Blockchain has emerged to the top
of the technology invention league in no time. This robust ecosystem is a block
of chains used to power much more than just Cryptocurrencies like Bitcoin. This
technology revolution has resulted in the rise of Blockchain development companies throughout the world.
Lots of business bigwigs have
already realized the potential of the decentralized ecosystem. The list of
those brands includes but is not limited to names like IBM, eBay, Microsoft,
Samsung, Amazon, and Alibaba only. This is inspiring many industries more
industries explore the potential of this ecosystem with the help of Blockchain development companies using
a variety of relevant tools.
Let’s talk about some of them
one-by-one.
Some popular tools used for Blockchain development:
There is a variety of Blockchains
in the market. All of them offer their own set of specifications help execute
smart contracts in their own way. Meaning, Meaning, Blockchain developers nowadays are transforming this decentralized
chain of blocks into an ecosystem capable of doing much more than just
processing transactions and storing values. Thanks to the following tools:
Solidity:
What value does it add to the
developmental process of Blockchain? This question must be striking your mind
at this time. Do not worry! This happens to the best of our understanding. Top Solidity Blockchain development companies
utilize the potential of this contact oriented language for achieving a
variety of vital tasks. For example:
·
To write smart-contracts. These smart contracts
can be easy to execute on a variety of Blockchain platforms like Ethereum.
· Another key specialty of this contact oriented
language is the syntax similar to JavaScript programing language called
ECMAScript.
· For improving the capability of EVM (Ethereum
Virtual Machined).
· Easily converts solidity scripts into an
easy-to-understand and read format for EVM (Ethereal Virtual Machine).
· Offers two different types of compilers called solc
and solc-js.
C++ has played a key role to get solc
coded whereas solc-js utilizes the potential offered by Emcscripten. This is a
huge reason why most of the business bigwigs nowadays try to hire the best solidity developers.
Testnet:
This is another tool used for the
development of Blockchain. There are two different types of testnets you can
utilize. For example:
·
Public testnet
·
Private testnet
Both these types of testnets
offer a variety of specifications of their own. For example:
Public testnet:
o Anyone
connected to the internet can leverage the advantage of public testnet.
o In
case someone wants to hook up to public networks, wallet interfaces like
MyEitherWallet or Metamask can be the help you need.
o The
market is flooded with a variety of public testnets ready to be used. The list
includes but is not limited to Rinkeby, Ropsten, and Koven only. This is
another reason why most of the
Blockchain development companies prefer public testnet.
Private Testnet:
o Talking
about the private testnet, this option comes handy if you do not plan on using
public Blockchain.
o It
is again a good Blockchain option for the development of a sensitive project
and also for the simulation of mining.
o Experienced
Blockchain developers prefer it for
a variety of reasons like keeping vulnerability at an arm’s distance to avoid
hacks and attacks to help check the functionality of transactions securely.
A key thing to keep in mind:
Both these types of testnets do
burn a hole into your pocket. However, but you still have to pay in some form
to some extent for leveraging their potential of these two testnet types.
·
Some power of CPU is consumed
·
Disk space in the computer of a developer is
also consumed
Coinbase API:
This San Francisco based popular
Cryptocurrency is fast cementing itself as a great tool for Blockchain development companies.
Meaning, Coinbase is now very keen to come out of its image of exchange for “flat
to crypto” trade.
It offers a lot of value as a Blockchain
development tool. For example:
·
A perfect medium required for the construction
of Bitcoin applications.
·
A solid tool for the integration of already
existing Bitcoin apps.
· Offer capabilities to help developers for the
collection of read-only data and also for building new things.
· Another key feature of this API is a system for
the development of Bitcoin wallets and addresses.
· If needed, allows you to enable purchases, sell,
send and even receive Bitcoin from one part of the world to another easily.
· Client libraries, SDK’s for mobile (Software
Development Kits), REST APIs capable of merging payments made in the form of Bitcoin,
Bitcoin cash, litecoin, and Ethereum into an application your business needs
for growth.
This is not the end of values
these three Blockchain tools offer to developers. Moreover, the list of such
tools also does not end here only. All these tools discussed here are capable
of adding much more value to your business in their own way.
You just need to figure out the
kind of Blockchain your business actually needs. This clarity of mind will help
you figure out the best possible tool for your business accordingly. In case
you face some difficulty during the decision-making process, seeking valuable
advice from the best Blockchain developers can be the best thing to do.
