IOST

by IOST

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Tendermint

by Interchain Foundation

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NEAR Protocol

by NEAR

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IOST

by IOST

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Tendermint

by Interchain Foundation

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NEAR Protocol

by NEAR

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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.NEAR's goal is to serve as an open source platform that will accelerate the development of decentralized applications

Token Stats

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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.

NEAR Protocol is a decentralized application platform designed to make DApps operable on the web. The NEAR network uses a Proof of Stake consensus mechanism called Nightshade. The NEAR utility token is used for processing transactions and storing data, as well as for facilitating voting for governance issues.
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