Blockchain is all the rage these days, and it’s being hailed as the future of everything from supply chains to data management. Blockchain technology is one of the most exciting new developments in the business space, and it’s not slowing down any time soon, considering the soaring cryptocurrency prices.
It will continue to affect every industry on the planet, but which platforms will be the most influential? In 2023, blockchain technology will be a key component of everyday life and there will be tons of platforms that allow us to utilize its capabilities.
Top Blockchain Platforms To Watch Out
The Ethereum platform is a decentralized software platform that enables developers to build and deploy decentralized applications (DApps). It uses a blockchain similar to bitcoin to store data securely. Although the Ethereum platform has its own cryptocurrency called Ether, it is more than a currency.
It includes smart contract functionality that allows developers to build applications that automatically execute tasks when certain conditions are met. These tasks can include transferring funds from one party to another, executing computer code on a remote server, or updating a database of information.
Solana is a blockchain development platform that was announced as an open source project in May 2018. This platform offers unique insights into the future of blockchain technology and its evolution from cryptocurrencies to dApps.
Solana believes that the future of blockchain is not one giant immutable blockchain, but rather a network of smaller blockchains with a variety of purposes, each with its own token.
With Solana, users can create and publish their own network with its own rules, and each network has the ability to scale independently and be modified without affecting other networks.
Cosmos is a decentralized network of independent parallel blockchains that communicate with one another, enabling anyone to easily build and deploy their own secure blockchain application. It’s the first blockchain in a series of projects that includes Polkadot, which is being developed by the same team.
Cosmos has created a network of blockchains that communicate with one another and are easily interchangeable as a single global token economy. Cosmos aims to be a platform for all other blockchains, allowing them to link into its network of dApps and become interoperable with others by using the same underlying technology.
While there are many options to choose from as a blockchain platform, Stellar (XLM) offers some unique features that could make it an extremely important part of the landscape in 2023. Stellar is an open-source platform owned by the non-profit Stellar Development Foundation.
The idea behind Stellar is that the core infrastructure of the platform—like a digital ledger and consensus algorithms—can be used to create services for people to use. The goal is to provide access to low-cost financial services for anyone in the world.
Tezos is a public, permissionless distributed ledger that can guarantee the validity of transactions without the need for a trusted third party. This eliminates the need for centralized authorities (i.e., banks), which are susceptible to external manipulation. It also allows for greater transparency, as all transactions are made in an open and publicly accessible blockchain.
Laying the foundation for fundamental blockchain technology, Tezos is built on three main pillars: governance, consensus and token mechanics.
EOS – EOS, which stands for “Ethereum Operating System,” is a blockchain platform designed to support smart contracts and decentralized applications. Since its launch, EOS has been used in several projects and has been well-received by investors, with some even saying that it’s the Ethereum killer.
Its main selling point is its high processing speed—it can reportedly make more than 50,000 transactions per second. It costs $1.5 million to deploy one node on EOS’s network, so it’s not cheap, but if any company wants to utilize smart contracts or DApps quickly and efficiently, it might be worth the price tag.
Elrond is a blockchain platform that offers a unique consensus model to help developers create secure and scalable dApps. The project’s hybrid Proof-of-Stake/Proof-of-Authority consensus mechanism ensures scalability and security, while its built-in governance system allows for flexibility and functionality with minimal risk. With an emphasis on privacy, Elrond aims to be more user-friendly for both users and application developers.
Elrond has an active community on Telegram and Twitter, as well as its own blog that is updated weekly. The project also offers a wallet that allows users to stake tokens and participate in governance.
What Is In Store for Blockchain Technology?
Blockchain technology has had an enormous impact on our society and culture. From the cryptocurrency craze to its use in the music industry to facilitate “smart contracts,” blockchain is a new force that is changing how we live our lives.
BRISE is one of those projects that has been built from scratch using cutting-edge blockchain technology. It is accompanied by a really strong marketing strategy and it’s backed by a very professional development team. Given how easy it is for anyone to create their own tokens on the BRISE blockchain, we can expect an increase in BRISE price as this project becomes popular among businesses.
It’s predicted that blockchain is going to be one of the biggest changes in the global business model, second only to The Internet. It’s easy to see why: Blockchain opens up a world where people are able to exchange value across borders without using centralized businesses or banks as middlemen.
The future of blockchain will undoubtedly be an exciting one, but it’s hard to predict what that world will look like when it finally comes around. Technologies that exist today are still being developed and adapted, and there are countless more yet to be discovered and invented.
As the software behind blockchain evolves, companies and organizations will continue refining their products and services with new features and functionality for years to come.