This guide will help you in understanding what this blockchain technology is all about its benefits and how it works.
The increasing demand for Blockchain technology has led to the surge in demand for Blockchain professionals, and its increasing use cases have made different businesses realize its potential. Hence, many of the big names are actively investing in exploring different avenues of this technology.
Blockchain is a distributed ledger technology that provides a decentralized platform where information exchange occurs without third-party intervention. When we talk about Blockchain platforms, you would have noticed that there are different platforms, some of which are public, while others are permissioned. The latter is the area of interest for most of the banking institutions in the present scenario. There is a growing talk about permissioned Blockchain platforms because they are highly secure, and it has its members authorizing the exchange.
These platforms allow the Blockchain development based applications and some of the interesting ones include Ethereum, Hyperledger, Corda, R3 and EOS. These are only a handful of names, while there are many others in the making and others are in use. If you are still wondering why you need to invest in Blockchain platforms, then you have to take into account the benefits that these platforms offer:
Top 5 platforms that you should be looking forward to:
Stellar: This is a distributed ledger platform that allows the exchange of assets. It allows exchange between fiat currencies and cryptocurrencies. This platform can be used for smart devices, mobile wallets and banking tools.
Tezos: The next in our list is Tezos which is linked to digital token Tozzi. However, you must know that this platform is not based on the mining of Tez. The users are rewards for participating in the proof-of-stake consensus mechanism.
Hyperledger fabric: This is a popular name, and was developed by Linux Foundation. It is a permissioned Blockchain platform that aims at providing an enterprise-level solution.
Hyperledger Sawtooth: This platform was launched by Linux and contributed by IBM and digital assets. It offers an enterprise-level solution. This platform has been created to execute distributed ledgers, which helps maintain digital records without any central governing authority.
Ripple: It came into existence in 2012. This platform has been developed to connect different payment providers, banks and digital asset exchanges via the Blockchain network. The global payments take place via XRP or Ripple.
This is built on advanced Blockchain technology, and Ripple is faster and more scalable than other Blockchain.
These are some of the popular Blockchain platforms that have garnered a lot of attention from the investors and companies.
The way ahead:
In the times to come, we will witness a rise in the demand for Blockchain experts and Blockchain developers who will help in leveraging Blockchain technology for the growth of the business. If you want to learn more about Blockchain technology and its benefits, this is the right time to begin. Connect with the Blockchain Council to know more about the various certification programs in the Blockchain domain.
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