Components of the blockchain ecosystem

Lucian Gruia portrait
Lucian Gruia
Tech Lead
21 Feb 2022
Technology topics

Like any other software platform, blockchain has an ecosystem where components are dependent on each other.

Blockchain ecosystem
  • Projects — The Blockchain ecosystem is currently running with some major projects and more are in the pipeline. Bitcoin, Neo, Stellar are some popular names.
  • Users — Blockchain users are ordinary people, who make use of the blockchain or cryptocurrency to achieve some results.
  • Exchanges — Every Blockchain project has a robust ecosystem working under it, that includes a decentralised exchange. Exchanges are developed by the Blockchain team or the community of other developers.
  • Miners — Blockchain requires a large network of independent nodes around the world to maintain it continuously. In private blockchains, a central organisation has authority over every node on the network. In public blockchains, anyone can set up their computer to act as a node and these computers are called miners.
  • Developers — Currently there are two types of developers in the blockchain ecosystem: blockchain developers and dApps developers
  • Applications — Industries, developers and communities build blockchain applications to serve a specific purpose. They are called dApps and are the foundation of Web3.0

Architectural view

These are the most common layers available with every platform.

  • App layer — most commonly contains legacy and enterprise apps.
  • Integration platform — layers with different kinds of protocols, like REST, governance and API management.
  • Blockchain access layer — features to fetch and write data to the blockchain
  • Analytics — reporting, dashboard or analytics-based system
Blockachain ecosystem

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