CanonChain

by CANONCHAIN.COM Inc.

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Penta

by Penta Global Foundation PTE.LTD

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BitNew Chain

by BTN Foundation

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CanonChain

by CANONCHAIN.COM Inc.

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Penta

by Penta Global Foundation PTE.LTD

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BitNew Chain

by BTN Foundation

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What problem does this service solve?

CannonChain's consensus mechanism encourages contributing network resources on smaller scales.Penta does not appear to solve any problems better than existing blockchain platforms.BitNew Chain aims to make it easier to develop large scale DApps that can be used with a variety of hardware. They also claim that it will enable cross-chain communication and token exchanges.

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.

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.

BitNew Chain is building a development platform for commercial DApps. BitNew Chain aims to make it easier to develop large scale DApps that can be used with hardware. It will be based on a two-tier decentralized blockchain network with standard physical masternodes, resource segregation, a decentralized computing subsystem(BTN-DC), and decentralized storage subsystem(BTN-FS). Consensus will be achieved through a hybrid mining process that will combine Proof-of-Stake (PoS) with Proof of Masternode. The network is powered by the BTN coin.

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