Penta

by Penta Global Foundation PTE.LTD

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Celer Network

by ScaleSphere Foundation Ltd

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IPFS

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Penta

by Penta Global Foundation PTE.LTD

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Celer Network

by ScaleSphere Foundation Ltd

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IPFS

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What problem does this service solve?

Penta does not appear to solve any problems better than existing blockchain platforms.Celer Network's goal is to create a blockchain platform with improved liquidity and connectivity.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.

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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.

Celer Network is developing a layer-2 scaling platform that aims to enable fast and secure off-chain transactions and off-chain smart contracts. The Celer Network hopes to enable developers to create scalable DApps by increasing the off-chain functionalities of blockchains.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

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