What problem does this service solve?

The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.

Gin's goal is to allow users to set up masternodes more easily.

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.

GINcoin is designed to be a masternode-facilitating blockchain and coin. It lowers the technical requirements to set up a masternode on any blockchain. GIN can also be used as a DApp development platform. GINcoin uses a Delayed Proof of Work consensus algorithm to verify transactions.

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 GINcoin vs Phore

Tendermint

GINcoin

Phore