FOAM vs Davinci Coin vs Namecoin
What problem does this service solve?
FOAM aims to to bring location data to blockchains and enable consensus driven mapping. | Davinci Coin aims to use blockchain to promote economic and cultural exchanges between China and South Korea. | Namecoin is used to register domain names and record domain information on the blockchain. |
Token Stats
Company Description
FOAM is developing a blockchain-based location service protocol for embedding physical locations in Ethereum smart contracts. The FOAM network will use radio beacons and will provide incentives for decentralized location services that will be given by network participants. Users will stake tokens to become zone anchors, that will work with radio beacons to return location data to the network. FOAM's Proof of Location protocol will be used to confirm consensus on the location of objects and entities in space and time. | Davinci Coin is an Ethereum-based token that powers the Davinci Project's ecosystem. Their goal is to strengthen private sector cooperation between China and South Korea. | Namecoin is a blockchain-based DNS that allows users to register domain names with a ".bit" domain. Namecoin was the first fork of the Bitcoin protocol and it aims to remove centralized control over domain registration. It was the first cryptocurrency to use Auxiliary Proof of Work (AuxPoW) as a consensus mechanism, |