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Blockstack is developing a decentralized computing platform that enables users to better control their data and identity. Blockstack's open-source software is designed to be a decentralized computing network for DApps. Applications built on Blockstack allow users to maintain direct ownership of their internet assets and ensure privacy for users. Blockstack Apps use private data lockers and blockchain-based security mechanisms to protect personal user data. The network uses an innovative consensus mechanism called Proof of Transfer, that rewards participants in a non-native currency for helping to secure the network.
| Ultrain is a Chinese company that is developing a blockchain platform focused on cloud computing solutions that will based on a consensus mechanism that they call random trusted consensus. Ultrain hopes to create value opportunities for DApp developers by increasing decentralization and making smart contracts easier to use. Their network is currently powered by the Ethereum-based UGAS token.
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