For building blockchain-based software, companies’ chosen blockchain networks
Technological advances are paving the way for new developments in our country. In the middle of all of these changes, we can’t talk about decentralised technology or Blockchain. Blockchain, or distributed ledger technology, was the underlying technology for Bitcoin trading. Blockchain has evolved over time, and it has rapidly become the basis for a wide range of business transformations. Blockchain is a peer-to-peer distributed ledger technology that works without the need for a central authority. As a result, Blockchain technology has had an impact. However, due to the anonymity and openness of Blockchain, everyone may participate in the system. To address this issue, Blockchain developers developed other Blockchain platforms that aided in the resolution of the issue that had previously posed Blockchain concerns. In this blog, we’ll discuss Blockchain networks.
Blockchain platforms are available in a wide range of sizes and shapes.
Ethereum is the second most talked-about cryptocurrency after Bitcoin. After all, Ethereum is a blockchain and a network that facilitates the development of decentralised applications. The smart contract is an important point that must be emphasised. It’s a pre-programmed digital contract that kicks in when the terms of the agreement are met. It is based on a method of proof-of-work. Python, C+, and Go are all supported programming languages.
Hyperledger Fabric is a permissioned Blockchain application that is open-source. It was developed as a business tool. Blockchain is a more secure network since only a limited number of individuals had the authority to grant permission to access the system. A network that can be wired in and out is known as a hyper ledger fabric. Python is an option. There was also decentralised storage and decentralised software.
EOS- EOS is the next network on our list, and it’s a permissioned network that also supports C++. This platform was launched in the year 2018. Smart contracts and decentralised storage are both possible with this platform. This Blockchain was designed to address the scalability problems that Bitcoin and Ethereum were experiencing, as well as to reduce transaction fees. It was also simpler to choose a reliable transaction exchange.
Ripple was launched in 2012 as a cross-border payment network. This platform allowed global crypto asset exchanges, such as ripple, on a global scale. This platform accepts both crypto-assets like Bitcoin and non-native assets like USD, Yen, and other currencies. This system uses a probabilistic voting system for voting.
These are a few of the most well-known Blockchain networks that have changed the way businesses work. Blockchain developers are working hard to improve the framework’s performance and scalability.
Consider taking the Blockchain Council’s Blockchain certification course if you want to learn more about Blockchain and how to use it to advance your career.