As industries are increasingly using blockchain technology, the growth of blockchain development is gaining substantial momentum. As a result, the number of blockchain development frameworks is also growing.
At present, there are many blockchain development frameworks for different use cases. And many people find difficulty in finding the best blockchain technologies. Above all, fintech startups, sometimes, have confusion over selecting suitable blockchain frameworks.
Since I am a blockchain developer I know what blockchain frameworks a fintech app development company uses. Hence, here, I will tell you the top 5 blockchain development frameworks which are used across multiple industries.
But before that,
WHAT IS THE BLOCKCHAIN DEVELOPMENT FRAMEWORK?
A blockchain development framework is a software development technology. Furthermore, it is used for developing blockchain-based solutions for desktop software, web apps, and mobile applications.
These blockchain development frameworks use different programming languages such as JavaScript, Python, C#, C++, and Go.. Above all, by using blockchain development frameworks you can build multiple types of solutions like
- P2P payment application
- Non-Fungible Tokens (NFTs)
- NFT marketplace
- Cross-border payments
- Cryptocurrency exchange platform
- Crypto wallet
- Anti-money laundering tracking application
- Real-time IoT operating solutions
- Personal identify security system
- Supply chain and logistics management application
- Decentralized application
- DeFi platform
- Decentralized application
And much more.
So it is fascinating to see what blockchain development frameworks can do. Now lets us know
TOP 5 BLOCKCHAIN DEVELOPMENT FRAMEWORKS
1. ETHEREUM
Ethereum is the most famous blockchain development technology. It is widely used in the blockchain development field. In fact, Ethereum is the first blockchain development framework released in 2015.
Ethereum allows the creation of smart contracts. This framework has an Ethereum Virtual Machine (EVM). Thus, it enables blockchain developers to create dApps (decentralized applications) that run on Ethereum.
It also supports developers to use blockchain solutions in mobile apps. But to successfully implement it, you need to work with the best mobile app development company that holds proven expertise in Ethereum app development.
Besides this, Ethereum is popular for smart contract development. In fact, it is probably the best tool. Ethereum contains a permissionless ledger type that is open for public usage. This framework uses a cryptocurrency known as Ether. Ultimately, the Ether cryptocurrency is used for making payments and transactions in the Ethereum blockchain.
Key features of Ethereum
- Decentralized autonomous organizations (DAOs)
- Ethereum Virtual Machine (EVM)
- Decentralized applications (Dapps):
- Smart contracts
- Ether
2. HYPERLEDGER FABRIC
Hyperledger Fabric is also one of the widely used blockchain development frameworks. It is a Permissioned distributed ledger farmwork built by the Hyperledger Hub company. Hyperledger Fabric is a versatile framework. Above all, it helps enterprises that want to develop blockchain-based software solutions and applications.
Hyperledger Fabric is also the same as Ethereum for its modular architecture and Permissioned ledger type. It supports the development of smart contracts. Since it uses most familiar languages like Go, Java, and JavaScript.
Therefore, it doesn’t require hard development skills. In case you meet any issue which is not covered by the docs, then the Hyperledger Fabric team can directly help you.
Key features of Hyperledger Fabric
- Permissioned distributed ledger
- Performance, scalability
- immutable distributed ledger
- The modular architecture supporting plug-in components
- Security of digital keys and sensitive data
3. HYPERLEDGER SAWTOOTH
Hyperledger Sawtooth is built for creating distributed ledger software and applications. This framework was developed by the Linux Foundation. But now it is maintained by IBM and Digital Assets.
Hyperledger Sawtooth enables blockchain developers to create scalable and advanced blockchain-based applications. It is also a permission-ledger-type blockchain development framework like Hyperledger Fabric and Ethereum. Hyperledger Sawtooth has good developer community support on GitHub. Lastly, you can find Hyperledger Sawtooth source code for various solutions.
Key features of Hyperledger Sawtooth
- Ethereum Contract Compatibility
- Dynamic Consensus
- Private Networks with Permissioning Features
- Parallel Transaction Execution
- Event System
4. EOSIO
EOSIO is an open-source blockchain development platform. It is quite a recent tool launched in 2018. EOSIO is a fast, reliable, and high-performance technology for creating blockchain applications and systems.
With EOSIO, blockchain developers can deploy smart contracts on the existing networks. They can also develop new EOSIO networks. And then implement smart contracts on them. Therefore, businesses also hire blockchain developers who possess skills in the EOSIO platform. This framework uses the C++ programming language in the development of smart contracts.
For helping developers, EOSIO provides support docs on how to write and deploy smart contracts. EOSIO is not as popular as Ethereum. However, blockchain developers use EOSIO for developing blockchain-based projects due to the following.
Key features of EOSIO
- Highly safe
- Better compatibility
- Fast and high performant
- Highly configurable
5. CORDA
Corda is also open-source blockchain technology. It is primarily developed for blockchain-based fintech app solutions. However, with the recent updates and advancements, Corda is also used in the healthcare and insurance sector.
Corda is a next-gen technology that assists fintech companies to build advanced financial solutions/ It is a permissioned ledger type. It facilitates deploying smart contracts. Thus, this means developers can deploy smart contracts on the Corda blockchain network.
This framework doesn’t have a mining feature. As a result, transactions are never seen in most nodes. Corda doesn’t use cryptocurrencies or tokens. Hence, it makes it easier for blockchain-based fintech app solutions. Therefore, top fintech app development company uses Corda in most of their fintech development projects.
Key features of Corda
- Enterprise Integration
- Interoperability
- Cloud support
- Secure and Private
- Supports Open Development
CONCLUSION
That’s it. These are the top 5 blockchain development frameworks that are widely used by blockchain developers. Moreover, these frameworks have helped many companies and business organizations in developing several business-oriented blockchain solutions. However, every framework is meant for certain use cases.
Hence, before you choose any of them. However, make sure you understand their technical usability for your blockchain project. The best way to derive maximum ROI from these blockchain development frameworks is to find an expert blockchain development company. Ultimately, they can help you build flawless solutions using these frameworks.
ABOUT THE AUTHOR
Josephine Baker is a Blockchain developer at MobileCoderz-a globally renowned blockchain development company that mainly works with fintech startups and enterprises to build custom blockchain solutions. She has 4 years of experience in Ethereum development and Solidity programming. She also possesses skills in JavaScript for web app development. Lastly, apart from this, She assists non-profit organizations in crowdfunding and shares expert opinions on blockchain topics.
