ChainLink

by SmartContract

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Elrond

by Elrond

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Chain

by Chain

4/5

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ChainLink

by SmartContract

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Elrond

by Elrond

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Chain

by Chain

4/5

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What problem does this service solve?

ChainLink wants to solve the connectivity problem facing smart decentralized applications. By connecting smart contracts to external data resources, many potential use cases for blockchain can be opened up.Elrond will allow developers to create more scalable DApps with faster transaction times.Chain develops blockchain software for financial institutions and other companies that want to create an alternate data model on their backends.

Token Stats

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Company Description

ChainLink is developing the LINK Network, which will enable connected smart contracts. LINK will provide smart contracts with a variety of external data and access to APIs. ChainLink's goal is to solve the connectivity problem that plagues smart contract based systems, and discourages mass adoption. Many decentralized applications are unable to connect with important external data sources due to limitations involving their consensus protocols. The LINK network wants to connect their smart contracts with external systems and APIs by using secure middleware.

The Elrond blockchain platform is designed to be a public development infrastructure that will be more secure, efficient, and scalable than other blockchain platforms. The Elrond blockchain is aimed at DApp developers and enterprises. Elrond will have a Prof of Stake consensus mechanism, and will include an Adaptive State Sharding feature that will allow multiple validators to process transactions in parallel.

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

Ratings

Overall

(0)

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5/5 (1)

How useful is this tool in creating decentralized applications?

4/5

How does this platform compare to similar development tools?

4/5

How effective is this tool in encouraging blockchain adoption?

4/5

How scalable is this platform?

3/5

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

5/5