Avalanche Token

by Ava Labs

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‍Flow Blockchain

by Dapper Labs

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Ignis

by Jelurida

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Avalanche Token

by Ava Labs

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‍Flow Blockchain

by Dapper Labs

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Ignis

by Jelurida

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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.Flow's goal is to create a DApp development platform that is easier to use for both developers and users.Ignis allows users to create DApps on the Nxt blockchain. It's vision and benefits are somewhat unclear.

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.

T‍he Flow Blockchain aims to be a developer-friendly blockchain for a new generation of DApps and digital assets that power them. Flow Blockchain is based on a unique, multi-role architecture, and is designed to scale without sharding, so that it can accommodate consumer applications with more users. The project was created by Dapper Labs, which previously created Crypto Kitties, one of the most popular blockchain collectible projects. Flow is now being used by NBA Top Shot, an officially licensed NBA platform for player related, blockchan-based collectibles. The founders: Roham Gharegozlou, Dieter Shirley, and Mikhael Naayem launched Flow with the goal of simplifying the DApp development experience.
Flow uses a Proof of Stake consensus mechanism. Flow coins are intended to be used as payment for validation services, data and computation, governance, as well as for collateral for secondary tokens that may be created on the platform in the future.

Ignis is a blockchain platform that is being developed by Jeluirda; the company behind Ardor and Nxt. Ignis is a child chain of the Nxt blockchain. Jelurida is developing blockchain platforms that will enable users to develop decentralized applications, and will be based on a parent and child chain architecture.
Ignis allows users to create child chains with specific features and to create tokens that meet their needs. This project is closely related to Ardor and Nxt.

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