List Of Top 10 Blockchain & Crypto Networks

As interest in blockchain technology grows, companies are beginning to realize the potential of blockchain networks. Projections indicate that the blockchain industry will reach $67.4 billion by 2026. Blockchain technology initially impacted the banking industry, but researchers are now exploring its potential applications in other industries, including software engineering.

Businesses are skyrocketing the need for blockchain development networks as they explore the potential of blockchain technology by creating blockchain apps. 

What is the Blockchain Network?

Digital ledgers called blockchains can reliably record and verify the transfer of digital or real-world assets across a network. Blocks that form a chain store information in a blockchain database. All nodes in the network must agree to alter or remove links in the chain to maintain the integrity of the data over time. You can use blockchain technology to create an unalterable or immutable ledger to track orders, payments, accounts, and other transactions. The system’s inbuilt features prevent fraudulent transaction submissions and align with a common understanding of these transactions.

List Of Top 10 Blockchain & Crypto Networks 

The following is the blockchain & crypto networks platform list.

1. Ethereum

• Type of Network: Smart Contract and Public
• Pricing: Ether for Transactional and Computational Services
• Supported Languages: Python, Go, C++
• Consensus Type: PoW (Proof of Work)

Recently, people have been talking a lot about the Ethereum blockchain network. The public blockchain platform Ethereum is well-known for its ability to execute smart contracts on the distributed ledger.

The best platform for creating decentralized applications (Dapps) and Decentralized Autonomous Organizations (DAOs) is Ethereum. In contrast to the Bitcoin protocol, Ethereum enables the secure exchange of smart contracts and cryptocurrency.​

The business world quickly embraced Ethereum as the go-to blockchain platform. As a result, serious business software developers often choose it as their top platform.

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2. Hyperledger Fabric

• Type of Network: Permissioned
• Pricing: Open Source
• Supported Languages: Python
• Consensus Type: Pluggable Framework

The Hyperledger Fabric toolkit facilitates the creation of blockchain-based programs. The Linux Foundation backed it, and was built from the ground up for use in corporate distributed ledger applications. The software includes various modules that users can combine into a flexible framework. Using closed blockchain deployments greatly benefits security and speed. The open smart contract model that it provides can incorporate various data models like the account and unspent transaction output (UTXO) models.

3. OpenChain

• Type of Network: Private Network
• Pricing: Open Source and Free Pricing
• Supported Languages: JavaScript
• Consensus Type: Partionned Consensus

The platform is an open-source blockchain. OpenChain is designed to dependably, safely, and scalably store digital assets. Each instance of its partitioned consensus algorithm has only one trusted authority for valid transactions. This platform’s client-server design increases efficiency and trustworthiness.

4. Multichain

• Type of Network: Permissioned
• Pricing: Free and Open Source
• Supported Languages: Python, C#, C++, JavaScript
• Consensus Type: Probabilistic Voting (Passive)

MultiChain forks Bitcoin and is open-source. Implementing it is simple; you can create public or private blockchains from scratch. The developers have designed well-thought-out features and enhancements with business and commercial users in mind.

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5. IBM Blockchain

• Type of Network: Permissioned
• Pricing: Free and Paid Plans for Upgraded Applications
• Supported Languages: Go, Java

Manders states that IBM Blockchain, a private, decentralized blockchain network, has found the most success, with business clients willing to take more chances. He believes that integrating it with enterprise cloud and legacy technologies is the biggest potential, which can be done more smoothly than other distributed networks currently allow. IBM built its Blockchain developer tool with adaptability, practicality, and personalization in mind. IBM has also tried to develop a user-friendly interface, making it easier for users to perform crucial tasks such as configuring, testing, and deploying smart contracts.

6. R3 Corda

• Type of Network: Permissioned
• Pricing: Open Source and Free Pricing
• Supported Languages: C++ and Javascript
• Consensus Type: Pluggable Framework

Some people have been discussing whether R3 Corda is a blockchain or another distributed ledger. The novel consensus mechanism employed does not periodically batch multiple transactions into a block but instead uses cryptographically linked transactions. The official Corda website states it is “both a blockchain and not a blockchain.” This method has one of the main advantages compared to other blockchain implementations: it processes all transactions in real-time. The financial sector widely supports the R3 consortium because it offers an appealing approach for financial transactions and smart contracts with strong security, thanks to Corda. The most vocal advocates include Bank of America, HSBC, Intel, and Microsoft. 

7. Hyperledger Sawtooth

• Type of Network: Permissioned
• Pricing: Free and Open Source
• Supported Languages: Python
• Consensus Type: Pluggable Framework

The Linux Foundation backs another open-source blockchain initiative called Hyperledger Sawtooth. Proof of elapsed time is a novel consensus mechanism employed by it, and it can integrate with hardware-based security technologies to enable the execution of code in secure enclaves of computer memory known as “trusted execution environments.” Shawn Amundson, the principal consultant of Bitwise IO, has stated that the most common uses are supply chain system development and Sawtooth customization for unique purposes, such as novel consensus algorithms.

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8. Stellar

• Type of Network: Public & Private
• Pricing: Open Source
• Supported Languages: Javascript, Java
• Consensus Type: Stellar Consensus Protocol

Stellar provides an accessible blockchain platform for exchanging and transferring funds. Generating, exchanging, and sending digital representations of any currency, including dollars, bitcoin, pesos, etc., is easy. Financial institutions are exploring blockchain technology to improve their services’ trustworthiness, efficiency, and safety, with more than two-thirds participating. Stellar facilitates the creation of safe and quick fintech applications, tokens, and digital assets that represent financial assets. It is a significant and scalable blockchain platform.

9. EOS

• Type of Network: Permissioned
• Pricing: Open Source
• Supported Languages: C++
• Consensus Type: Delegated Proof-of-Stake

The creators built EOS as a blockchain system for creating reliable and scalable decentralized applications. Ethereum and Bitcoin address scalability problems by hosting decentralized applications (dApps), enabling smart contract functionality, and providing decentralized storage for enterprise solutions.

The EOS platform achieves consensus without charging users transaction fees using multithreading and delegated proof-of-stake algorithms. Developers and investors can discuss the system on the “EOS forum.”

10. Quorum

• Type of Network: Permissioned
• Pricing: Open Source and Free
• Supported Languages: Python
• Consensus Type: Majority Voting

J.P. Morgan co-founded Quorum, one of the most popular blockchain platforms businesses and the financial sector use. Many banks and other financial institutions now use it because of this. The distributed ledger system it employs uses cryptography to keep your financial dealings private. The developer community of Quorum has shown strong support because it relies on privacy and decentralization.

Anyone can use the public blockchain. The system’s primary purpose is to process highly confidential transactions for use in applications. Quorum addresses the problems other blockchain platforms have with protecting the privacy of digital records.

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Conclusion

Finally, this list of top blockchain networks has helped you. We hope you make the best decision in choosing which blockchain solution is right for your enterprise.

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