Top Platforms Being Used for the Development of Blockchain

Blockchain technology is not being used only in the Finance sector. It is also extremely appropriate for healthcare, taxation, entertainment and other domains. The technology can definitely suit the operational system, expectations, goals and needs of each industry. Below are some of the top platforms being used for the development of the Blockchain technology.

Chain Core

The platform has exclusively been designed for financial services. It helps in the management of every given asset on a blockchain network. It works similar to an immutable ledger and records every transaction without any worries of duplication. It also works in controlling multi-signature accounts and allowing better privacy and security.

Ethereum

This is open source and a very advanced blockchain platform that lets any user to create and use decentralized applications that can operate on the blockchain network. Ethereum, as compared to the Bitcoin protocol, was created to be flexible and versatile. Building new applications is easier on the Ethereum platform. The Homestead release has made it safer for any individual to use applications created on the Ethereum platform. This is among the most mature blockchain platforms adopted widely by the Cryptocurrency community.

Corda

This is the sole distributed ledger platform managing and controlling legal contracts with the help of automation. It also offers support to many consensus providers with varied algorithms present on the same network. This decentralized database platform was invented to satisfy the needs for the concerns of scalability, privacy and scalability regulation related to a blockchain network. It helps restrict data access to only those users who have especially been authorized, instead of the whole network.

Credits

This is the first ever self-regulated blockchain system, offering a one-of-a-kind blockchain technical implementation. It solves the issues of high transaction costs and slow speed, and is able to execute over 1,000,000 transactions each second. Only a few other platforms can offer as speedy execution of smart contracts as Credits. It stands apart from other platforms based on its smart contracts, unique functions, schedules and extended application programming interfaces.

Elements

It combines the blockchain platform elements with many extensions and features experiments for the Bitcoin technology. It allows users to create their proprietary networks by using arbitrary asset tokens or sidechain pegged Bitcoin. Confidential transaction is one of the biggest advantages of this platform, which restricts transaction details only to users who are involved in a transaction. This makes it more private than the Blockchain system that is generally used.