Penta

by Penta Global Foundation PTE.LTD

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IPFS

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FLO

by FLO

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Penta

by Penta Global Foundation PTE.LTD

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IPFS

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FLO

by FLO

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What problem does this service solve?

Penta does not appear to solve any problems better than existing blockchain platforms.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.FLO's blockchain allows users to record short comments or notes to its transactions.

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.

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.

FLO is a Proof-of-Work blockchain with a metadata layer called floData. It enables users to easily record notes to its blocks, and can be used to create DApps. One of FLO's central features is the Open Index Protocol, which standardizes cryptographic ownership on open networks. The founders of FLO are also working on Alexandria; an open-source standard for users to publish and distribute original content. FLO's source code is based on that of Bitcoin and Litecoin. It is designed to enable fast transactions times.

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