Do you have a revolutionary idea to run on a blockchain?
But you are not certain which blockchain is the best fit. Hang on tight; we'll cover them all just below with no fuss.
There are many smart contract blockchains, but a lot of them at the experimental stage, so we are going to take a look only at top dogs.

Ethereum

The first in the game and de facto standard in the industry.

Pros:

  • Big and strong community.
  • A lot of educational materials.
  • Tools for creating, testing and deploying smart contracts exist and decent quality.
  • Tools for creating dApps.
  • Easy to hire developers.

Cons:

  • Terrible performance – 15 transactions per second.
  • Users have to pay fees in order to interact with smart contracts.
  • Hard to update and modify smart contracts.

For who?
Public decentralized projects such as ico, voting system, auction, and governance.

EOS

New challenger holds spot #5 by capitalization. EOS looks to address Ethereum weaknesses and already gained an attention of millions.

Pros:

  • EOS will support at least 1000+ transactions per second at the start.
  • Low Latency Block confirmation – 0.5 seconds.
  • Smart contract platform powered by Web Assembly.
  • Inter Blockchain Communication.

Cons:

  • Hard to hire developers.
  • Not truly decentralized – blocks produced by a cartel of 21.
  • Not many tools and libraries.

For who?
Public decentralized projects with focus on performance such as decentralized exchanges.

Hyperledger Fabric

Hyperledger Fabric was introduced by IBM. It is more a toolbox for blockchain rather than a particular blockchain. It is worth to mention that Hyperledger Fabric is private and has no cryptocurrency.

Pros:

  • 1000+ transactions per second.
  • Modular architecture. Use only what you need.
  • Permissioned. Share data only with whom you want.

Cons:

  • Hard to hire developers.
  • Not many tools and libraries.

For who?
Private permissioned projects for enterprise.

Have any questions left?
We love to talk about blockchain projects.