The world never knew it would submit to the Internet and technology is a short span. Today, each day has a story where the tech-savvy gives rise to new possibilities.
Imagine, if the world had stopped after inventing the Internet… we would be sitting in front of the big boxes, managing without the convenient methods of Internet devices.
Mobile applications, software, and websites would seem like some alien terms. However, turning back to reality, we have all of it, the podcasts, smartphones, IoT, and artificial intelligence.
Blockchain is yet another development that has bestowed the people with Bitcoin and digital currency. The tech community of SharePoint, C# development, and .Net development services have submitted to the blockchain technology.
So, while the technology successfully underpins Bitcoin and Ethereum, it holds power to improvise the face of healthcare, financial, logistics, insurance, and other industries.
Reports by Statista are crisp and clear about the future of Blockchain. The year 2019 is about to fetch a revenue of 2.2 billion U.S dollars, which will rise like an airplane to 23.3 billion U.S dollars in 2023.
It seems like quite a massive growth, a part of which will be majorly covered by the financial sector. 60% of the revenue we see on the chart will be brought in by blockchain technology in finance.
What’s so Worthy about Blockchain technology?
For people who still find it hard trusting the capabilities of Blockchain, should know that this technology ain’t confined to record-keeping of immutable data. It also seems to be performing well with program execution.
Looks like developers put their soul and heart in blockchain technology, considering it to be a reliable tool for data trading and transferring.
Thus, with Blockchain, the developers have achieved the art of creating Dapps and other peer-to-peer transactions.
However, the old and new both sets of developers have a long way to understanding Blockchain. In this case, let’s make your life simple by making you familiar with some tools.
Sit back and relax (only for now) as these tools are going to ease out your worries and guide through blockchain development.
Tools of the Technology
1. Geth
We already discussed in brief about one of the two parts of blockchain technology is Ethereum. Geth is the node provider of this platform. Thus, the art of creating smart contracts, mining of tokens, and their transfer is done and dusted by Geth.
While working inside the Go Programming language, Geth is the console that acts of command inputs and execution of the function.
The users of Windows, as well as Linux, can enjoy the power of Geth. With more power to the developers, they can save the data and also get access to block history.
2. Truffle
Yet another Ethereum platform tool, designed to support asset pipelines and create a suitable aura for development.
Just like bread and butter ideology, Truffle is a quick processor and easy-to-use tool for all developers.
The added library support and codes to custom deployment give the tool an extra edge over many other Blockchain tools. On digging deep inside the tool, the features found will change the art of app development.
To mention a few, there are;
- Functions that perform automated testing;
- Compilation, deployment, linking and binary data management all built inside the tool;
- Deploying public and private networks under network management system;
- Asset rebuilding at the time of development.
The Truffle tool is also one of the efficient helping hands for developers when they need support for creating decentralized apps.
3. Blockchain as a Service (BaaS)
BaaS came into the picture solely to provide backend capabilities to all the blockchain solutions. The idea was to create such technology that webmasters can launch blockchain in painless efforts of few clicks.
Ruling out the complex structure of technicality involved in the development, individuals and companies can easily work with Blockchain techs.
Under this impression, the industries in the market have started to step foot in Blockchain. Microsoft company has started the revolution by creating Azure, a decentralized app offering specific aids.
Atop of everything, the BaaS tool is worth every penny. Not only it will solve problems of complex technicalities but also reduces the monetary as well as environmental cost.
4. Mist
A tool that offers its services to Windows, Mac, and Linux puts forward a strong competition among other tools for Ethereum.
According to the design of the tool, Mist is a node wallet catering smart contract deployment. It might be a question of interest to all of you that “Why Mist is so important for the Blockchain technology? There are other tools with the same functions, why not rely on them?
It is because Mist is created by the Ethereum sources themselves, which makes the tool more compatible and reliable to operate on test and main blockchain.
5. Multichain
Where do you go for multi-currency financial transactions? The end of the road is probably blockchain oriented bitcoin.
Under the line of Bitcoin Blockchain, the developers created Multichain, an open-source tool. With the idea of pace deployment, multichain gives access to various sets of permission and controls.
6. Embark
Designed for deployment of apps under the Ethereum platform, Embark is all set to manage decentralized apps; i.e., DApps.
The smart contracts built with tools stay in sync with the changes in the system. Hence, whenever a developer changes fact or a code, Embark modifies the contract along with the associated DApp.
Migration is smarter with this tool than any other blockchain supporter. A watch over contract modification and reflecting changes is the USP of Embark tool.
7. Remix
A JavaScript embedded tool, Remix is a blend of small contracts and solidity. Moreover, the flexibility tools allow the developers to inscribe code on the front-end while monitoring for code deployment in the blockchain.
Simple operations like testing, debugging and distribution of smart contracts are processed at the speed and ease of snap of the fingers.
The open-source tool is a go-to solution for many developers, not just because it is free but it is also easy to handle.
8. Tierion
The Bitcoin Blockchain tool is designed to verify the database with the assistance of developer tools and API technology. As a result, the distributed ledger is filled with system codes and data.
An additional boon comes along with the creation of ChainPoint. This open standard checkpoint is meant to record data and generate receipts of information.
All such data is collected and presented in such a manner that reliance on the information needs no other proof.
9. Coinbase’s API
The craze of Bitcoin has taken the world by storm…
Ever since Blockchain found a place in the market, business units are on the track of creating new Bitcoin apps. If this wasn’t enough, the existing apps are also using the spirits of Bitcoin.
All due to the amazing blockchain tool; i.e., Coinbase’s API. It is a tool that is powered to gather read-only data. Inside the tool, developers can find numerous ways to create Bitcoin wallets and addresses.
The API is designed to bring together Coinbase and many other applications waiting to enter the market.
10. OpenChain
Yet another open-source blockchain tool made to protect the digital assets of an application. OpenChain is a tool to furnish the capabilities of smart contract, modules, multiple levels of control, and permission access to certain sets of data.
Showcasing a digital side, the mechanism of OpenChain allows signing transactions digitally. The developers are thus digitally occupied and get to deal with transactions virtually.
The best part about this deal is that tech masters won’t have to buy cryptocurrencies, an open-source platform, OpenChain comes free of cost.
11. Ethereum
A lot has been already discussed and put on the table about Ethereum. However, the tool under the name itself has add-ons to run the smart contracts effectively.
Moreover, the idea of the Ethereum Blockchain tool is the development of the next-gen decentralized app. The developers are given free space to explore and design cryptocurrencies alongside digital tokens.
12. Ripple
Ripple comes out as one of the different tools of Blockchain Technology. Smart contracts and Bitcoin applications all kept aside, Ripple joins hand with payment providers, banks, and corporates.
The exchange of digital assets is something you would expect from the platform of Ripple. The payment service popularity has rose Ripple to the equal fame of Bitcoin and Ethereum.
It is the advanced blockchain technology of Ripple that makes it scalable and quick than any other tool.
13. Corda
Want to create a permission-based ledger system? Well, Corda, the intuitive Blockchain tool is designed with robust capabilities to cater to a similar experience.
As an addition, the tool allows management of legal agreements between the parties. With Corda, the developers are assured of a safe and secure ledger which allows no unauthorized access.
The special fact about Corda says that it performs transactions under strict privacy and it is the only tool to have pluggable consensus.
14. Quorum
Quorum is exactly like its parent tool Ethereum with only one difference that Quorum is a business focused tools, unlike other Blockchain tools.
The updates seem to reflect in this tool at a quick pace along with the application of seamless efforts.
High-speed transactions and privacy gateways, all fall under the specifications of Quorum. Did you know? This tool holds the technology to solve all confidentiality issues by bringing the private and public blockchain transactions.
15. MyEtherWallet
A proper and universal payment wallet is all you need to transact safely at a store. By using the denominations of cryptocurrency, MyEtherWallet secures all your savings in safe storage.
Inside this tool, we can see two types of storage. One is hot storage and another is cold storage, linked to the Internet and offline synchronization respectively.
Do you think the tools and wings of BlockChain technology will just end with this?
No… remember we mentioned about Internet evolution in the beginning, in just the same manner BlockChain will see the light of a plethora of innovations. All you have to do is just pick the right tool and get moving with your business.
