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Best Platforms for Building Blockchain Applications

Blockchain Applications

With blockchain’s growing popularity, everyone is watching the technology’s high potential. Now multiple industries are investigating the Blockchain applications and it includes software development as well.

The blockchain development platform market has exploded as businesses have begun to study the benefits of blockchain. Another reason behind the immense growth of blockchain platforms is the prosperity in App development.

Blockchain platforms enable the creation of blockchain apps that are hugely popular and beneficial to companies. Blockchains exist either Permissioned or permission less. Startups, SMEs, Enterprises, all utilize blockchain systems including Hyperledger, Ethereum, Ripple, R3, etc.

In this post, you will read about the best blockchain app development company for building Blockchain applications. But first, let go through some important elements that will help you choose the top blockchain platform.

Important Factors While Selecting A Blockchain Applications Development Platform

  • Supported Languages: C, C++, Java, JavaScript, Python, etc.
  • Blockchain Networks: Public, Private, or Permissioned
  • Pricing: Free, Open Source, or Paid
  • Consensus Type: Proof of Work, Partitioned, Pluggable, etc. 

5 Top Platforms for Building Blockchain Applications

The next part includes the 5 best Blockchain Applications Building platforms to help users choose the best one. Be it the best blockchain app developers or the blockchain app development company, these top picks will help you decide quickly.

1. Stellar

  • Industry Core: Financial Services
  • Governance: Stellar Development Foundation
  • Consensus Algorithm: Stellar Consensus Protocol
  • Ledger Type: Private and Public

Stellar is famous as its payment mechanism is entirely built on digital money technology. Every day, it processes millions of transactions. It allows for instant cross-border transactions among any two currencies. It reflects other blockchain-based currency in many ways. It is dedicated to economic inclusivity, social projects, and tool advancement, in the Stellar system. 

Also it enables people to create, exchange or trade digital representations for any currency such as bitcoin, dollars, & more. This blockchain applications development company is owned by the public. The reason is that the basic charge on any transaction is a tiny fee associated with every payment execution. However, this fee is not designed to be profitable. It is basically a deterrent to any fraud activity.

2. Hyperledger 

  • Industry Core: Cross-Industry
  • Governance: Linux Foundation
  • Consensus Algorithm: Pluggable Framework
  • Ledger Type: Permissioned

Hyperledger is an accessible global initiative and Linux Foundation hosts it. It allows users to build corporate grade and distributed systems frameworks to enable commercial transactions and improve cross-industry blockchain solutions.

This well-known blockchain application platform includes a number of frameworks and free tools that enable Hyperledger professionals to create blockchain-based technologies. It was founded in 2015, and it presently oversees nearly 15 new projects. It’s intended to serve as a platform for building high-scaling business blockchain apps with a customizable permissions model.

It allows developers to modify specific deployments thanks to its great architecture. Its  programming languages, scalability, greater privacy, efficient processing, and modular structure distinguish it as a potential blockchain platform for companies.

This blockchain applications development company can be divided into two types: Hyperledger Fabric and Hyperledger Sawtooth. You can choose the blockchain app developers as per your needs and other demands.

3. Hedera Hashgraph

  • Industry Core: Cross-Industry
  • Governance: Hedera Hashgraph Council
  • Consensus Algorithm: Asynchronous Byzantine Fault Tolerance
  • Ledger Type: Permissioned

Hedera Hashgraph is as quick as your internet connection. The Hedera platform’s time to finality is measured in seconds. All thanks to its ability to perform thousands of transactions every second and validate a million signatures per second.

This blockchain applications technology enables developers to create a completely new category of robust Apps. Whether you’re a startup or a large corporation, this blockchain-based enables developers to build quick, fair, and safe apps. As a consensus technique, it utilizes asynchronously Byzantine Fault Tolerance.

4. Ripple

  • Industry Core: Financial Services
  • Governance: Ripple Labs
  • Consensus Algorithm: Probabilistic Voting
  • Ledger Type: Permissioned

The ripple platform, which was launched in 2012, is well-known for its cross-border payment capabilities. It has a large following among payment providers, banks, and corporations.

Ripple enables global payments using the digital currency, which is now the most popular cryptocurrencies alongside Ether and Bitcoin.

Also, it supports payments in a variety of blockchain applications assets, including non-native assets, BTC/LTC, and currencies.

Features such as ‘issuance’ enable users to secure and transfer a specific asset, lowering payment costs and increasing transaction efficiency.

5. Ethereum

  • Industry Core: Cross-Industry
  • Governance: Ethereum Developers
  • Consensus Algorithm: Work Proof
  • Ledger Type: Permission less

Ethereum, which was launched in 2015, is the second huge cryptocurrency platform. It means it is just behind Bitcoin. It’s a decentralized open-source platform for blockchain applications that supports smart contracts.

It has its own coin, Ether (ETH). Millions around the world are making payments with ether. It allows for the safe exchange of payment systems and cryptocurrencies. ​

Ethereum uses a PoW smart contract algorithm which is slower than other blockchains. This platform is ideal for creating bitcoin wallets, financial apps, decentralized markets, games, and a variety of other applications.

Final Words

Our article is an attempt to inform you about 5 best platforms for building Blockchain applications in a nutshell. We hope this post was of immense value to you. Ultimately, whatever you choose will be influenced by your needs and aspects like features, supported languages, security, & many more.

Peter Handscomb is an expert app developer at MobileCoderz, top mobile app development company. From his basic beginnings to completing 15 years in app development, he has worked with many organizations and enterprises. For his hobby, keeping up with the latest trends of the tech world is an all-day routine. Other day to day hobbies include reading novels, writing blogs and many more.   

Similar Link to Read: A Guide for Beginners to Invest and Trade in Best Cryptocurrency of 2021

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