Best Blockchain Platform – For Building Modern Finance Applications

Blockchain technology has revolutionized the world. It doesn’t matter which industry you are associated with, as you will get to see blockchain applications from all walks of life. Many sectors are using blockchain including healthcare, finance, logistics and many other sectors which are expanding their business with it. If we talk about Blockchain application, its main objective is to make all business processes efficient and transparent. Businesses of all kinds have realized the potential of blockchain technology as their businesses are being promoted more with it. If you are interested in bitcoin trading check how you can buy bitcoin in Canada . You will find many such blockchain platforms in the market, but some of them are platforms whose demand is continuously increasing. The main reason for this is that many businesses are using multiple platforms to develop applications using Blockchain. Blockchain technology is very famous for only two reasons. Its main use is in the finance sector. Many businesses are looking to develop modern finance applications with blockchain platforms. You don’t have to worry about decentralization, immutability and security in blockchain-based finance applications, as many businesses are focusing on it. There are many smart contracts in this technology which make it even easier to develop many new applications with the blockchain platform. We have compiled a list of the best blockchain platforms for building financial applications.

• Cardano

Cardano is a next-generation platform that has become a popular platform based on blockchain-based and smart contracts. Cardano’s main objective is to create a fast to use and scalable dApp. Cardano is an Ouroboros consensus mechanism, in which every transaction is verified by network participants, but it does not require that each node be verified. Cardano is a secure version of a proof-of-stake algorithm. Cardano includes many options for modern financial applications, including transparency, interoperability, and legitimacy, among many others. With decentralization on Cardano, you will find many dApps available to enhance global payments.

• Tron

Tron is a decentralized blockchain platform with one main objective that it seeks to develop a decentralized web. Just as Ethereum is allowed to leverage the full protocol of developers with smart contracts on the blockchain, so has Tron. The special thing about Tron is that it can easily handle more than 2000 transactions per second. Tron has become one of the fastest-growing public chains. The high-scalability option is provided with Tron, with the enhanced delegated proof-of-stake consensus of blockchain security relying entirely on this mechanism.

• Stellar

It is an open network blockchain and it is fully capable of carrying out its work efficiently in the finance sector. Stellar Blockchain Network is used to make transparent and seamlessly secure services with the bank. Stellar is fast and secure to use, making it one of the most robust blockchain platforms to build a fintech app. Stellar is an open network with no owner and only public control. Stellar relies solely on the blockchain to maintain its synergy with the network. If you are looking for a fast transaction option or a modern company looking for a decentralized platform to build finance apps, then you should go for Stellar as it is the best option for you. 

• Ethereum

Ethereum is one of the oldest established and leading blockchain platforms. It has also developed its Ether or ETH crypto. Some smart contracts rules are fully complied with by Ethereum. The Ethereum platform provides a decentralized blockchain. You will find many decentralized apps available on Ethereum. The main strength of this platform is true decentralization, and its biggest weakness is the high transaction fees and slow processing.