XYO Network

by XY

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Algorand

by Algorand

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BitNew Chain

by BTN Foundation

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XYO Network

by XY

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Algorand

by Algorand

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BitNew Chain

by BTN Foundation

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What problem does this service solve?

The XYO Network will allow smart contracts and DApps to use location verification services.Algorand's goal is to create a blockchain with faster transaction times and a more inclusive staking mechanism to achieve consensus.BitNew Chain aims to make it easier to develop large scale DApps that can be used with a variety of hardware. They also claim that it will enable cross-chain communication and token exchanges.

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Company Description

The XY Oracle Network is a blockchan-based location verification service. It is designed to be compatible with many devices and across different smart contract protocols. XYO uses innovative cryptographic techniques to combine real-world data with a blockchain-based system that can be used by DApps. The XYO Network was developed by a San Diego based company called XY, that makes GPS and Bluetooth devices. The company is building the network's infrastructure that will consist of location-verifying beacons that will enable smart contracts to incorporate location data. The network is powered by the Ethereum-based XYO token.

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.

BitNew Chain is building a development platform for commercial DApps. BitNew Chain aims to make it easier to develop large scale DApps that can be used with hardware. It will be based on a two-tier decentralized blockchain network with standard physical masternodes, resource segregation, a decentralized computing subsystem(BTN-DC), and decentralized storage subsystem(BTN-FS). Consensus will be achieved through a hybrid mining process that will combine Proof-of-Stake (PoS) with Proof of Masternode. The network is powered by the BTN coin.

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