Penta

by Penta Global Foundation PTE.LTD

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Parity Technologies

by Parity Technologies

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Tendermint

by Interchain Foundation

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Penta

by Penta Global Foundation PTE.LTD

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Parity Technologies

by Parity Technologies

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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.Parity's software makes it easier for organizations, end-users, and developers to use blockchain.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.

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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.

Parity Technologies is an influential blockchain development company that offers a variety of open-source software solutions for creating and using decentralized technologies. Some of their solutions include Ethereum and Bitcoin clients, cross-chain technologies, smart contracts, testnets, and cryptocurrency wallets. The company was created by Gavin Wood, the co-founder of Ethereum.

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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