The number of blockchain-based smart contract development platforms available to crypto developers is now greater than ever. Over the last 18 months, a Cambrian explosion in smart contract platforms has resulted in an embarrassment of riches and a plethora of options.
No longer are crypto projects forced to choose between network effects (Ethereum) and scalability (EOS). Thanks to an array of first and second layer solutions, there’s a multitude of ways to build and deploy dApps, exchanges, lending protocols and other crypto products that harness the power of smart contracts to automate processes and create uncensorable applications. If you’re seeking a smart contracting platform on which to build, here are five of the best.
Many of the smart contracting platforms that have sprung up over the last 18 months have been focused on supercharging Ethereum and overcoming its flaws. Loom is the perfect example of this. It operates as a layer two, with a delegated proof of stake (DPoS) powering its own high throughput dApp network. It has witnessed significant success in luring projects frustrated by Ethereum’s inability to scale, and now boasts dApps such as Neon District, Axie Infinity and Battle Racers. Blockchain gaming is just one of the many use cases for Loom, which is also now integrated with Tron and EOS.
Because it’s compatible with all ERC20 and ERC721 assets, Loom enables Ethereum-based dApps to switch with minimal disruption, and to tap into a production-ready smart contract solution that’s fast, secure, and blessed with excellent UX for ease of onboarding. Thanks to the efforts of Loom, RSK, Matic and the countless other companies tirelessly innovating, launching smart contract-powered applications is now safer and easier than ever. We expect to see a plethora of new products and new use cases unleashed in the wild as the smart contract ecosystem matures.
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