Best Open Source Blockchain Platforms: A Consolidated List
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  • A Consolidated List of Best Open Source Blockchain Platforms

    best open source blockchain platforms

    Open source software is mainly referred to as radical model intended technology used to enable an organization to expedite its development to reduce the entire cost involved as well as to increase the innovation for efficiency.

    Generally, open source projects don’t generate much confidence in the international landscape, such as Bitcoin blockchain technology. However, the world is rapidly growing. People have started considering other open source Blockchain platforms for their blockchain developments.

    So, if you are one of those people who is looking for best open source blockchain platforms, here’s a consolidated list which provides an overview of these.

    Monax

    Earlier known as Eris, Monax is an open technology platform that enables developers to build, run and disseminate a wide array of enterprise-grade solutions providing different blockchain-based applications for varied business functions, ecosystems, and processes.

    Monax allows to entirely set out and develop your own low-cost secure, run-anywhere applications using smart contracts and blockchain technology.

    Features of Monax

    • Develop a group of a permission-ed chain for the individuals.
    • The provision of Smart Contract toolchain.
    • An instrument to analyze the complete action step by step manner.

    HydraChain

    HydraChain’s core software is open source and can be used under the permissive MIT license. Basically, it’s an extension of the Ethereum blockchain platform, used to provide support for creating permissioned distributed ledgers. Hydrachain’s primary area of application is consortium chain or private chain setups.

    Features of HydraChain

    Full Compatibility to the Ethereum Protocol

    It’s completely compatible with an API and contract level. Toolchains in the existence can be used to develop and deploy Smart Contracts and DApps.

    Customizability

    You can freely configure the system’s various aspects to fit your custom needs, such as transaction fees, genesis allocation, gas limits, block time, etc.

    Openchain

    Openchain is distributed ledger technology which is well-suited for organizations wanting to manage digital assets in a secure, scalable and robust way.

    • You can spin up a new Openchain instance within minutes.
    • The administrator of an Openchain instance determines the agreements of the ledger.
    • Allow end-users to exchange value on the ledger as per those rules.
    • The underlying technology can digitally sign every transaction on the ledger.

    Features of Openchain include

    1. Quick verification of transactions.
    2. Fee-less mining
    3. Highly scalable
    4. Protected through digital signatures

    Multichain

    Multichain allows users to develop Private Blockchains that an organization to facilitate financial transactions. A completely working Multichain network can conduct as many as 1,000 transactions per second. It offers a simple API and command-line interface to the developers to help develop and sustain the chain.

    Features of Multichain

    Permissions

    Using Multichain’s finely tuned permissions, you can provide entities the access to operate within the Blockchain, whether it’s public or private.

    Speed & Efficiency

    Multichain provides a rapid development process where users can quickly develop new Blockchains and function properly with a permissioned network.

    Conclusion:

    These were some of the most prominent open-source blockchain platforms being used to fasten the development process.

    Open-source software lays the foundation for revolutionizing technology by allowing entities to expedite development, increase innovation, reduce costs, and enhance efficiency.

    Never before has an open source project attracted such attention on the global scale as the bitcoin. However, now a day the digital world seems open to widely use open source platforms.

About Author

Mudit Kumar

Mudit has been working with Oodles since 2017. He writes about technologies that not only disrupt the digital space but also influence the physical world. Initially, he explored revolutionary technologies like ERP (Enterprise Resource Planning) and AI (Artificial Intelligence). Now, he focuses on unfolding the elements of blockchain technology, given its potential and edge over others.


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