Tendermint

by Interchain Foundation

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CanonChain

by CANONCHAIN.COM Inc.

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Ignis

by Jelurida

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Tendermint

by Interchain Foundation

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CanonChain

by CANONCHAIN.COM Inc.

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Ignis

by Jelurida

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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.Ignis allows users to create DApps on the Nxt blockchain. It's vision and benefits are somewhat unclear.

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.

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.

Ignis is a blockchain platform that is being developed by Jeluirda; the company behind Ardor and Nxt. Ignis is a child chain of the Nxt blockchain. Jelurida is developing blockchain platforms that will enable users to develop decentralized applications, and will be based on a parent and child chain architecture.
Ignis allows users to create child chains with specific features and to create tokens that meet their needs. This project is closely related to Ardor and Nxt.

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