What problem does this service solve?

VITE's goal is to make it easier for developers to issue tokens and create DApps.

Rise hopes to create a blockchain platform that will have faster transaction times and will handle larger volumes.

The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.

Token Stats

Not Relevant

Company Description

VITE is building a DApp development platform that will allow developers to issue their own tokens that can then be traded on their built-in decentralized exchange. The VITE network is currently powered by the Ethereum-based VITE token.

Rise is building a blockchain development platform with dPoS consensus. Their protocol uses a Delegated Proof-of-Stake (dPoS) consensus mechanism and will be powered by the RISE coin. They hope to significantly improve transaction times and reduce fees, while providing developers with a tool set to create DApps in several programming languages.

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.

Ratings

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VITE vs Rise vs Tendermint

VITE

Rise

Tendermint