DAEX

by DAEX Foundation

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Tendermint

by Interchain Foundation

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IOST

by IOST

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DAEX

by DAEX Foundation

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Tendermint

by Interchain Foundation

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IOST

by IOST

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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.The Internet of Services Token is focused on improving overall blockchain speed and performance.

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.

IOST (Internet of Services Token) is a blockchain platform that is focused on improving transaction speed and scalability. IOST has a unique Proof of Believability consensus mechanism that is based on past contributions and behavior.
The company claims that their platform will increase security and efficiency compared to other platforms. IOST uses a sharding technique that splits the network into smaller ones and randomly assigns tasks for the nodes on the network.

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