Blockchain can be complicated for many people; this article includes a list of all blockchains, platforms, and more while giving basic information about the technology itself.
The list of all blockchains platforms includes some of the best platforms that could be useful for you. Learning the basics of blockchain will come in handy for you in the future. Especially if you want to pursue a career in the field, you better know the ones below. Here is the top 10 list of all blockchains platforms!
What is blockchain?
A distributed, decentralized digital ledger called blockchain is used to securely and publicly record transactions. A list of transactions is contained in each block of the chain, and every time a new transaction is added, a new block is created and added to the chain. Blocks are arranged in a chain to form them. After being uploaded to the blockchain, a block’s data cannot be altered or withdrawn, creating an irreversible record of all transactions.
Although blockchain technology was initially created to support the Bitcoin cryptocurrency, it has now been modified for use in various applications outside of cryptocurrencies, such as supply chain management, voting systems, and identity management.
One of the key features of blockchain technology is its decentralized nature, which implies that there is no central authority or mediator involved in the transactions. Instead, transactions are processed and verified by a network of nodes, enhancing the system’s dependability and security.
Blockchain technology can totally alter a variety of businesses by enhancing data management and transaction efficiency, security, and transparency.
How many blockchain platforms are there?
Currently, many different blockchain systems are available, and more are being developed all the time. Although it is difficult to pinpoint the exact number of blockchain systems, some estimates put the figure in the hundreds. The top 10 list of all blockchains covers the best and most used among them.
Among the most well-known blockchain platforms are Bitcoin, Ethereum, Ripple, Litecoin, and EOS. Each one has a unique purpose and set of characteristics. Additionally, many additional blockchain platforms are being developed for specific use cases, like supply chain management, digital identity, and voting systems, to name a few.
Top 10 List of all blockchains platforms
The top 10 list of all blockchains platforms is below but don’t forget different platforms have different advantages. You must understand your needs and select the right one for your needs. The list of all blockchains platforms has been written accordingly, and now it is your turn to inform yourself!
A distributed ledger can be used to execute transactions and exchange assets in a secure, scalable, and transparent manner using IBM Blockchain. Built on the Hyperledger Fabric, an open-source initiative managed by the Linux Foundation, IBM Blockchain was originally announced in 2015. It is one of the top picks on the list of all blockchains.
It provides companies with the resources they need to create and implement blockchain solutions to boost their operations’ reliability, openness, and effectiveness. Thanks to several important characteristics, IBM Blockchain is a top option for companies wishing to use blockchain technology. One of these benefits is its modularity, which enables developers to produce unique blockchain solutions tailored to a company’s particular requirements.
Using encryption and consensus techniques to guarantee the integrity and confidentiality of network transactions, IBM Blockchain prioritizes security. The platform is also made to be extremely scalable, which qualifies it for use in expansive production environments.
Another advantage of IBM Blockchain is its interoperability, which enables the integration of numerous blockchain networks. It is simple to do so with other IBM technologies like IBM Cloud and IBM Watson. Last but not least, IBM Blockchain provides services and tools for managing consortia, allowing companies to coordinate and control blockchain networks.
Smart contracts and decentralized applications can be created using the open-source, decentralized Ethereum blockchain technology (dApps). Vitalik Buterin made the initial suggestion in 2013, and it was launched in 2015. Because it offers a complete programming language, Ethereum allows developers to create and deploy their own decentralized apps on the Ethereum network, setting it apart from existing cryptocurrencies like Bitcoin.
The capacity to build smart contracts, self-executing contracts in which the details of the agreement between the buyer and seller are explicitly encoded into lines of code, is one of Ethereum’s fundamental characteristics. This makes it possible to automate transactions and lessens the need for middlemen.
Ethereum accepts payments using its own money, Ether (ETH), for transactions and computational services on the network. The platform also uses a proof-of-work consensus technique, enabling a decentralized, trustless network.
A burgeoning community of programmers and entrepreneurs has been using Ethereum’s platform in recent years. The Ethereum community is aggressively striving to increase the network’s scalability and effectiveness, and there are plans for it to switch over to a proof-of-stake consensus process soon.
Ripple is a network for currency exchange, remittances, and real-time gross settlement (RTGS) developed by the US-based technology company Ripple Labs Inc. A consensus ledger, a distributed open-source system, and the cryptocurrency XRP are the foundations of Ripple. With no chargebacks, Ripple wants to make it possible for “safe, quick, and almost free worldwide financial transactions.”
The basic goal of Ripple is to build a decentralized network that enables quick and affordable international payments. The XRP Ledger, the blockchain on which Ripple’s technology is built, employs a special consensus mechanism to validate transactions. Compared to the conventional proof-of-work methods employed by other cryptocurrencies, our consensus algorithm enables substantially faster confirmation times and more effective use of network resources.
In addition to being used by many banks and payment providers globally, Ripple collaborates with numerous financial institutions and payment providers, including American Express and Santander. Ripple technology may be seamlessly incorporated through these alliances into current financial institutions, creating a bridge between the traditional banking sector and the cryptocurrency industry. Ripple is another sold pick on the list of all blockchains.
The Solana blockchain platform is a high-performance one created for decentralized applications and digital assets. It was established in 2017 and had its main office in San Francisco. Solana is an ideal platform for decentralized exchanges, gaming, and other applications that require quick and efficient transactions because it is designed to scale and handle enormous numbers of transactions.
One of the main components of Solana is its Solana blockchain protocol, which validates network transactions using a proof-of-stake consensus mechanism and a unique consensus algorithm called “Tower BFT.” This enables quicker transaction times and less energy use than conventional proof-of-work consensus techniques. Solana is a well-respected platform, and that is why it made it to our list of all blockchains.
Solana offers a token economics concept that encourages network users to support the network’s stability and security. This contains a system for token burning that gradually lowers the quantity of SOL, the native token of the platform.
An expanding ecosystem of developers, investors, and users, as well as various decentralized applications and digital assets, already established on the platform, round out Solana’s technological accomplishments. Solana is also actively pursuing alliances with other blockchain platforms and businesses to increase its influence and footprint in the decentralized technology sector.
Cardano was developed in 2015 as a decentralized, open-source blockchain platform and cryptocurrency. It was created by the technological firm IOHK (Input Output Hong Kong), which specializes in blockchain research and development. Cardano seeks to offer a blockchain platform that is more reliable, scalable, and sustainable for the creation of decentralized apps and financial services.
One of Cardano’s distinguishing characteristics is its multi-layer architecture, which divides the platform into a control layer for smart contracts and decentralized apps and a settlement layer for transaction processing. Compared to single-layer blockchain solutions, this enables greater flexibility and scalability.
Cardano validates network transactions using the Ouroboros proof-of-stake consensus mechanism. Compared to conventional proof-of-work methods employed by other cryptocurrencies, this consensus process is intended to be safer and energy efficient. Cardano is one of the most trusted platforms on the list of all blockchains.
The Hyperledger project of the Linux Foundation developed the open-source blockchain platform known as Hyperledger Fabric. It features a modular architecture that enables better flexibility and scalability and is created for enterprise-grade blockchain applications. Hyperledger Fabric is among the most famous ones on the list of all blockchains.
Being a permissioned network, Hyperledger Fabric is distinctive because only approved participants can join the network and engage in transactions. This contrasts with open-access public blockchain platforms like Bitcoin and Ethereum.
The platform enables chain code-based smart contracts, which may be used to control network assets and carry out business logic. Additionally, Hyperledger Fabric offers private transactions, enabling private exchanges between network users.
One of its main advantages is the modular architecture of Hyperledger Fabric, which enables the customization of many components, including consensus algorithms and membership services. This makes it a useful platform for various use cases, from financial services to supply chain management.
The R3 group of financial firms developed the open-source Corda blockchain platform. It offers a safe and effective way for financial organizations to carry out transactions and manage digital assets because it was created expressly for financial purposes. Corda is another solid pick on the list of all blockchains.
Because Corda operates on a permissioned network, only authorized users can connect to the network and engage in transactions. This contrasts with open-access public blockchain platforms like Bitcoin and Ethereum.
CorDapps, smart contracts that can be used to automate corporate procedures and control network assets, are supported by the platform. Additionally, Corda supports privacy, enabling private communications between network users.
One of Corda’s main advantages is its emphasis on interoperability, which makes it simple to integrate with current financial systems and eliminates the need for numerous different blockchain systems. As a result, it serves as a good platform for financial institutions interested in implementing blockchain technology.
In 2017, Tron was developed as a decentralized, open-source blockchain platform and coin. Justin Sun founded it to create a decentralized internet and usher in a new digital content distribution era.
For the production and distribution of digital content, including games, music, and films, Tron seeks to offer a blockchain platform. The platform enables decentralized applications and smart contracts, making it possible to build decentralized applications directly without using middlemen.
Tron’s high throughput, which enables the speedy and effective processing of large amounts of transactions, is one of its primary advantages. This is made possible via the Tron Virtual Machine, a unique consensus mechanism that permits quick transactions and minimal latency.
In 2018, EOS, a decentralized, open-source blockchain platform, was developed. It was created to give developers of decentralized applications and smart contracts a scalable, adaptable, and effective platform. That is why EOS made it to our list of all blockchains.
Delegated proof of stake(DPoS), a distinctive consensus technique used by EOS, enables high-throughput and low-latency transactions. As a result, the platform can manage high transaction volumes and serve a variety of use cases, including those related to gaming, social media, and financial services.
EOS’s governance mechanism, which enables community-driven decision-making and platform upgrades without hard forks, is one of its distinguishing characteristics. In addition to giving users and developers more freedom and stability, the platform can react to shifting user demands and market situations.
Developed in 2014, Stellar is a decentralized, open-source blockchain technology. Its founding mission was to provide a platform for the exchange of digital assets, enable financial inclusion for people and organizations worldwide, and build a more accessible and egalitarian financial system.
Stellar promotes low-cost, quick, and secure cross-border transactions, making it simple for people and businesses to send and receive money internationally. The Stellar Consensus Protocol, a distinctive consensus technique used by the platform, enables quick, safe, and decentralized transactions.
One of Stellar’s distinguishing characteristics is its emphasis on financial inclusion, which gives businesses and individuals a platform to access financial services regardless of their location or financial situation. The platform is appropriate for various use cases, including remittances, micropayments, and digital identification, because it facilitates the production and exchange of digital assets.
Blockchain networks are distributed systems that protect and validate transactions using encryption and consensus procedures. These networks provide the infrastructure for the generation and trading of digital assets, including cryptocurrencies and other tokenized assets, which serve as the cornerstone of blockchain technology.
A network of nodes that individually keep a copy of the ledger and collaborate to validate transactions, reach consensus on the network’s state, and protect the system from malicious actors maintains blockchain networks.
Blockchain networks come in various forms, each with its own special characteristics, including public, private, consortium, and hybrid blockchains. Anyone can participate as a node, verify transactions, and get incentives on public blockchains like those used by Bitcoin and Ethereum. You can find more information about it in our permissioned blockchains guide.
On the other hand, businesses frequently use private blockchains for internal purposes, with access limited to only approved users. A combination of public and private blockchains, consortium blockchains give a chosen group of companies some level of access.
Decentralized, open-source blockchain networks known as public blockchains enable anybody to join as a node and validate transactions. These blockchains offer a platform for creating and trading digital assets, such as cryptocurrencies and other tokenized assets, and are distinguished by their transparency, security, and accessibility.
A network of nodes, each of which keeps a copy of the ledger and verifies transactions, maintains public blockchains. These nodes cooperate to determine the network’s state and protect the system from malicious actors. Public blockchains commonly employ proof-of-work (PoW) or proof-of-stake (PoS) consensus methods to confirm transactions and safeguard the network. Most of the platforms on the list of all blockchains are public.
Blockchain networks that are solely accessible to approved users are known as private blockchains, also referred to as permissioned blockchains. Private blockchains, in contrast to public ones, are often used by businesses for internal operations, with businesses controlling access to the network.
In general, private blockchains outperform public blockchains in terms of speed and scalability since they have fewer nodes and do not require consensus procedures to protect the network. Thus, they are highly suited for business and industrial applications like data management, finance, and supply chain management.
Blockchain networks that are owned and run by several organizations are referred to as consortium blockchains, hybrid blockchains, or multi-organizational blockchains. Combining characteristics of both public and private blockchains, consortium blockchains offer a middle ground between the control and privacy of private blockchains and the transparency and security of public blockchains.
Blockchains created by consortiums often have a limited number of nodes, with the consortium members controlling who has access to the network. These nodes cooperate to determine the network’s state and protect the system from malicious actors. Some of the platforms on the list of all blockchains above might go under the consortium blockchains category.
A list of all blockchains and platforms as listed above. Now you know how to pick the right one for you!