A Comprehensive List of Best Blockchain Platforms To Watch Out in 2018 from TechNewsToday
Best Blockchain Platforms 2018
Founded in 2014 by Vitalik Buterin, Gavin Wood, and Jeffery Wilcke, Ethereum is one of the fastest growing blockchain technology-based platforms and a cryptocurrency like bitcoin.
Ripple was developed in 2012. Currently, the cryptocurrency that represents Ripple blockchain, XRP, is one the high performing cryptocurrencies in the crypto world.
Based on the blockchain technology, Hyperledger offers distributed ledger frameworks to a variety of industry leaders in the fields of banking, finance, Internet of Things, supply chains, manufacturing, and technology.
4. IBM Bluemix Blockchain:
Developed using the base of Hyperledger, IBM Bluemix offers transparency in transactions and security in information for enterprises. At present, IBM Bluemix runs on the IBM cloud.
Multichain is one of the best Blockchain platforms that enables the creation and execution of private blockchains. This multi-asset exchange is becoming popular for solving real problems in finance, infrastructure, and e-commerce.
Developed by Coinprism, Open-chain is a Blockchain infrastructure that’s used for the perseverance and management of digital assets. Open-chain is an enterprise-ready platform for digital assets. Its approach is different than the standard Bitcoin approach to implementing Blockchain.
With the above-mentioned blockchain platforms, you can get unprecedented services for the security of digital transactions and assets. The blockchain technology provides independent and secure work structure and is a reliable solution that can be utilized to streamline an organization’s processes and transfer of assets without getting into any extensive documentation or periodical controls.
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In a consortium blockchain, the consensus process is controlled by a pre-selected group – a group of corporations, for example. The right to read the blockchain and submit transactions to it may be public or restricted to participants. Consortium blockchains are considered to be “permissioned blockchains” and are best suited for use in business.
Semi-private blockchains are run by a single company that grants access to any user who satisfies pre-established criteria. Although not truly decentralized, this type of permissioned blockchain is appealing for business-to-business use cases and government applications.
Private blockchains are controlled by a single organization that determines who can read it, submit transactions to it, and participate in the consensus process. Since they are 100% centralized, private blockchains are useful as sandbox environments, but not for actual production.
Anyone can read a public blockchain, send transactions to it, or participate in the consensus process. They are considered to be “permissionless.” Every transaction is public, and users can remain anonymous. Bitcoin and Ethereum are prominent examples of public blockchains.
Cryptocurrency scheme is part of wider UN effort to revolutionise aid with blockchain technology, increasing financial transparency
The UN’s children’s agency, Unicef, has launched a futuristic pilot project to utilise the cryptocurrency Ethereum to raise money for Syrian children.
the “blockchain” technology associated with the cryptocurrency – the world’s second largest after the controversial Bitcoin – to revolutionise not only how aid organisations raise money but also to increase transparency in their financial transactions.
Blockchain – which emerged as one of the underpinnings of Bitcoin – is a shared record of transactions maintained by a network of computers. It has become a key technology because of its ability to record and keep track of assets or transactions with no need for middlemen.
With a valuation of some $88bn (£62bn), Ethereum – which launched in 2015 – has an equivalent market value to Starbucks, according to Forbes magazine
The World Food Programme (WFP) has used Ethereum to deliver $1.4m in food vouchers, via the use of iris recognition scanners in camp supermarkets, to around 10,000 Syrian refugees in Jordan,
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Cryptocurrencies: Litecoin price skyrockets, Ethereum follows after Bitcoin futures premiere
10 most important cryptocurrencies’ prices and trends during 12 December 2017.
A fork itself of the original Bitcoin, Litecoin uses the same process to create the coins, and it uses blockchain to decentralize the banking. However, Litecoin still is four times faster, generating “blocks” faster, every 2.5 minutes instead of every 10 that applies to Bitcoin, making it faster and cheaper.
Ethereum, on the other hand, is more of a decentralized app platform than a cryptocurrency, could be boosted by a recent statement by U.S. Securities and Exchange Commission chief Jay Clayton, laying down a sober and knowledgeable overview of initial coin offerings (ICOs). “The technology on which cryptocurrencies and ICOs are based may prove to be disruptive, transformative and efficiency-enhancing,” said Clayton. “I am confident that developments in Fintech will help facilitate capital formation and provide promising investment opportunities for institutional and Main Street investors alike,”
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