Namecoin vs Hyperion vs Tendermint
What problem does this service solve?
Namecoin is used to register domain names and record domain information on the blockchain. | Hyperion's goal is to create a decentralized marketplace for map data that will be generated by users. | The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem. |
Token Stats
Not Relevant |
Company Description
Namecoin is a blockchain-based DNS that allows users to register domain names with a ".bit" domain. Namecoin was the first fork of the Bitcoin protocol and it aims to remove centralized control over domain registration. It was the first cryptocurrency to use Auxiliary Proof of Work (AuxPoW) as a consensus mechanism, | Hyperion is developing a decentralized mapping platform that will ensure user privacy and provide map services for DApps. The platform will give users incentives to contribute location data and will have a community governance model. The Hyperion network is powered by the Ethereum-based HYN token. | 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. |