Best Smart Contract Platforms for Bloq

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. Bitcoin transactions are secured by mathematics and energy. Cryptographic signatures prevent other people from spending your money. Energy spent by proof of work (PoW) prevents other people from undoing, rearranging or losing your transactions. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.

Polkadot is a blockchain network being built to enable Web 3.0, a decentralized and fair internet where users control their own data and markets prosper from network efficiency and security. Polkadot was founded in 2016 by Gavin Wood, former Co-Founder and CTO of Ethereum. Polkadot’s technology addresses the major issues that have stymied blockchain adoption in recent years. Polkadot’s software development toolkit, Substrate, created by Parity Technologies, makes it easy for blockchain developers to build their own custom, fit-for-use blockchains. Polkadot also enables multiple blockchains to communicate between each other, allows for easy upgradeability, and introduces “shared security”, a plug-and-play network security model that allows developers to focus on the technology and avoid spending time and resources recruiting a set of operators to run a new blockchain.

Ethereum is the community-run technology powering the cryptocurrency, ether (ETH) and thousands of decentralized applications. Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. Today, billions of people can’t open bank accounts, others have their payments blocked. Ethereum's decentralized finance (DeFi) system never sleeps or discriminates. With just an internet connection, you can send, receive, borrow, earn interest, and even stream funds anywhere in the world. Today, we gain access to 'free' internet services by giving up control of our personal data. Ethereum services are open by default – you just need a wallet. Stake your ETH to become an Ethereum validator.

Technology that enables frictionless finance. We are the technology company that built and developed the world’s first open, permissionless, pure proof-of-stake blockchain protocol that, without forking, provides the necessary security, scalability, and decentralization needed for today’s economy. With an award-winning team, we enable traditional finance and decentralized financial businesses to embrace the world of frictionless finance. Advanced technology paving the way for sophisticated applications. Comprehensive smart contract capabilities enable DeFi solutions and dApps that can scale to billions of users, tens of millions of daily transactions, with negligible transaction fees. Algorand Standard Assets are standard blockchain assets with customizable options, directly in Layer-1. Secure transfers and immediate transaction settlement for multiparty transactions built in Layer-1. Enabling enterprise to embrace decentralized finance.

Unprecedented interoperability and scalability for blockchain developers who want to quickly push the limits of what’s possible. Built using Substrate with nearly the same codebase and industry-leading multichain infrastructure as Kusama’s cousin, Polkadot. The relationship between society and technology has deteriorated to the point where large entities routinely stretch and overstep their authority. Kusama is a network built as a risk-taking, fast-moving ‘canary in the coal mine’ for its cousin Polkadot. It's a living platform built for change agents to take back control, spark innovation and disrupt the status quo. Move fast and ship your product. Kusama’s risk-taking and nimble mentality allows developers to move swiftly through the governance and upgrade process, enabling rapid progress and growth. Build on a next-generation, sharded, multichain network, while employing the newest features before they are deployed on Polkadot.

Build on Avalanche. Build without limits. Avalanche is an open, programmable platform for decentralized finance applications. Launch Ethereum dapps that confirm transactions instantly and process thousands of transactions per second, far beyond any decentralized blockchain platform today. Deploy blockchains that fit your own application needs. Build your own virtual machine and dictate exactly how the blockchain should operate. Stake, or lock up, your AVAX to help process transactions and further secure the platform–providing security guarantees well-above the 51% standard. You probably have the hardware required to join the platform. Avalanche is Solidity-compatible. All of your favorite tools like Remix, Truffle, and Tenderly work out of the box. Deploying smart contracts on Avalanche cost just a tenth of what they cost on Ethereum. High gas fees, front-running, and other adverse effects of slow smart contract blockchains are now a thing of the past.

Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption. The best projects in DeFi, Web3, and blockchain gaming choose to build on Solana for the long-term. Solana can process 50k transactions per second. Don't believe us? Stress test the network to experience Solana's speed for yourself. Say goodbye to high fees and slow confirmations. Solana is built for speed, without trade-offs. Solana leverages Proof of History and several other breakthrough innovations to allow the network to scale at the rate of Moore's Law. Never worry about rising fees as your user base grows. Solana is designed to keep fees low for applications with billions of users. Solana's single global state ensures composability between projects. Never deal with multiple shards or layer 2 systems.