Must-know Frameworks for Blockchain Application Development
Simplify your blockchain app development with these frameworks.
In this article, I would like to share my top five blockchain frameworks with their essential features. Blockchain is the future of the field of cybersecurity. And more and more companies are getting acquainted with this data protection technology, seeing the increasing need for Blockchain technologies. I hope this article will help you to get inspired and start learning more about this impressive and growing field.
Table of Content
- Background
- Hyperledger
- Ethereum
- MultiChain
- Corda
- Quorum
Background
All industries have embraced blockchain technology and its benefits. The decentralized nature of Blockchain and its features that protect and secure transactions are something that every enterprise seeks to utilize.
As blockchains are used across every industry, from healthcare to banking, it is imperative to stay updated on these features and protocol changes. Blockchain protocols are rules and guidelines that guarantee decentralization and distribution and safe transcations.
Developing blockchain-based applications is possible on blockchain platforms. If you are ready, let’s discuss the blockchain frameworks that are playing a massive role in blockchain technology.
Hyperledger
The Hyperledger framework develops blockchains and blockchain-based enterprise applications under a single umbrella of frameworks, guidelines, and protocols.
Hyperledger’s libraries are designed to simplify the development and deployment process. This framework can help you enhance the transaction performance across many applications.
Hyperledger Features
- Optimal performance
- Membership by permission
- Compatible with plug-ins
- Official website
Ethereum
In addition to the list of decentralized applications, Ethereum provides an open-source platform for building and deploying decentralized applications, so users can resolve disputes or transact without the assistance of third parties.
Sending and receiving values worldwide is one of its most popular uses. A distributed programming language will also benefit developers who are making distributed applications.
Ethereum aims to eliminate the risk of downtime and third-party interference for intelligent contracts and decentralized applications.
Ethereum Features
- Peer-to-peer system
- Compatibility
- Coordination of data
- Wide scalable
- Official website
MultiChain
MultiChain provides APIs through which developers can update integration and complete implementations as quickly as possible over an open-source blockchain platform.
An API and a command-line interface are provided for preserving and building chains. Enterprises can build and deploy blockchain-based applications for dynamic transaction flow with MultiChain.
A blockchain network enables creating a wide range of key-value and identification databases that help timestamp and share data.
Multichain Features
- A rapid development process
- Assets are accessible without restriction
- Permissions are controlled
- Easily customizable
- Secure flexibility
- Official website
Corda
A business-oriented blockchain platform Corda is another open-source project. To solve complex enterprise-related problems, blockchain application can be developed and deployed with it.
It allows reducing record-keeping expenses while also providing development services, such as Corda App Consulting, Regulated Tokens, User Interfaces, etc. Businesses can conduct direct business transactions through Corda’s smart contracts.
Corda Features
- Ledger with multilayers
- Point-to-point networks
- Consensus pluggable
- Security
- Affordability
- Official website
Quorum
Quorum is a blockchain framework owned by JP Morgan that supports businesses in the finance sector, such as banking.
The Quorum blockchain was developed on top of the Ethereum framework, and it aims to become the most suitable enterprise blockchain protocol of all time.
A third-party application or internal tools may be developed using this technology. It enables transactions to be private and a layer of authority.
It relies on a consortium approach, which means that specific authorities must give special authentication.
Quorum Features
- Controlling peer permissions
- Transaction and contract security
- Consensus established by vote
- High-performing
- Official website
Conclusion
The blockchain frameworks and protocols are changing as blockchain technology is gaining momentum. Blockchain frameworks play an important role in the development of blockchain applications as they dictate the scope and functionality of the application. Additionally, the choice of framework is influenced by the industry and type of business.
My goal in this article was to give you some insight and inspiration about this field. Hoping that you found this reading helpful. Feel free to reach me, if you have any questions or comments.
Let’s connect. Here are my blog and youtube to stay inspired. Thank you,
Sonsuz Design 