And the list is likely to keep increasing in 2023. Blockchain development platforms are recognized as the most promising decentralized alternatives. They are fast, secure, transparent, and highly scalable. Therefore, you can bet on the popularity of these blockchain development platforms in 2023.
In this article, we will take a look at 10+ blockchain development platforms that are expected to dominate the market and become the leaders in 2023.
1. Ethereum
Ethereum is often referred to as the next big thing in the blockchain world. It has a proven track record of being a smart contract platform that’s completely decentralized. It lets developers write code and create decentralized applications that are entirely self-contained.
But that isn’t the only reason why Ethereum is one of the most promising blockchain development platforms to watch in 2023. Another reason is that it can function as a general platform that includes all blockchains built using Ethereum’s smart contract software.
It is currently the most popular smart contract platform and has been steadily gaining in adoption over the past few years.
2. EOS
EOS is one of the popular blockchain development platforms that offer high scalability. It was released in 2017 by Block. one, a company that also developed the blockchain-based video game DApp. DApp is the best-known work by the company and is currently being played by over 25 million users around the globe.
The developers behind the EOS platform focused on achieving scalability. They released the EOSIO software, which allows users to create smart contracts that run on multiple systems simultaneously.
The EOSIO software uses blockchain mechanisms to improve the performance of smart contracts and allow developers to use all the features of blockchain without slowing down.
It is one of the more popular blockchain development platforms that’s expected to go mainstream in 2023.
Read Also: Top 10 Reasons to Outsourcing Blockchain Development Services
3. NEM
NEM is one of the fastest blockchain development platforms in the market today. They are focused on efficiency and have a focus on a few key elements. And they are designed to be efficient and fast, two characteristics that smart contracts need.
And They believe that if blockchains are to be used as a basis for developing DApps, they must be fast. The speed makes it possible for them to offer the best smart contract solutions.
They made a blockchain-based payment system for sending and receiving digital assets in 2020. They also have an ecosystem that is made up of developers, investors, and clients. This gives them an edge in terms of marketing and gaining more clients for their DApps.
4. Tron
The Tron project was created by a group of talented programmers and blockchain developers who were behind one of the most popular blockchain projects today: Ethereum. But they started working on the idea behind the Tron blockchain platform when they realized that the Ethereum platform couldn’t handle the growing number of DApps being created.
Tron is not just about having a unique idea that others haven’t thought of. The project is also focused on making the best use of its innovative features. It was released in 2017, which was followed by the launch of the Tronix platform. This platform was created to make it easier for developers to create and launch their DApps.
Their plan worked as they were able to get the attention of many developers in 2018. They even got a lot of investments from some big names in the world of blockchain.
5. EOS.IO
The EOS.IO blockchain platform is one of the few blockchain projects that can be used for both private and public blockchain networks.
It uses a delegated proof-of-stake consensus system which results in higher transactions per second than Proof-of-Work. Their focus on efficiency and scalability, as mentioned above, makes them one of the most promising platforms in 2023.
They also have two operating modes: EOS main net and EOS testnet. Both are life; the difference is that mainnet is a real, working blockchain platform.
6. NEO
The NEO blockchain platform is quite different from other blockchain development platforms. It is used for DApps that run on a smart contract system called NEO. It was released in 2017. Their platform is built on a distributed network that allows them to have high levels of scalability.
This network is also very secure because they focus on the implementation of smart contract security standards. Their platform can manage more than 100,000 transactions per second.
The network is known for its innovative design and the ease with which it can be integrated into DApps. It is, therefore, one of the most promising platforms to watch in 2023.
Read Also: 5 Aspects to Consider in Blockchain Software Development
7. IOTA
IOTA is an open-source distributed ledger technology platform that aims at providing developers with an environment where the IoT and big data can be stored. This will allow them to create DApps that can work together on a blockchain.
Their decentralized distributed ledger technology is highly scalable and secure. They don’t use blockchain technology as a storage system, but as a data interchange layer.
They use smart contracts to ensure that data can be securely exchanged between different parties. They’re one of the few blockchain development platforms that are working on a distributed ledger that is scalable and efficient.
8. Cardano
Cardano is a blockchain-based smart contract platform that’s made up of three core components: the Cardano blockchain, Ouroboros BFT (Proof-of-Stake consensus algorithm), and the Cardano virtual machine.
It was released in 2017, and one of its most distinctive features is its focus on scalability.
Cardano can handle more than 100,000 transactions per second. In comparison, Bitcoin’s transactions per second are currently under 7. This makes it one of the most promising platforms in 2023.
9. Stellar
Stellar is a protocol that’s owned by Ripple and is focused on creating a standard for fast and secure transactions. It has been able to handle more than 10,000 transactions per second. Their smart contracts are completely decentralized.
Stellar is one of the most promising blockchain platforms to watch out for in 2023.
Top Blockchain Development Company in the USA
10. Dfinity
Dfinity is one of the newer platforms on the blockchain scene. But what makes it one of the most promising blockchain platforms in 2023 is that they were able to work with the highest-end hardware and software.
They also created a decentralized cloud platform to run smart contracts.
The platform is known to be incredibly stable because they’re able to use the resources of thousands of nodes.
11. VeChain
One of the latest platforms to join the blockchain technology scene, VeChain is an innovative platform. It is based on the blockchain ledger called the VeChainThor.
The network uses a token called the VeChain Token (VET) for transacting and storing information.
The platform has a goal of creating a tokenized ecosystem that’s based on the VeChainThor blockchain. One of the main objectives of the project is to develop a platform that can bring together business and technology in the blockchain industry. VeChain will also use a public blockchain for this purpose.
12. Waves
Waves is a blockchain development platform that’s based on a modified version of the Bitcoin protocol. They launched a manner in 2017, and this led to one of the most successful crowdsales to date.
This network is known for providing the features that are necessary to make blockchain platforms easier to use and more useful to developers.
It is one of the more promising blockchain platforms to watch in 2023.
Final Thoughts
One of the things that have made the blockchain industry a hit among investors is its promise of high levels of decentralization and security. This gives blockchain platforms that have high levels of scalability the opportunity to expand their services to all corners of the world. But these technologies are still far from perfect. They also tend to have a high rate of attacks.
What’s even better is that these platforms can help bring about greater levels of user convenience and the use of the blockchain for good. As the industry evolves and these blockchain platforms mature, we can expect them to make waves in the blockchain market as well.
Why Choose Binary Informatics for Blockchain Development?
There are several reasons why people seek the assistance of our firm when it comes to blockchain development. We are a highly reputed firm that has several years of experience in blockchain development and several successful projects under our belt.
Our clients are at the top of the line, making us the best in the industry. Here are some of the reasons why our clients choose us.
We have a dedicated team of blockchain developers
We have a dedicated team of blockchain developers who are ready to develop the best solution for any type of blockchain implementation. Our developers know the ins and outs of blockchain technology and they can offer solutions that are secure and can meet the needs of the clients. We have a team that is knowledgeable in the development of smart contracts, dApps, and blockchain applications.
We offer flexible solutions
The team is well-equipped to provide our clients with the best and most pertinent blockchain solutions. We also have a team that can handle any type of project. We are highly adaptable and can offer appropriate solutions that meet the needs of our clients.
A complete package
Our clients must trust us to offer them a satisfactory project that will fit their budget and time requirements. We offer comprehensive, transparent, and reliable work. Our clients get to choose their preferred development team, and we offer support throughout the development process. This is to ensure that our clients get the best results for their projects.
Experience
With the help of our dedicated team, we have been able to develop several blockchain solutions. Our clients are at the top of the list, and they are happy that we have given them a proper platform to take their businesses to the next level. We have a team that can help you to grow your business and ensure you have a strong edge over your competitors.
If you would like to work with a professional and reputable firm, get in touch with us now and we will help you to develop your blockchain project.
