Top 10 smart contracts platforms
Ethereum was created in 2015 by lead-developer Vitalik Buterin and is now the second most valuable coin in the cryptocurrency industry. Back in that time, it was the first blockchain project to install smart-contract technology, which allows people to enter into an agreement without needing a third party.
If you are new here and don’t know what smart contracts are, please read my article here. The core use for a smart contract is the automation of some specific processes that would otherwise require a middleman.
But can smart contracts only be created on Ethereum?
No, smart contracts can be created on top of other blockchains. That being said, Ethereum was the technology that started it all and is to this day considered to be the best option when it comes to utilizing the benefits of a smart contract.
Let’s see together the top smart contracts blockchain by market cap.
The Top 10 Smart contract Platforms
Smart contract platforms have grown to become one of the most significant sectors of the crypto economy.
Let’s see the 10 leading smart contract blockchain that combined a market capitalization of over $176 billion.
Ethereum is designed to function as a decentralized “world computer”,which can be used as a platform on which dapps can run.
Read more about Ethereum blockchain here. 😊
Cardano is an open-source public blockchain project. Its USP is that it claims to be the world’s first peer-reviewed blockchain with a network of academics and scientists checking its protocols before they’re released.
I’ll cover Cardano Blockchain soon 😊
Created by Ethereum co-founder Gavin Wood, Polkadot is a multi-chain network designed to join blockchain network together.
Read more about Polkadot blockchain here. 😊
Targeting business users, EOS is designed to address common issues around blockchain such as speed and scalability.
I’ll cover EOS Blockchain soon 😊
A decentralized virtual machine, Tron was originally designed as a social media and entertainment platform and now has the lofty goal of underpinning a decentralized Internet.
I’ll cover Tron Blockchain soon 😊
NEM New Economy Movement. The NEM platform is designed to give enterprises a more efficient way to verify and move blockchain assets.
I’ll cover NEM Blockchain soon 😊 😊
Ethereum competitor Tezos was designed from the ground up as a proof-of-stake blockchain, with on-chain governance. Coin owners can vote on proposals to make changes to the way the Tezos blockchain works.
I’ll cover Tezos Blockchain soon 😊
Vechain is designed to improve and simplify supply chain management, helping businesses to eliminate fraud from the manufacturing and delivery process.
I’ll cover VeChain Blockchain soon 😊
Often called the Chinese Ethereum, NEO differs from Ethereum in that it doesn’t have transaction fees, it’s also faster and it supports around 10,000 transactions per second (Ethereum: 12-15 transactions per second).
I’ll cover NEO Blockchain soon 😊
Cosmos is an Internet of Blockchains, a network of blockchain networks designed to communicate seamlessly with each other using the Inter-Blockchain Communication protocol.
Read more about Cosmos Blockchain here 😊
That’s it guys. Please leave a comment down below for any question you have about this article and I’ll be answering!
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