Solana Blockchain

by Solana Labs

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Penta

by Penta Global Foundation PTE.LTD

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IOST

by IOST

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Solana Blockchain

by Solana Labs

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Penta

by Penta Global Foundation PTE.LTD

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IOST

by IOST

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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.Penta does not appear to solve any problems better than existing blockchain platforms.The Internet of Services Token is focused on improving overall blockchain speed and performance.

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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.

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.

IOST (Internet of Services Token) is a blockchain platform that is focused on improving transaction speed and scalability. IOST has a unique Proof of Believability consensus mechanism that is based on past contributions and behavior.
The company claims that their platform will increase security and efficiency compared to other platforms. IOST uses a sharding technique that splits the network into smaller ones and randomly assigns tasks for the nodes on the network.

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