IOST

by IOST

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Tendermint

by Interchain Foundation

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Aztec Protocol

by ConsenSys

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IOST

by IOST

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Tendermint

by Interchain Foundation

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Aztec Protocol

by ConsenSys

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What problem does this service solve?

The Internet of Services Token is focused on improving overall blockchain speed and performance.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.The Aztec Protocol reduces GAS costs and increase inter-operability for Ethereum DApps.

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Company Description

IOST (Internet of Services Token) is a blockchain platform that is focused on improving transaction speed and scalability. IOST has a unique Proof of Believability consensus mechanism that is based on past contributions and behavior.
The company claims that their platform will increase security and efficiency compared to other platforms. IOST uses a sharding technique that splits the network into smaller ones and randomly assigns tasks for the nodes on the network.

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.

The Aztec Protocol is an efficient zero-knowledge privacy protocol designed to enable private transactions on the Ethereum blocckhain. Their zero-knowledge proofs enable private transactions that can facilitate a variety of inter-operable financial applications on Ethereum. Aztec is a ConsenSys portfolio company.

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