IPFS

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CanonChain

by CANONCHAIN.COM Inc.

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Hedera Hashgraph

by Hedera Hashgraph

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IPFS

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CanonChain

by CANONCHAIN.COM Inc.

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Hedera Hashgraph

by Hedera Hashgraph

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What problem does this service solve?

IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.CannonChain's consensus mechanism encourages contributing network resources on smaller scales.The Hedera Hashgraph consensus algorithm aims enable DApps where precise ordering and time recording of transactions is important.

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Company Description

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

CanonChain is developing an underlying blockchain protocol based on Fog networking and a Proof-of-Participation (PoP) consensus mechanism. Their network is designed to provide incentives for contributing computing resources on fragmented networks, and is powered by the Ethereum-based CZR token, known as Xuanchi.

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.

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