Hedera Hashgraph

by Hedera Hashgraph

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EdenChain

by EdenChain

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ChainLink

by SmartContract

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Hedera Hashgraph

by Hedera Hashgraph

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EdenChain

by EdenChain

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ChainLink

by SmartContract

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What problem does this service solve?

The Hedera Hashgraph consensus algorithm aims enable DApps where precise ordering and time recording of transactions is important.EdenChain aims to create a high performance blockchain for enterprises, that will allow them to convert assets into digital tokens.ChainLink wants to solve the connectivity problem facing smart decentralized applications. By connecting smart contracts to external data resources, many potential use cases for blockchain can be opened up.

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Company Description

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.

EdenChain is developing an enterprise tokenization platform that will be based on their permissioned blockchain technology. Their goal is to enable enterprises to create customized digital assets based on their unique needs, and still maintain a high degree of control and privacy. EdenChain will use Merkle Tree and Namespace technology to solve performance issues by executing transactions in parallel; thus enabling more transactions per second, with lower transaction fees. EdenChain utilizes both a hardware and software solution to arrive at a consensus, and has a triple layer architecture that is significantly different from other tokenization platforms. Their hybrid consensus mechanism that will combine a protocol called Median Voter Thereom (MVT) with Proof-of-Elapsed-Time (PoET). PoET was designed and marketed by Intel, and is similar to PoW but requires less electricity. The company issued an Ethereum-based token called EDN.

ChainLink is developing the LINK Network, which will enable connected smart contracts. LINK will provide smart contracts with a variety of external data and access to APIs. ChainLink's goal is to solve the connectivity problem that plagues smart contract based systems, and discourages mass adoption. Many decentralized applications are unable to connect with important external data sources due to limitations involving their consensus protocols. The LINK network wants to connect their smart contracts with external systems and APIs by using secure middleware.

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