Namecoin vs Penta vs Cardano
What problem does this service solve?
Namecoin is used to register domain names and record domain information on the blockchain. | Penta does not appear to solve any problems better than existing blockchain platforms. | Cardano is a blockchain project that is based on peer to peer review. Cardano's smart contract platform aims to become the internet of blockchains. Their goal is to create a research driven decentralized network that is more sustainable and scalable than others. |
Token Stats
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, | Penta is developing a blockchain platform that DApps can be built on. It will have a Dynamic Stake Consensus (DSC) algorithm to confirm transactions. The Penta network is currently powered by the Ethereum-based PNT token. | The Cardano blockchain is a 3rd generation blockchain platform that was designed with a collaborative peer-to-peer review system, It aims to improve upon prior blockchain systems to enable larger and more sustainable uses of the technology. |