Blockchain frameworks are the backbone of high revenue-generating applications based on NFTs, cryptocurrency, and other digital assets. The frameworks offer high security and transparency for application development.
RisingMax has already developed an advanced, feature-rich, and most powerful NFT marketplace on Solana. Recently we have launched a crypto wallet and P2E platform. We have a large team of blockchain experts. Request a call back to discuss your requirements.
Blockchain technology is used in all spheres of business, no matter you are creating an application for finance, healthcare, commerce, or agriculture. Adopting blockchain technology ensures quick and hassle-free development in every sphere. You can select the framework which is the best fit for your business project.
Undoubtedly, having a blockchain-based project is a complicated job that needs a team of experts and the right assets. If you are brainstorming to create your blockchain-based application, you don't need to look further as you are at the right place now.
Having delivered more than 25 projects designed using different blockchain frameworks, we at RisingMax know all the do's that works for delivering a successful application.
In this blog, we have enlisted the widely used blockchain platforms at present, including features and benefits. Before jumping ahead, let's overview the blockchain frameworks and why they are requisite for today's digital businesses.
Blockchain frameworks are meant for offering simplified development solutions for creating a complex project. The framework offers a better development rate for creating a high-performance and stable application.
Public: Public networks are costly compared to other types but works slowly. That's the reason that public blockchain frameworks are not the right choice for a startup. It allows anyone to enter at any level, including token trading, mining cryptocurrency, etc.
Private: Private frameworks are not public but shared between the trusted parties. Private networks are the fastest ones with zero latency.
Permissioned: The networks allow limited participation but are visible to the public. Permissioned networks are fast and possess high storage capacity compared to the rest. The frameworks also have the least latency. All these qualities increase the demand for permissioned frameworks.
Ethereum is the first-ever technology for implementing blockchain concepts based on smart contracts. Ethereum rapidly got popularity when supported by IBM, Microsoft, and many other big names. Developers can smoothly deploy decentralized applications using Ethereum. Nowadays, NFT marketplace development are widely dependent on ethereum platform.
EVM: Ethererum virtual environment runs the Dapps designed using different programming languages. When working with EVM, no separate framework is required for each language; the same blockchain framework supports all languages. The high compatibility of the EVM makes the development process easy and simple.
Smart Contracts: A smart contract is a program that enables the digital exchange between two parties without any interference from a third party. The smart contracts comprise the terms and conditions agreed by both peers. The key feature that makes smart contracts unique is once a smart contract is executed, it cannot be changed.
Dapps: Dapps are based on smart contracts and use a public blockchain network. Decentralized applications serve various purposes like digital signatures, transfer of assets, predicting the stock market trends.
Linux foundation came with the most promising blockchain framework called Hyperledger in 2015. Many big companies participate in Hyperledger like Cisco, IBM, LSE, and CME. It is open-source without any support for cryptocurrency.
Hyperledger is actually like an ecosystem built for communities and developers to collaborate on blockchain technologies. It is used for various applications for healthcare, finance, IoT, etc. The framework follows the umbrella strategy. It is a set of libraries, interfaces, and frameworks.
We have already developed the clone of the below apps
Hyperledger Fabric: It is a plug-and-play technology for creating heavy and complex blockchain applications. These are also known as chain codes and are more flexible than the standard smart contracts.
Hyperledger Iroha: It is suitable for building mobile applications. Many Japanese contributed to building this project. It enables easy implementation in the already built solution.
Hyperledger Burrow: Monax and Intel put efforts together to design this project. Burrow is a permisiioned ethereum network. It is like a virtual machine working with ethereum specifications.
Hyperledger Indy: Its key functions are online authentication for systems based on distribution registries.
Coinprism launched an openchain framework for controlling digital properties. The open-chain framework is popular for its anti-fraud and anti-money laundering features. All the financial processes are safe and secure based on the openchain framework.
It is a perfect choice for optimizing an organization's infrastructure to meet different needs related to banking and finance services. It offers a client-server architecture which more reliable and proficient than the p2p architecture.
EOS, an open-source platform, was launched in 2018 for decentralized applications(DApps). Seeing the high revenue generation, many investors trusted EOS from the initial days. EOS is based on a unique approach for equity participation.
In simple words, the investors who bought 20% tokens of the startup launched based on EOS, and then he became the owner of the 20% of resources of the project, including income, copyrights, property, etc.
Due to the attractive features of the framework, the developers successfully raised more than $2 billion by reselling the tokens in small portions. So, we can say that the framework can generate huge profits. EOS blockchains are faster and more affordable than other traditional apps. Based on the stats, we can say that the EOS framework is the champion of the blockchain industry.
So, if you are interested in creating a DApp for your business case, you can collaborate with our team of experts!
Exonum was launched in 2017 by Bitfury Group designed for enterprise projects. It is an open-source framework. The Exonum framework uses Rust, the safest and fastest programming language. Exonum is reliable for building products for areas like finance, legal, tech, etc.
Corda was launched by the R3 consortium for recording, tracking, and happening the financial agreements occurring between the financial institutions. It uses the notarized nodes to confirm and sign the contracts.
Using Corda, it is not necessary to open the information related to the transactions to all the network nodes.
Information is accessible to the nodes that have legitimate interests. For example, if there is a transaction from bank A to Bank B, only these two nodes will get the details about t3he transactions. Corda is built using Kotlin and Java to run on the Java Virtual Machine.
Ripple, the fastest blockchain platform, was launched in the year 2012. Ripple or XRP was designed for transparent transactions worldwide digital assets exchange. Ripple is based on the probabilistic algorithm and reduces the liquidity cost.
It allows transactions on multiple networks. Ripple provides the robust open-source foundation for designing the most trending projects in a well-structured way. It helps speed up the development process and enables the businesses to enter the market in less time.
We at RisingMax Inc. offer you the unique and the best solutions to you. We have vast experience in crafting blockchain-based projects under a cost-effective range. We have a team of proficient blockchain developers with extensive industry-specific knowledge.
We put all our efforts into delivering high-quality products to uplift your business and revenue generation. We are ready to fulfill your business needs. Feel free to reach us if you have any queries and start your blockchain project!