Top 5 most Potential Blockchains Platforms To Explore in 2023

The interest in blockchain platforms is growing as most people consider it a way of streamlining supply chains, better traceability, and improving financial transactions. The growing interest in blockchain started surrounding Bitcoin, one of the old bitcoin platforms. However, the demand for it started to fade due to its limitations like lack of scalability, immaturity, huge energy consumption, and so on.

Modern-day blockchain platforms have overcome them and give the required practical value for businesses. However, with the growing demand for blockchains, the number of blockchain development companies is also increasing. Take a look at a blockchain platform from the following lines getting rapid popularity.

Ultimate Blockchain Platforms You Should Use in 2023

Many next-gen blockchain development platforms are now ruling the market. Listed are the top nine among them with the best growth potential and a great future. Check out more details about them.

 # 1- Ethereum

It denotes a blockchain-powered global platform with a decentralized nature. It is the base of different technological blockchain-based advancements. It can be used to create a secure digital technology with the characteristics like scalability and security. Ethereum got introduced to the blockchain world in 2013 and is one of the established platforms. It can be compared to a Bitcoin blockchain network.

The main strength of Ethereum is it supports smart contracts. But weak points like slow processing and increased transaction fees need a mention also. It comes with a solid ecosystem of tools that write smart contracts using a solid programming environment. Also, it has a community of active developers of Microsoft, Intel, and so on.

Now, this community is looking for a shift to PoS ( Proof of Stake) from Proof of Work ( PoW) known for its energy-friendliness. Developers are going for this change to create a separate new blockchain type known as the Beacon chain. As per estimation, it will be able to reduce energy by more than 99%.

# 2- Hyperledger Fabric

The purpose of this tool set is to create a blockchain application. The presence of a rich set of components pluggable to a modular architecture is one of the features of this tool. Improved speed and security are there as it can perform well in a closed blockchain deployment. You can be sure of improved data privacy by separating transactions into channels. 

This network comes with a unique set of members or organizations that offers interactions on networks. The best benefits of using Hyperledger Fabric are it gets support from an active community. Besides, permission in its nature assures authenticity.

# 3- Tezos

Tezos refers to a blockchain network hosting that remains associated with the digital token Tez or XTZ. Tezos uses peer-to-peer transactions that are also used to issue digital assets.

Tezos facilitates the participation of users in NFT, DeFi, or decentralized apps. Tezos is based on the proof-of-stake mechanisms that help in validating blockchain transactions. After its development in 2014, this older platform supports different decentralized apps or financial instruments like NFTs. 

Tezos supports new uses by supporting upgradable protocols. The Tezos community is also increasing. Different improvements take place every day, and smart contract sizes are also increasing.  

Shell and protocol are two significant parts of Tezos. Shell is the code that depends on the user voting. It interprets transactions and other administrative operations. The protocol sends a proposal for review. Tezos separate crypto assets into two camps, like on and off-chain governance.   

# 4- IBM Blockchain 

It is a decentralized blockchain network that gets immense popularity, especially among enterprise clients. It is a comprehensive business-ready platform used for addressing the full lifecycle of a blockchain network. IBM blockchain developer tool is popular for its flexibility and customizable nature. 

The user-friendly interface of this blockchain performs even complex tasks like setting, testing, and deploying smart contracts with ease. IBM blockchain is neutral terrain as well that supports multi-party integration hub. Transparent and easy data sharing is not a big deal while using the IBM blockchain.

# 5- Steller 

One of the best decentralized open-source code-based protocols is Steller which transfers fiat money both across borders and domestically. Lumen is the cryptocurrency of this blockchain. Despite its two-third falling rate in May 2020, it has achieved the 11th position on CoinMrketCap. On March 25, 2021, the capitalization rate was around $8.3 billion.

This modern blockchain platform was optimized for different Defi apps. It uses a protocol, Stellar Consensus that delivers quick transactions on public blockchain networks. Security mechanisms also need a mention that identifies the doubtful users easily. Moneygram for money transfer is a prime example of it. 

Steller gives support to a distributed exchange mode that allows payment sending using specific currencies. Here the network supports Forex conversion. Steller lessens the transaction cost and time. 

So, these are the prime platforms a blockchain development company uses. Without wasting time, choose the right platform and tool that suit your needs. And to make the best use of blockchain development services, find expert blockchain developers only. Conduct detailed research on different blockchain development companies, check reviews and then find the best one.