Avalanche Token vs Scatter vs Ternio
What problem does this service solve?
Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times. | Scatter allows users to interact with EOS-based web DApps. | Ternio aims to build a single blockchain frame-work that will be capable of meeting the needs of multiple industries. |
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. | Scatter is a browser extension for the EOS blockchain that enables users to sign transactions on the EOS blockchain. Users are able to sign transactions with their private keys from web applications without having to expose their personal information. The founders of Scatter are also developing the Reputation and Identity Layer (RIDL), which will provide a reputation system that will add trust and transparency to the DApp ecosystem. | Ternio is developing a scalable blockchain framework called Lexicon. It was originally a fork of Hyperledger Fabric, and is designed to handle the high transactions rates that enterprise business clients need. Ternio's framework uses its Lexicon Blockchain as a data protocol, and the Stellar Blockchain as a payment protocol. Ternio will have a Byzantine Fault Tolerance (BFT) consensus mechanism. Ternio's marketing materials mention the benefits that their high performance, Lexicon blockchain can have in programmatic digital advertising, as well as a variety of other industries. Ternio also created the BlockCard; a crypto debit card that enables users to spend their cryptocurrency. Their network is currently powered by the Stellar-based TERN token. |