Avalanche Token vs Harmony vs BlockMason
What problem does this service solve?
Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times. | Harmony's goal is to create a consensus mechanism that will scale for larger networks. | BlockMason gives developers easy to use and standardized smart contracts for developing credit/debit related DApps. |
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. | Harmony is developing an open consensus blockchain platform. Harmony's sharding-based consensus mechanism is designed to scale as the number of nodes increases in the network. Harmony aims to tackle issues related to scalability by optimizing across multiple layers in a way that will enable parallel transaction processing with reduced latency. Harmony is currently powered by the ONE token, which is built on the Binance blockchain. | BlockMason is a technology company that provides users with a blockchain base-layer for creating DApps. The Blockmason Credit Protocol provides a standardized smart contract platform for recording credit and debt obligations on the blockchain. Their network is powered by the Ethereum-based BCPT token. BlockMason also created Lndr, which is a peer-to-peer bill-splitting and expense-sharing App that is available on iOS and Android. |