Ultrain vs Enigma vs Internet Computer ICP
What problem does this service solve?
Ultrain's goal is to create a better decentralized cloud computing platform. | Enigma's goal is to bring more privacy to blockchains. Enigma's protocol uses private smart contracts to perform computations on encrypted data. | The Internet Computer is designed to extend the existing capabilities of the internet, so that it can also be used as a global computing platform that can replace the private infrastructure that is currently used by internet systems and services. |
Token Stats
Company Description
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. | Enigma aims to bring greater utility to blockchain by increasing privacy. The Enigma protocol introduces private smart contracts called "secret contracts", that enable computations on encrypted data, and use the blockchain infrastructure for payment distribution and other functions. Enigma is taking on one of the central problems facing blockchain, maintaining data privacy while meeting the rapidly growing scaling requirements of decentralized networks. Enigma tries to solve this problem by introducing a second layer network for computations. By using secret contracts that allow nodes to process data, sensitive proprietary data can be protected, while maintaining the other benefits of storing data on a blockchain. | The Internet Computer ICP coin is the cryptocurrency that powers the decentralized computing platform created by DFINITY. The network aims to be the world’s first blockchain computing network that runs at the same speed as the internet. The Internet Computer ICP protocol is designed to enable smart contract execution, data storage, and computation on a large scale. The project's software frameworks give developers a revolutionary new way to build tokenized internet services. |