Penta

by Penta Global Foundation PTE.LTD

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Matic Network

by Matic-Network India LLP

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CanonChain

by CANONCHAIN.COM Inc.

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Penta

by Penta Global Foundation PTE.LTD

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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?

Penta does not appear to solve any problems better than existing blockchain platforms.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

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 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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