What problem does this service solve?

Credits hopes to create a blockchain platform that will have faster transaction time and will handle larger volumes.

NEAR's goal is to serve as an open source platform that will accelerate the development of decentralized applications

The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.

Token Stats

Not Relevant

Company Description

Credits is building a blockchain platform focused on speed and scalability. Credits' protocol uses a Delegated Proof-of-Stake (dPoS) consensus mechanism and will be powered by the CS coin. They hope to significantly improve transaction times and reduce fees.

NEAR Protocol is a decentralized application platform designed to make DApps operable on the web. The NEAR network uses a Proof of Stake consensus mechanism called Nightshade. The NEAR utility token is used for processing transactions and storing data, as well as for facilitating voting for governance issues.
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Tendermint is a consensus algorithm that was created by a company called All in Bits. The open source algorithm is Byzantine Fault-Tolerant and uses an authenticated encryption system to secure transactions. The Tendermint consensus mechanism was developed in 2014 for the Cosmos Network. The Interchain Foundation, which is developing the Cosmos Network, continues to employ All in Bits to support Cosmos.

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Credits vs NEAR Protocol vs Tendermint

Credits

NEAR Protocol

Tendermint