Penta

by Penta Global Foundation PTE.LTD

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NEAR Protocol

by NEAR

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Tendermint

by Interchain Foundation

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Penta

by Penta Global Foundation PTE.LTD

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NEAR Protocol

by NEAR

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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.NEAR's goal is to serve as an open source platform that will accelerate the development of decentralized applicationsThe 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.

NEAR Protocol is a decentralized application platform designed to make DApps operable on the web. The NEAR network uses a Proof of Stake consensus mechanism called Nightshade. The NEAR utility token is used for processing transactions and storing data, as well as for facilitating voting for governance issues.
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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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