EOS
is another popular blockchain platform for building dApps. It was launched in 2018 and has since become one of the largest blockchain platforms by market capitalization, with a total market value of over $40 billion as of May 2021.
EOS
‘s smart contract functionality allows developers to create self-executing contracts that can automate complex processes and enable secure peer-to-peer transactions.
EOS
has several features that make it suitable for building dApps, including its support for high transaction throughput, scalability, and fast confirmation times.
EOS
‘s consensus mechanism, known as Delegated Proof of Stake (DPoS), allows for faster transaction processing and lower fees compared to PoW. Additionally,
EOS
offers several tools and frameworks for building dApps, including
EOS
Studio, Scaffold, and Snapshots.
However,
EOS
has several limitations that may make it less suitable for certain use cases. One of the main challenges with
EOS
is its lack of decentralization, as the network is controlled by a small group of delegates who are responsible for validating transactions and maintaining the integrity of the blockchain. Additionally,
EOS
‘s smart contract functionality is limited compared to other blockchain platforms, which may make it less suitable for complex applications that require advanced programming capabilities.
Tron
Tron
is a blockchain platform designed specifically for building dApps in the entertainment industry. It was launched in 2017 and has since become one of the largest blockchain platforms by market capitalization, with a total market value of over $5 billion as of May 2021.
Tron
‘s smart contract functionality allows developers to create self-executing contracts that can automate complex processes and enable secure peer-to-peer transactions.
Tron
has several features that make it suitable for building dApps in the entertainment industry, including its support for decentralized storage, security, and scalability.
Tron
‘s consensus mechanism, known as Delegated Proof of Stake (DPoS), allows for faster transaction processing and lower fees compared to PoW. Additionally,
Tron
offers several tools and frameworks for building dApps, including
Tron
Studio, Truffle, and Remix.
However,
Tron
has several limitations that may make it less suitable for certain use cases. One of the main challenges with
Tron
is its lack of interoperability with other blockchain platforms, which may limit the potential for cross-chain dApps and decentralized exchanges (DEXs). Additionally,
Tron
‘s smart contract functionality is limited compared to other blockchain platforms, which may make it less suitable for complex applications that require advanced programming capabilities.
Hyperledger Fabric
Hyperledger Fabric
is a blockchain platform designed specifically for enterprise use cases. It was launched in 2016 and has since become one of the largest blockchain platforms by market capitalization, with a total market value of over $3 billion as of May 2021.
Hyperledger Fabric
‘s smart contract functionality allows developers to create self-executing contracts that can automate complex processes and enable secure peer-to-peer transactions.
Hyperledger Fabric
has several features that make it suitable for building enterprise dApps, including its support for decentralized storage, security, and scalability.
Hyperledger Fabric
‘s consensus mechanism, known as Modular Consensus Algorithm (MODAC), allows for flexible and customizable consensus algorithms that can be tailored to specific use cases. Additionally,
Hyperledger Fabric
offers several tools and frameworks for building dApps, including Composer, Fabric SDK, and Node.js.
However,
Hyperledger Fabric
has several limitations that may make it less suitable for certain use cases. One of the main challenges with
Hyperledger Fabric
is its complexity, as it requires significant technical expertise to set up and maintain the network. Additionally,
Hyperledger Fabric
‘s smart contract functionality is limited compared to other blockchain platforms, which may make it less suitable for complex applications that require advanced programming capabilities.
Case Studies
To illustrate the strengths and weaknesses of the various blockchain platforms for building dApps, let us examine some real-life examples.
Ethereum
: Cryptokitties
Cryptokitties is a popular dApp built on the
Ethereum
network that allows users to breed and sell digital cats. The app has been incredibly successful, with over $20 million in transactions processed since its launch in 2017. Cryptokitties’ success can be attributed to
Ethereum
‘s smart contract functionality, which allowed the developers to create a unique and engaging game that could be monetized through digital asset ownership and trading.
EOS
: Telegram Open Network (TON)
Telegram Open Network (TON) is a dApp built on the
EOS
network that allows users to send and receive payments and invest in decentralized finance (DeFi) applications. TON has been incredibly successful, with over $1 billion in transactions processed since its launch in 2019. TON’s success can be attributed to
EOS
‘s fast transaction processing and low fees, which enabled the developers to build a scalable and efficient DeFi platform that could compete with centralized exchanges.
Tron
: Dfinity
Dfinity is a dApp built on the
Tron
network that allows users to store and access their data in a decentralized manner. Dfinity has been incredibly successful, with over $10 million in transactions processed since its launch in 2018. Dfinity’s success can be attributed to
Tron
‘s support for decentralized storage and security, which allowed the developers to build a secure and private platform that could compete with centralized cloud storage services.
Hyperledger Fabric
: Maersk
Maersk is a global shipping company that has partnered with IBM to build a blockchain-based supply chain management system using
Hyperledger Fabric
. The project, known as TradeLens, has been incredibly successful, with over 200 companies and governments joining the network since its launch in 2018.