Klaytn Coin vs GoChain vs VestChain
What problem does this service solve?
Klaytn aims to improve blockchain usability and transaction speeds by employing a hybrid architecture and consensus mechanism. | GoChain's hopes to create a blockchain platform that will have faster transaction time and volumes, and also improve energy efficiency. | VestChain aims to create a better performing smart contract platform. |
Token Stats
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. | GoChain is building a blockchain focused on speed and scalability. GoChain's protocol uses a Proof-of-Reputation (PoR) consensus mechanism and will be powered by the GO coin. They hope to significantly improve transaction times and reduce fee with an architecture that will rely on nodes managed by large enterprises. Their marketing materials places a strong emphasis on energy efficiency and reducing the monopolizing influence of large mining operations that have reduced the decentralization of other networks. | VestChain is developing a smart contract platform that will have a double layer architecture. Their network is currently powered by the Ethereum based VEST token. |