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Five Types of Blockchain Protocols That Are Widely Accepted
Hyperledger Fabric: A permissioned blockchain, Hyperledger Fabric is suitable for enterprises. It utilizes a modular architecture for flexibility and confidentiality
Bitcoin: The pioneer of blockchain technology, Bitcoin uses the proof-of-work protocol to validate transactions, ensuring security and decentralization
Ethereum: Known for its smart contract capabilities, Ethereum employs a proof-of-stake protocol to validate transactions more energy-efficiently than Bitcoin
Ripple: Focused on facilitating cross-border payments, Ripple uses the Ripple Protocol Consensus Algorithm (RPCA) to verify transactions rapidly.
Stellar: Designed for efficient cross-border transactions and remittances, Stellar uses the Stellar Consensus Protocol (SCP) to reach consensus among nodes quickly
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