Choose the right protocols for your business
A blockchain is a distributed ledger that records transactions that happen within its network, but there are different ways to control and operate these ledgers. A protocol is the set of rules that define how the network behaves. Some may choose to be decentralized, rely on a certain hashing algorithm, build their governance upon a consensus mechanism, etc. Each one of them has its own native cryptocurrency.
Cryptum offers you some of the top public and 1 permissioned blockchain protocols.
Check the list of protocols and their main features within the Cryptum ecosystem:
- BNB Chain
- XRP Ledger
- Avalanche (C-Chain)
- Polygon (Matic)
Each blockchain has its own specification and use-cases. If the main feature you’re looking for is the transfer of value through a true and tested network then Bitcoin might be a good fit for you. For a smart-contract platform with widespread adoption, you can choose Ethereum. A focus on mobile-first experience might mean Celo is the way to go. If scalability is important Solana poses itself as a viable option with its thousands of transactions per second throughput.
There is a lot of common ground between the protocols, so many of the features you might find in a certain protocol might also be present in others. For instance: Ethereum, Celo, Binance Smart Chain, Solana, Avalanche (C-Chain) all have support for smart contracts. In fact, many of them are cross-compatible since they were built upon the same EVM (Ethereum Virtual Machine) runtime.
Some things to keep in mind when choosing a protocol are transaction fees, smart contract support, market value, adoption, decentralization level, transaction finality time, governance model, eco-friendliness, and sustainability.