Top 4 Blockchain Platforms to watch for in 2020

As 2019 winds up, everyone is busy looking at their scorecard for the year and hoping to make things better in the coming year. Blockchain enthusiasts are also looking up to consolidate on the gains they made this year or change their blockchain investment focus.

With the SEC currently on watch in the blockchain industry, it seems there would be more serious-minded platforms in the next year. So, which ICO platform has been tipped by experts to excel in 2020?

LOOM

There are lots of blockchain platforms established within the past 18 months with the intent of overcoming the flaws of Ethereum. LOOM is exactly of them. The platform operates with a two-layer protocol and DPoS that powers its dApp network. It has been successful to an extent in its goal of correcting Ethereum’s scalability difficulties.

LOOM is compatible with all ERC721 and ERC20 assets, which makes it more attractive. It also provides an avenue for Ethereum-based sApps to switch with no difficulties. LOOM has risen in popularity since it was launched and the blockchain industry is having high hopes for the platform for more growth in 2020.

LiquidApps

LiquidApps was launched just this year, and it has already risen beyond older and established blockchain platforms. The platform gives developers the chance to build better, irrespective of their domain. Those dealing with sApps, utilities, crypto tools, products, or services are covered.

One advantage of this platform has over others is the fact that it has very strong and experienced individuals backing. The co-founder and CEO, Beni Hakak, has an incredible track record within the industry. He was a former consultant at Ernst & Young, and also served as the Director of Operations at Banco.

The company has released several products, with the latest LiquidLink, arguably the most interesting. LiquidLink bridges the Ethereum and EOS blockchain platforms to create a framework for dApps.

There are equally other interesting products from the platform, which includes SDK, Zeus, and Oracles for queuing off-chain data. Experts believe that the company will be one of the platforms to watch in 2020 because of what it has on the ground already.

Voatz

Voatz makes use of the hyperledger blockchain technology for political solutions. The platform wants to solve democratic inefficiencies, including low voter turnout and election insecurities. VoatZ platform can take advantage of the 2020 US general election and establish itself as a political focused blockchain platform to reckon.

It offers an avenue that accommodates voters who cannot vote physically. They can use their smartphones instead of mailing complicated paper ballots.

Echo

Echo is a smart contract protocol and sidechain platform that works with Bitcoin. It makes use of decentralized consensus-based on BFT and VRF.

The company is one of the few blockchain platforms that launched its operations without raising capital via ICO. That is because it has already set up its entire protocol and infrastructure before its launch.

And the reason why stakeholders are tipping them for greatness in 2020 is not because of their startup, but their bigger plans. The platform is partnering with RSK to design the DKG/Threshold framework for the Bitcoin sidechain. If the partnership works well, Echo will become the next Bitcoin App layer, where freedom and privacy will be completely guaranteed.

Conclusion

This year has seen an unprecedented rise in the number of blockchain platforms and a fall of some existing ones. Right now, people no longer have to be forced to choose between EOS and Ethereum, as there are lots of several options. And this is where the problem lies. It is now more difficult to choose which platform will be more favorable in the coming year. But we’ve scaled down the options to the most promising. The above blockchain platforms are surely the top platforms to watch for in 2020.

Author: Ali Raza for Crypto-Rating.com