Bytom vs Veritaseum vs Tendermint
What problem does this service solve?
Bytom aims to create a secondary market for physical assets registered to their blockchain | Veritaseum provides blockchain-based software solutions for financial clients. Their network makes it easier for clients to create their own sub-tokens and decentralized applications to interact with capital markets. | The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem. |
Token Stats
Not Relevant |
Company Description
Bytom is a Chinese company that is developing a blockchain platform that is specifically designed to register securities and physical assets to the Bytom blockchain. Bytom aims to create a secondary markets for these blockchain registered assets and will allow them to be tokenized. | Veritaseum develops blockchain-based software solutions for capital markets. Their goal is to decentralize access to these markets, with both centralized and decentralized solutions, for a range of financial institutions. The company assists their clients in building bespoke decentralized applications. Veritaseum's software solutions are built upon their platform, which allows for the creation of Veritas sub-tokens that serve the specific needs of the client. | Tendermint is a consensus algorithm that was created by a company called All in Bits. The open source algorithm is Byzantine Fault-Tolerant and uses an authenticated encryption system to secure transactions. The Tendermint consensus mechanism was developed in 2014 for the Cosmos Network. The Interchain Foundation, which is developing the Cosmos Network, continues to employ All in Bits to support Cosmos. |