If you’re thinking about launching an ICO you’re probably diving through the many decisions you have to make. From writing the whitepaper to creating a strategy for your marketing campaign, there’s a long way ahead. To add one more dilemma for you, which platform are you going to release your on?
You might think this one is simple, because is naturally the obvious choice. of the launched use it. To add some more data, by market cap are launched on . However, you should know that you have other options. All platforms, including come with advantages and disadvantages. You should be well informed and choose the platform that fits you and your ICO best.
Scalability, security and costs are key. New platforms are being launched and you might want to take a look at them. Now, let us shortly discuss the most popular ones.
Ethereum
is dominating the market, while its native ETH is the second most valuable crypto-coin after . is popular and a good choice because the ERC20 standard is compatible with all the online wallets. ERC20 are open-source easy to run that can be used for a variety of applications.
runs on its own programming language called Solidity. Newer and not entirely friendly, Solidity can be challenging. However, once one masters it, it lets the designer innovate and customize even the smallest details.
However, disadvantages exist even for . As Vitalik Buterin, the creator of said at :
“If you want to build a decentralized Uber and Lyft on top of an unscalable , you are screwed. Full stop.”
So, scalability is an issue here. If can process about 30 transactions/second, other platforms such as promises to deliver at least 1 million.
NEO — The Ethereum of China
NEO is a Chinese platform that brings something innovative: a digital identity infrastructure. It lets you back your digital assets with physical ones, which for some businesses might be an important feature. NEO targets Chinese businesses and governmental institutions and it’s fully compliant with the specific regulations. Microsoft is one of the strategic partners of NEO, which already brings an element of trust.
Unlike , NEOContracts are appealing to developers because they use well-known programming languages, like C#, Java and more recently Python. Their protocols can process around 1000 transactions/second since the bookkeeping nodes are operated by their internal team. However, this means that NEO is not a fully decentralized network.
Stellar
was made famous by who raised $39 million in January 2018. has its own exchange which means that the sold during an ICO can be quickly traded on their platform.
is popular because it’s cheap, the cost of 100 000 transactions being about 1 cent, and fast, because transactions are processed in 2–5 seconds (vs. 3.5 minutes on ). It also solves ’s scalability problem because it promises to process 1000 operations/second.
A list of their DApps use cases can be found
Waves
Founded in 2016 by the Russian Alxandr Ivanov, Waves is a popular open-source platform because it doesn’t require users to code complicated contracts but instead use plug-ins. Waves has its own , a decentralized exchange and a mechanism for releasing .
As a programming language, Waves uses Scala and their in-house protocol Waves-NG, which is an adaptation of -NG. They can process around 100 transactions/second.
17 Waves-based ICOs are now active on .
Omni
Omni is a software layer build on top of the . 716 are now built on Omni.
It provides users with more advanced features that include decentralised , smart contracts and custom coins. Being a layer of , OMNI coins are compatible with any and exchange that supports .
More technical details
, , and are all platforms that offer different functionalities. You might want to look at them as well. Not all ICOs need to run on . This is why we, at , want to give you as many options as we can so you can run your ICO on the platform that best fits your needs. Although for the moment we run on , the next step we promise to engage in is the integration of a series of the most popular blockchains.
Not all blockchains are created equal. This means that some blockchains will be more suitable for your business than others. is more expansive, but it’s also very popular. However, and NEO are much more scalable. Set your priorities straight and let’s have a chat so we can help you run your ICO nice and smoothly.
Published at Sat, 23 Mar 2019 13:56:54 +0000
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