HYCON

by HYCON, Glosfer Co., Ltd.

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Tendermint

by Interchain Foundation

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DAEX

by DAEX Foundation

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HYCON

by HYCON, Glosfer Co., Ltd.

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Tendermint

by Interchain Foundation

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DAEX

by DAEX Foundation

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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.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.DAEX's decentralized clearing system increases the security of centralized crypto exchanges.

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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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Tendermint is a consensus algorithm that was created by a company called All in Bits. The open source algorithm is Byzantine Fault-Tolerant and uses an authenticated encryption system to secure transactions. The Tendermint consensus mechanism was developed in 2014 for the Cosmos Network. The Interchain Foundation, which is developing the Cosmos Network, continues to employ All in Bits to support Cosmos.

DAEX is developing a decentralized cryptocurrency clearing ecosystem that will improve the underlying infrastructure of centralized exchanges. DAEX aims to solve many of the security and privacy issues related to centralized cryptocurrency exchanges by providing a secure digital asset storage service for developers and trading platforms. Their ecosystem is powered by the Ethereum-based DAX token.

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