One of the most path-breaking technologies that have recently showcased their worth to the world is Blockchain. Those who are aware of the working of cryptocurrency know that most cryptos are backed by blockchain. The year 2023 is about to unveil some really amazing opportunities connected with the top Blockchain giants. In this article, we will explore the biggest Blockchain platforms that are making the world digitally revolutionized. know more official quantum ai website by clicking here.
What Is Blockchain technology?
Blockchain technology is basically an immutable ledger that is shared and lets the users have their transactions recorded seamlessly. This platform is a shared one, it leads to the tracking of the assets in the most efficient manner possible. As a matter of fact, there are certain financial transactions that are Worth millions and Blockchain keeps them safe.
If you don't really have enough knowledge about blockchain and its features, this article will clear all your doubts and would enhance your knowledge about it
What Is Blockchain?
Blockchain is a ledger technology which performs the function of record keeping and keeps the entire system decentralised. You can take the example of a bank that stores information on all its internal servers, however, Blockchain allows tracking ownership of the asset and its origin easily.
Features of Blockchain
Only a single ledger is shared between the parties as a source of information regarding the asset and its ownership. Once the transaction is done, it's only this ledger that keeps the entire information regarding it.
Transparency is the main feature that sets Blockchain apart from other platforms. As it has an extensive history of transactions, anyone can verify any transaction at any time
The records on the Blockchain are permanent. There is no way of them getting removed. Hence, locked intends to be extremely useful.
In 2023, here are some top blockchains that are leading the digital world.
1. Ethereum
Ethereum is a famous name and works specifically for decentralised applications. As a matter of fact, it is considered one of the most popular blockchains associated With DeFi. Another major reason it is so popular in the digital world is that it is supported by some of the most prominent organisations across the globe.
This Blockchain network came into being in 2013 and has been pretty famous since then. The main reason behind its success is that it offers a trustworthy system of execution. People also buy Ethereum coins along with bitcoins and regulate them using bitcoin trading software. In terms of market capitalisation, Ethereum is leading the market after Bitcoin.
Currently, there is a massive community of hundreds of developers of Ethereum Blockchain leading to a platform that is easily scalable for developers.
2. Quorums
Another amazing and quite famous Blockchain is Quorums. Compared to Ethereum, this one is more for private use. It came into being in the year 2016 and is competing with the top blockchain platforms currently. As a DLT solution, it lets businesses utilise Ethereum in all their applications connected to the blockchain. The technology it uses is QBS, also known as the Quorum Blockchain Service. Through low-code connectors, businesses can integrate their existing systems and data streaming.
What makes Quorum so reliable is the fact that it works with all operating systems. It offers varied kinds of support from business to developer and enterprise. Being a consensus-based platform, it is quite a reliable one to opt for businesses.
3. GlobalX Blockchain ETF
GlobalX Blockchain ETF helps investors use ETF, also known as the exchange-traded fund, rather than a single stock while investing in the technology. It came into existence in the year 2021 and lets investors have the maximum level of exposure when it comes to choosing stocks to make an investment in.
4. Intellectsoft
Another giant worth mentioning in the year 2023 is Intellectsoft. It's basically a mobile app development company that offers consultancy in technologies, especially that of the blockchain. It also has great offerings in terms of the internet of things and AI. Intellectsoft's blockchain experts have extensive experience with Ethereum, Hyperledger, EOS, Stellar, and other blockchain tools and technologies, and this is why it is getting so famous in the digital world.
Final Thoughts
Blockchain is here to stay and will surely revolutionize the usage of technology in a great manner. If you have some interest in how things work on the blockchain platform, you need to keep a close look at these giants in the year 2023.
