Factom vs Scroll vs Lambda
What problem does this service solve?
Factom provides organizations with enhanced blokchain data storage. Their decentralized platform allows users to store more data and to audit it in real time. | The Scroll Network is an Enterprise compatible blockchain MainNet that allows for an alternative to centralized server data storage. It uses a distributed system of nodes confined by IoT devices to provide greater control of data. | Lambda's goal is to create a cross-chain data management infrastructure for DApps. |
Token Stats
Company Description
Factom is a decentralized data storage platform that augments the storage and auditing capabilities of the Bitcoin blockchain. Factom provides an an additional data layer that allows users to store and audit data more efficiently and to overcome the storage limitations caused by small block sizes. It also allows organizations to leverage the benefits of blockchain, while providing a mechanism for auditing and ensuring relevant compliance. Factom offers an API that can be used to develop decentralized projects, and is designed to assist government agencies, businesses, and non-profits. The blockchain has a hybrid consensus mechanism, with elements of Proof-of-Existence (PoE), Proof-of-Process (PoP), and Proof-of-Audit (PoA). | The Scroll Network is a blockchain-based data storage and management platform built on Ethereum. Scroll uses their semi-private blockchain network to address the growing complexities and inefficiencies of current big data systems. The Scroll Network's algorithm adjusts the number of nodes available to host incoming network traffic, depending on demand. All data is encrypted, and there are a variety of permission and monitoring features to further ensure privacy. | The Lambda blockchain infrastructure will enable scalable data storage for DApps. Lambda Chain will also enable cross-chain data management. The network is currently powered by the Ethereum-based LAMB token. |