Elrond

by Elrond

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CanonChain

by CANONCHAIN.COM Inc.

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Nxt

by Ardor Nxt Group

3.5/5

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Elrond

by Elrond

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CanonChain

by CANONCHAIN.COM Inc.

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Nxt

by Ardor Nxt Group

3.5/5

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What problem does this service solve?

Elrond will allow developers to create more scalable DApps with faster transaction times.CannonChain's consensus mechanism encourages contributing network resources on smaller scales.Nxt provides users a modular toolset for DApp development.

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Company Description

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.

CanonChain is developing an underlying blockchain protocol based on Fog networking and a Proof-of-Participation (PoP) consensus mechanism. Their network is designed to provide incentives for contributing computing resources on fragmented networks, and is powered by the Ethereum-based CZR token, known as Xuanchi.

Nxt is a blockchain platform developed by Jelurida, which is also developing the Ardor blockchain. Nxt's goal is to improve upon existing blockchain platforms with a modular toolset that enables users to create their own digital assets that can be listed on decentralized marketplaces. Nxt also features community driven voting mechanisms and has an architecture that separates the blockchain into parent and child blockchains.
The network is powered by the NXT token and has a Proof-of-Stake (PoS) consensus mechanism.

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