Elrond

by Elrond

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CanonChain

by CANONCHAIN.COM Inc.

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Ternio

by Ternio LLC.

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Elrond

by Elrond

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CanonChain

by CANONCHAIN.COM Inc.

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Ternio

by Ternio LLC.

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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.Ternio aims to build a single blockchain frame-work that will be capable of meeting the needs of multiple industries.

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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.

Ternio is developing a scalable blockchain framework called Lexicon. It was originally a fork of Hyperledger Fabric, and is designed to handle the high transactions rates that enterprise business clients need. Ternio's framework uses its Lexicon Blockchain as a data protocol, and the Stellar Blockchain as a payment protocol. Ternio will have a Byzantine Fault Tolerance (BFT) consensus mechanism. Ternio's marketing materials mention the benefits that their high performance, Lexicon blockchain can have in programmatic digital advertising, as well as a variety of other industries. Ternio also created the BlockCard; a crypto debit card that enables users to spend their cryptocurrency. Their network is currently powered by the Stellar-based TERN token.

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