Blockchain is a distributed, encrypted and immutable technology. It refers to a digital ledger that has attracted considerable eyeballs from the tech industry. The use of the blockchain technology has seen a significant surge in its usage in the last 5 years. The reason behind this surge is that today almost every centralized system, function, and application can be centralized. The common instances include banking, insurance, currency exchange, contract management, voting, etc. And thus, Blockchain can remove intermediaries, protect data and help achieve transparency. In this micro-blog, we will comprehend the process of creating a blockchain-based application. However, for that, you need to hire the best blockchain application developers to ensure development success.
Defining the statement is the first part of the process of developing any application. At this stage, you need to be very clear with your blockchain application developers about the problem and how you think the application will solve it. Blockchain has garnered significant hype in the industry and there might be many misconceptions surrounding it. Chances are that you might be able to fix the problem without having the need of a blockchain application development. Or it might not be solvable by Blockchain either.
Blockchain platforms can be used to develop a decentralized application without creating a particular blockchain from scratch. Furthermore, these platforms are open-source. Hence, your choice should rely mainly on the consensus method and the problem you want to solve.
Some of the popular blockchain platforms are Ethereum, Monax, and Hyperledger.
Oodles Technologies‘ Blockchain is one of the leading Blockchain Development Companies, having an extensive portfolio of clients globally. We strive to deliver top-notch blockchain application development services with the help of our best blockchain application developers at the most cost-effective rates. We not only have expertise in cryptocurrency development and asset management but also excel in the smart contract development landscape.