XinFin Network vs CanonChain vs Algorand
What problem does this service solve?
XinFin wants to develop a hybrid blockchain that will combine the benefits of a private/permissioned platform with the transparency of a public one. | CannonChain's consensus mechanism encourages contributing network resources on smaller scales. | Algorand's goal is to create a blockchain with faster transaction times and a more inclusive staking mechanism to achieve consensus. |
Token Stats
Company Description
XinFin is a blockchain technology company that has developed the XDC protocol. XinFin's hybrid blockchain enables peer-to-peer contracts on a regulated payment infrastructure. Their goal is to create an open source marketplace platform that will reduce inequalities in global finance. | CanonChain is developing an underlying blockchain protocol based on Fog networking and a Proof-of-Participation (PoP) consensus mechanism. Their network is designed to provide incentives for contributing computing resources on fragmented networks, and is powered by the Ethereum-based CZR token, known as Xuanchi. | Algorand is a Boston based company that is developing a blockchain network with a Pure Proof of Stake (PPoS) consensus mechanism. Algorand's decentralized platform is designed to enable faster transaction times and remove some of the technical barriers of creating scalable DApps. Algorand was founded by Silvio Micali, a pioneer in the field of cryptography. |