Without a doubt, the Blockchain Technology has proven to be much more capable than we thought. Since the first practical utilization of Blockchain by Satoshi Nakamoto in 2009, the technology has come a long way. Today, Blockchain has so many real world use cases such as, cryptocurrencies, smart contracts, retail and e-commerce and even gaming. This expansive list is definitely improving by the minute. Furthermore, the experts are expecting the blockchain market size to reach almost $40 billion by 2025. In that regard, it is quite essential to take a look at the top 5 blockchain platforms that are on the leading edge of technology.
- What Distinguishes the Top 5 Blockchain platforms Selected
- Where can I Buy the Native Tokens of the Mentioned Blockchain Platforms?
What Distinguishes the Top 5 Blockchain Platforms selected
Considering the massive appeal for the blockchain technology, there are numerous successful blockchains with different approaches. However, there are some that are a step above the others. Those notable ones have proven to be more efficient, sophisticated and innovative in the highly competitive technological space. For this article, we have maintained great emphasis on issues such as gas fees, scalability and potential for future developments. So without further ado, here are the top 5 blockchain platforms for innovation and efficiency.
As an open-source decentralized blockchain platform, Ethereum is perhaps the most diverse and innovative one out there. In its essence, it is a decentralized public ledger for verifying and recording transactions. The Ethereum is considered as a second-gen blockchain platform, improving upon the high gas fees, scalability issues and high transactions fees of previous platforms. This open-source platform has no geographical restrictions and has always been the tip of the spear as far as innovation goes. Essential services such as Smart contracts, NFT`s and decentralized apps were first introduced on the Ethereum platform. As for the cherry on top, the native token of the Ethereum platform called Ether or ETH is second in terms of market value standing only behind Bitcoin.
As the leading pioneer of the proof of stake (PoS) consensus algorithm, Cardano is considered a third-gen blockchain platform. With a great emphasis on being peer-reviewed, Cardano has its roots in academia. Founded by Charles Hoskinson, the co-creator of Ethereum, Cardano has successfully proven to be eco-friendly and more scalable as compared with Bitcoin and Ethereum. Furthermore, it does possess smart contract capability starting from 2021. To make it even more appealing, the Cardano blockchain has currently the largest amount of cryptocurrencies staked with more than $31 billion in stake pools. ADA is the native cryptocurrency of the Cardano platform and is currently the third crypto currency ranked by market value.
For a more extensive Look into the Cardano and the token ADA Click Here.
Initially release in 2018, the EOS platform is a decentralized infrastructure for developing decentralized applications (dApps). Utilizing this open-source blockchain, users can develop, host and execute their dApps for commercial applications. Furthermore, the EOS blockchain does have smart contracts capability and provides decentralized storage of enterprise solutions to tackle on scalability issues. EOS coin is the native token of the blockchain platform and is currently ranked as the 29th cryptocurrency by market value. Technically speaking, the EOS token has a distinct quality. In order to use the EOS platform, the users must “hold” EOS token rather than spending it. Subsequently, the EOS token will have less volatility by utilizing this creative method.
Essentially, Tron platform was based on the Ethereum Blockchain, but it has moved on and become and independent blockchain platform. The blockchain platform seeks to create a decentralized, free and global digital platform for digital content. By bridging the gap between the content creator and the audience, the Tron platform cuts out the middleman. Primarily, the blockchain platform is distributed and decentralized storage platform where creators can host their content for free. This method is not only cost-effective, but also has the ability to fight the monopoly by big corporations in the entertainment industry. TRX is the native token of the blockchain platform. Currently ranked as the 22nd cryptocurrency by market cap, the audience can use TRX to pay for the hosted content on the platform.
To read our thorough review of Tron blockchain platform and TRX Click Here.
The Ripple blockchain is an endeavor to create an alternative for the SWIFT system money and security transfers internationally. By providing both a blockchain platform and a currency, Ripple aims to create a more efficient system for global money transfer. Therefore, without geographical restrictions, anyone can move money anywhere in the world. This was an effort to lower the transaction fees and provide better scalability for global transactions. To make this happen, Ripple utilizes one of the most advanced blockchain platforms and is constantly improving upon its capabilities. The cryptocurrency Ripple or XRP is currently the 6th cryptocurrency by market cap.
The Blockchain technology is growing by a staggering rate and is expected to have a predominant role in the future. Whether it is financial, entertainment or dApps, the applications are vast and will surely expand. In terms of investment, Cryptocurrencies have stolen the spotlight, yet one must remember that there are other ways to invest in the blockchain technology. We can see countries such as the United States, China, Russia, Canada and many more investing massive amounts of money for research and adoption of the Blockchain technology and it seems it is only the beginning of a big movement.
Where can I Buy the Native Tokens of the Top 5 Blockchain Platforms?
Currently, you can Buy Ethereum, ADA, EOS, Ripple and TRON on hi.exchange. We offer quick, easy and secure exchange services. Our automated system is constantly determining the best possible exchange rates to make sure we stay ahead of the competition. And to insure our customers have a delightful experience, our team of professionals offer 24/7 customer service. Finally, to follow our latest opinion articles, technical price analysis and news stay right here.