Harmony

by Harmony

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IPFS

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Penta

by Penta Global Foundation PTE.LTD

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Harmony

by Harmony

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IPFS

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Penta

by Penta Global Foundation PTE.LTD

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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.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.Penta does not appear to solve any problems better than existing blockchain platforms.

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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.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

Penta is developing a blockchain platform that DApps can be built on. It will have a Dynamic Stake Consensus (DSC) algorithm to confirm transactions. The Penta network is currently powered by the Ethereum-based PNT token.

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