Harmony

by Harmony

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CanonChain

by CANONCHAIN.COM Inc.

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Hedera Hashgraph

by Hedera Hashgraph

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Harmony

by Harmony

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CanonChain

by CANONCHAIN.COM Inc.

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Hedera Hashgraph

by Hedera Hashgraph

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What problem does this service solve?

Harmony's goal is to create a consensus mechanism that will scale for larger networks.CannonChain's consensus mechanism encourages contributing network resources on smaller scales.The Hedera Hashgraph consensus algorithm aims enable DApps where precise ordering and time recording of transactions is important.

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Company Description

Harmony is developing an open consensus blockchain platform. Harmony's sharding-based consensus mechanism is designed to scale as the number of nodes increases in the network. Harmony aims to tackle issues related to scalability by optimizing across multiple layers in a way that will enable parallel transaction processing with reduced latency. Harmony is currently powered by the ONE token, which is built on the Binance blockchain.

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.

Hedera Hashgraph is a blockchain network that was designed to allow developers to create DApps that require higher throughput and faster settlement. Hedera uses its own consensus protocol that assigns every transaction a consensus time that is calculated as the median of the times at which each node in the network first received it. The network is powered by the HBAR coin.

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