The right blockchain platform can bring benefits to countless entrepreneurs worldwide. But there are many speculations about this technology. There are doubts. In this article, we have picked some information about the most popular blockchains which experts consider to be the best choice for 2023. Care to know more?
Trusted execution environments and modular architecture
Before we move to the most popular blockchains, it is advisable to think about tech that should support any reliable solution. Security is of utmost importance, so it is a good idea to look for blockchains that can guarantee the trusted execution of day-to-day operations. Such an environment of algorithms ought to be integrated with hardware-based technology to ensure database security inside as well as outside any given digital network.
The comfort of use is also something worth considering while looking at blockchain services available for 2023 business endeavors. The architecture of a particular solution shouldn’t be overwhelming. It should rather allow scaling of services, which can lead to more cost-effective management. The same thing can be said about database maintenance. The more efficient it is, the more beneficial blockchains can be. Modular construction of digital assets is already a part of some proposals, and that feature will most be developed further in 2023.
The above is obviously just a simplified summarization of some aspects that should be expected of decent blockchain platforms. There’s much more to put into the equation, though. 2023 will be an interesting year, but it will also bring many challenges. So, it’s about time to see what experts recommend.
Which is the most popular blockchain platform for 2023?
The Ethereum blockchain platform. Many specialists and bloggers point in this direction. It isn’t something new, but it isn’t something rusty either. In fact, it is one of the most popular blockchains on the market, and there are practically no signs showing this situation will change anytime soon. The Ethereum network is truly decentralized. It is a blockchain platform that supports smart contracts, and has its own cryptocurrency. Clients of Ethereum pay larger fees, however, and often complain about slow processing power. But it is a solid choice nonetheless.
Hyperledger Fabric is an open-source solution that is hosted by the Linux Foundation. It allows software development teams to create custom-made blockchain applications with modular capacities. Closed deployments work very well with components provided by this technology. They are known of speed and reliability. The support of UTXO models (those with an unspent transaction output) might be an interesting feature to entrepreneurs willing to make some changes in their current transaction processes. The ability to create a so-called network of networks is also attractive, especially if multiple parties are to be included in a highly secured financial exchange.
IBM blockchain network. It is considered an even better decentralized solution than Ethereum. Enterprise clients value its ability of smooth linking between other tech assets, like the cloud space, for example. It is therefore flexible and highly customizable, which makes it convenient. A friendly and intuitive interface surely helps with all of that. The IBM corporation most certainly put a lot of attention on this element because it has the power to render complicated actions more simple, which can be quite valuable.
And there we have it. Three most popular blockchains recommended by experts for 2023 operations. All trustworthy. All comfortable and reliable. Picking one depends on particular needs, obviously, so it is advisable to think them through first.