Matic Network

by Matic-Network India LLP

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Harmony

by Harmony

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Fantom

by Fantom

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Matic Network

by Matic-Network India LLP

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Harmony

by Harmony

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Fantom

by Fantom

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What problem does this service solve?

Matic provides scalability for DApps and smart contracts.Harmony's goal is to create a consensus mechanism that will scale for larger networks.Fantom wants to create a better performing smart contract platform that will based on a directed acyclic graph.

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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.

Harmony is developing an open consensus blockchain platform. Harmony's sharding-based consensus mechanism is designed to scale as the number of nodes increases in the network. Harmony aims to tackle issues related to scalability by optimizing across multiple layers in a way that will enable parallel transaction processing with reduced latency. Harmony is currently powered by the ONE token, which is built on the Binance blockchain.

Fantom is developing a smart contract platform based on a directed acyclic graph (DAG). They hope to address the scalability issues of current decentralized platforms. Instead of a blockchain, Fantom's Lachesis Protocol uses a directed acyclic graph to confirm transactions asynchronously. This transaction history is immutable and cannot be modified. The platform's Opera Chain will consist of three layers: an application Layer, Opera Ware Layer, and Opera Core Layer. Fanotm issued an Ethereum-based token in 2018.

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