Avalanche Token

by Ava Labs

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NEO

by NEO

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Holo

by Holochain

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Avalanche Token

by Ava Labs

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NEO

by NEO

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Holo

by Holochain

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What problem does this service solve?

Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times.NEO allows developers to create digital assets that can be managed with smart contracts.Holo wants to offer a decentralized hosting solution for 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.
Avalanche was launched by Ava Labs, whose founder Emin Gün Sirer is a veteran computer scientist that has been very influential in the Blockchain space. Gün Sirer is a computer science professor at Cornell University and has written extensively about scaling blockchain networks.

NEO, formerly known as AntShares, is one of the leading smart contract enabled blockchain platforms that allows for the development of digital assets. Similar to Ethereum, NEO uses two different tokens: NEO and GAS, each of which have a specific purpose on the network. NEO tokens give holders a share in the ownership of the NEO blockchain, and when they are held in a compatible wallet, they are rewarded with GAS tokens. NEO has a Delegated Byzantine Fault Tolerance (dBFT) consensus algorithm that has uses some features of PoS, and is designed to be more scalable than other consensus mechanisms.

Holo is a decentralized hosting provider that is built on top of Holochain. DApps can be set up and deployed with Holo hosting, as a decentralized alternative to Amazon Web Services, or other centralized hosting solutions.
Holochain is a protocol for creating decentralized Apps and is different from blockchain protocols in several ways. The main difference being that Holochain takes an agent-centric approach to their consensus mechanism, and has a different approach to validating value transfers.
The HOT token is used for paying for hosting services on Holo, and users can be paid for offering their computing resources.

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