Stakenet vs NEAR Protocol vs HYCON
 |  |  |
| | |
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. | NEAR's goal is to serve as an open source platform that will accelerate the development of decentralized applications | HYCON's DAG/SPECTRE consensus is designed to improve blockchain performance by enabling more than one block to be added to the main chain. |
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. | 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. | HYCON is a blockchain platform powered by the Hyperconnected Coin. The decentralized platform has a Directed Acyclic Graph (DAG) architecture, and is focused on improving scalability and throughput. HYCON's SPECTRE consensus algorithm is designed to enable horizontal scalability, where several blocks can be added at the same time. \ |
