Celer Network

by ScaleSphere Foundation Ltd

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Ternio

by Ternio LLC.

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CanonChain

by CANONCHAIN.COM Inc.

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Celer Network

by ScaleSphere Foundation Ltd

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Ternio

by Ternio LLC.

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CanonChain

by CANONCHAIN.COM Inc.

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What problem does this service solve?

Celer Network's goal is to create a blockchain platform with improved liquidity and connectivity.Ternio aims to build a single blockchain frame-work that will be capable of meeting the needs of multiple industries.CannonChain's consensus mechanism encourages contributing network resources on smaller scales.

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Company Description

Celer Network is developing a layer-2 scaling platform that aims to enable fast and secure off-chain transactions and off-chain smart contracts. The Celer Network hopes to enable developers to create scalable DApps by increasing the off-chain functionalities of blockchains.

Ternio is developing a scalable blockchain framework called Lexicon. It was originally a fork of Hyperledger Fabric, and is designed to handle the high transactions rates that enterprise business clients need. Ternio's framework uses its Lexicon Blockchain as a data protocol, and the Stellar Blockchain as a payment protocol. Ternio will have a Byzantine Fault Tolerance (BFT) consensus mechanism. Ternio's marketing materials mention the benefits that their high performance, Lexicon blockchain can have in programmatic digital advertising, as well as a variety of other industries. Ternio also created the BlockCard; a crypto debit card that enables users to spend their cryptocurrency. Their network is currently powered by the Stellar-based TERN token.

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.

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