List of Smart Contract Platforms
- Carmela Murray
- August 18, 2021
- 0 Comments
Many entrepreneurs in the blockchain ecosystem consider Smart Contracts as a viable long-term investment option rather than just investing in virtual currencies. Digital currencies continue facing extensive criticism due to their speculative quality. Luckily, development platforms can offer long-lasting value through multiple projects built on them. Many Smart Contract Platforms exist in the market, and each has its unique features, opportunities, and issues. Before choosing a specific one, you should research widely to understand what to expect from them.
Top Smart Contract developers like TokenMinds guarantee you the best services because of their experiences and ability to apply the latest methods and technologies.
Are you looking for the Top Smart Contract Platforms to build your projects on? If yes, then you’ve come to the right platform. Keep reading to discover the best Smart Contract Platforms in the market.
As the first smart contract platform, Ethereum still leads the market and presents multiple advantages of operating many dApps. Market leaders like Microsoft and AWS provide Ethereum blockchain-as-a-service, an indication of the platform’s popularity.
Ethereum has multiple advantages, including standardization of smart contract platform, safety, and support. Developers can easily create smart contracts through this platform because it has clear written rules and has its coding language.
Despite its wide acceptance, Ethereum grapples with multiple challenges. It has limitations such as scalability issues and 20 tps limits, for instance.
RSK is an open-source platform hosting smart contracts for the Bitcoin Network.The platform is popular because of its link with the world’s leading virtual currency- Bitcoin. It leverages the advantages of the Bitcoin blockchain’s security and credibility.
Solana was established in 2017 by Intel, Dropbox, and Qualcomm. Like other new-generation smart contracts, Solana intends to provide a highly scalable, secure, and maximally decentralized platform that can support the next generation of dapps. With its Proof of History (POH) consensus mechanism, Solana can deliver over 65,000 transactions per second. Each transaction in Solana resides on its block, avoiding the need to lump transactions together in blocks. The platform enables the processing of digital agreements in parallel.
This platform was created by Gavin Wood, who was a co-founder of Ethereum. It enables the connection of various platforms. Polkadot’s central component is Relay Chain, making it possible for network interoperability, comprising parachains and parathreads. Parachains allows developers on this platform to create customized blockchains with a bespoke governance framework.
Tron is a crypto platform with its virtual currency, known as Tronix (TRX). It uses blockchain and peer-to-peer (P2P) properties to remove intermediaries to enable artists to sell their creations directly to the market. Content creators on the platform transact free.
Best Smart Contract Development Services
Getting the Best Smart Contract Development Services is a challenge as the technology is new. Furthermore, the popularity of these services has led to the emergence of multiple bogus entities claiming to offer excellent services. The good news is that TokenMinds can help you.
TokenMinds offers various Smart Contract development services, including Ethereum/Binance Chain/Polygon/Solana development. The company also provides auditing and optimization solutions. The development team at TokenMinds has experience in creating complex protocols and Virtual Machines.
The various Smart Contract platforms on blockchain technology offer multiple benefits to investors. Here, we’ve explored some of the Key Smart Contract platforms in the industry.