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  • Writer's pictureShivkumar

Multichain - Different Platform blockchain Technologies - Part 4

(By Shivkumar)

Multichain Blockchain Platform
Multichain Blockchain Platform

It is a platform for the creation and deployment of private Blockchains. It can be within the organization or between the organizations.

Multichain is an open source Blockchain platform which is based on Bitcoin’s Blockchain but is an enhanced version of the same. In case of Bitcoin, anyone can connect and transfer the assets on the chain; however, if we talk about Multichain then first you need to configure multichain at every node. Only after this, you can transfer the asset.

Key Features :-

  • Native multi-currency support.

  • Expected to be faster than Bitcoin

  • Permissioned management

  • Quick deployments

  • Supported languages- Python, C#, JavaScript, PHP, Ruby

Apart from function and operational benefits which Multichain has to offer, it covers most use cases for blockchain.

Furthermore, it has an easy-to-interact API; there is no need to learn a new programming language.

When it comes to hosting solutions Multichain blockchain is cheaper and better than Ethereum. Thus if you are willing to develop DApps, then Multichain is better than Ethereum.

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Next Topic on Blockchain Technology :- Hyperledger

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