DAEX

by DAEX Foundation

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Tendermint

by Interchain Foundation

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FOAM

by FOAM Inc.

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DAEX

by DAEX Foundation

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Tendermint

by Interchain Foundation

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FOAM

by FOAM Inc.

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What problem does this service solve?

DAEX's decentralized clearing system increases the security of centralized crypto exchanges.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.FOAM aims to to bring location data to blockchains and enable consensus driven mapping.

Token Stats

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Company Description

DAEX is developing a decentralized cryptocurrency clearing ecosystem that will improve the underlying infrastructure of centralized exchanges. DAEX aims to solve many of the security and privacy issues related to centralized cryptocurrency exchanges by providing a secure digital asset storage service for developers and trading platforms. Their ecosystem is powered by the Ethereum-based DAX token.

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.

FOAM is developing a blockchain-based location service protocol for embedding physical locations in Ethereum smart contracts. The FOAM network will use radio beacons and will provide incentives for decentralized location services that will be given by network participants. Users will stake tokens to become zone anchors, that will work with radio beacons to return location data to the network. FOAM's Proof of Location protocol will be used to confirm consensus on the location of objects and entities in space and time.

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