DAEX

by DAEX Foundation

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Tendermint

by Interchain Foundation

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TomoChain

by TomoChain Pte. Ltd.

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DAEX

by DAEX Foundation

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Tendermint

by Interchain Foundation

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TomoChain

by TomoChain Pte. Ltd.

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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.TomoChain's goal is to create a DApp platform with faster and cheaper transactions.

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.

TomoChain is a DApp development platform compatible with Ethereum smart contracts. Their goal is to enable faster and cheaper transactions. Their network will have a Proof-of-Stake (PoS) consensus mechanism, with a system of 150 Masternodes. TomoChain will be compatible with Ethereum-based smart contracts, and will allow users to issue their own tokens. The company has offices in Singapore, Japan, and Vietnam.

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