Polkadot Blockchain

by Web3 Foundation

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Ontology

by OnChain

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Arcblock

by Arcblock

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Polkadot Blockchain

by Web3 Foundation

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Ontology

by OnChain

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Arcblock

by Arcblock

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What problem does this service solve?

Polkadot aims to improve interoperability and overall performance for DApps running across multiple networks.Ontology wants to establish the connecting infrastructure for a trust ecosystem and to assist businesses to integrate blockchain technology.Arcblock aims to simplify the development of decentralized applications and allow DApps to change blockchain protocols.

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Company Description

The Polkadot blockchain is a multi-chain blockchain that is designed to bundle multiple chains together so that they can be executed in parallel. The goal is for every block on the Polkadot blockchain to contain multiple blocks from other chains. This will enable the network to contain the transaction information from multiple chains and dramatically increase the overall interoperability between different blockchain networks. Polkadot was created by the Web3 Foundation, which is led by Gavin Wood, one of the founders of Ethereum. Polkadot is their flagship project, and aims to solve the issues in the blockchain ecosystem related to disjointed governance and interoperability.

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.

ArcBlock is creating a blockchain ecosystem for building decentralized applications. Their goal is to provide consumers with the framework and tools to use decentralized apps as easily as current web-based versions. ArcBlock was founded by Robert Mao and Flavien Charlton, who also created Colored Coins, Open Assets Protocol and Openchain.
ArcBlock's Open Chain Access Protocol gives developers an abstract layer for using underlying blockchains. It has a serverless computing architecture that supports various types of applications. ArcBlock is based on the Blocknet application protocol that executes smart contracts and can access external data sources. Blocknet's design and open chain access protocol provide a layer for accessing multiple blockchains.

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