Currently, Blockchain is one of the emerging technology that can be applied in all industry verticals. We can see that organizations from various domains are embracing blockchain for digital transformation and its applications are going far beyond cryptocurrency and Bitcoin.
As of now, Many businesses have started exploring the uses of blockchain, the demand is also increasing. Most importantly, Blockchain plays role in storing Cryptocurrencies and crypto tokens. These two have made a huge impact in the marketplace. But many entrepreneurs and budding startups prefer token development services to create a unique token for fundraising. Crypto tokens are digital assets that have potential fintech solutions and easy implementation. So there is a huge demand and a lot of blockchain platforms available in the crypto marketplace. But, for budding startups, it will be difficult to choose the right one. To make it easy and simple here is the list of the Top 5 blockchain platforms to be considered for Token development.
How to choose the best Blockchain Token development platform?
Some of the crucial factors you must consider before choosing the token development platform are listed below,
1. Popularity
2. Type of network
3. Consensus Algorithm
4. Blockchain Mechanism
5. Language
6. Pricing
5 Prominent Token development platforms
The Top 5 Blockchain platforms for Token development are,
1. Ethereum
2. TRON
3. BNB Chain
4. Solana
5. Waves
Ethereum
Ethereum was first introduced in the year 2013 by Vitalk Buterin, It is the most popular and trending blockchain for smart contract development, Token Development DApp development, and more. However, it provides data security and a reliable structure that assures the smooth working of the underlying process. Ethereum has various token standards such as ERC20, ERC721, ERC1400, and more. But, most of them prefer the ERC20 tokens for their business.
TRON
Tron was first founded by Justin sun in September 2017. It helps to phase out the need for a third party or intermediate. In general, the Tron blockchain platform handles more than 2000 transactions per second in a risk-free manner. The token standards of TRON are TRC20, TRC721, and more.
BNB chain
It is a type of blockchain platform initiated by the Binance Community. It brings a huge level of freedom or liquidity. Similar to Ethereum and TRON, Binance has its own token standards they are, BEP20, BEP721, BEP1155, and more.
Solana
It is one of the fastest-growing blockchain platforms in the crypto marketplace. Solana works as a utility token. It increases liquidity and has complete ownership of digital assets.
Waves
Waves are one of the most familiar and popular blockchain platforms that allow easy creation of the token. This wave platform emerges as a prevailing token solution for each who wants to earn reap more profits in trading.
The above listed are the Top 5 prominent blockchain platforms for token development in the marketplace.
Now, To know the complete overview of Blockchain based Token development, here is a blog that acts as a magic lamp to explore the Top 5 prominent blockchain platforms for Token development >>> Token Development
