Factors to Consider for Blockchain App Development

  • Nature of Platform – Determining which type is apt for you will make the Blockchain applications development process easier.
  • Smart Contracts – is a self-executing protocol that processes, validates or enforces any trigger-based action stored on the blockchain system.
  • Consensus Protocol –  Different blockchain development platforms work upon different consensus protocol, including Proof of Work, Proof of Stake, Proof of Elapsed time, Proof of Burn, etc.
  • Cryptocurrency – whether you need the use of cryptocurrencies in your mobile application or not also plays a pivotal role in finding the right platform.
  • Public/Private Network – Ask yourself what kind of network you want – one where all are free to make changes or the one where authorized users only can participate.
  • Adoption Rate And Functionality –  Adoption rate means the degree of implementation that a specific blockchain innovation has gotten.
  • Scalability – When taking consideration into blockchain scalability three central points are thought of: speed, security, and decentralization. This is known as the Scalability Trilemma and points to the fact that any developer can hope to get, at best, two out of three charac

Leave a Comment

Your email address will not be published. Required fields are marked *