{"id":2810,"date":"2022-05-26T04:59:48","date_gmt":"2022-05-26T04:59:48","guid":{"rendered":"https:\/\/www.sphinx-solution.com\/blog\/?p=2810"},"modified":"2026-01-16T04:23:53","modified_gmt":"2026-01-16T04:23:53","slug":"guide-to-blockchain-app-development","status":"publish","type":"post","link":"https:\/\/www.sphinx-solution.com\/blog\/guide-to-blockchain-app-development\/","title":{"rendered":"A Digestible Guide to Blockchain App Development"},"content":{"rendered":"<p>&#xA0;<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"><\/path><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1 \"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.sphinx-solution.com\/blog\/guide-to-blockchain-app-development\/#The_importance_of_Blockchain_through_the_lens_of_data\" title=\"The importance of Blockchain, through the lens of data:\">The importance of Blockchain, through the lens of data:<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.sphinx-solution.com\/blog\/guide-to-blockchain-app-development\/#A_blockchain_app_development_guide\" title=\"A blockchain app development guide\">A blockchain app development guide<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.sphinx-solution.com\/blog\/guide-to-blockchain-app-development\/#Blockchain_types\" title=\"Blockchain types\">Blockchain types<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.sphinx-solution.com\/blog\/guide-to-blockchain-app-development\/#Blockchain_app_development_platforms\" title=\"Blockchain app development platforms\">Blockchain app development platforms<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.sphinx-solution.com\/blog\/guide-to-blockchain-app-development\/#Factors_to_consider_for_blockchain_mobile_app_development\" title=\"Factors to consider for blockchain mobile app development&#xA0;\">Factors to consider for blockchain mobile app development&#xA0;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.sphinx-solution.com\/blog\/guide-to-blockchain-app-development\/#Blockchain_app_development_guide_%E2%80%94_the_technology_is_here_to_stay\" title=\"Blockchain app development guide &#x2014; the technology is here to stay\">Blockchain app development guide &#x2014; the technology is here to stay<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Blockchain-App-Development\"><span class=\"ez-toc-section\" id=\"The_importance_of_Blockchain_through_the_lens_of_data\"><\/span>The importance of Blockchain, through the lens of data:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The global blockchain market will reach <a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/blockchain-technology-market\">$1,431.54 billion<\/a> by 2030.&#xA0;<\/li>\n\n\n\n<li><a href=\"https:\/\/techjury.net\/blog\/blockchain-statistics\/#gref\">20%<\/a> of IoT technologies use blockchain-enabled services.<\/li>\n\n\n\n<li>On-Line PLC, a UK-based organization, witnessed a share price surge by <a href=\"https:\/\/appinventiv.com\/blog\/blockchain-app-development-guide\/\">394%<\/a> just by changing the company name to On-Line Blockchain PLC.&#xA0;<\/li>\n<\/ul>\n\n\n\n<p>We know what you&#x2019;re thinking, &#x201C;Let&#x2019;s delve into <strong><a href=\"https:\/\/www.sphinx-solution.com\/services\/blockchain-application-development\/\">blockchain mobile app development<\/a><\/strong>.&#x201D; However, read this article before you do.&#xA0;<\/p>\n\n\n\n<p>In the next five minutes, this <strong>blockchain app development guide<\/strong> will discuss the definition, types, development platforms, and factors to keep in mind about <strong>blockchain app development<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_blockchain_app_development_guide\"><\/span>A blockchain app development guide<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">What is Blockchain?<\/h3>\n\n\n\n<p>Blockchain is a publicly accessible database where digital information or transactional record are encrypted and stored in blocks and paired to each other with a hash function. Each block has the hash code of the previous entry.<\/p>\n\n\n\n<p>Furthermore, from a business perspective, blockchain is an exchange network that transfers value from peer to peer. The mechanism authorizes a transaction and validates the same from the legal perspective without middlemen.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Blockchain_types\"><\/span>Blockchain types<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Network<\/li>\n<\/ol>\n\n\n\n<p>Network-based blockchain has two subtypes &#x2014; Permissionless Blockchain and Permissioned Blockchain.<\/p>\n\n\n\n<p><strong>Permissionless: <\/strong>The whole network remains publicly accessible on computers and mobile devices. Thus, anyone can:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Access the code<\/li>\n\n\n\n<li>Run a public node on local devices<\/li>\n\n\n\n<li>Initiate interactions in the network&#xA0;<\/li>\n\n\n\n<li>Verify the transaction<\/li>\n<\/ul>\n\n\n\n<p>Furthermore, the user can remain anonymous all the while.&#xA0;<\/p>\n\n\n\n<p>Bitcoin is an example of a Permissionless blockchain.<\/p>\n\n\n\n<p><strong>Permisssioned: <\/strong>A closed ecosystem which allows only the authorized participants to act on the <strong>blockchain development roadmap<\/strong> as per the user&#x2019;s specific role.<\/p>\n\n\n\n<p>A set of predefined rules determine how each transaction will be implemented to fulfil the needs of <strong><a href=\"https:\/\/www.sphinx-solution.com\/\">blockchain development companies<\/a><\/strong>.<\/p>\n\n\n\n<p>Multichain will be an example of a Permissioned blockchain.&#xA0;&#xA0;&#xA0;<\/p>\n\n\n\n<p>2. Cryptocurrency support<\/p>\n\n\n\n<p>Cryptocurrency-based blockchain is further categorized into 4 sub-categories:<\/p>\n\n\n\n<p><strong>Crypto Exchange<\/strong>: Blockchain systems offering <a href=\"https:\/\/www.bytefederal.com\/bitcoin-atm-near-me\" target=\"_blank\" rel=\"noreferrer noopener\">crypto exchange convenience<\/a> for trading cryptocurrencies or digital currencies. You can pay using a credit card or postal money orders, among other payment methods. Many of these platforms also allow you to <a href=\"https:\/\/paybis.com\/business\/paybis-send\/\" target=\"_blank\" rel=\"noopener\" title=\"\">send bitcoin<\/a> quickly and securely to other wallets or users.<\/p>\n\n\n\n<p><strong>Wallets: <\/strong>Holds the private or public keys for sending, receiving, or storing cryptocurrencies. Also known as a crypto wallet.<\/p>\n\n\n\n<p><strong>Dapp: <\/strong>A decentralized app (dApp) development service dealing with apps not controlled by a single authority. The solution runs on a decentralized P2P network in real-time. Golem, Sia, and Augur are some of the examples.<\/p>\n\n\n\n<p><strong>ICO: <\/strong>Initial Coin Offerings (ICO) or Initial Currency Offering (ICO) is a crowdfunding system dealing with the generation and selling of cryptocurrencies or crypto tokens.<\/p>\n\n\n\n<figure class=\"wp-block-image\">&#13;\n<figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2022\/05\/blockchain-app-development-company.webp\"><img decoding=\"async\" class=\"alignnone size-full wp-image-4954\" src=\"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2022\/05\/blockchain-app-development-company.webp\" alt=\"blockchain-app-development-company\" width=\"1024\" height=\"512\" srcset=\"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2022\/05\/blockchain-app-development-company.webp 1024w, https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2022\/05\/blockchain-app-development-company-300x150.webp 300w, https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2022\/05\/blockchain-app-development-company-768x384.webp 768w, https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2022\/05\/blockchain-app-development-company-360x180.webp 360w, https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2022\/05\/blockchain-app-development-company-750x375.webp 750w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><\/a><\/figcaption>&#13;\n<\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Blockchain_app_development_platforms\"><\/span>Blockchain app development platforms<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Over 25 platforms build blockchain solutions. We&#x2019;ll discuss the top 5 platforms among them below:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>EOS<\/li>\n<\/ol>\n\n\n\n<p>The platform offers decentralized application hosting, smart contract capability, and decentralized storage of enterprise solutions.&#xA0;<\/p>\n\n\n\n<p>The features solve scalability issues and eliminate the fees borne by the user.&#xA0; &#xA0;<\/p>\n\n\n\n<p>2. Multichain<\/p>\n\n\n\n<p>Creates and deploys private blockchain solutions for use between and within multiple companies.<\/p>\n\n\n\n<p>3.Ethereum<\/p>\n\n\n\n<p>An open-source public platform and operating system that helps in ICOs and blockchain dApp development with smart contract functions.&#xA0;<\/p>\n\n\n\n<p>The platform is adaptable; thereby making it a favorite for blockchain app development companies for developing a blockchain app.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<\/p>\n\n\n\n<p>4.Hyperledger<\/p>\n\n\n\n<p>An open-source platform that creates advanced blockchain software development solutions.&#xA0;<\/p>\n\n\n\n<p>Examples include creating blockchain apps for supply chain management and developing blockchain solutions for IoT.&#xA0;&#xA0;<\/p>\n\n\n\n<p>5. IOTA<\/p>\n\n\n\n<p>An open-source DLT-based solution that offers secure and fast payment services between connected IoT devices.&#xA0;<\/p>\n\n\n\n<p>The platform uses Directed Acrylic Graph (DAG) technology to offer characteristics including faster confirmation times, free transactions irrespective of the transaction size, and unlimited transaction handling at the same time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Factors_to_consider_for_blockchain_mobile_app_development\"><\/span>Factors to consider for blockchain mobile app development&#xA0;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Choose whether you need a smart contract.&#xA0;<\/li>\n\n\n\n<li>Finalize the consensus protocol such as Proof of Elapsed Time, Proof of Work, and Proof of Burn.<\/li>\n\n\n\n<li>Choose between public and private networks.&#xA0;<\/li>\n\n\n\n<li>Check the Adoption Rate and community support level of the blockchain.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Blockchain_app_development_guide_%E2%80%94_the_technology_is_here_to_stay\"><\/span>Blockchain app development guide &#x2014; the technology is here to stay<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The global blockchain market will generate <a href=\"https:\/\/techjury.net\/blog\/blockchain-statistics\/#gref\">$20 billion<\/a> in revenue by 2024. Thus, having a strong grasp of the technology is essential.&#xA0;<\/p>\n\n\n\n<p>We hope this <strong>blockchain app development guide<\/strong> has offered you a framework upon which you can build your app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#xA0; The importance of Blockchain, through the lens of data: We know what you&#x2019;re thinking, &#x201C;Let&#x2019;s delve into blockchain mobile app development.&#x201D; However, read this article before you do.&#xA0; In&#x2026;\n<\/p>","protected":false},"author":1,"featured_media":5960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"ub_ctt_via":"","footnotes":""},"categories":[476],"tags":[293,288,291,292,290,172],"class_list":{"0":"post-2810","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain","8":"tag-blockchain-app-development","9":"tag-blockchain-app-development-guide","10":"tag-blockchain-app-development-platform","11":"tag-blockchain-apps","12":"tag-blockchain-mobile-app-development","13":"tag-blockchain-solutions"},"aioseo_notices":[],"featured_image_src":"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2022\/05\/guide-to-blockchian-development.jpg","author_info":{"display_name":"Anand Mahajan","author_link":"https:\/\/www.sphinx-solution.com\/blog\/author\/sphinxuser\/"},"_links":{"self":[{"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/posts\/2810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/comments?post=2810"}],"version-history":[{"count":13,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/posts\/2810\/revisions"}],"predecessor-version":[{"id":21310,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/posts\/2810\/revisions\/21310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/media\/5960"}],"wp:attachment":[{"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/media?parent=2810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/categories?post=2810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/tags?post=2810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}