Harmony vs FOAM vs IOST
What problem does this service solve?
Harmony's goal is to create a consensus mechanism that will scale for larger networks. | FOAM aims to to bring location data to blockchains and enable consensus driven mapping. | The Internet of Services Token is focused on improving overall blockchain speed and performance. |
Token Stats
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. | 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. | IOST (Internet of Services Token) is a blockchain platform that is focused on improving transaction speed and scalability. IOST has a unique Proof of Believability consensus mechanism that is based on past contributions and behavior. |