sounds a little hassled? 

Well, it’s not. We have curated here a list of blockchain app development platforms that our experts can work on and help you create a blockchain app.

20+ Blockchain Development Platforms

Quantum Ledger Database on Amazon (QLDB)

* Services in the Financial Sector
* Permissioned Ledger Type
* RAFT Consensus Algorithm
* In-built Smart Contract
* Governed by Central Trusted Authority

This is a well-managed best database for blockchain that offers the users a centralized trusted certificate authority with an immutable, transparent, and cryptographically verifiable transaction log. Quantum Ledger Database on Amazon (QLDB) blockchain platform keeps track of every change to an app’s data and keeps a complete and verifiable history of those changes over time.

Hedera Hashgraph

 * Serves Cross-Industry
* Permissioned Ledger Type
* HASHGRAPH Consensus Algorithm
* Offers Smart Contract
* Governed by World’s Leading Organizations’ Council

Hedera Hashgraph is one of the new type of distributed consensus open source blockchain platforms that is fast, safe, and secure. It gives developers the choice and technology to create a completely new class of scalable dApps.

IBM Blockchain Platform

 * Serves Cross-Industry
* Public and Private Ledger Types
* APIs for the IBM Blockchain Platform
* Comes with Smart Contract
* Governance IBM

IBM blockchain platform includes complete support of the open-source solution with service level agreements, as part of IBM’s commercial distribution of Hyperledger Fabric. The platform is enabled with productivity tools for creating, deploying, and managing blockchain systems that help developers bring to the screen an interactive solution.

Hyperledger Sawtooth

 * Serves Cross-Industry
* Permissioned Ledger Type
* Pluggable Framework for Consensus Algorithm
* Smart Contract Enabled
* Linux Foundation Governance

Hyperledger Sawtooth is crafted for an enterprise-grade and modular platform for creating, implementing, and executing distributed ledgers that allow digital records to be preserved without the need for a central authority.

Hyperledger’s open-source blockchain platform has a 1.0 version that is enterprise-ready.

Stellar

 * Services in the Financial Sector
* Public and Private Ledgers Available
* The Protocol for Stellar Consensus
* Smart Contract Is Built-in
* Governed by

This blockchain app development platform is a distributed blockchain-based ledger that allows for cross-asset value transactions. It can let the users deal with fiat-based currency and cryptocurrency exchanges. Smart devices, banking tools, and mobile wallets can all be developed using the Stellar best blockchain networks.

Workbench for Azure Blockchain

 * Cross-Industry
* Permissions for Ledger Type
* Trusted Computing Base Consensus Algorithm (TCB)
* There is a Smart Contract
* Governed by Microsoft

By experimenting with new business processes businesses can use Azure and leverage its features like a risk-free, affordable, and fail-fast platform. It can boast to be backed up by a cloud platform that has the industry’s best compliance portfolio.

Read Also: The Ultimate Guide for Blockchain as a Service and its Business Benefits

BigchainDB

 * Serves Cross-Industry
* Permissionless ledger type
* Tendermint Consensus Algorithm
* Yes, there is a smart contract.
* Easy-to-integrate governance platform with incentives

It’s the best database for blockchain that can be queried, is a decentralized exchange, and supports a variety of assets natively, among other things. Despite the fact that BigchainDB is a blockchain database, it lacks a business logic layer or a processing layer for the assets it stores.

BigchainDB, as the best database for blockchain, lacks the business logic layer and processing layer for the assets it stores. We get the finest solution for the digital future by combining BigchainDB and Hyperledger Fabric, which aids in the development of smart contracts for use across industries.

Tezos

 * Serves Industries Involved in Management of Digital Assets
* Private Ledger Type
* Emmy+ Consensus Algorithm
* Offers a Smart Contract
* Governed by Arthur and Kathleen Breitman, Johann Gevers

Another self-governing blockchain platform that is decentralized in nature and has created a digital commonwealth. Tez or Tezzie is a digital token that is tied to this platform. The blockchain app builder platform does not offer anything to token holders for tokens; instead, the platform pays token holders for participating in the proof-of-stake consensus mechanism.

Tezos, like Neo and other platforms, is the best dApp blockchain and smart contract platform. It has a self-amending cryptographic process, a feature that differentiates it from the crowd.

Tron

* Services in the Financial Sector
* Public Ledger Type
* DPoS Consensus Algorithm
* Comes with Smart Contract
* Super Representative (SR) and Super Representative Partner (SRP) Govern the Platform

Tron is a blockchain-based decentralized digital platform that contains the TRX coin.

It aims to host a global entertainment system for cost-effective digital content exchange. In terms of market capitalization, it is the 31st most valuable cryptocurrency.

Tron eliminates the middleman by utilizing P2P networks and blockchain technology characteristics to allow content creators to sell their work directly to customers.

Hyperledger Fabric

 * Serves Cross-Industry
* Permissioned Ledger Type
* Pluggable Framework for Consensus Algorithm
* Integrated Smart Contract
* Has Linux Foundation Governance

Hyperledger Fabric aids in the development of blockchain-based solutions or building apps on blockchain utilizing a modular design. It is also one of the Hyperledger projects. Because of the architecture’s versatility, network designers can plug in whatever components they want.

The Hyperledger Fabric framework is designed for permissioned networks, enabling only recognized identities to join. They must be approved and possess the necessary credentials. They must be approved and trustworthy in order to participate in the blockchain.

BlockCypher

 * Cross-Industry Services
* Permissioned Ledger Type
* RESTful JSON API for the Consensus Algorithm
* Offers a Smart Contract Feature
*Governed by DGBB

BlockCypher is a simple, mostly RESTful JSON API for interacting with blockchains that may be accessible through HTTPS or HTTP from the api.blockcypher.com domain. BlockCypher is one of the cloud-optimized open source blockchain platforms that ensure the stability of bitcoin apps.

Oracle Blockchain Platform

 * Serves Cross-Industry
* Permissioned Ledger Type
* Raft Consensus Algorithm
* There Is a Smart Contract
* Governance Is Managed by Oracle

It’s a blockchain network provisioning cloud platform with a complete distributed ledger. It also uses smart contracts to query and update the ledger, which it deploys and runs. The most popular blockchains network console for integrated operations is held by Oracle Blockchain Platform. It enables you to start designing apps in minutes and keep up with the proof of concept.

Ripple

 * Offers Services in the Financial Sector
* Permissioned Ledger Type
* Probabilistic Voting Consensus Algorithm
* No Smart Contract
* Ripple Labs Specialises on Governance

Ripple offers RippleNet to connect payment providers, banks, digital asset exchanges, and corporations. It is a blockchain network with no chargebacks. Furthermore, it enables global payments via Ripple, a digital asset that is one of the most widely used cryptocurrencies today.

Quorum

 * Offers Services Cross-Industry
* Permissioned Ledger Type
* Majority Voting Using a Consensus Algorithm
* No smart contract
* JP Morgan Chase and the Ethereum Developers Govern Its Functioning

Quorum, like Ethereum, is a blockchain platform that is open-source and free to use. To handle diverse transactions per second, it employs a variety of vote-based algorithms. The best blockchain networks that use Quorum are not open to everyone because they were designed to be permissioned. It is capable of building apps on blockchain handling them that require high-speed private transactions and throughput processing.

Iroha Hyperledger

 * Offers Services Cross-Industry
* Permissioned Ledger Type
* Chain-based Byzantine Fault Tolerant
* It Offers a Smart Contract
* Linux Foundation Governance

Hyperledger Iroha is a modularized and simple distributed ledger system based on Yet Another Consensus, a fast and highly secure consensus algorithm that protects Iroha networks from failures or nodes.

Read Also: P2P Cryptocurrency Exchange Development Cost & Key Features

Centrifuge

 * Management of Digital Assets
* Permissioned Ledger Type
* Consensus
* There Is a Smart Contract
* Radial Governance (RAD)

The centrifuge is a platform that enables the building of distributed blockchain systems on the Polkadot and Kusama networks. As a result, once it becomes a parachain and gains access to Polkadot, it will be able to interact with it smoothly.

Polkadot’s Relay Chain benefits from its consensus and security standards.

Consensys Quorum

 * Works for Cross-Industry
* Permissioned Ledger Type
* Majority Voting Using a Consensus Algorithm
* No Smart Contract
* JP Morgan Chase and the Ethereum Developers

It makes it easier for businesses to use Ethereum for their popular blockchain applications. For building apps on blockchain that are configurable and high-performing, businesses can rely on the Quorum open-source protocol layer and combine product modules from ConsenSys, in-house development teams, or other firms on top of it.

Corda

 * Services in the Financial Sector
* Permissioned Ledger Type
* Pluggable Framework for Consensus Algorithm
* Yes, there is a smart contract.
* R3 Consortium for Governance

Corda is a prominent blockchain platform that enables institutions to deal directly with smart contracts, removing costly frictions from commercial transactions. It works in a permissioned manner and improves the user’s experience.

It works in a permissioned mode, which improves privacy and gives digital records fine-grained access control. Furthermore, Corda is a permissioned blockchain, meaning that only authorised users have access to the data, rather than the entire network.

EOS

 * Offers Cross-Industry
* Permissioned Ledger Type
* Delegated Proof-of-Stake using a Consensus Algorithm
* There Is a Smart Contract
* EOSIO Core Arbitration Forum (ECAF) Governance

EOS is a blockchain platform designed for the creation of decentralized apps. It is aimed at offering businesses advanced solutions such as dApp hosting, smart contract power, and decentralized storage. It also eliminates user fees, so anyone who wants to profit from an EOS-based dApp can do so for free.

Stratis Platform

 * Enterprise Application with an Industry Focus
* Permissioned Ledger Type
* C# and .NET Consensus Algorithm
* Offers a smart contract
* Governance Is Taken Care by Microsoft

Stratis is a strong and scalable Blockchain Development Platform designed for real-world enterprise and financial services demands. The Stratis architecture is built on the Bitcoin blockchain, which is the most secure blockchain to date. Furthermore, it provides a feature-rich ecosystem with SDKs and tooling that enables solutions to be produced with confidence.

Read Also: How Much Does It Cost to Develop a Bitcoin Mobile App

Multichain

 * Offers Cross-Industry Services
* Permissioned Ledger Type
* Bitcoin Core Split Algorithm
* Comes with a smart contract.
* Coin Sciences Ltd. is governed by a board of directors

This blockchain platform enables businesses to design and deploy blockchain apps more quickly. On a blockchain, it creates multiple key-value, identity databases, or time series. It’s great for timestamping, data sharing, and archiving with encryption.

OpenChain

 * Management of Digital Assets
* Permissioned Ledger Type
* Partitioned Consensus Algorithm
* Has a Smart Contract Integrated
* Governance Is Managed by CoinPrism

OpenChain is an open-source distributed ledger system that is best suited for companies that need to manage digital assets in a scalable and safe manner. It employs Partionned Consensus, in which a single instance has sole authority over transaction validation.

Xooa

 * Cross-Industry Services
* Public Ledger Type
* Xooa API Gateway Consensus Algorithm
* Contracts with Intelligence

Through an easy-to-use and simplified interface, this blockchain platform empowers users of all blockchain knowledge levels to construct NFT marketplaces and other blockchain apps on the cloud. Xooa’s API gateway, low-code tools, and other strong features can help you achieve a ten-fold faster time-to-app.

Ethereum

 * Serves Cross-Industry
* Permissionless ledger type
* Proof of Work with a Consensus Algorithm
* Comes with an In-built smart contract.
* Ethereum Developers Governance

Ether is Ethereum’s native coin, and it’s excellent for powering the Ethereum ecosystem. It’s a permissionless (public) blockchain network built for limited access rather than widespread consumption. It’s also a PoW (Proof of Work)-based platform, therefore it’s a little slower in terms of performance. For running the apps and completing transactions on the Ethereum network, a developer who uses this platform must pay fees in Ethers.

Dragonchain

 * Government Agencies with an Industry Focus
* Permissionless ledger type
* Consensus Algorithm JSON with standardized structure
* Smart Contract

It’s designed to give businesses and blockchain developers the tools they need to create blockchain apps in minutes. It is a private/public hybrid platform designed primarily for businesses that offer excellent performance and is simple to use for developing and deploying the most popular blockchains applications and microservice-based smart contracts.

NEO

 * Serves across Cross-Industry
* Permissionless ledger type
* dBFT Consensus Algorithm
* Yes, there is a smart contract.
* Governance GAS

The NEO coin serves as its base asset, and it is designed to develop scalable dApps. The NEO token is perfect for creating GAS tokens, which are used to pay transaction fees for using the network’s apps.

These are some of the best blockchain development platforms that make it possible for developers to bring to the screen the best solutions.

Now that you know the most popular blockchain platforms, the next big question that you may face is how to choose the right one that can help you take over the market in a few clicks.

Long Story Told Short!

The journey for blockchain applications is a rollercoaster ride for now. If you want to enter the market with solutions that can help you gain customers and bring out-of-the-box solutions, simply hire the best blockchain app development team to help you earn great profits.

Rating

Leave a Comment

Your email address will not be published.

Scroll to Top