Top 5 next-generation blockchain platforms to watch in 2018
The recent scalability debate around Ethereum gave birth and attention to various projects that may very well take the spotlight from the popular blockchain platform. While Ethereum already gained significant network effects, especially thanks to the biggest developer community in the industry, it has also become slow in adopting new features that would secure its sustainable growth and success.
Similar to how MySpace was eventually replaced by Facebook, there could very well be the case that the first-to-market platform Ethereum will eventually be replaced by a more agile competitor that can implement new technologies at a much higher pace. Here’s some next-generation blockchain platforms (or blockchains 3.0) that you should be following in the next months.
Key elements where we see Ethereum showing potential of being disrupted are:
Morpheus Labs is a Blockchain-Platform-as-a-Service provider, specifically targeted towards business customers that want to quickly deploy and test decentralized Applications (dApps).
With a special focus on interoperability, Morpheus Labs is very much blockchain-tech agnostic, which could turn out to be a very wise decision in the long-term.
The Morpheus Labs BPaaS simplifies and expedites your blockchain application development and gives you the flexibility to choose between available programming languages and blockchain runtimes that better suit your needs. You get unparalleled benefits from an integrated collaborative development environment, workspace management, version control repository and many preconfigured tasks.
Morpheus Labs uses the MITx token to fuel its token economy and also incentivizes long-term holding of the token using a proprietary Proof-of-Alliance (PoA) framework.
DFINITY is an Ethereum-family technology and is fully compatible with the public Ethereum network — if you can run a Dapp on Ethereum, you can run it on DFINITY too. There exist several fundamental differences between the networks however, and they are really sister systems offering different things.
DFINITY introduces new crypto:3 protocols and techniques that aim to deliver extreme performance, unlimited scalability, interoperability and other benefits. Another difference is that whereas in Ethereum “The Code is Law”, DFINITY introduces governance by a decentralized intelligence called the Blockchain Nervous System. These differences involve tradeoffs, and DFINITY is best understood as an exciting new extension of the Ethereum ecosystem that will make it much, much stronger.
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
The platform is being constructed in layers, which gives the system the flexibility to be more easily maintained and allow for upgrades by way of soft forks. After the settlement layer that will run Ada is complete, a separate computing layer will be built to handle smart contracts, the digital legal agreements that will underpin future commerce and business.
EOSIO is a software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOSIO Software”). This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters.
The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications.
Zilliqa is a high-throughput public blockchain platform designed to scale to thousands of transactions per second.
Zilliqa processes more transactions per second as more mining nodes join the network. This may sound like a natural thing at first, but it is actually technically challenging to accomplish and certainly hasn’t been accomplished by existing blockchains.
Their public testnet version of blockchain is out and the mainnet launch is scheduled for the 3rd quarter of this year.
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