CanonChain

by CANONCHAIN.COM Inc.

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Nxt

by Ardor Nxt Group

3.5/5

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QuarkChain

by QuarkChain

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CanonChain

by CANONCHAIN.COM Inc.

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Nxt

by Ardor Nxt Group

3.5/5

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QuarkChain

by QuarkChain

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What problem does this service solve?

CannonChain's consensus mechanism encourages contributing network resources on smaller scales.Nxt provides users a modular toolset for DApp development.QuarkChain hopes to create a more scalable blockchain platform that will have faster transaction times.

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.

Nxt is a blockchain platform developed by Jelurida, which is also developing the Ardor blockchain. Nxt's goal is to improve upon existing blockchain platforms with a modular toolset that enables users to create their own digital assets that can be listed on decentralized marketplaces. Nxt also features community driven voting mechanisms and has an architecture that separates the blockchain into parent and child blockchains.
The network is powered by the NXT token and has a Proof-of-Stake (PoS) consensus mechanism.

QuarkChain is building a blockchain with a focus on speed and scalability. They hope to significantly improve transaction times and reduce fees with an architecture that will rely on a two-layered blockchain and elastic sharding. QuarkChain uses a hybrid Proof-of-Work (PoW) consensus mechanism that is ASIC-resistant. Transactions are first confirmed on one blockchain layer, and then on the second. The network will be powered by the QKC coin.

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