Top 5 Blockchain Platforms To Watch For In 2021

The growing demand for Blockchain technology has contributed to a rise in demand for Blockchain professionals, and various organizations have recognized its potential in increasing use cases. Many of the big names are therefore aggressively investing in the discovery of various avenues of this technology.

Blockchain is a distributed ledger program that offers a decentralized network where data exchange takes place without interference from third parties. You'd have noticed that there are different frameworks when we speak about Blockchain platforms, some of which are public, while others are allowed. In the present situation, the latter is the field of concern for most banking institutions. There is a growing discussion regarding approved Blockchain networks because they are extremely stable, and the exchange is allowed by its members.

These platforms allow applications based on Blockchain to be built and some of the interesting ones include Ethereum, Hyperledger, Corda, R3 and EOS. These are only a couple of names, though in the making there are many others and others are in use. If you are still wondering why you need to invest in blockchain platforms, then the advantages provided by these platforms must be taken into account:

1. Verify what kind of Blockchain platform is right for your company

2. What sort of languages do they support?

3. Verify the platform's credibility

4. The scalability of the platform should not be tested.

Top 5 channels you want to look forward to:

Stellar: This is a distributed ledger platform which enables assets to be exchanged. It enables fiat currencies and cryptocurrencies to be traded. For smart devices, mobile wallets and banking instruments, this platform can be used.

Tezos: The next one on our list is Tezos, which is similar to the Tozzi digital token. You must note, however, that this platform is not focused on Tez mining. Users are bonuses for engaging in the process of proof-of-stake consensus.

Hyperledger fabric: This is a common name and was created by the Linux Foundation. It is an approved Blockchain platform that seeks to provide a solution at the enterprise level.

Hyperledger Sawtooth: Linux introduced this platform and contributed to it through IBM and digital assets. This provides an enterprise-level approach. In order to run distributed ledgers, this platform has been developed to help manage digital records without any central governing authority.

Ripple: In 2012, it came into being. This platform has been built through the Blockchain network to connect various payment providers, banks and digital asset exchanges. Global payments occur via XRP or Ripple.

This is based on advanced Blockchain technology, and Ripple is quicker than other Blockchains and more scalable.

These are some of the prominent Blockchain platforms that have garnered investors and businesses a lot of attention.

Ahead of the Way:

We will see a rise in demand for Blockchain experts and Blockchain developers in the coming days, who will help leverage Blockchain technology for business development. This is the best time to start if you want to learn more about Blockchain technology and its advantages. To know more about the different certification programs in the Blockchain domain, communicate with the Blockchain Council.