Matic Network

by Matic-Network India LLP

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Elrond

by Elrond

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Nxt

by Ardor Nxt Group

3.5/5

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Matic Network

by Matic-Network India LLP

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Elrond

by Elrond

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Nxt

by Ardor Nxt Group

3.5/5

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What problem does this service solve?

Matic provides scalability for DApps and smart contracts.Elrond will allow developers to create more scalable DApps with faster transaction times.Nxt provides users a modular toolset for DApp development.

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Company Description

The Matic Network is a sidechain based scaling solution for public blockchains. Matic aims to allow developers to better scale their Ethereum DApps by using a version of Plasma, along with side chains that use a PoS consensus mechanism. Matic plans on supporting other blockchains as well in order to facilitate interoperability.

The Elrond blockchain platform is designed to be a public development infrastructure that will be more secure, efficient, and scalable than other blockchain platforms. The Elrond blockchain is aimed at DApp developers and enterprises. Elrond will have a Prof of Stake consensus mechanism, and will include an Adaptive State Sharding feature that will allow multiple validators to process transactions in parallel.

Nxt is a blockchain platform developed by Jelurida, which is also developing the Ardor blockchain. Nxt's goal is to improve upon existing blockchain platforms with a modular toolset that enables users to create their own digital assets that can be listed on decentralized marketplaces. Nxt also features community driven voting mechanisms and has an architecture that separates the blockchain into parent and child blockchains.
The network is powered by the NXT token and has a Proof-of-Stake (PoS) consensus mechanism.

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