Blockchain, a word that is extremely commonly used in today’s world, is a ledger in the digital ecosystem that distributes, decentralizes and stores information in such a way that one cannot cheat, change or hack it. Even though blockchain is most commonly used in cryptocurrencies, it has several other uses as well, and it goes without saying that blockchain has brought a major change in the ways we see and do things on the internet. Blockchain undoubtedly provides transparency and immutability in the way businesses function and perform.
One of the many reasons businesses are accepting the blockchain framework is because it eliminates the need for a middleman and provides everyone in the network with the transparency to the transactions and validate them. The use of blockchain technology not only provides transparency but also facilitate valuable transactions of valuable assets – be it properties, digital files currency or everything in between and more.
What are the top 5 blockchain development frameworks?
Just like any other network, Blockchain needs a development framework too, to keep the ball rolling. Here are the top five blockchain development frameworks that keep the data and sensitive information safe:
- Ethereum: It would not be an overstatement to call Ethereum one of the most popularly used blockchain development platforms to ever exist. It is an open-source platform and the first-ever blockchain development platform to exist. Individuals can create a smart contract on the Ethereum framework which provides them with a specific address in the Ethereum blockchain. Since Ethereum features permissionless ledger-type, it is open for public use.
- Hyper ledger Fabric: Like Ethereum, Hyper Ledger Fabric is open-source, and supports Smart Contracts too. It is permissionless and mostly used by enterprises that want to integrate blockchains into their business operations or build blockchain-based solutions and applications.
- Eosio: If you are looking for an open-source blockchain development framework that is not only fast but also reliable in the long run, Eosio is your go-to choice. It is highly secure and allows the user to deploy smart contracts on its existing networks, whenever they want it. If you want to build your Eosio network and deploy smart contracts in them instead, you can do that too without any restriction. Eosio is fast becoming a favourite among blockchain network developers because it is efficiency, highly configurable nature and extremely developer-focused features.
- Corda: It is another high-demand open-source platform designed for financial institutions, that allows direct transactions as well as monitors and records financial transactions. Ever since its launch in 2015, Corda has expanded to the fields of digital assets, healthcare, insurance, and finance.
- Quorum: Founded by JP Morgan, just like Corda, Quorum is designed to serve the finance industry and enterprises that want to adopt the blockchain platform for their businesses. The smart contracts in Quorum are written in Solidity, the same as Ethereum, making it easy for users to Ethereum to Quorum and vice versa.
Conclusion
These are some of the most popular blockchain development frameworks that are fast becoming popular around the world or their unique features. These blockchain frameworks are changing the world and how cryptocurrencies perform and function.