GoChain

by GoChain

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Solana Blockchain

by Solana Labs

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Tendermint

by Interchain Foundation

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GoChain

by GoChain

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Solana Blockchain

by Solana Labs

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Tendermint

by Interchain Foundation

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What problem does this service solve?

GoChain's hopes to create a blockchain platform that will have faster transaction time and volumes, and also improve energy efficiency.Solana allows developers to create DApps with faster performance by separating the consensus process from the recording of transactions.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.

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Company Description

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.

The Solana blockchain uses an innovative Proof of History mechanism to confirm transactions that are recorded on the network. Solana is designed to separate the consensus process from the flow of transactions. This is done with a recursive, verifiable delay function that hashes incoming transactions, and recording information as a function of time. Every node on the Solana blockchain is assigned a cryptographic clock that enables the network to determine the time and ordering of transactions, without having to wait for consensus from other nodes. By separating the process of transaction verification from their recording, a higher throughput is achieved without sacrificing network security.

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.

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