ChainLink vs Elrond vs Holo
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. | Holo wants to offer a decentralized hosting solution for DApps. |
Token Stats
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. | Holo is a decentralized hosting provider that is built on top of Holochain. DApps can be set up and deployed with Holo hosting, as a decentralized alternative to Amazon Web Services, or other centralized hosting solutions. |