Here are five important blockchain protocols to know about:
Hyperledger: This is an open-source project under the Linux Foundation that provides a suite of tools and frameworks for businesses to build their own blockchain networks. Hyperledger is a permissioned blockchain, which means that only authorized participants can join the network. This makes it a good option for businesses that need a secure and private way to share data.
Ethereum: Ethereum is the second-largest blockchain platform after Bitcoin. It is a public blockchain, which means that anyone can join the network. Ethereum is best known for its smart contracts, which are self-executing contracts that can be used to automate a wide variety of tasks.
Multichain: Formerly known as Omni, Multichain is a platform that allows businesses to create private blockchains. Multichain is designed to be interoperable with other blockchain platforms, which means that businesses can easily share data between different blockchains.
Corda: Corda is an open-source blockchain platform designed specifically for the finance industry. Corda uses a unique consensus mechanism that allows only the parties involved in a transaction to validate it. This makes Corda a good option for businesses that need to conduct secure and confidential transactions.
Quorum: Quorum is a private version of the Ethereum blockchain that is designed for businesses. Quorum offers many of the same features as Ethereum, such as smart contracts, but it is also designed to be more scalable and permissioned. This makes Quorum a good option for businesses that need a private and secure way to use blockchain technology.