Elrond

by Elrond

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Tendermint

by Interchain Foundation

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GoChain

by GoChain

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Elrond

by Elrond

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Tendermint

by Interchain Foundation

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GoChain

by GoChain

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What problem does this service solve?

Elrond will allow developers to create more scalable DApps with faster transaction times.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.GoChain's hopes to create a blockchain platform that will have faster transaction time and volumes, and also improve energy efficiency.

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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.

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.

GoChain is building a blockchain focused on speed and scalability. GoChain's protocol uses a Proof-of-Reputation (PoR) consensus mechanism and will be powered by the GO coin. They hope to significantly improve transaction times and reduce fee with an architecture that will rely on nodes managed by large enterprises. Their marketing materials places a strong emphasis on energy efficiency and reducing the monopolizing influence of large mining operations that have reduced the decentralization of other networks.

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