CanonChain

by CANONCHAIN.COM Inc.

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GoChain

by GoChain

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Tendermint

by Interchain Foundation

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CanonChain

by CANONCHAIN.COM Inc.

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GoChain

by GoChain

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Tendermint

by Interchain Foundation

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What problem does this service solve?

CannonChain's consensus mechanism encourages contributing network resources on smaller scales.GoChain's hopes to create a blockchain platform that will have faster transaction time and volumes, and also improve energy efficiency.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.

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Company Description

CanonChain is developing an underlying blockchain protocol based on Fog networking and a Proof-of-Participation (PoP) consensus mechanism. Their network is designed to provide incentives for contributing computing resources on fragmented networks, and is powered by the Ethereum-based CZR token, known as Xuanchi.

GoChain is building a blockchain focused on speed and scalability. GoChain's protocol uses a Proof-of-Reputation (PoR) consensus mechanism and will be powered by the GO coin. They hope to significantly improve transaction times and reduce fee with an architecture that will rely on nodes managed by large enterprises. Their marketing materials places a strong emphasis on energy efficiency and reducing the monopolizing influence of large mining operations that have reduced the decentralization of other networks.

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.

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