In the Cryptocurrency World Top 5 Public Blockchain

It is difficult to find the top five public blockchains in the cryptocurrency industry. Let's look at the top public blockchains.

Blockchain technology is revolutionary, just like the internet two decades ago.
Blockchain technology is still very early in its development and there are still a lot of things to be done.
To increase awareness about this groundbreaking technology.

There are currently more than 2,000 cryptocurrencies on the open market that use blockchain technology.
It can be used in a variety of ways.

Before diving into the top five public blockchains on the cryptocurrency market, it's important to understand the various types of cryptocurrency.

Cryptocurrency categories

The cryptocurrency market can be divided into three main categories:

  1. Cryptocurrency Coins - These coins can be used as a means of exchanging value or to transfer money.
    A cryptocurrency coin's primary purpose is to be used as digital cash (also known as digital currency).
    Each coin in this category has its own blockchain. Some examples of cryptocurrency coins are Bitcoin (BTC), Monero XMR (XMR), or Bitcoin Cash (BCH).
  2. Protocol Coins: Coins native to protocol blockchains that have additional functionalities
    Smart contract technology is used to develop decentralized applications (dApps).
    Protocol coins are similar to cryptocurrency coins in that they have their own blockchain.
  3. Tokens: Tokens can be described as digital assets built on top of another Blockchain protocol. Tokens don't have their own blockchain.

Since tokens are able to use existing public blockchain networks for their coins, more than 90% of cryptocurrency on the market can be classified as such.

Protocol coins are the most commonly referred to category of cryptocurrency when it comes to the different types of blockchains that exist in the cryptocurrency world.

We must clarify that blockchain is the underlying technology, and cryptocurrency are the manifestations of value. However, protocol coins will be used to refer to protocol platforms as protocol coins. A public blockchain platform has its own native coins in order for it to function.

Protocol coins are therefore native and identical to the coins when we talk about them.

Top 5 Public Blockchains

Initial conceptions of blockchains were to be a public, decentralized ledger that is accessible to all.
Private blockchain solutions are available on the market. However, we will stick to our original vision of blockchains being a public platform and omit permissioned ones. The public blockchain is therefore known as a permissive blockchain.

Here are the top five Blockchain solutions that can be used as protocols. Blockchain protocols can be viewed as the infrastructure upon which applications are built, and we stand to benefit from any growth within the ecosystem.

#1 Bitcoin

Bitcoin is the "founding father" of decentralized cryptocurrency. Its creation in late 2008 was the catalyst for the development of the vibrant crypto-currency ecosystem we have today. It also spearheaded the utility and development of the blockchain ledger.

Therefore, it is not surprising that Bitcoin is one of the most popular public blockchains.
Bitcoin is a medium for exchange and not a protocol for blockchain transactions, but the technology behind almost all cryptocurrencies that we see today mirrors Bitcoin’s blockchain.

Bitcoin was the catalyst for the whole cryptocurrency industry. Its blockchain is the ultimate symbol of all blockchains that are part of the public network. Because it is distributed, the Bitcoin blockchain is highly secure. There is no single point to entry. The cryptographic functions in its blockchain mechanics make transactions recordable and secure.

The Proof-of-Work (POW), a mechanism that establishes consensus among its network distribution, is used by Bitcoin's blockchain. It was developed by specialized blockchain developers.

To secure Bitcoin transactions across the globe, POW requires a lot of energy consumption and high-end computer hardware.

The POW consensus mechanism for Bitcoin is the crowning jewel in the field of distributed computing. It allows distributed and decentralized networks to agree on a single truth.
Everyone can do it, which is something that hasn't been possible in cryptography and computer science before Bitcoin.

Bitcoin's supply has been fixed at 21,000,000 and it is considered a deflationary cryptocurrency since no Bitcoin can be minted after the 21 million cap.

A single block of transactions on the Blockchain takes approximately 10 minutes.
This is more than 2,000 transactions in a single block.

The Bitcoin blockchain can execute 4-7 transactions per second.
This has raised the standards of blockchain for all other cryptocurrencies in the future.

#2 Ethereum

The top five public blockchains list places Ethereum at number two.

Ethereum, a decentralized blockchain platform, was launched in 2015. It allows the creation of Smart Contracts and Distributed Applications.

Smart contracts, a groundbreaking feature of blockchain, allow for the creation of pre-programmed and automated contracts that can be self-executed.

Ethereum is the first decentralized blockchain to enable smart contract functionality.
There are many applications and use cases for the technology in the real world.

Vitalik Buterin created Ethereum to expand blockchain technology's applications.

"Bitcoin's digital currency is great, but its scripting language makes it difficult to build any serious advanced applications on top."

Vitalik Buterin (founder of Ethereum) on the limitations to Bitcoin

Solidity is Ethereum's native programming language. This allows developers to create and publish distributed applications on the Ethereum Blockchain.

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Ethereum is second in cryptocurrency market after Bitcoin. However, unlike Bitcoin, Ethereum allows you to use other dApps.
It can be built on top of its Blockchain. It is a completely different system from Bitcoin's.

Some even claim that Ethereum's blockchain helped increase blockchain adoption!
At the moment, Ethereum uses a POW consensus system. Ethereum has plans to change this in the future.
To transit to a newer consensus system called Proof-of-Stake.

POS attempts to achieve consensus in a random way. Participants (miners), must stake a certain amount native coins to be able mine transactions. POS aims to reduce carbon emissions.
POW while maintaining the integrity and security of the blockchain.

Ethereum can process more transactions than Bitcoin. It has the capacity to process approximately 15 transactions per second.

#3 NEO

NEO, also known as Antshares is a blockchain platform that you can use to build a scalable network.
Decentralized applications with a special focus on digitizing assets on blockchain.

NEO is China's first Blockchain Platform and is part of a larger strategy by the Chinese government to establish itself as a leader in the blockchain industry.

NEO is a project that, unlike Ethereum, focuses on the smart-economy by encouraging the digitization real-world assets. This allows registration, depositary transfer, trade, clearing, and more.
settlement via a peer-to-peer network.

NEO, in other words is trying to create an organic ecosystem for a new digital economy. The native currency of
The NEO blockchain is a non-divisible NEO token that generates and uses GAS tokens for payment of transaction fees generated on the network.

NEO uses a Delegated Byzantine fault Tolerance (dBFT), consensus algorithm where mining nodes are
The NEO community has chosen them and they must meet a strict performance requirement. They also need to maintain a minimum number of NEO coins.

The dBFT system has a number of advantages. It consumes less resources than other consensus mechanisms, and can support more transactions at approximately 1,000 transactions per minute.

It comes at the price of centralization. We must trust consensus nodes to take action within.
The network's best interests are ours

#4 QTUM

QTUM, a hybrid platform, offers the best of both worlds. It combines Bitcoin's technological reliability with its cryptocurrency counterparts.
With Ethereum's groundbreaking functionality of smart contracts (dApps) and decentralized apps (skApps), you can be innovative with Ethereum.

It's a protocol that simplifies the use of smart contract for enterprise operations. QTUM is not a valid protocol.
It is based on Bitcoin's underlying code (and therefore represents a fork), and the developing team has abstracted
I added layers to that layer to enable the integration of Ethereum's smart contracts functionality.

QTUM is a combination of several elements of both Bitcoin and Ethereum. This allows for interoperability and takes advantage of the major advantages of each cryptocurrency. QTUM was the first blockchain protocol to successfully implement the POS consensus mechanism. QTUM is based on a POS system.
The supply of native coins in the country is fluctuating and increases at an annual rate of 1 %.

QTUM blockchain can support between 60 and 70 transactions per second. It is different from other blockchain protocols because it focuses on real-world applications of smart contracts.

#5 WAVES

WAVES, a decentralized Blockchain platform, focuses on providing an easy interface for users.
Create your own tokens

Users can launch Initial Coin Offerings and Crowdfund their projects by leveraging WAVES without needing to learn any technical skills.

The WAVES platform offers unique features such as multiple integrations with fiat currencies in the native wallet. This allows users to easily trade cryptocurrencies into fiat.

WAVES' technical architecture is the modular Scorex platform. This platform is intended to address many major problems in cryptocurrency, including scalability and ease of use. Leased Proof of-Stake (LPOS) is a variation of the POS consensus algorithm used by WAVES.
LPOS permits holders of WAVE coins to take part in the mining process, secure the network and participate in it while they are still
Earn more coins by staking your coins

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Holders will find the mining and stake me process simple and efficient. WAVES are also available.
Users can also trade their newly created coins on a decentralized exchange (DEX).
Pair with any other WAVES coins

WAVES currently supports 100 transactions per second.

The Top 5 Public Blockchains

The cryptocurrency industry is still a young one and is in constant evolution. Blockchain adoption is rapidly gaining momentum not only among retail audiences, but also at the corporate and governmental levels. Blockchain will soon be a global technology leader and mainstream adoption is just a matter of time.

Based on their level of usage, the top five public blockchains that everyone should know about are:
Its utility is well-known among the wider cryptocurrency community. Bitcoin is the leader of the pack, with many others following suit.
Other public blockchains have been developed over time to accommodate different utility and use cases.
As updates and overhauls occur, the many technological innovations will only get better.
It will take place.