Imagine a situation where you want to build a house. For this you need to develop a project or buy a ready-made one. In the second case, you will be able to edit the layout of rooms, decor, and little things, but things like the main walls, sewage, and electricity will remain unchanged. At the same time, it will significantly simplify and speed up the construction process.
It’s the same with blockchain frameworks. They are templates designed specifically to speed up the development process. Everything is thought out here: how your program or website will work; how it will interact with databases, a payment system, and the like.
In this post I’ll share with you the top seven frameworks for blockchain apps. Although all are considered among the best, they do have individual differences, and knowing about them can help you see which one is most suitable to your needs.
An open-source framework that appeared in 2016. Hyperledger’s modular system allows customization of specific transactions and projects. Using it, it is possible to hide channels and information that will be available only to relevant users.
A broad interpretation of the consensus allows for a stable large-scale system. There is an opportunity to create blockchain solutions in accordance with your needs, use data search, and also get support for smart contracts.
Hyperledger works in popular programming languages such as Java, Golang, and others. It has open network connectivity for developers, and an agreement on business logic automates processes. It also eliminates the issue of mutual trust between participants in transactions.
Unlike other frameworks that focus on a cryptocurrency-based blockchain model, Hyperledger’s operations target the modular building blocks of the blockchain in order to gain support in a global solution.
This framework was created by the R3 CEV consortium. Its main tasks are recording and monitoring the execution and synchronization of financial transactions between regulated financial institutions.
The platform separates data that is recorded on the registry and is publicly available (i.e., to other participants) and data that never gets into the registry. Changes in the latter occur with the help of transactions that must be validated (comply with the rules that are determined by the cooperating parties in advance) and unique (100% unique meaning that passes through the corresponding analyzer program).
In this framework, the system is only partially open-source, as it involves third-party developers and suppliers.
An open-source framework developed by JPMorgan. Transactions are executed at a rate of one hundred to one second. There is a pre-planning option on the platform.
The principle of operation is preserved according to the modular system. The developed actions of the platform are aimed at writing code that will be compatible with various programming languages. In general, the system has features similar to Ethereum because it is its prototype.
The coding and logic are very similar to Ethereum. Quorum implements its work with Truffle and Remix, Solidity tools. The interface is clear, and recommendations are given on the sequence of actions and the development plan. Therefore, there is no objective reason to seek professional services from expensive programmers.
Ethereum is the first platform known to the crypto industry. At the technological level, it is possible to distinguish the “transactions” layer from the “smart contracts” layer. This allows ICOs and DApps to be executed on the platform.
The framework is open-source. Thanks to it, you can place tokens in a standardized manner. Ethereum has proven itself remarkably as a platform for solutions that do not have a financial basis. The Ethereum fork focuses on maintaining the anonymity of both transactions and contracts in the banking and related industries.
Exonum is a software package whose actions are aimed at decentralized storage of information based on blockchain technology. The advantages of this framework include open actions of each participant without exception, fault tolerance, easy audit, compactness of data, and round-the-clock access to information.
Exonum prevents double-entry bookkeeping and eliminates document fraud, making it an excellent choice for companies’ financial systems. High speed allows processing about 5,000 transactions per second.
The system is based on RR instances, each of which can be connected and with its own administrator. All elements of an asset have full control over all transactions associated with it. Full control over the life cycle of a digital asset is possible.
Some of the capabilities of this framework include scalability and speed, bitcoins tied to the blockchain, having its own interface, simple technical components (SQL, API, JSON), hierarchy within the framework, own rules for exchanging and verifying transactions within the node, the ability to create an administrator, and being open-source.
Openchain solutions enable financial institutions to manage processes at all levels efficiently.
MultiChain is an open-source platform for building private chain applications. The framework aims to eliminate the problems associated with bitcoins by limiting the visibility of the ledger and allowing institutions to exercise control over transactions as well as abandoning distributed mining.
Among the main advantages are: support for several currencies at once, the ability to micro-exchange assets between participants, quick deployment, etc.
It is designed to enable developers to create blockchains and applications quickly and effortlessly.
There Are Many Options, and Many Good Options
These frameworks for blockchain apps are certainly among the best. However, as I showed you in this post, they are not all the same. There are options—indeed, many good options—but an option is good for your needs only if it serves these needs.
To figure out which framework is best for you, you need to understand how it works, how intuitive it is for you, and how certain systems behave. You will have to work with each personally, perhaps more than once, in order to understand which one is best for you.