Tendermint

by Interchain Foundation

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ChainLink

by SmartContract

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Truffle

by ConsenSys

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Tendermint

by Interchain Foundation

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ChainLink

by SmartContract

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Truffle

by ConsenSys

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What problem does this service solve?

The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.ChainLink wants to solve the connectivity problem facing smart decentralized applications. By connecting smart contracts to external data resources, many potential use cases for blockchain can be opened up.Truffle is a blockchain development suite that makes it easier to create DApps.

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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.

ChainLink is developing the LINK Network, which will enable connected smart contracts. LINK will provide smart contracts with a variety of external data and access to APIs. ChainLink's goal is to solve the connectivity problem that plagues smart contract based systems, and discourages mass adoption. Many decentralized applications are unable to connect with important external data sources due to limitations involving their consensus protocols. The LINK network wants to connect their smart contracts with external systems and APIs by using secure middleware.

Truffle is one of the leading providers of blockchain development tools. The Truffle platform consists of three tools that are designed to assist developers in creating DApps: Truffle, Ganache and Drizzle. Truffle is a testing framework for DApps using the Etereum Virtual Machine. Ganache allows users to easily create a personalized version of the Ethereum blockchain to run tests and execute commands. Drizzle is a collection of front-end libraries that help developers create user interfaces for DApps.

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