Tendermint

by Interchain Foundation

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CanonChain

by CANONCHAIN.COM Inc.

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Celer Network

by ScaleSphere Foundation Ltd

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Tendermint

by Interchain Foundation

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CanonChain

by CANONCHAIN.COM Inc.

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Celer Network

by ScaleSphere Foundation Ltd

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What problem does this service solve?

The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.CannonChain's consensus mechanism encourages contributing network resources on smaller scales.Celer Network's goal is to create a blockchain platform with improved liquidity and connectivity.

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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.

CanonChain is developing an underlying blockchain protocol based on Fog networking and a Proof-of-Participation (PoP) consensus mechanism. Their network is designed to provide incentives for contributing computing resources on fragmented networks, and is powered by the Ethereum-based CZR token, known as Xuanchi.

Celer Network is developing a layer-2 scaling platform that aims to enable fast and secure off-chain transactions and off-chain smart contracts. The Celer Network hopes to enable developers to create scalable DApps by increasing the off-chain functionalities of blockchains.

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