CanonChain

by CANONCHAIN.COM Inc.

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Tendermint

by Interchain Foundation

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Parity Technologies

by Parity Technologies

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CanonChain

by CANONCHAIN.COM Inc.

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Tendermint

by Interchain Foundation

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Parity Technologies

by Parity Technologies

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What problem does this service solve?

CannonChain's consensus mechanism encourages contributing network resources on smaller scales.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.Parity's software makes it easier for organizations, end-users, and developers to use blockchain.

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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.

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.

Parity Technologies is an influential blockchain development company that offers a variety of open-source software solutions for creating and using decentralized technologies. Some of their solutions include Ethereum and Bitcoin clients, cross-chain technologies, smart contracts, testnets, and cryptocurrency wallets. The company was created by Gavin Wood, the co-founder of Ethereum.

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