Developing a secure Blockchain platform for applications and users is complex as it involves numerous stages. However, there are several technologies in the Blockchain space that make the development process easier by advancing cryptography and distributed network communication. One such solution is the Substrate Blockchain development, which is considered an ideal tool to develop a custom Blockchain optimized for specific use cases and address the challenges associated with it.
Substrate eliminates the complexities involved in the Blockchain development process. If a developer is looking for a solution to build a Blockchain that is customizable and interoperable at the same time, Substrate is the right choice. In this blog, we will discuss in-depth the Substrate framework use cases, features, advantages, and more.
Before we delve into the Substrate framework use cases, let’s understand what Substrate is. Substrate is an open-source Blockchain framework that provides a modular and extensible foundation for developers to build their Blockchain instead of developing it from scratch. Substrate Blockchain framework can be considered as an SDK or Software Development Kit that provides developers with all necessary tools and fundamental functionalities such as consensus mechanisms, token standards & governance models that developers can leverage as building blocks and customize as per their specific project needs. It provides a safer, cheaper, easier, and faster way to build Blockchain.
The following are the features of the Substrate Blockchain framework that have gained the attention of developers worldwide-
The modular architecture of the Substrate Blockchain framework provides the ease to developers to easily integrate components as per their project requirements.
Substrate-based Blockchain is interoperable. They facilitate a seamless interaction with different Blockchain and build a connected ecosystem of decentralized applications.
The Substrate Blockchain framework comes with inherent features that eliminate vulnerabilities and safeguard the Blockchain against malicious attacks or potential threats.
A thriving community of developers and projects around Substrate provides access to valuable resources, knowledge sharing, & collaborative opportunities.
The Substrate Blockchain framework also provides complete ease to developers to build tailor-made Blockchains, defining token standards, consensus mechanisms, governance models, and more.
The Substrate Blockchain framework is designed to be upgradable, adaptable, and composable. It allows smooth transitions and improvements over time.
Following are the most prominent Substrate Blockchain use cases you should know-
The Substrate Blockchain framework can be used to develop custom Blockchains as it doesn’t require any external technology to function, making it the fastest option to launch a Blockchain with minimal effort. This Blockchain framework also eliminates the developer’s concerns related to fundamental components such as the data layer, consensus, transaction queue, networking layer, and more. Blockchain built on Substrate is also upgradeable and future-proof. The pallet can be used to upgrade the Blockchain project to suit your requirements.
A usual Blockchain might restrict the developer in terms of customizability. However, Substrate is flexible. It offers the ease of choosing between technical freedom and ease of development at several stages of the Blockchain development process. Developers can use custom blocks or develop one from scratch. Smart contracts in Ethereum cannot be changed once deployed, however, Substrate gives a complete freedom to modify smart contracts using an on-chain upgrade mechanism.
Another Substrate framework use case involves the development of parachains. The role of parachains in the Polkadot ecosystem is important as it runs parallel to the relay chain and leverages its benefits, such as shared security, payment settlement, and more. Parachains are designed to enable faster transactions at a low cost while maintaining the security and privacy of the user data. Although parachain can be built using other tools and software, Substrate Blockchain development simplifies the process.
Reasons why Substrate stands out as a superior choice for developing parachains-
Pallets are domain-specific runtime modules and a piece of logic that states the capabilities of your Blockchain. One can find several pre-built pallets available on the Substrate developer site. If it doesn’t fit your requirements, you can also design a custom pallet for a Substrate runtime. The Substrate node template runtime is FRAME-based. FRAME is a library of code that eases the Substrate runtime development by building modules or pallets. With the Substrate Blockchain framework, you can create an application-specific pallet that can determine the functionality of your application or Blockchain.
The relay chain is the center chain of the Polkadot network that is responsible for the network’s consensus, security, and cross-chain interoperability. Relay chains are developed using the Substrate Blockchain framework. Substrate allows developers to start their own Polkadot-like relay chain. Substrate tutorials offer numerous templates that anyone can access. However, these templates may not be flexible for your project. If so, you can develop a new one or reach out to a leading Substrate Blockchain development company for better support.
Building cross-chain bridges is one of the significant Substrate framework use cases. Cross-chain bridges are a set of properly designed code, including smart contracts that ensures the two chains can work together no matter if they have different protocols, governance structure, laws, etc. When a user wants to transfer a token or other digital assets, smart contracts, events, or data between various Blockchain, they need to employ cross-chain bridges.
With the Substrate Blockchain framework, users can develop a cross-chain bridge to connect Blockchain applications to any Blockchain network, including the Polkadot network to take advantage of relay chain and parachain benefits. Substrate Blockchain development makes the network interoperable, enabling users to transfer assets, data, and more between clients which in turn increases the value of your asset.
The Substrate Blockchain framework simplifies Blockchain development, eliminating complexity to a great extent. It provides a modular architecture, security features, and interoperability that enables developers to create highly customized Blockchain networks. Developers, businesses, and organizations worldwide strive to harness the power of Substrate for their Blockchain projects. Reaching out to an experienced and reputed company for Substrate Blockchain development is a wise approach to achieving success in the Blockchain project.
Antier is a leading Substrate Blockchain development company that specializes in building Blockchain solutions using Substrate. We offer a comprehensive suite of services, including Cross-Chain Bridge, Sidechain Integration, Relay Chain Development, Smart Contract Development, Parachain Development, and Pallets Development. Connect with our Substrate developers and share your project requirements today!
