Tendermint

by Interchain Foundation

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QuarkChain

by QuarkChain

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Celer Network

by ScaleSphere Foundation Ltd

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Tendermint

by Interchain Foundation

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QuarkChain

by QuarkChain

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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.QuarkChain hopes to create a more scalable blockchain platform that will have faster transaction times.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.

QuarkChain is building a blockchain with a focus on speed and scalability. They hope to significantly improve transaction times and reduce fees with an architecture that will rely on a two-layered blockchain and elastic sharding. QuarkChain uses a hybrid Proof-of-Work (PoW) consensus mechanism that is ASIC-resistant. Transactions are first confirmed on one blockchain layer, and then on the second. The network will be powered by the QKC coin.

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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