Ontology

by OnChain

(0)
View Profile

AION

by Nuco Inc.

(0)
Visit Website

aelf

by aelf

4.5/5

(1)
View Profile

Ontology

by OnChain

(0)
View Profile

AION

by Nuco Inc.

(0)
Visit Website

aelf

by aelf

4.5/5

(1)
View Profile

What problem does this service solve?

Ontology wants to establish the connecting infrastructure for a trust ecosystem and to assist businesses to integrate blockchain technology.AION is building a cross-chain platform to connect other blockchain platforms.Aelf's goal is to be the “Linux system” on the blockchain. Users can create a customized blockchain operating system that can interact across other blockchains.

Token Stats

Company Description

Ontology is a network designed to be operated across multiple blockchains. Its main focus revolves around trust issues, and it provides identity verification and reputation management capabilities. Ontology's goal is to be a platform for decentralized trust systems in businesses. Their distributed network is set up to facilitate cooperation between different projects in a trust ecosystem. Ontology's framework allows users to customize different public blockchains for different applications. Ontology has a two-token structure. ONT is the utility token of the network that can be used to generate Ontology Gas (ONG). Ontology has an innovative consensus mechanism called Verifiable Byzantine Fault Tolerance (VBFT). It combines elements of Proof-of-Stake (PoS), VRF (Verifiable Number Function), and Byzantine Fault Tolerance (BFT). The VBFT consensus mechanism will select nodes that meet certain conditions, and will verify transactions.

AION calls itself a 3rd generation blockchain network, and is primarily focused on connecting blockchain networks. AOIN aims to solve the interoperability issues facing the various blockchains, and be the connecting bridge between them. AION's cross-chain platform has different consensus mechanisms for interchain and on-chain transactions. The on-chain consensus mechanism combines BFT (Byzantine Fault Tolerance), dPoS (Delegated Proof-of-Stake) and a new neural network inspired verification algorithm known as Proof-of-Intelligence.
Interchain transactions are managed by bridges. The bridges has a consensus mechanism that is different from the main AION chain, and each bridge is secured by an individual consensus. The bridge validators will be rewarded by interchain transaction fees.

Aelf calls itself a decentralized self-evolving cloud computing network. It is a blockchain operating system that can be customized for development needs. AElf hopes to improve upon current blockchain platforms by emphasizing their unique governance system and sidechain architecture.
AElf's most important feature is its multilayer sidechains and mainchains that can be used for a variety of purposes. Each chain is dedicated to a single use case, and tasks can be distributed more efficiently across multiple chains.
AElf enables cross-chain exchanges of value and has a cross-chain messaging functionality that works with other blockchains, including Bitcoin and Ethereum. Aelf enables parallel processing of transactions that promises to improve performance.
AElf users can create private chains that operate in a similar way to the Amazon's cloud hosting service, allowing developers to utilize the private chain modules to maintain full ownership of their DApps on the Aelf computing network.
Aelf has a Delegated Proof-of-Stake consensus mechanism (dPoS). ELF token holders vote on the nodes that will become mining nodes. Those elected nodes then decide how mining incentives are distributed among stakeholders and other nodes. The number of miners on the network is equal to 2N plus 1, with N beginning at 8 and increasing by 1 every year. Miining nodes relay and confirm transactions, transfer data, and package blocks.
The ELF token is also used as a mechanism for the sidechains to be indexed on the mainchain. These indexing fees vary depending on how much the sidechains contribute to the overall ecosystem.

Ratings

(0)

(0)

4/5 (1)