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.

Phore's goal is to enable developers to create a variety of DApps with fast transaction times.

Token Stats

Not Relevant

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.

Phore Blockchain is a Proof of Stake blockchain platform that is designed to enable decentralized transactions for a variety of applications.

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Tendermint vs CanonChain vs Phore

Tendermint

CanonChain

Phore