Avalanche Token vs Chromia vs GoWithMi
What problem does this service solve?
Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times. | Chromia's relational blockchain structure will allow developers to create DApps with data that can be better indexed and queried, and more easily manipulated. | GoWithMi's goal is to create a more private and efficient geolocation service. |
Token Stats
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. | Chromia is a relational blockchain platform that is designed to be both a blockchain and a relational database. Chromia was created by a Swedish development company called ChromaWay, with the intention of combining the advantages of a blockchain's transparency with the benefits of a relational database system, such as data independence and reduced redundancy. | GoWithMi is developing a decentralized location-based services (DLBS) infrastructure. GoWithMi aims to create a comprehensive geolocation network that will provide incentives for users to contribute location data, and will support cross-chain communication. The network is powered by the Ethereum-based GMAT token. |