Parity Technologies

by Parity Technologies

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Matic Network

by Matic-Network India LLP

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CanonChain

by CANONCHAIN.COM Inc.

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Parity Technologies

by Parity Technologies

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Matic Network

by Matic-Network India LLP

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CanonChain

by CANONCHAIN.COM Inc.

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What problem does this service solve?

Parity's software makes it easier for organizations, end-users, and developers to use blockchain.Matic provides scalability for DApps and smart contracts.CannonChain's consensus mechanism encourages contributing network resources on smaller scales.

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Company Description

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.

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.

CanonChain is developing an underlying blockchain protocol based on Fog networking and a Proof-of-Participation (PoP) consensus mechanism. Their network is designed to provide incentives for contributing computing resources on fragmented networks, and is powered by the Ethereum-based CZR token, known as Xuanchi.

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