Penta

by Penta Global Foundation PTE.LTD

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IOST

by IOST

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IPFS

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Penta

by Penta Global Foundation PTE.LTD

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IOST

by IOST

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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.The Internet of Services Token is focused on improving overall blockchain speed and performance.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.

Token Stats

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.

IOST (Internet of Services Token) is a blockchain platform that is focused on improving transaction speed and scalability. IOST has a unique Proof of Believability consensus mechanism that is based on past contributions and behavior.
The company claims that their platform will increase security and efficiency compared to other platforms. IOST uses a sharding technique that splits the network into smaller ones and randomly assigns tasks for the nodes on the network.

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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