Solana Blockchain

by Solana Labs

(0)
View Profile

Nxt

by Ardor Nxt Group

3.5/5

(1)
View Profile

Klaytn Coin

by GroundX

(0)
View Profile

Solana Blockchain

by Solana Labs

(0)
View Profile

Nxt

by Ardor Nxt Group

3.5/5

(1)
View Profile

Klaytn Coin

by GroundX

(0)
View Profile

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.Nxt provides users a modular toolset for DApp development.Klaytn aims to improve blockchain usability and transaction speeds by employing a hybrid architecture and consensus mechanism.

Token Stats

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.

Nxt is a blockchain platform developed by Jelurida, which is also developing the Ardor blockchain. Nxt's goal is to improve upon existing blockchain platforms with a modular toolset that enables users to create their own digital assets that can be listed on decentralized marketplaces. Nxt also features community driven voting mechanisms and has an architecture that separates the blockchain into parent and child blockchains.
The network is powered by the NXT token and has a Proof-of-Stake (PoS) consensus mechanism.

Klaytn Coin is the native currency of the Klaytn blockchain. It was developed by the South Korean internet giant, Kakao and is operated by its subsidiary Ground X. Klaytn Coin is designed to power an enterprise-grade, service-centric platform that brings a user-friendly blockchain experience to its users. It has a hybrid architecture that combines elements of public and private blockchains. Klaytn uses an optimized version of the Istanbul Byzantine Fault Tolerant consensus algorithm. There are three types of nodes, CN (Consensus Node), PN (Proxy Node) and EN (Endpoint Node). CNs are managed by CCOs (Core Cell Operators) and are in charge of block generation. These blocks are verified by all nodes in the network.
It has partnerships with multiple prominent companies, including Binance, which serves on their governance council, and several large South Korean banks and technology companies. The company also plans to integrate with OpenSea's NFT marketplace to allow Klaytn-powered NFTs to be sold more easily.

Ratings

(0)

4/5 (1)

(0)