Avalanche Token vs Bytom vs Kadena
What problem does this service solve?
Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times. | Bytom aims to create a secondary market for physical assets registered to their blockchain | Kadena is a software development company working to encourage business adoption of blockchain. They create custom-built solutions for their clients that use both private and public blockchains. |
Token Stats
Not Relevant |
Company Description
The Avalanche token (AVAX) performs various tasks within Avalanche's Proof of Stake blockchain network. The Avalanche token functions as a rewards and payment system for users. The network is designed to be an open-source platform for launching highly decentralized applications, enterprise deployments, and decentralized financial instruments. The Avalanche ecosystem is meant to be smore scalable and interoperable than other blockchain platforms. Unlike Bitcoin and many other networks, transaction fees are “burnt” in order to increase token scarcity. This process is offset by the release, or “minting,” of new coins. | Bytom is a Chinese company that is developing a blockchain platform that is specifically designed to register securities and physical assets to the Bytom blockchain. Bytom aims to create a secondary markets for these blockchain registered assets and will allow them to be tokenized. | Kadena is a software development company that builds blockchain-based platforms for a range of businesses. They develop purpose-built blockchain solutions for their clients by using proprietary solutions that are aimed at being both secure and scalable. Kadena offers both private and public blockchain platforms, with smart contracts written in the Pact programming language. They've also developed an innovative proof-of-work architecture called ChainWeb that could have a variety of applications. |