Avalanche Token vs QuarkChain 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. | QuarkChain hopes to create a more scalable blockchain platform that will have faster transaction times. | 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. | QuarkChain is building a blockchain with a focus on speed and scalability. They hope to significantly improve transaction times and reduce fees with an architecture that will rely on a two-layered blockchain and elastic sharding. QuarkChain uses a hybrid Proof-of-Work (PoW) consensus mechanism that is ASIC-resistant. Transactions are first confirmed on one blockchain layer, and then on the second. The network will be powered by the QKC coin. | 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. |