Blockchain : how to choose the right tech for your business

Here we are, everyone around you is talking about blockchain and crypto-currencies. You have read some good papers to learn the concepts, maybe you went to some meetups to see a demo and some use cases. Now you want to start your decentralized blockchain project, the concepts convinced you in terms of transaction tracking and security. But there are some things you need to know before you start.

1-There are many blockchain technologies

Sometimes they are called decentralized registers, sometimes blockchain. Sometimes it’s not really decentralized because the nodes are controlled by a single entity, and sometimes the block chain is replaced by another innovative structure. Currently, there are about 1,500 cryptocurrencies and this figure is growing day by day. They can be classified in different categories :

Coin-oriented blockchains

These crypto-currencies are intended to allow money transfers very quickly anywhere in the world in a decentralized system (nobody controls this system).

Examples

Bitcoin

The first blockchain, Proof of work, No smart contracts
Who has not heard of Bitcoin? This blockchain is now well known around the world. It…