Matic Network

by Matic-Network India LLP

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Wowbit

by Wowoo Pte. Ltd.

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Avalanche Token

by Ava Labs

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Matic Network

by Matic-Network India LLP

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Wowbit

by Wowoo Pte. Ltd.

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Avalanche Token

by Ava Labs

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What problem does this service solve?

Matic provides scalability for DApps and smart contracts.Wowbit allows users to create smart contract enabled digital assets on the NEO blockchain.Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times.

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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.

Wowbit, also known as Wowoo, is a NEO-based tokenization platform. Their smart contract enabled platform is based on their Smart Active Control (SAC) architecture, and is powered by the WWB token.

The Avalanche token (AVAX) performs various tasks within Avalanche's Proof of Stake blockchain network. The Avalanche token functions as a rewards and payment system for users. The network is designed to be an open-source platform for launching highly decentralized applications, enterprise deployments, and decentralized financial instruments. The Avalanche ecosystem is meant to be smore scalable and interoperable than other blockchain platforms. Unlike Bitcoin and many other networks, transaction fees are “burnt” in order to increase token scarcity. This process is offset by the release, or “minting,” of new coins.
Avalanche was launched by Ava Labs, whose founder Emin Gün Sirer is a veteran computer scientist that has been very influential in the Blockchain space. Gün Sirer is a computer science professor at Cornell University and has written extensively about scaling blockchain networks.

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