FX.co ★ Ten promising blockchain platforms

In the modern world, cryptosphere is actively developing, as a result, many platforms, based on the technology of blockchain, are being created. Entrepreneurs and traders working with digital assets sometimes experience difficulties in choosing the best one. We suggest you familiarize yourself with the most promising of them.

Ethereum

To date, there is a huge demand for a blockchain platform based on Ethereum. One of the reasons for the popularity is impressive functionality and ample opportunities for developing smart contracts. The Ethereum platform is used in the financial sphere. Cryptocurrency Ethereum, operating on the basis of the platform of the same name, is the second most important global digital asset. Most cryptocurrencies are also created based on Ethereum. Advantages of the project include the presence of smart contracts and high activity of the community. A large network load is a disadvantage.

Hyperledger Fabric

This platform was created in 2015. The project is developing a distributed accounting system (ledger). The emphasis is made on creating platforms that support global business transactions. The project is designed to develop solutions using blockchain technology. The platform is based on a modular architecture, through which other elements, for example, the consensus algorithm, can join the main network. Disadvantages of Hyperledger Fabric include high cost, advantages - focus on the corporate segment and the active development of the platform.

EOS

The EOS blockchain platform was launched in 2018. Its function is to provide computing resources for developers and the ability to work on the basis of the Web Assembly program. Smart contracts operate on the platform. Advantages of EOS include innovative solutions for planning, authentication and creating Internet applications. EOS services allow you to fully focus on business processes. The project has the possibility of rapid scaling and there are no commissions. Disadvantages include a small work experience, as well as a high probability of re-evaluation of the project.

IBM Blockchain

The IBM techno giant introduced an innovative blockchain platform, which received positive feedback for the progressiveness and convenience in conducting transactions. It has one of the best mechanisms for consensus. The advantages of IBM Blockchain include the availability of controlled access and a variety of tariff plans for an application upgrade. The experts have not yet found any shortcomings.

Multichain

The Coin Sciences company has developed specialized software, which has a high level of security and stability. Over the course of four years, the structure of Multichain has been changed, thanks to which the system has become convenient for both ordinary and corporate clients. The open source project, created on the basis of Bitcoin, is used to develop block chains. The platform is great for business. The advantages of Multichain include the presence of private networks with controlled access, free and transparent pricing and rapid execution of operations.

Cardano

The project provides a scalable integrated programmable transfer of value. The Cardano blockchain platform is created in the highly secure Haskell programming language. The project differs from the others in that it has a separation of computational layers. The platform consists of a base layer for operations with ADA cryptocurrency, as well as a separate layer for the operation of smart contracts. Another difference is the availability of the DPoS consensus algorithm. Advantages of Cardano are scalability and multioperability, and the drawback is a lack of extensive experience.

Openchain

It is an open source platform widely used in organizations and enterprises. The system has custom access at various levels. Positive sides of the Openchain blockchain platform include the availability of multiple degrees of access and high privacy. Openchain tokens can be tied to bitcoin by creating sidechains. There are no disadvantages found at the moment.

Stellar

There is an open source code at the heart of the Stellar blockchain platform. Nodes of the Stellar network store records of all accounts in the common blockchain and synchronize with each other forming a world ledger. A distinctive feature of Stellar is the convenience in conducting microtransactions, low commission and excellent compatibility with the global financial market. The platform supports the work of smart contracts, but the complex functionality does not work on it. At the moment, Stellar is actively developing and cooperating with such giants of the market as IBM and Deloitte.

BigChainDB

This blockchain platform has an open source code. The BigChainDB database contains all the necessary information, so you do not need to use the sidechains on the platform. The advantages of BigChainDB include the availability of both private and public blockchain networks, as well as customized assets and transactions. There is no native cryptocurrency in the project. The experts did not find any shortcomings of the platform.

Quorum

This project was developed by the J.P. Morgan largest investment bank and is a customized version of the Ethereum cryptocurrency. This public blockchain system is designed for smart contracts. At the end of March 2018, the management of Quorum decided to secede from JP Morgan. The separation is planned to be fulfilled by the end of this year, but the bank intends to retain its share in this project. The advantages of the Quorum platform are obvious: it is suitable for high-speed applications, and also has the CakeShop innovative graphical interface. Disadvantages of this project weren't found.