Seele vs pTokens vs Kusama Coin
What problem does this service solve?
Seele wants to create a blockchain ecosystem comprised of subnets that operate independently, but will have cross-chain capabilities. | pTokens aims to increase liquidity for cryptocurrencies, as well as cross-chain interoperability. | Kusama allows developers to build and deploy test versions of cross-chain projects that will later be built on the Polkadot blockchain. |
Token Stats
Company Description
Seele is developing a blockchain ecosystem that will consist of subnets optimized for different use cases. Seele's Forest Network will have subnets that will operate independently and can interact with each other through cross-chain and cross-domain protocols. Seele has a neural consensus algorithm that was inspired by the inner workings of the human brain. It asynchronously processes and sorts data in a large-scale decentralized environment, using ε-differential agreements to allow all nodes within a network to reach consensus. Compared to existing consensus algorithms, it ensures greater fault-tolerance and is significantly more efficient. Its performance also scales linearly as network size increases, allowing it to be widely adaptable to many different use cases. | pTokens are digital assets that are transparently pegged to another underlying asset. pTokens serve as a Cross-Chain token wrapper that allows users to more easily transfer value between different blockchains. Users can deposit a certain amount of the underlying asset (such as BTC or EOS) and request the equivalent pTokens that are pegged to them 1:1, such as pBTC or pEOS. Token holders can then take advantage of the Ethereum network by more easily exchanging them into ERC-20 tokens. | Kusama coin is the native coin of the Kusama blockchain, which is intended to serve as an unaudited and unrefined release of Polkadot. Kusama will serve as a trail version for Polkdadot, and will allow developers to build and deploy a parachain or try out Polkadot’s governance, staking, nomination and validation functionality in a real environment. |