Tendermint

by Interchain Foundation

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BOScoin

by BOScoin

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Nxt

by Ardor Nxt Group

3.5/5

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Tendermint

by Interchain Foundation

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BOScoin

by BOScoin

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Nxt

by Ardor Nxt Group

3.5/5

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What problem does this service solve?

The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.BOScoin wants to make a protocol for better smart contracts that will ensure that these blockchain-based agreements will always provide a binary response.Nxt provides users a modular toolset for DApp development.

Token Stats

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Company Description

Tendermint is a consensus algorithm that was created by a company called All in Bits. The open source algorithm is Byzantine Fault-Tolerant and uses an authenticated encryption system to secure transactions. The Tendermint consensus mechanism was developed in 2014 for the Cosmos Network. The Interchain Foundation, which is developing the Cosmos Network, continues to employ All in Bits to support Cosmos.

BOScoin is a South Korean company that is developing a self-evolving cryptocurrency platform for trust contracts. It uses an embedded decision-making system called Congress Network and has a Proof-of-Stake (PoS) consensus mechanism. BOScoin is working to construct an algorithm for smart contracts that will ensure binary responses. BOScoin tries to solve this problem of undecidability of smart contracts by using a domain-specific language understandable by the average user. It also tries to mathematically demonstrate the decidability of its smart contracts’ implementation. To do this, they've introduced the concept of Trust Contracts; which are securely executable contracts based on a technology called Owlchain.

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.

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