CanonChain

by CANONCHAIN.COM Inc.

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Wowbit

by Wowoo Pte. Ltd.

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TrueChain

by TrueChain

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CanonChain

by CANONCHAIN.COM Inc.

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Wowbit

by Wowoo Pte. Ltd.

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TrueChain

by TrueChain

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What problem does this service solve?

CannonChain's consensus mechanism encourages contributing network resources on smaller scales.Wowbit allows users to create smart contract enabled digital assets on the NEO blockchain.TrueChain wants to improve blockchain performance with a hybrid consensus model.

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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.

Wowbit, also known as Wowoo, is a NEO-based tokenization platform. Their smart contract enabled platform is based on their Smart Active Control (SAC) architecture, and is powered by the WWB token.

TrueChain is developing a secure and scalable blockchain platform with a strong developer community. TrueChain hopes to improve upon current platforms with a hybrid consensus protocol called Minerva. This hybrid model will combine a consensus mechanism based on Practical Byzantine Fault Tolerance (pBFT) with a FruitChain-based Proof-of-Work protocol. Fruitchain is designed to minimize the incentives of mining pools by decreasing the variance of mining rewards; making the network more decentralized.
TrueChain's architecture also hopes to improve transaction times and reduce fees, by including a sharding mechanism that is locked to Gas fees. The first use cases for their platform will be digital advertising solutions.
The company is backed by several large Chinese blockchain companies, including ZB.com; one of the largest cryptocurrency exchanges. digital advertising industry

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