Tendermint vs Phore vs Ubiq
What problem does this service solve?
The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem. | Phore's goal is to enable developers to create a variety of DApps with fast transaction times. | Ubiq is a fork of Ethereum aimed at increasing the stability and reliability of smart contract execution. |
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. | Phore Blockchain is a Proof of Stake blockchain platform that is designed to enable decentralized transactions for a variety of applications. | Ubiq is an Ethereum fork that aims to create a more stable smart contract platform for building DApps. Ubiq's protocol currently uses a Proof-of-Work (PoW) consensus mechanism, but will switch to Proof-of-Stake in 2019. The network is powered by the UBQ coin. |