LTO Network vs Celer Network vs Klaytn Coin
What problem does this service solve?
LTO Network's goal is to use blockchain to add efficiency and automation to organizational workflows. | Celer Network's goal is to create a blockchain platform with improved liquidity and connectivity. | Klaytn aims to improve blockchain usability and transaction speeds by employing a hybrid architecture and consensus mechanism. |
Token Stats
Company Description
The LTO Network is a blockchain platform designed to automate workflows and collaboration between organizations. The company places an emphasis on ensuring regulatory compliance. Their network has a hybrid architecture that combines elements of private and public blockchains. | Celer Network is developing a layer-2 scaling platform that aims to enable fast and secure off-chain transactions and off-chain smart contracts. The Celer Network hopes to enable developers to create scalable DApps by increasing the off-chain functionalities of blockchains. | 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. |