Stakenet vs Komodo vs Phore
What problem does this service solve?
Stakenet allows users to participate in the staking process and validate new transactions, without removing their coins from their wallets. | Komodo is a blockchain building platform. They assist clients in creating their own blockhains and decentralized applications. | Phore's goal is to enable developers to create a variety of DApps with fast transaction times. |
Token Stats
Company Description
Stakenet is a blockchain with a unique Trustless Proof of Stake (TPoS) consensus mechanism that allows users to participate in the staking process without having to freeze their coins in the wallet. It's powered by the native coin XSN and is managed by its own masternodes. Stakenet (XSN) was created to build an ecosystem that allows easy and secure offline staking and cross chain communication. It has characteristics of Bitcoin, Dash and Peercoin, that were modified for their own purposes. XSN uses the Bitcoin Core, an improved Dash masternode architecture, and Peercoin's validation mechanism for creating new blocks. | Komodo is a blockchain building platform that is focused on developing anonymity and security focused solutions. Komodo's platform, which was originally a fork of ZCash, is powered by the KMD token, and enables users to send anonymous transactions. Komodo has a delayed Proof of Work consensus algorithm. | Phore Blockchain is a Proof of Stake blockchain platform that is designed to enable decentralized transactions for a variety of applications. |