HYCON

by HYCON, Glosfer Co., Ltd.

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ALQO

by ALQO

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Fantom

by Fantom

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HYCON

by HYCON, Glosfer Co., Ltd.

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ALQO

by ALQO

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Fantom

by Fantom

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What problem does this service solve?

HYCON's DAG/SPECTRE consensus is designed to improve blockchain performance by enabling more than one block to be added to the main chain.Alqo is building a blockchain-based platform that will serve as an interconnected ecosystem for DApps.Fantom wants to create a better performing smart contract platform that will based on a directed acyclic graph.

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Company Description

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.

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Alqo is developing an ecosystem of decentralized products and services that will be powered by the Alqo coin (XLQ). Their blockchain-based ecosystem enables instant and anonymous transactions. The XLQ coin is designed to be a multipurpose coin that will be used by all projects in the "Alqo Planetary System." Alqo is currently building Bitfineon (cryptocurrency exchange) and Payinx (payment solution for merchants). They plan on adding more projects (planets) to their ecosystem later. The Alqo network uses a modified Proof-of-Stake (PoS) consensus mechanism and an improved version of Zerocoin for encryption. The Alqo DAO (Decentralized Autonomous Organization) uses a Carbon Voting system to resolve governance issues.

Fantom is developing a smart contract platform based on a directed acyclic graph (DAG). They hope to address the scalability issues of current decentralized platforms. Instead of a blockchain, Fantom's Lachesis Protocol uses a directed acyclic graph to confirm transactions asynchronously. This transaction history is immutable and cannot be modified. The platform's Opera Chain will consist of three layers: an application Layer, Opera Ware Layer, and Opera Core Layer. Fanotm issued an Ethereum-based token in 2018.

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