Tendermint vs VestChain vs Bytom
What problem does this service solve?
The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem. | VestChain aims to create a better performing smart contract platform. | Bytom aims to create a secondary market for physical assets registered to their blockchain |
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. | VestChain is developing a smart contract platform that will have a double layer architecture. Their network is currently powered by the Ethereum based VEST token. | Bytom is a Chinese company that is developing a blockchain platform that is specifically designed to register securities and physical assets to the Bytom blockchain. Bytom aims to create a secondary markets for these blockchain registered assets and will allow them to be tokenized. |