Users can build, leverage, and grow their blockchain networks using IBMs Blockchain Platform. This platform offers a managed, fully-stack, blockchain-as-a-service solution, which allows users to integrate their blockchain components however they want. Amazon Managed Blockchain is a fully managed service that makes it easy to connect public networks, or build and operate scalable private networks using Hyperledger Fabric and Ethereum, both of which are popular open-source frameworks.
XDC Network is a versatile hybrid blockchain platform that bridges public and private blockchains through cross-chain smart contracts, providing enterprises with benefits from both. Tezos is an open-source, decentralized blockchain platform capable of executing peer-to-peer transfers, as well as being used for smart contract deployment.
Similar to Ethereum, another decentralized blockchain system allows developers to utilize full protocols via smart contracts in a blockchain. Furthermore, the Ethereum Blockchain Platform is built using Solidity, the programming language which allows for the development of smart contracts, making Ethereum the Blockchain Platform for Smart Contracts. Ethereum allows users to build new financial applications, decentralized markets, make games, cryptocurrency wallets, and much more. Blockchain development platforms are smart contract-enabled blockchain networks mainly developed with the goal to build decentralized finance (Defi) ecosystem.
The node seeds on a blockchain may be private (e.g., implementing a deal-management system within a defense firm), public (e.g., a cryptoasset-backed currency), or hybrid (e.g., a group of financial institutions running a shared KYC platform). The open-source MultiChain variant of Bitcoin is simple to use, and could be used to build custom blockchains, either private or public. Public blockchains are permissionless by design, allow anyone to participate, and are fully decentralized. Private blockchains are only partially decentralized, as the publics access to those blockchains is restricted.
Public blockchains enable all nodes on a blockchain to have an equal right to access the blockchain, create new blocks of data, and verify blocks of data. Public blockchain networks are open for all, so there is no company or central authority that can prevent you from downloading the node and joining the consensus. Anyone can join the network and take part in the blockchain. Blockchain networks, like Ethereums Blockchain Platform, run privately, or without permission, and anyone can access them from anywhere.
Some examples of private blockchains are Ripple, the commercial-to-business virtual currency exchange network, and Hyperledger, the umbrella project for open-source blockchain applications. Ripple established its own Ripple Platform in 2012 with the goal of creating a business-friendly blockchain network, connecting digital asset exchanges, banks, and payment providers. Launched in 2015, Ethereum is a decentralized blockchain platform which allows the creation of smart contracts and distributed applications (DApps) without downtime, fraud, controls, or interference by any third parties. EOS could be called the advanced version of both the Ethereum and Bitcoin Blockchains, as EOS supports some features which are effectively missing from both.