Top Blockchain You Can Use to Create Your Smart Contract

Most smart contracts use blockchain technology to interact and execute transactions with each other. Smart contracts are accessible in the form of data on the blockchain. It is usually written as a conditional statement and executed in the form of code.

Top 8 Blockchains You Can Use to Build Your Smart Contract

Different types of blockchain technology are available to create smart contracts. Let's talk over step by step:

1. ETHEREUM (POS)

Ethereum is now inferred as (POS). It is a former public and open-source blockchain platform. You need to understand solidity, which is an object-oriented Programming language to create your smart contract. A smart contract is hosted on?Ethereum virtual machine?(EVM).

2. POLYGON

Polygon was formerly known as a thematic network. The advantage of the polygon is the lesser gas fee with almost similar security to Ethereum. The Smart contract in polygon regulates the transaction, stacking, and communication between numerous polygon chains and Ethereum.

3. BINANCE

Binance smart coin is an alternative to Ethereum. The founder of Binance startcoin is Chanpeng Zhao. Don't get confused between binance smart coin and?Binance chain.?Overall Binance smart coin is the largest retail Crypto exchange and is supposed to be one of the best smart contracts.

4. LISK

The cryptocurrency on the lisk is "LSK" and it was developed as the fork of a cryptic blockchain. Lisk uses Javascript programming language which compels execution with high speed. The major con of Lisk is lengthened transaction time.

5. POLKADOT

POLKADOT has been considered one of the most ingenious changes for a smart contract. It is an interconnected blockchain. Polkadot has higher efficiency and the lowest carbon footprint which gives it a shelf over other conventional blockchains. But it is a newly built blockchain so it lacks infrastructure and liquidity.

6. SOLANA

Solana is the latest and one of the fastest-growing blockchains. It was founded in 2017 with record huge transactions per second. The Smart contracts in Solana work a bit more contrarily than traditional EVM Blockchain. The major con in Solana is the maintenance cost. The hardware setup is more high-priced than other types.

7. AVALANCHE

AVALANCHE is the assortment of three blockchains including Contract chain, exchange, and platform. Avalanche supports De-Fi, like another traditional blockchain, lower transaction expenses, and eco eco-friendly to the atmosphere.

8. TRON

The objective of using "TRON", you don't need to learn a particular programming language. These highly recommended smart contracts operate on the same Dev stack as Ethereum. The smart contracts in TRON are distributed into three pieces. The first one is core, the second one is storage and the third one is application layers.

Bottom Line:

Now the concern comes, which blockchain to choose for your Smart Contracts? The answer is it counts on the requirement and budget. There was a time when Ethereum was the only alternative available. But now we have numerous options to choose the form. However, every blockchain has Pros and Cons. Please?contact us?to select the nicest for your requirement.