Exploring Blockchain Frameworks and Their Comprehensive Analysis Based on Key Metrics

Abstract

Blockchain technology has rapidly expanded in recent years, impacting ICT and cryptocurrencies. It offers complete security for transactions, recording each transaction in a block that serves as a record sheet. Blockchain has changed how we interact with the internet, reducing transaction costs, eliminating middlemen, and increasing immutability and transparency. The community of blockchain technologies is multifaceted, with distinct frameworks meeting different users' needs and use cases. This study presents an in-depth comparison of blockchain frameworks, including Ethereum, Quorum, Corda, Ripple and Hyperledger Fabric to help developers and organizations in selecting the most preferable platform for their unique use cases. The study evaluates the blockchain frameworks on the basis of performance analysis metrics such as consensus techniques, throughput, latency, and transaction per second with Hyperledger Fabric being the most suitable choice for achieving throughput and scalability.