CanonChain

by CANONCHAIN.COM Inc.

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Harmony

by Harmony

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Penta

by Penta Global Foundation PTE.LTD

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CanonChain

by CANONCHAIN.COM Inc.

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Harmony

by Harmony

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Penta

by Penta Global Foundation PTE.LTD

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What problem does this service solve?

CannonChain's consensus mechanism encourages contributing network resources on smaller scales.Harmony's goal is to create a consensus mechanism that will scale for larger networks.Penta does not appear to solve any problems better than existing blockchain platforms.

Token Stats

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.

Harmony is developing an open consensus blockchain platform. Harmony's sharding-based consensus mechanism is designed to scale as the number of nodes increases in the network. Harmony aims to tackle issues related to scalability by optimizing across multiple layers in a way that will enable parallel transaction processing with reduced latency. Harmony is currently powered by the ONE token, which is built on the Binance blockchain.

Penta is developing a blockchain platform that DApps can be built on. It will have a Dynamic Stake Consensus (DSC) algorithm to confirm transactions. The Penta network is currently powered by the Ethereum-based PNT token.

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