Top Smart Contract Platforms For Your Business: Essential Points To Consider

How To Choose Blockchain Platform

  • Type of network
  • Governance
  • Consensus algorithm
  • Development features

Type Of Network

  • Public systems allow anyone to become a link in the chain and process transactions.
  • Private blockchains accept new members only by special invitation.
  • Hybrid blockchains combine the features of public and private ones.

Governance

  • the majority does not always make the right decision
  • since blockchain is immutable, there is no way to withdraw the question put to a vote
Blockchain governance

Blockchain Consensus Algorithm

Proof-of-Work

Proof-of-Stake

POW vs. POS

Practical Byzantine Fault Tolerance

Delegated Byzantine Fault Tolerance

Asynchronous Byzantine fault tolerance

BFT cons

Blockchain consensus algorithm

Development Features

  • Solidity
  • Golang
  • Javascript
  • C++
  • Java
  • SQL

Top List Of Smart Contract Platforms

Ethereum

Ethereum

Hyperledger Fabric

  • high speed of transaction;
  • low cost of operation;
  • identification of all participants.
Hyperledger Fabric

NEO

NEO

EOS

EOS

Cardano

Cardano

NEM

NEM

Ripple

Ripple

Stellar

Stellar

Smart Contract Platforms Comparison

Comparison table

So, What Smart Contract Platform To Choose?

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Softensy specializes in fintech development and enterprise-level apps. Our team helps companies automate business processes by developing software solutions.

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Softensy

Softensy

Softensy specializes in fintech development and enterprise-level apps. Our team helps companies automate business processes by developing software solutions.

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