Chain

by Chain

4/5

(1)
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Nxt

by Ardor Nxt Group

3.5/5

(1)
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TrueChain

by TrueChain

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Chain

by Chain

4/5

(1)
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Nxt

by Ardor Nxt Group

3.5/5

(1)
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TrueChain

by TrueChain

(0)
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What problem does this service solve?

Chain develops blockchain software for financial institutions and other companies that want to create an alternate data model on their backends.Nxt provides users a modular toolset for DApp development.TrueChain wants to improve blockchain performance with a hybrid consensus model.

Token Stats

Not Relevant

Company Description

Chain is a blockchain software company that creates blockchain-based systems for financial institutions and major companies. They've developed blockchain solutions for companies like Nasdaq, Visa, and Citigroup, as well as a variety of crytpocurrencies. Chain has been successful in incorporating distributed ledger technology in very large and influential companies. Their focus is on using the core innovations of blockchain to improve existing systems. Chain uses blockchain as a software tool that can be applied where it is important for services or product to have more trust, or to build a network without an intermediary

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.

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

Ratings

Overall

5/5 (1)

4/5 (1)

(0)

How useful is this tool in creating decentralized applications?

4/5

4/5

How does this platform compare to similar development tools?

4/5

4/5

How effective is this tool in encouraging blockchain adoption?

4/5

2/5

How scalable is this platform?

3/5

4/5

How likely is it that this tool will still be used in 10 years?

5/5

4/5