CanonChain

by CANONCHAIN.COM Inc.

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NEAR Protocol

by NEAR

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Algorand

by Algorand

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CanonChain

by CANONCHAIN.COM Inc.

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NEAR Protocol

by NEAR

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Algorand

by Algorand

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What problem does this service solve?

CannonChain's consensus mechanism encourages contributing network resources on smaller scales.NEAR's goal is to serve as an open source platform that will accelerate the development of decentralized applicationsAlgorand's goal is to create a blockchain with faster transaction times and a more inclusive staking mechanism to achieve consensus.

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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.

NEAR Protocol is a decentralized application platform designed to make DApps operable on the web. The NEAR network uses a Proof of Stake consensus mechanism called Nightshade. The NEAR utility token is used for processing transactions and storing data, as well as for facilitating voting for governance issues.
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Algorand is a Boston based company that is developing a blockchain network with a Pure Proof of Stake (PPoS) consensus mechanism. Algorand's decentralized platform is designed to enable faster transaction times and remove some of the technical barriers of creating scalable DApps. Algorand was founded by Silvio Micali, a pioneer in the field of cryptography.

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