One thing we can all agree on is that Blockchain offers several advantages and has changed many industries forever. But many people are oblivious to the fact that there are different blockchains, each better than the other depending on where they are deployed.
The three notable blockchains we discuss here can have all proven to be game changers for one reason or another. As the exciting world of blockchain technology continuously expands, most people may have heard of the likes of Ethereum or Solana, but may not be aware of the underlying blockchains responsible for their success. Whether it’s speed, security, or other considerations that have made them significant, here’s a look at three amazing blockchains you should know and why.
Tron
Justin Sun founded Tron in 2017, intending to create a system that allows content creators to retain control over their content and its distribution. Its blockchain architecture has three layers: application, storage, and core.
There are also plenty of specialized online casinos that accept Tron (TRX) as a payment method which have developed a good reputation for generous bonuses, great gameplay, and fast, efficient, and secure transactions.
For programmers, there are also many perks to using Tron’s network and its application layer to establish and deploy decentralized apps on the Tron blockchain, including decentralized finance (DeFi) and social media platforms. The storage layer helps retrieve data and transactions.
The core layer processes commands written in Java or Solidity and transfers them to Tron’s virtual machine, TVM. TVM is a secure environment that helps to execute smart contracts, which can be key to operations on decentralized apps like online casinos, play-to-earn games, and finance.
The result is that casinos that allow Tron withdrawals and deposits can manage several processes autonomously, including automated payouts and game outcome verification. This way, the gaming experience remains fair and transparent for users.
Tron’s consensus mechanism is Delegated Proof of Stake (DPoS), which requires token holders to elect some validators called super representatives. These super representatives validate transactions and establish new blocks on their network. This way, the system remains decentralized and promotes community participation.
Bitcoin
Bitcoin’s blockchain is the first and remains the most popular blockchain despite having long since been improved on by others. Introduced in 2009, it demonstrated that cryptocurrency can concurrently solve the issue of decentralization and double-spending.
Bitcoin’s code is open source, which means that anyone can assess and provide a solution to any existing issue they discover. This has facilitated the development of Layer-2 solutions, including the Lightning Network. The Lightning Network allows Bitcoin users to make faster transactions at a reduced cost by establishing off-chain payment channels.
This blockchain uses the proof-of-work consensus algorithm to validate transactions and protect Bitcoin’s network. Proof-of-work involves miners solving complex math problems, and it requires significant computing power.
Ethereum
Ethereum completely changed the way we think about the blockchain and cryptocurrencies, from alternatives to fiat currencies to vibrant ecosystems with numerous decentralized software solutions for industries other than finance, including supply chain management, gaming, and even healthcare.
Ethereum is popular because programmers can build decentralized apps (DApps) like anonymous casinos, DeFi, and social media platforms on the blockchain. Crypto enthusiasts favor DApps because they prevent censorship, improve cybersecurity, and prioritize user autonomy.
Although Ethereum started on a proof-of-work consensus mechanism like Bitcoin, it switched in 2022 to proof of stake, which requires less specialized hardware and is less negatively impactful on the environment.
