Matic Network

by Matic-Network India LLP

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Tendermint

by Interchain Foundation

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Parity Technologies

by Parity Technologies

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Matic Network

by Matic-Network India LLP

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Tendermint

by Interchain Foundation

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Parity Technologies

by Parity Technologies

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What problem does this service solve?

Matic provides scalability for DApps and smart contracts.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.Parity's software makes it easier for organizations, end-users, and developers to use blockchain.

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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.

Tendermint is a consensus algorithm that was created by a company called All in Bits. The open source algorithm is Byzantine Fault-Tolerant and uses an authenticated encryption system to secure transactions. The Tendermint consensus mechanism was developed in 2014 for the Cosmos Network. The Interchain Foundation, which is developing the Cosmos Network, continues to employ All in Bits to support Cosmos.

Parity Technologies is an influential blockchain development company that offers a variety of open-source software solutions for creating and using decentralized technologies. Some of their solutions include Ethereum and Bitcoin clients, cross-chain technologies, smart contracts, testnets, and cryptocurrency wallets. The company was created by Gavin Wood, the co-founder of Ethereum.

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