Algorand

by Algorand

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IPFS

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Mainframe

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Algorand

by Algorand

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IPFS

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Mainframe

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What problem does this service solve?

Algorand's goal is to create a blockchain with faster transaction times and a more inclusive staking mechanism to achieve consensus.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.Mainframe's decentralized communication protocol aims to make it easier to create DApps that prioritize privacy.

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Company Description

Algorand is a Boston based company that is developing a blockchain network with a Pure Proof of Stake (PPoS) consensus mechanism. Algorand's decentralized platform is designed to enable faster transaction times and remove some of the technical barriers of creating scalable DApps. Algorand was founded by Silvio Micali, a pioneer in the field of cryptography.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

Mainframe is creating a blockchain development platform for decentralized applications. Their marketing materials place a strong emphasis on encryption, privacy, and interoperability. Onyx, a decentralized workplace messaging tool, is the first application to be built on the Mainframe network.
Mainframe is powered by the MFT token.

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