Solana Blockchain

by Solana Labs

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Harmony

by Harmony

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NEAR Protocol

by NEAR

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Solana Blockchain

by Solana Labs

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Harmony

by Harmony

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NEAR Protocol

by NEAR

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What problem does this service solve?

Solana allows developers to create DApps with faster performance by separating the consensus process from the recording of transactions.Harmony's goal is to create a consensus mechanism that will scale for larger networks.NEAR's goal is to serve as an open source platform that will accelerate the development of decentralized applications

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Company Description

The Solana blockchain uses an innovative Proof of History mechanism to confirm transactions that are recorded on the network. Solana is designed to separate the consensus process from the flow of transactions. This is done with a recursive, verifiable delay function that hashes incoming transactions, and recording information as a function of time. Every node on the Solana blockchain is assigned a cryptographic clock that enables the network to determine the time and ordering of transactions, without having to wait for consensus from other nodes. By separating the process of transaction verification from their recording, a higher throughput is achieved without sacrificing network security.

Harmony is developing an open consensus blockchain platform. Harmony's sharding-based consensus mechanism is designed to scale as the number of nodes increases in the network. Harmony aims to tackle issues related to scalability by optimizing across multiple layers in a way that will enable parallel transaction processing with reduced latency. Harmony is currently powered by the ONE token, which is built on the Binance blockchain.

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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