Klaytn Coin

by GroundX

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Chain

by Chain

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‍Flow Blockchain

by Dapper Labs

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Klaytn Coin

by GroundX

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Chain

by Chain

4/5

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‍Flow Blockchain

by Dapper Labs

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What problem does this service solve?

Klaytn aims to improve blockchain usability and transaction speeds by employing a hybrid architecture and consensus mechanism.Chain develops blockchain software for financial institutions and other companies that want to create an alternate data model on their backends.Flow's goal is to create a DApp development platform that is easier to use for both developers and users.

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Company Description

Klaytn Coin is the native currency of the Klaytn blockchain. It was developed by the South Korean internet giant, Kakao and is operated by its subsidiary Ground X. Klaytn Coin is designed to power an enterprise-grade, service-centric platform that brings a user-friendly blockchain experience to its users. It has a hybrid architecture that combines elements of public and private blockchains. Klaytn uses an optimized version of the Istanbul Byzantine Fault Tolerant consensus algorithm. There are three types of nodes, CN (Consensus Node), PN (Proxy Node) and EN (Endpoint Node). CNs are managed by CCOs (Core Cell Operators) and are in charge of block generation. These blocks are verified by all nodes in the network.
It has partnerships with multiple prominent companies, including Binance, which serves on their governance council, and several large South Korean banks and technology companies. The company also plans to integrate with OpenSea's NFT marketplace to allow Klaytn-powered NFTs to be sold more easily.

Chain is a blockchain software company that creates blockchain-based systems for financial institutions and major companies. They've developed blockchain solutions for companies like Nasdaq, Visa, and Citigroup, as well as a variety of crytpocurrencies. Chain has been successful in incorporating distributed ledger technology in very large and influential companies. Their focus is on using the core innovations of blockchain to improve existing systems. Chain uses blockchain as a software tool that can be applied where it is important for services or product to have more trust, or to build a network without an intermediary

T‍he Flow Blockchain aims to be a developer-friendly blockchain for a new generation of DApps and digital assets that power them. Flow Blockchain is based on a unique, multi-role architecture, and is designed to scale without sharding, so that it can accommodate consumer applications with more users. The project was created by Dapper Labs, which previously created Crypto Kitties, one of the most popular blockchain collectible projects. Flow is now being used by NBA Top Shot, an officially licensed NBA platform for player related, blockchan-based collectibles. The founders: Roham Gharegozlou, Dieter Shirley, and Mikhael Naayem launched Flow with the goal of simplifying the DApp development experience.
Flow uses a Proof of Stake consensus mechanism. Flow coins are intended to be used as payment for validation services, data and computation, governance, as well as for collateral for secondary tokens that may be created on the platform in the future.

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