Penta

by Penta Global Foundation PTE.LTD

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Blockdaemon

by Blockdaemon

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TrueChain

by TrueChain

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Penta

by Penta Global Foundation PTE.LTD

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Blockdaemon

by Blockdaemon

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TrueChain

by TrueChain

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What problem does this service solve?

Penta does not appear to solve any problems better than existing blockchain platforms.Blockdaemon wants to make it easier for companies to create decentralized networks that fit their business needs.TrueChain wants to improve blockchain performance with a hybrid consensus model.

Token Stats

Not Relevant

Company Description

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.

Blockdaemon is a blockchain infrastructure service company that focuses on deploying nodes for their clients. They assist their clients in setting up and managing networks for their DApps. Blockdaemon's node deployment tool allows users to easily deploy blockchan nodes on Bitcoin, Aion, and Stellar in a way that best suits their needs.

TrueChain is developing a secure and scalable blockchain platform with a strong developer community. TrueChain hopes to improve upon current platforms with a hybrid consensus protocol called Minerva. This hybrid model will combine a consensus mechanism based on Practical Byzantine Fault Tolerance (pBFT) with a FruitChain-based Proof-of-Work protocol. Fruitchain is designed to minimize the incentives of mining pools by decreasing the variance of mining rewards; making the network more decentralized.
TrueChain's architecture also hopes to improve transaction times and reduce fees, by including a sharding mechanism that is locked to Gas fees. The first use cases for their platform will be digital advertising solutions.
The company is backed by several large Chinese blockchain companies, including ZB.com; one of the largest cryptocurrency exchanges. digital advertising industry

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