According to the lastest post, we mentioned outstanding features of Blockchain. In this article, we will introduce some of the supporting platforms for Tessertact’s technical services.
Tesseract develops dApps, smart contracts, DeFi and NFT on blockchain platforms supported by dynamic communities:
Ethereum is a blockchain-based decentralized platform where you can also build and launch your decentralized applications. It is the first system that introduced Smart Contracts for us. There are certain benefits of using the Ethereum blockchain platform. Let’s check out what these benefits are!
Automated Smart Contracts
Smart contracts are a form of automated digital contract that enables a user to transact anything having value under certain conditions. It could be money, property, company shares, and gold, basically anything!
Ethereum Virtual Machine (EVM)
EVM is basically a suitable hardware and software co-relation system that enables Smart Contracts. This virtual machine can execute the untrusted codes within the Smart Contract by all the machines (computers) connected to the Ethereum’s network. A Smart Contract validates the transaction when the requirement is fulfilled. The EVM is the Turing complete software that these Smart Contracts use to dissolve issues. This is one of the main advantages of the Ethereum platform as blockchain developers can use it to develop decentralized applications. As it doesn’t have any downtimes, it extremely great for storing objects that no one can modify.
Development of Decentralized Applications (DApps)
This is another one of the benefits of the Ethereum decentralized platform. Using this blockchain platform, professionals can develop various types of decentralized applications. Recently, decentralized finance applications have become extremely popular among the tech community as many companies can see the benefits of using them.
2. BINANCE SMART CHAIN
Binance Smart Chain is live on mainnet, activating the parallel blockchain to Binance Chain that will enable the creation of smart contracts and the staking mechanism for BNB. Any interested individuals and/or organizations can gather BNB stakes to become a validator of this new blockchain.
The launch of BSC, an Ethereum Virtual Machine-compatible blockchain that is ready to be tested and piloted by some of the top projects in the crypto industry, is expected to greatly increase the utility of both Binance Chain and BNB. With the introduction of the Proof of Staked Authority (PoSA) consensus mechanism, BSC creates an ecosystem where validators, token holders, developers, and users all benefit from a rewarding blockchain that offers high performance and ample space for further innovations.
The Binance Chain community launched BSC in time for the DeFi (decentralized finance) revolution, as the public shows increased interest in alternative financial solutions powered by blockchain. With BSC’s launch, DeFi projects and the bigger blockchain community can leverage the best that Binance Chain has to offer, fortified by smart contract support, cross-chain interoperability, and more advantages that BSC brings. So the Binance Chain and Smart Chain community welcome all the dApp developers and projects to try on this new arena.
3. IBM HYPERLEDGER
Hyperledger Fabric supports distributed ledger solutions on permissioned networks for a wide range of industries. Its modular architecture maximizes the confidentiality, resilience, and flexibility of blockchain solutions.
Transaction speed is one of the major hindrances for organizations to adopt blockchain technology. Hyperledger Fabric can able to process at rates of more than a thousand transactions per second. This is one of the major boosts for the organizations to prefer this framework while comparing with others.
Similar to other frameworks, Hyperledger Fabric also allows to build smart contracts called “Chaincode”. The important factor is that chaincode helps to build complex logic which is crucial for industries such as supply chain as it has complex business logic.
If you have questions, contact us directly via:
Hotline: +84 981 117 911
| Vietnam Office: 22, 89 Lang Ha, Dong Da, Ha Noi, 100000
| USA Office: 3812 Family Tree, Irvine, CA 92618
| Japan Office: 3-7-1 Nagaoka, Mizuho-machi, Nishitama-gun, Tokyo, 190-1232
#ITServices #ITSolutions #Blockchain #Ethereum #BinanceSmartChain #Hyperledger