Tendermint

by Interchain Foundation

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Matic Network

by Matic-Network India LLP

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Celer Network

by ScaleSphere Foundation Ltd

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Tendermint

by Interchain Foundation

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Matic Network

by Matic-Network India LLP

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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.Matic provides scalability for DApps and smart contracts.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.

The Matic Network is a sidechain based scaling solution for public blockchains. Matic aims to allow developers to better scale their Ethereum DApps by using a version of Plasma, along with side chains that use a PoS consensus mechanism. Matic plans on supporting other blockchains as well in order to facilitate interoperability.

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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