Penta

by Penta Global Foundation PTE.LTD

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Matic Network

by Matic-Network India LLP

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Tendermint

by Interchain Foundation

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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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Tendermint

by Interchain Foundation

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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.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.

Token Stats

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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.

Tendermint is a consensus algorithm that was created by a company called All in Bits. The open source algorithm is Byzantine Fault-Tolerant and uses an authenticated encryption system to secure transactions. The Tendermint consensus mechanism was developed in 2014 for the Cosmos Network. The Interchain Foundation, which is developing the Cosmos Network, continues to employ All in Bits to support Cosmos.

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