How To Choose The Right Blockchain?

Blockchain technology seems to be picking up speed nowadays. This has now become a mainstream technology.

Distributed Ledger Technology (DLT)?is capable of solving many of the issues emerging from our increasingly connected society, as well as addressing real-world business concerns. From payment remittance to supply chain logistics to secure user identity verification, blockchains are being applied to an expanding field of domains.?

For these reasons, businesses across the globe?started to experiment with blockchain’s potential by developing blockchain apps/platforms. There are many blockchain networks out there, each considers itself the best in terms of scalability, unique features, or capabilities.

Criteria for selecting a blockchain platform:

1. Scalability: How scalable it is?
2. Efficiency: Throughput level
3. Adoption rate: Evaluate the strength of the community.
4. Security:?Level of privacy?
5. Interoperability:?How easily it can interact with other blockchains and leverage the benefits of multiple blockchain networks simultaneously.
6. Reliability:? How reliable it is???

Selecting the right blockchain platform for your business does not have to be a chore. By keeping it simple and staying with the most tried and trusted solutions, you can both get your platform up and running in a reasonable timeframe and maximize your chances for success.

Here is a list of the top blockchain platforms:

1. Ethereum
2. Quorum
3. Corda
4. Open Chain
5. Polkadot
6. Stellar
7. Solana
8. Binance Smart Chain
9. Polygon
10. EOS
11. Hyperledger
12. Tron

If you are confused about selecting the right blockchain platform for your business, then connect with me. I can help you to realize your?blockchain project idea.

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