5 Tips For Selecting The Right Blockchain Platform
Blockchain development is becoming increasingly popular nowadays and for all the right reasons! Blockchain has some of the most unmatched features such as immutability, security, and, decentralization, etc. However, when it comes to creating a blockchain app or solution, it is important to select the right blockchain platform, one that integrates well with your solution.
Here are the top 5 tips for selecting the right blockchain platform for your next solution:
1. Check the adoption rate:
The level of deployment or adoption of a specific blockchain platform determines the adoption rate. It is suggested to select a platform over one with a low adoption level that has a greater adoption rate. The explanation is straightforward: both technology and requirements are evolving more quickly. This suggests that technology will be strengthened and progressed in the near future the more widely it is adopted. So make sure to ask your blockchain development company UK to go for a platform with higher adoption rates.
2. Look for scalability:
If you intend to leverage blockchain technology for your next product, you should carefully analyze the platform’s transactional capabilities before choosing it. For instance, a company creating a blockchain-based payment gateway effectively needs a TPS of greater than 7. A blockchain platform with a faster transaction rate wouldn’t be necessary for those creating an internal data management platform or a comparable product, though.
3. Pay attention to security:
Security is a factor that should not be overlooked, especially if the business or organization is handling sensitive data. You must evaluate the security records of all the accessible platforms and select the best one in order to avoid security lapses and keep your data out of the wrong hands. Platforms with outstanding security records include Bitcoin, Ethereum, Ripple, NEO, EOS, and BUMO.
4. Choose between public and private:
Blockchain is divided into two parts; centralized and decentralized. An individual controls the network and the user’s access to the information in a centralized or private network. In contrast, anyone can access the data and take part in the network in a decentralized network.
You should choose a private system that is not decentralized if the system you are developing deals with sensitive patient data in healthcare systems or other private information. On the other side, you should place the data on the open blockchain development platform if you wish to maintain transparency through your platform.
5. Consider community support:
You must determine how active and accessible the community of developers is for the blockchain application platform of your choice. The same research can be done on websites like LinkedIn, Reddit, or Discord. You will require a lot of help and feedback as your blockchain project develops. Additionally, to improve the developer experience, try to discover what supporting developer tools are available.
These are the five pro tips that will help you select the right blockchain platform. However, if you’re still confused you can always talk to an experienced service provider such as Systango, a blockchain development company UK that can help you find the most suitable platform!
Systango also has a talented pool of blockchain developers for hire that can help you with the end-to-end development process. To know more about Systango’s blockchain development service, you can visit their website!