Harmony

by Harmony

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CanonChain

by CANONCHAIN.COM Inc.

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QuarkChain

by QuarkChain

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Harmony

by Harmony

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CanonChain

by CANONCHAIN.COM Inc.

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QuarkChain

by QuarkChain

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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.QuarkChain hopes to create a more scalable blockchain platform that will have faster transaction times.

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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.

QuarkChain is building a blockchain with a focus on speed and scalability. They hope to significantly improve transaction times and reduce fees with an architecture that will rely on a two-layered blockchain and elastic sharding. QuarkChain uses a hybrid Proof-of-Work (PoW) consensus mechanism that is ASIC-resistant. Transactions are first confirmed on one blockchain layer, and then on the second. The network will be powered by the QKC coin.

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