What problem does this service solve?

Apollo aims to integrate a variety of decentralized services in one comprehensive blockchain-based platform.

EOS.io is a decentralized platform designed to allow build DApps easily, without servers. It is meant to be more scalable than other blockchain platforms and it can support more transactions per second, with far lower transaction fees. It was created by Dan Larimer, who is an extremely talented and influential developer that was also involved with BitShares and Steemit.

Ripple is an exchange and remittance network that aims to to allow fast financial transactions between banks, at minimal cost. Its protocol is built upon an open source distributed consensus ledger. XRP is the native currency that acts as a bridge currency between financial institutions to settle payments.

Token Stats

Company Description

Apollo is developing an all-in-one cryptocurrency platform, based on the APL coin. Apollo was created as a fork of NXT, and has a very ambitious plan to integrate a variety of services under one platform, with a strong focus on privacy. Apollo's blockchain is called Hermes and has a Proof-of-Stake consensus mechanism. Some of the features that Apollo's marketing materials claim they are working on are: private transactions with IP masking, smart contracts, encrypted messaging, file sharing, a decentralized marketplace, voting system for governance, decentralized data storage, and a wallet with a built in exchange. John McAfee, a notable blockchain enthusiast and antivirus pioneer, joined the project in October 2018.

EOS is a blockchain development platform created by Block.one. Its goal is to become an all purpose operating system for blokchain applications. EOS allows developers to make underlying blockchains and create decentralized application more easily. It was designed from the ground up, to be more scalable and faster than other blockchain platforms. This allows for greater throughput, with more transactions per second, and much lower transaction fees. EOS tokens serve as the native currency. The network has a Delegated Proof-of-Stake (dPoS) consensus mechanism. Transactions are verified by 21 block producers that are chosen through a voting process that is designed to encourage community participation.

Ripple is a real-time settlement and remittance network that is designed for the banking industry. Its settlement infrastructure technology has been adopted by a growing list of financial institutions looking to leverage the benefits of distributed ledgers. Ripple's real-time settlement network connects banks and enables cross border settlements and transactions in real-time. The current settlement infrastructure requires many intermediaries, and performing transactions take time and cost money. Ripple provides the underlying infrastructure for banks, and enables these transactions to be executed directly at almost no cost.

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Apollo vs EOS vs Ripple

Apollo

EOS

Ripple