Step 1: Choose the right use-case
Before beginning the blockchain development, select the appropriate use case. It is the most important and primary one. This is different for each industry and company.
Step 2: Research to choose the best Consensus Mechanism and Algorithm
Next, you have to select the Consensus Mechanism and Algorithm. Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof of Stake (DPoS), Proof of Activity (PoA), and many other consensus mechanisms are available online. The consensus mechanisms are most important for the robust hardware, which provides the high power needed to run functions. It would be based on the business requirements and needs.
Step 3: Identify the correct platform
You can easily create a blockchain platform from an existing blockchain platform like Ethereum, EOS, etc., or you can build your own blockchain. There are many ways available to create your blockchain platform now, depending on your business needs. It will take a long time and cost depending on the needs to create a new blockchain.
Do You Want To Create Your own Blockchain ?
Step 4: Designing the node
After selecting the blockchain, design the nodes for the blockchain. There are two types of networks available such as permission networks and permissionless networks. You have to select the network after designing the nodes.
Step 5: Designing the blockchain instance
There are many blockchain elements in the network, such as permissions. key management, native assets, asset issuance, asset re-issuance, parameters, and many more. This is a critical step in selecting a blockchain instance.
Step 6: Building the Application Programming Interface
After creating a blockchain instance, in this step you manage the APIs. API will perform functions such as audit, address, key pairs, data storage, digital signatures, smart contracts, and so on.
Step 7: Design the user interface and admin
In this stage, the frontend and backend processes to create the blockchain with the users' desired needs and design the admin and user interfaces for users are completed. Users can use front-end programming languages such as PHP, Javascript, C+, CSS, and many others. Finally, in this step, the user will get their own blockchain.
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