Hedera Hashgraph vs HYCON vs Ignis
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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. | HYCON's DAG/SPECTRE consensus is designed to improve blockchain performance by enabling more than one block to be added to the main chain. | Ignis allows users to create DApps on the Nxt blockchain. It's vision and benefits are somewhat unclear. |
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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. | HYCON is a blockchain platform powered by the Hyperconnected Coin. The decentralized platform has a Directed Acyclic Graph (DAG) architecture, and is focused on improving scalability and throughput. HYCON's SPECTRE consensus algorithm is designed to enable horizontal scalability, where several blocks can be added at the same time. \ | Ignis is a blockchain platform that is being developed by Jeluirda; the company behind Ardor and Nxt. Ignis is a child chain of the Nxt blockchain. Jelurida is developing blockchain platforms that will enable users to develop decentralized applications, and will be based on a parent and child chain architecture. |
