Public Blockchain Development
LimeChain offers all kinds of full-stack public blockchain development. We have experience with layer 2 solutions, along with innovations and services such as monoplasma, bonding curves, smart wallets, and more. Our portfolio further includes third-party integrations, such as KYC and payment providers.
Public Blockchain Explained
A public blockchain is a distributed virtual ledger that runs on a peer-to-peer network and is accessible for anyone to view, read, or write data on. It is also known as a permissionless blockchain since no permission is required to access it or participate in it. Public blockchains are one of the three main types of blockchains. Due to their decentralized, distributed nature, instead of having a centralized point of power or decision-making, public blockchains are controlled by all of their participants.
Once a transaction has been recorded on the ledger, it is immutable and cannot be reverted. In other words, public blockchains are “append-only”. For a transaction to occur, though, it must be approved by the majority of the nodes in the blockchain.
Beyond their use for cryptocurrency exchange, for which they are known, public blockchains have been effectively utilized in various other areas. These include the public sector, supply chain management, quality assurance, accounting, voting, stock exchange, energy supply, and more.
Interested in how public blockchain development can work for your business? Here are some of its benefits:
Benefits of Public Blockchain Development for Your Business
Whether you’re looking to store information on simple cryptocurrency balances or find a unique solution to storing valuable property ownership, medical record, reservation, or other data, public blockchain development can offer a robust solution with the following advantages:
Lower costs
All of this lowers the costs associated with hiring legal consultants and other such parties that establish trust or verify authenticity.
Transparency
Security
To change a record on a blockchain, one would need to change all subsequent records. But since the ledger is distributed across all nodes, rather than stored on a single server, this would need to happen everywhere at once. This means that once a transaction is recorded, it is impossible to change
Speed
Blockchain-enabled business processes are faster and more reliable than traditional ways of verification of transactions. Тhanks to smart contract development, you can pre-set conditions on the blockchain. Once conditions are met, smart contracts are triggered and self-execute and conduct transactions, without the need for oversight or approval.
The Public Blockchain Development Process
LimeChain is a blockchain-agnostic development company. This means that we choose the technology that fits the project best in terms of efficiency, feasibility, and scalability.
When working on public blockchain development projects, we implement an agile development methodology, working in sprints to build and ship products faster, better, and stay flexible as we go.
1
We offer the following services related to the development of a public blockchain:
- End-to-end product / MVP development
- Smart contract development
- dApp development
- Wallet development and integrations
- Decentralized autonomous organizations (DAO) and Continuous organization development (COD)
- Tokenization of assets
- Token offerings
2
To build our blockchain-based business solutions, we use the following public blockchain protocols:
- Ethereum
- Hedera Hashgraph
- Polkadot
- Celo
- Aeternity
Public Blockchain Development by LimeChain
There are three distinct types of dApps, usually called Type I, II, and III.
Permissionless, decentralized and borderless
It also grants greater freedom to users as DeFi apps typically allow them to retain their private keys, and be in control of their finances.
Transparent
Transactions are also public which provides greater market efficiency because there is no information asymmetry such as in traditional finances.
Transparent
Transactions are also public which provides greater market efficiency because there is no information asymmetry such as in traditional finances.
Transparent
Transactions are also public which provides greater market efficiency because there is no information asymmetry such as in traditional finances.
Transparent
Transactions are also public which provides greater market efficiency because there is no information asymmetry such as in traditional finances.
Transparent
Transactions are also public which provides greater market efficiency because there is no information asymmetry such as in traditional finances.
Public Blockchain Development by LimeChain
LimeChain has worked on over 100 blockchain-related projects since 2017. Our approach is blockchain-agnostic and we have completed projects across all major protocols.
We also have experience with layer 2 solutions, along with innovations and services such as monoplasma, bonding curves, smart wallets, and more. Our portfolio further includes third-party integrations, such as KYC and payment providers. If needed, we can also provide you with legal support in the implementation of your blockchain project.
We have also developed our own development frameworks and tools which include:
– Etherlime (funded by ETH Community Fund)
– EOSlime (funded by EOS VC and Block.one)
– Polkadot tool (funded by the Web3 Foundation)
– Aeternity tool (funded by the Aeternity Foundation)
Working on the next big thing?
You have the great vision we got the skills to bring it to life. Let’s build something great!