VITE vs Tendermint vs Hedera Hashgraph
What problem does this service solve?
VITE's goal is to make it easier for developers to issue tokens and create DApps. | The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem. | The Hedera Hashgraph consensus algorithm aims enable DApps where precise ordering and time recording of transactions is important. |
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. | 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. | Hedera Hashgraph is a blockchain network that was designed to allow developers to create DApps that require higher throughput and faster settlement. Hedera uses its own consensus protocol that assigns every transaction a consensus time that is calculated as the median of the times at which each node in the network first received it. The network is powered by the HBAR coin. |