VestChain vs Namecoin vs IPFS
What problem does this service solve?
VestChain aims to create a better performing smart contract platform. | Namecoin is used to register domain names and record domain information on the blockchain. | IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient. |
Token Stats
Company Description
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. | Namecoin is a blockchain-based DNS that allows users to register domain names with a ".bit" domain. Namecoin was the first fork of the Bitcoin protocol and it aims to remove centralized control over domain registration. It was the first cryptocurrency to use Auxiliary Proof of Work (AuxPoW) as a consensus mechanism, | The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system. |