The current problem with decentralized applications is that they are slow, can’t handle many users, and can be costly in fees for their usage. Besides, they are more or less blockchain specific, and users need to understand and work with those technologies to participate on the decentralized platform. This limits the possibility of global adoption as it creates a lot of friction for the end-user.
This is the problem aleph.im aims at solving by positioning itself as the layer 2 blockchain solution for decentralized application that works cross-chain and provides the infrastructure for storages/databases and computing to ensure users have a fast, free, and simple experience with using dApps.
The data needed as an example for a social media app couldn’t possibly be run on the blockchain as we know it. To include that data into a block would be very costly; it wouldn’t be feasible for the user and disincentivize users to be active. Also, the data throughput would depend on the block time and so on.
Aleph.im provides the solution for decentralized applications to be faster, safer, more cost-effective, and scalable. It acts as the layer on top of the immutable record with whom the user first interacts and that signs messages to the blockchain on their behalf.
Designed in this way eliminates delays, costs, and onboarding friction while keeping the immutability and decentralization of those dApps.
Cosmos Network is the continuation of the blockchain evolution from Bitcoin being unprogrammable to Ethereum, which allows programmability but still has time scaling. Its isolated network is focused on building a solution that fixes these issues. Instead of being another separate blockchain, it is rather an ecosystem of blockchains, with the Cosmos Hub being the main point of connection between its other parallel chains.
In order to solve the current main problems with blockchains like usability, interoperability, and scalability, it implements an entirely new structural design, Proof-of-Stake consensus mechanisms, communication protocol. It provides various tools as an SDK in order to increase the ease of development.
The cryptocurrency associated with the network is Cosmos Hub’s ATOM and is the native token of this blockchain, the central point in the network of independent parallel blockchains that are each powered by classical BFT consensus algorithms like Tendermint. These parallel blockchains are referred to as zones and are connected with the Hub through the Inter-Blockchain Communication protocol (IBC).
Hacken is a cybersecurity expert group that includes companies and individuals working as cybersecurity consultants and offering related services for both non-blockchain and blockchain-based projects. It was established in 2017 with headquarters in Kyiv but operated globally and is a trusted partner of Vechain, CMC, Oneledger, AirAsia, and many more.
Hacken Group is the umbrella entity behind Hacken Cybersecurity Services and its other solutions and platforms such as CER.live - exchange certification and audit platform, HackenAI - mobile app to control your personal security; and HackenProof - crowdsource security bug bounty platform.
Specializing in blockchain security, it offers services in:
Blockchain protocol security
Ethereum contract audits
Eos contract audits
Tron contract audits
Hacken has become a big name in the cybersecurity world, establishing itself as a leader in the blockchain space, especially due to their product regarding cryptocurrency exchange security auditing and ranking.
The group is an ecosystem of Big Four professionals and white hat hackers who fledged to provide services to private individuals and companies and blockchain projects. Their vision is to build a solid foundation of products, scale new and existing solutions, and ensure the mass adoption of our native utility token, HAI.
The ecosystem’s native token HAI serves to fuel the development of these products and services and is used as an exclusive payment option within the Hacken Foundation, the online marketplace where pre-approved cybersecurity specialists can come and offer their services to other companies or individuals.
Establishing this structure aims to increase security and trustworthiness in the crypto space by providing incentives for cybersecurity specialists to contribute their expertise to the upcoming projects or enhance the existing ones.
Plutus is a FinTech that operates an application for facilitating transactions and payments both in fiat and crypto. It does so by enabling its users a wide range of benefits and additional tools. Some of the most important ones are its not custodial nature for crypto, as it lets users keep their crypto in their wallets, and having a virtual bank account info like a SWIFT and an IBAN (for Europe) and acc number/sort code for the UK.
Being built in this way, the application lets you manage all of your funds from one place and in addition, offers a VISA debit card for spending funds in stores and online with over 60 million merchants worldwide. One of the benefits of using the card is a 3% reward emitted upon payment in Pluton token and up to 15% crypto rewards at selected retailers. Pluton (PLU) is the platform’s native cryptocurrency and is an ERC20 token that acts as the world’s first decentralized loyalty token.
A built-in decentralized exchange enables exchange between fiat and crypto and offering a gateway to the decentralized economy. With a non-custodial wallet, crypto is converted Peer-to-Peer.
All of the crypto transactions are done in a decentralized manner as Plutus verifies crypto transactions between buyers and sellers on the blockchain without ever having to touch the users’ assets. Fiat currency is managed under the FCA guidelines that ensure funds are held in a segregated account to protect your deposits.
Morpheus Network is a supply chain solution for managing and tracking product delivery, shipping, and other logistics on the blockchain. The problem with the current supply chain management is that it involves multiple actors located globally, which can create a lot of unreliable data. This is due to many inconsistencies in reporting standards and different policies for different companies and jurisdictions they operate in.
Utilizing blockchain technology as a middleware platform in these operations guarantees immutability and standardization of the tracking and reporting process, solving inefficiencies in the supply chain management. Multinational companies lose tons of money every year due to a lack of transparency, connectivity, and agility in the global supply chain. As these companies deal with customs, paperwork is needed, which has to be signed, stamped, and approved so one single error can cause delays that can spoil the shipment and result in a considerable loss.
Morpheus Network combines blockchain smart contracts with emerging technologies such as IoT, AI, and RFID chips to secure automated management of the supply chain processes. This enables item visibility and optimizes safe and secure supply chains saving time and money.
Boson protocol is building a Web3 dCommerce primitive for conducting commerce in a decentralized autonomous way, integrating real-world commerce and its data with smart contracts. Instead of using centralized market coordinators that serve as intermediaries between buyers and sellers, Boson Protocol offers a solution to perform these transactions in a trustless way that minimizes human arbitration.
Bitcoin is a cryptocurrency whose transactions are irreversible. This means that another transaction must be generated in the case of customer dissatisfaction, fraud, or refund request. There’s no escrow or a dispute mechanism that can facilitate commerce with having in mind user protection. Also, if the seller is to make a refund, he would have to incur a loss in transaction fees in order to send back the money.
Problems like these require a middleware solution on top of the existing layer-1 infrastructure (Currently Boson uses Ethereum) that will provide these additional functionalities to cryptocurrency transactions in order to render them useful for the exchange of real-world goods or services.
The protocol will provide an SDK and composable dCommerce lego bricks for developers to enable marketplaces, centralized and decentralized exchanges, DeFi projects, and virtual worlds to add dCommerce functionality to their businesses. . Boson enables builders by providing software development kits and grants (via a dCommerce DAO) for the development of these applications as a means to disrupt, demonopolize and democratize commerce.
The core of the technology utilizes Non-Fungible Tokens in a novel way:ommitment Tokens, which represent the commitment to transact a Thing (product or service) in the real-world. Being built in this way, the Boson protocol aims at fostering an ecosystem of decentralized applications that will power the new dCommerce future.
In order to succeed in these efforts, Boson Protocol provides a composable dCommerce stack and is developing a library of developer tools and reference applications such as a decentralized marketplace for Things and a p2p app for real-world redemption. Its dCommerce DAO is a community-governed DAO for funding projects which build these applications in the Boson Protocol ecosystem.
LTO Network is a hybrid blockchain for B2B use in securing, verifying, and exchanging business-critical information like contracts, workflow documents, and so on. It aims to bring digitalization and automation of business processes and put it on an immutable record like the blockchain.
This solution aims at solving vague and unreliable business processes by eliminating the possibility of a human error in the chain of communication between corporations. It does so by introducing Live contracts that act as an extended finite machine in which states are dependent on the conditions they are in and are represented by graphs that can be read by humans and computers alike.
The project is focused on bringing both privacy and transparency by separating data sharding from achieving the network consensus and building two separate layers - public and a private event-driven chain. It combines private chains with a public Leased-Proof-of-Stake blockchain that is also GDPR compliant.
Building a blockchain can ensure that data can be immutable and verifiable, which is necessary for big data-driven corporations. It has to be allowed that data can be managed, which is why the new technological design.
Radix is the first layer 1 protocol specifically built for Decentralized Financial applications. Since DeFi has specific needs, then other decentralized applications most applications are built on top of Ethereum which comes with some downsides. This is why Radix took the approach of building a new distributed ledger model to support decentralized applications more reliably, redesigning the consensus mechanism, smart contracts, and tokens.
In Ethereum, the token is merely a representation of balance in one wallet, and the change of balance in one directly impacts the change in balance in the other. This can create many problems in DeFi applications due to bad coding or other issues with smart contracts working together in a composable way.
Radix focuses on simplicity and control. While in competing platforms we see exploits on a daily basis, due to smart contract issues. In Radix, smart contracts are finite state machines that are easy to analyze, thus reducing the possibility of errors, bugs, and exploits.
With its unique design, it aims to solve some of the key problems currently faced by DeFi applications on Ethereum as the blockchain that is currently leading in the number of Dapps. These problems are:
The project also makes a key focus on developers building these applications because if they can do a better job, DeFi products can be better. This is why they have built this new model having in mind the needs of developers and their specific problems.
These problems are each associated with four crucial layers of a complete DeFi platform stack:
On the chart below, you can see these problems and their solution counterparts that have been developed by Radix.
Sentivate Network is a Web 3.0 solution that aims at building an infrastructure to replace the existing web. Its hybrid model between decentralized and centralized solutions promises to achieve greater speed, increase safety, and scalability than other strictly centralized or decentralized solutions can.
Its approach is revolutionary instead of evolutionary as they want to replace the whole infrastructure with their proprietary one and mitigate the World Wide Web to their Universal Web, which is centralized focused and enhanced with decentralized components.
The problems that the project outlines with the current internet architecture are bandwidth crisis, outdated protocols, broken DNS, lack of accountability, lack of identity, reactive security, Domain rules, and web categorization.
Sentivate addresses the following issues by providing new solutions like the Universal Data Stream Protocol, a UDP based low-latency, real-time, bi-directional, encrypted, and reliable Data Transport Protocol to replace to current HTTP; Universal Domain System with Domain Certificates, Domain Registrar, and Domain Information System to replace the current DNS; and Universal Identity System with Identity Certificates and Identity Registrar to increase accountability and security on the internet.
Instead of web applications, Sentivate Network introduces a new concept of hApps (hybridized applications) that can reduce bandwidth and increase throughput by working in a single-page-applications self-constructing manner.
The network currently uses an SNTVT utility token, which is an Ethreum based ERC20, and serves to facilitate early-stage network participation like development and voting until the migration to their VIAT token is made.
They have also recently entered the DeFi market. In collaboration with Value DeFi Sentivate and Value launched the the world's-first liquidity mining program using the one-click solution of Value Liquid technology. You can read all the details about the programm here.
Gather project aims to help bridge the gap between interrupted user experience and monetization for publishers and businesses. Bloggers, content creators, etc. usually monetize their website via ads or sponsorships to provide a free service for the visitor/user. But that creates a bad user experience and an incentive to make posts longer, embedding further advertisements.
Gather aims to disrupt this model by monetizing users time; it collects the users processing power, of course, under his upfront consent. This computational capacity can be gathered and sold for profit and to be used as processing power by developers/companies for mining cryptocurrency, cloud-based computing, and so on.
In this way, it creates a win-win solution for both the end-user and the website/application it interacts with as it generates revenue in the background. It does so via the Gather coin (GTH) by incentivizing users to give their processing power in return for the token.
Nash is an all-inclusive digital assets platform built to have no control over traders’ funds. It is a platform for payment services and decentralized crypto trading. Nash identified several major challenges in the crypto space and sought to address each of these challenges with unique ideas never implemented in the space before. Before Nash, attempts to build non-custodial, decentralized exchanges on the blockchain faced the following challenges:
Together with other revolutionary products, the Nash team successfully built a non-custodial, decentralized exchange that can offer speed and functionality comparable to leading centralized platforms. Being “Non-custodial” makes Nash significantly more secure. Nash lets its community invest in digital currencies, store them securely, trade, and make payments with total custody over their assets.
Nash is a more impregnable platform compared to other exchanges dominating the cryptocurrency space at the moment. It also has a better performance compared to most non-custodial platforms in terms of speed. The well thought out interfaces is designed to be accessible for beginners.
TomoChain is a proof-of-stake blockchain for building decentralized applications maintained by the Masternode network. It is an Ethereum Virtual Machine - compatible blockchain and has its own Proof-of-Stake Voting (PoSV) consensus with a novel reward mechanism that enables some of the key features like low transaction fees, faster confirmation time, double validation, better security, and low probability of forks.
It tackles some of the core problems of today’s blockchains like scalability, speed, security, and fork creation by focusing on the following key concepts:
It comes with three key protocols, TomoX, for launching a DEX, TomoZ, for launching a token, and TomoP that enables the on-demand privacy layer.
DeFi Money Market is a project that enables users to earn high interest on their crypto deposits. Unlike other projects, it does so by tokenizing real-world revenue-generating assets like real estate, cars, art collections, aircraft, precious stones, and so on. Purchased assets can be easily verified as they are presented transparently, and all of the current assets held by the DMM Foundation can be viewed on the DMM Explorer.
Their wrapped token represents these assets with the prefix m (mToken). For example, collateralized stablecoins DAI and USDC with ETH, which is currently accepted, are represented as mDAI and mUSDC and mETH. You can start depositing those tokens, wrapping them up, and start earning 6.25% APY (Annual percentage yield).
The interest rate is lower than the revenue generated by the underlying assets, meaning that the DMM platform is over-collateralized to ensure a stable return. Even though the return is expressed annually, the user can easily swap back their wrapped mTokens back to the deposited crypto plus the interest earned up to date.
Source: DeFi Money Market - Whitepaper
Another token in the DeFi Money Market ecosystem is the DMG, which is the governance token and is used by the holder to vote assets and participate in the development and management of the ecosystem as well as earn an extra 5.5% generated by the platform as a means of incentivizing them to participate.
DMM platform bridges the gap between digital assets and physical revenue-generating ones to provide a stable and high interest, solving the volatility problem in the first and low (zero)-interest rate in the second. The user can deposit ETH or any digital asset on the Ethereum blockchain (other ERC tokens) and get an equivalent wrapped mToken that represents the underlying digital asset in the same amount. When the user wants to withdraw his deposit, he returns the original digital asset plus the smart contract's specific yield and earns until the due date.
Another interesting feature of the platform is that the users don't have to pay gas fees for these transactions. This is ensured by integrating delegated payments on the Ethereum network and enables further flexibility, profitability, and convenience for the user, knowing that he can withdraw funds without paying the fee so that his short-term deposits meant something.
RioDeFi is a technological company behind Rio Chain that aims to bridge the gap between decentralized and centralized finance by connecting business, financial institutions, and banks to the blockchain. With its unique hybrid federated blockchain model built with the Substrate software development framework, it creates a block every 2 seconds. It is interoperable as it utilizes Polkadot’s cross-chain compatibility. It uses a consensus mechanism called Proof of Authority, which allows for a transaction speed of over 3000 transactions per second as it adopted Substrate’s Aura and GRANDPA algorithm.
RioDeFi solves the problem of slow speeds, low transaction throughput, lack of user-friendliness, and incompatibility with existing systems by taking a more centralized approach in the blockchain design. Thus all the parameters are set, run, and managed by the foundation and its starting participants.
It will provide a base layer for an ecosystem of decentralized finance applications. These solutions will include many popular financial products and services, such as lending, borrowing, payment gateways, stablecoins, e-commerce, etc. Dapps will be written in the RUST programming language that is intended to be used for large systems and protect their integrity.
Cryptocurrencies have been developed to substitute money and enable easier, faster, cheaper, and censorship-resistant commerce. One of Bitcoin's main cornerstone questions whose positive answer would signal success was: Can you pay coffee with it?
Despite the tremendous success that Bitcoin has achieved in mainstream awareness, it has been adopted as it intended to be used - digital cash to be primarily used for transacting over the internet for goods and services. Why is that?
Mainly because as it is today, when crypto leaves your wallet, it stops being your money, and with it, a set of problems occur that enable efficient commerce. First being that there isn't any incentive for the one at the receiving end to deliver the agreed value in exchange, e.i. There isn't a consumer protection mechanism.
A buyer can send cryptocurrency to an address, but who guarantees that this address to which he sends crypto is the real seller's address or that he will, in return, deliver on his service, and how can a buyer be safe and claim a refund in case this happens?
On the other side, sellers that want to receive value would like to receive a fixed and predetermined amount (cost of goods or services), and with the high volatility of crypto, that isn't possible. Every purchase is made for an equal amount, or the sellers don't have any certainty in doing business.
There is also a matter of preference. With so many cryptocurrencies out there, it might be difficult for the buyer and the seller to agree on a particular coin they want to transact. Also, there are high fees associated with exchanging them into fiat and bringing back that value into the real-world.
UTRUST is a payment gateway solution that allows buyers to purchase goods and services with their preferable crypto and sellers to receive FIAT, ensuring price stability and facilitating commerce. All this while maintaining an industry-standard in buyers' protection like chargeback and refunds, holding the seller's funds in escrow until services are delivered. This is why the platform positions itself as a layer of trust between the value exchange.
Acting as a mediator, UTRUST utilizes cryptocurrency transaction advantages - cheap, fast censorship-resistant payments while offering the seller a hedge against its number one disadvantage - price fluctuation. With the consumer protection and dispute resolution system, it can be annotated as the crypto-contender to PayPal. With its UTK native token, it can also act as an incentive mechanism and bring on-chain loyalty programs to the marketplaces and stores.
Waves tagline is “Innovations of tomorrow for people of today”. They go on to say: “ .. advancing technological frontiers for the pioneering developers of tomorrow and adopting them for every-day practical implementation.
The name Waves refers to the account driven open blockchain platform for exchanging value over the internet in a decentralized way and its SDK tools (Software development kit) for developing Web 3.0 applications. It uses its native WAVES token to perform transactions that are different for token transfer transactions and data transactions. Like Ethereum, it has smart contracts, a programming language called Ride, the possibility of creating custom tokens (smart assets), and decentralized applications.
It's governed towards ease of use for the end-user to utilize blockchain's power by increasing simplicity and feasibility in development or plain participation, thus reducing entry barriers and lowering onboarding friction on to the blockchain.
It's governed towards ease of use for the end-user to utilize blockchain's power by increasing simplicity and feasibility in development or plain participation, thus reducing entry barriers and lowering onboarding friction on to the blockchain.
It uses leased proof of stake consensus mechanism (LPoS), allowing users to lease their tokens to a Waves node, which validates transactions, earning a percentage of the node payout as a reward. The more tokens the leaser stakes, the higher the chance for that node is to find the block, thus the higher chance of getting the reward. A minimum of 1000 WAVES tokens is needed to run a node while there isn't a minimum for leasing to the node.
Interoperability is yet another feature of this blockchain managed through the Gravity protocol solving the problem of fragmented data throughout the cryptocurrency market and real-world databases. Gravity is a blockchain-agnostic oracle and serves as a cross-chain communication network in a fully trustless decentralized way. Unlike other blockchain-based oracles, it runs without a token that guarantees that it doesn't favor any particular one.
A third protocol component in the Waves ecosystem is its Neutrino protocol for that enables the tokenization of real-world assets such as USD into USDN whos price stability is ensured by Algorithmic stability and The Neutrino system base token (NSBT) as a reserve currency locked in the smart contract. This is mainly governed by enabling DeFi and creating a stablecoin USDN, which can be staked for a sustainable yield of 12-15% APR.
Waves platform also has its decentralized exchange (DEX) on which you can trade and invest in traditional cryptos as well as created custom tokens and smart assets.
Serum is the world's first completely decentralized derivatives exchange with trustless cross-chain trading brought to you by Project Serum, in collaboration with a consortium of crypto trading and DeFi experts. While we built the Serum protocol, it is permissionless – we do not hold special power anymore. It is up to you, the crypto community, to use it as you will.
Decentralized exchanges and DeFi technology has experienced a boom. But the growing demand and increase in user base have brought to light some fundamental problems.
|Speed and cost have been the first apparent issues when it comes to DeFi. The fee cost is unclear in advance and can vary and go to several dollars per trade and get minutes to go through. In finance, that is very slow, expensive, and non-cost-effective, especially because centralized exchanges can meet these needs.|
|Centralization is the next major issue with what’s supposed to be Decentralized finance as almost every Defi project bottoms out at the centralized oracle or a counsel of token holders. Or even to the team of the protocol itself. This creates again a central point of failure exposed to exploitation.|
|Stablecoins have to be by nature centralized as they are tied to the physical dollar bill or its equivalent amount as the banks aren’t on the blockchain. The current solutions have been more or less decentralized from Tether to USDC to DAI, but there were always tradeoffs to be made.|
|Orderbooks are highly crucial for traders as they can reliably and trustworthy exchange their assets on automation and at the fixed price. Some of the current solutions like Uniswap and Kyber Network have eliminated this exchange mechanism, but this is only suitable for a market participant from the user bracket. For serious traders and investors having an orderbook is a must.|
|Finally, the lack of cross-chain support. Almost all of the DeFi projects are exclusively in the Ethereum ecosystem and only enable exchanging ETH and ETH based assets. There are some cross-chain solutions, but again they are not being decentralized enough as, in the end, rely on the centralized entity to provide truth.|
Project Serum is a fully-decentralized cryptocurrency derivatives exchange that operates on the Solana blockchain. While being fully-decentralized and built on Solana, it has a full working capacity of centralized exchanges with an order book and fast order execution. On the other hand, it supports cross-chain swaps, enabling you to exchange coins between chains in a trustless and permissionless way.
It’s ecosystem consists of seven ingredients:
1.) Serum token (SRM): A utility and governance token of the ecosystem benefits its holder with voting rights, discounted fees, and interest from fees generated by the platform usage.
2.) Cross-chain Support: Introducing smart contracts with collateral instead of nodes to perform the escrow service for exchanging coins from different chains.
3.) Order book: The order book is automated and on-chain with the option of sending a limit order, allowing users to submit specific orders.
4.) Ethereum and Solana integration: Solana is an interoperable blockchain with smart contracts and multiple settlement cycles per second at a low cost.
5.) Physical settlement for cross-chain contracts: Trading custom contracts allows the user to take on leveraged positions in any products that Serum has markets for – including cross-chain, physically settled contracts.
6.) SerumBTC: BTC tokenization with Serum contracts on Solana and Ethereum, creating another equivalent of interchangeable SerumBTC.
7.) SerumUSD: Stablecoin basked creation through the smart contract operation like in the case of Bitcoin, wrapping multiple stablecoins and creating an equivalent SerumUSD.
The Pirate Chain is an asset chain part of the Komodo platform (which is a Zcash fork) ecosystem. Pirate started on the 29th of August 2018 in a Discord server as an idea of a 100% zk-SNARKs coin. Now the Pirate Chain is a fully private cryptocurrency and shielded blockchain originating from the Komodo ecosystem. Pirate solves Zcash’s “fungibility problem” through the elimination of transaction functionality to transparent addresses in its blockchain, making private usage “fool-proof”. This feature results in a fully shielded user coin base in Pirate Chain. By consistently utilizing zk-SNARKs technology, Pirate leaves no usable metadata of user’s transactions on its blockchain. All outgoing transactions other than mining block rewards and notary transactions are sent into shielded Sapling addresses maximizing the efficiency and speed of its chain.
The Pirate Chain community was initially uncertain about whether centralized cryptocurrency exchanges would list Pirate because of its lack of transaction transparency. However, the use of Z-addresses has gotten them around this.
Vectorspace AI is a San Francisco based startup and is created by a team with a deep background in science, technology, and financial markets. They are specialized on-demand data and dataset companies with a focus on revenue-generating customers which are trillion-dollar asset management companies, funds, and other financial institutions.
Vectorspace AI enables data engineers and scientists to save time by testing hypotheses or running experiments for additional data interpretations from improving music and movie recommendation systems to enabling research or discovering a hidden relationship in nature. Vectorspace AI finds correlations between data and can help for example hedge funds and asset management companies generating ALPHA (the term ALPHA is a measure of the active return on investment).
Additionally, you can also listen to this great podcast where the Twitter content creator Mr. Backwards interviews Kasian Franks the CEO of Vectorspace AI.
CloakCoin is a cryptocurrency project with the aim to provide a secure, decentralized and untraceable network for anonymous transactions. CloakCoin was launched in 2014, and is based off Bitcoin’s codebase applying the Proof-of-Stake (POS) consensus algorithm to Bitcoin’s UTXO model.
The CloakCoin network has undergone major changes since the initial release, but it stayed decentralized and distributed in nature.
Over the last a couple of years, there has been an addition of encrypted layers of communication and an off-blockchain coin mixing system to ensure messages broadcasted over the network and transactions remain private.
Chiliz, powering the platform Socios.com, is an ecosystem for improving engagement between fans and their favorite sports or esports team. The fans get to be closer to their favorite club and get involved in a limited capacity to influence certain aspects of team management. The sports organizations, on the other hand, can improve their communications and relations with the fans, which should lead to increased fan commitment and loyalty.
In what Chiliz calls radical fan engagement, the aim is to provide a platform that enables an exchange between fans and their favorite team with a voting system that is designed to be difficult to compromise. The fans get voting rights to guide some of their favorite teams’ management and strategy decisions with the help of blockchain technology. With Chiliz powering the Socios.com platform, fans can fund, support, and promote any sports or esports organizations. In turn, teams, leagues, or event organizers from any corner of the world can monetize fan demand.
Chiliz and Socios.com have potentially created a crowd management platform for teams, leagues, events, and games across multiple sports.
The Ocean network is designed to help to unlock data, and specifically for AI applications. It is planned to be used at scale and uses blockchain technology
that allows data to be shared and sold in a safe, secure, and transparent manner.
While tremendous amounts of data are generated each year, data exchange and analysis have been hampered due to concerns over trust and security. Currently, many organizations have data but don’t have the trusted and secure means to share it and gain insights from it. At the same time, the improvement of AI models hinges on more data that can be accessed. Right now, a handful of companies have both AI and data capacities, and if data remains locked up, the development of AI could cluster around a few companies.
Ocean Protocol connects through blockchain technology and tokens, data providers, and consumers, allowing data to be shared while guaranteeing traceability, transparency, and trust for all stakeholders involved. It is designed to give data owners control over their data assets and prevent them from being locked into any single marketplace.
By bringing together decentralized blockchain technology, a data-sharing framework, and an ecosystem for data and related services, Ocean Protocol aims to kick-start a new Data Economy – wherein access to data is democratized and fair.
Nexus is a peer-to-peer network that seeks to improve on current blockchain technology by enhancing the security, scalability, and speed of current blockchain protocols.
The project is uniquely tackling this, using a quantum-resistant 3D blockchain together with plans to build a distributed network of low-orbit satellites.
Based on interoperable blockchain technology, Sentinel Network aims to utilize multiple chains to create a decentralized solution for resource sharing withgovernance and fair incentivization.
As team stated on their AMA, “Sentinel is a distributed Resources and Services marketplace with bandwidth as the first resource and dVPN as the first dApp or Service running on the Sentinel Network. There are additional Services like Sentinel dChat, aka Sentrix that utilize both storage and bandwidth on the Sentinel Network.”
So far, the project focused on blockchain-based decentralized VPN/Security Suite project. dVPN is the project’s first & flagship dAPP, and it is based on a peer to peer technology. It means that the network runs because of people's support - no central server. They aim to step away from centralized servers and build something that can not be monitored by governments. To achieve this, they realized early that they need to incentivize people who share unused bandwidth with dVPN customers.
dVPN allows a person to use the VPN service or help the VPN by sharing unused bandwidth with other people in the network. If you host a Service Node for the dVPN service (contribute network bandwidth and other resources by hosting), you can monetize your resources & earn SENT.
Beam is an open-source cryptocurrency that is powered by a novel blockchain technology named the Mimblewimble protocol. The team is aiming to create a best-in-class privacy coin by offering a winning combination of privacy, usability, and eventually opt-in compliance.
According to their latest Roadmap Update, they will focus their work on Atomic Swaps, Hardware Wallets. They will also work on extending the Beam ecosystem by adding Confidential Assets, i.e., the ability to issue additional coins/tokens on top of the Beam protocol. The team will also be working on further improving the privacy of the protocol by adding Lelantus-MW - an adaptation of Lelantus privacy protocol to Mimblewimble. Other items on the 2019 roadmap include multisig Tor/I2P integration. Beam also plans to invest resources into the development of opt-in compliance features.
Beam holds the crown for being the first live network that implemented the Mimblewimble protocol. Beam is written in C++ and expands on the original proposition of Mimblewimble with some additional features.
The Constellation network is designed to allow the secure processing of data while guaranteeing data integrity and the possibility to audit the data trail – which is especially desirable for Big Data solutions. Data can be fed from devices, sensors, or any other data sources and allows enterprises or developers to integrate these data easily feeds into existing applications via APIs.
By implementing a new protocol based on the direct acyclic graph (DAG) technology and leveraging customizable state channels, Constellation makes the integration of distributed ledger technology for data sources into existing data pipelines seamless.
Constellation aims to become an open, permissionless, global network of nodes. As such, any computational entity, such as smartphones, IoT devices, or computers, can be part of the network – whether to provide data feeds or resources to the network.
Stakenet started its journey as POSW back in late 2016. After the initial development, the team abandoned POSW. Later X9 development team took over and used POSW as a base starting point for Stakenet and began transitioning. The project is rebranded to Stakenet at the end of Q1 2018, and a chain swap happened during that time. The project is a POS (TPoS) blockchain & also supported by Masternodes. TPoS enables users to stake their coins offline directly from their local wallets or hardware wallets like Ledger & Trezor (Stakenet’s hardware wallet Viper is also in their roadmap).
They aim to provide simple & easy to understand (even by non-technical users) features - products to build an integrated decentralized ecosystem with cross-chain interaction possibilities.
In their words:
“Stakenet's mission is to make the XSN framework an ecosystem for cryptocurrencies, to access all their features from one single place, that can’t be hacked, shut down, corrupted or abused. Creating a truly decentralized, private, and trustless profit-driven economy for cryptocurrencies.”
Their own coin $XSN is aimed to be used as default currency as the legal tender and gas for the entire interchain ecosystem.
“XSN Cloud” is a product they offer for carefree staking solutions of various PoS projects such as PIVX & Stratis. You can try it out here: https://cloud.stakenet.io/ & you can check out the up to date rewards here https://cloud.stakenet.io/rewards.
Another product they want to offer in the future is a Decentralized Exchange - Stakenet dx. The masternodes supporting the network will get 100% of the fees collected. The same goes for the rest of the applications they want to create on the Stakenet ecosystem.
DigiByte (DGB) is an open-source cryptocurrency project running on the decentralized DigiByte Blockchain. The DigiByte coin was first developed in 2013 and released in January 2014. Programmer and entrepreneur Jared Tate created DigiByte intending to build a fast and secure cryptocurrency that could reach a broader and more decentralized community than Bitcoin.
As one of the oldest blockchains, DigiByte is already at almost 10 million blocks and has seen and overcome many challenges most of the new projects have yet to face. With a focus on security, decentralization, and speed, DigiByte aims to provide a solution to issues of peer-to-peer commerce, secure decentralized applications, and safeguarding against cybersecurity threats.
Dero is written from scratch (coded in Golang) unique blockchain, which is based on DAG and CryptoNote protocol with security & privacy focus.
Unlike some other projects, Dero’s privacy comes as default. Anonymity is a must for specific people, and Dero understands this and provides full anonymous balances with double-spend immunity and 51% attack resistance. No one can see your balances and transactions except you on DERO blockchain. A brief explanation of these features is provided in the “Technology” section.
Since one of their goals is to provide secure, fast & anonymous transactions with the capability of smart contracts execution, DERO already started testing smart contracts on DERO test net.
In a sense, we can say that Dero is a combination of Monero and Ethereum. Private-Anonymous Smart Contracts. The team saw the flaws and shortcomings of these projects and focused on solving these.
Horizen is building a technology platform with optional privacy features that aims to enable an application-rich and inclusive ecosystem to provide people with freedom and everyday usability.
Launched in May 2017, the leading-edge platform enables real-life uses beyond its cryptocurrency - ZEN, including the ability to deploy sidechains and integrate third-party technologies.
The Horizen ecosystem consists of several layers. At the base layer, there is ZEN cryptocurrency with an optional privacy feature, which allows you to exercise control of your digital footprint. With around 35% of the current supply of ZEN staked as of October 2020, Secure and Super Nodes operate the infrastructure layer for Horizen and make it the largest node network (40000+ nodes). Secure Nodes are full nodes with TLS encryption enabled to secure inter-node communication which prevents things like man-in-the-middle attacks. Super Nodes are currently more powerful Secure Nodes but they will be required to host Horizen's core sidechains in the future, like Treasury sidechain.
The infrastructure layer enables the technology platform of the industry-first fully decentralized and unfederated sidechain solutions, Zendoo, with an open-sourced Software Development Kit (SDK) (currently in Beta. Final version on mainnet scheduled for Q1 2021), which in turn makes it possible to deploy dApps, products, and services which brings blockchain benefits to life through real-world utility. Both types of nodes are incentivized, and each gets 10% of the block rewards which are then equally distributed between node operators.
Quant Network is proposing a system wherein blockchains can interact with each other, enabling interoperability between distributed ledgers (DLT) and even permissionless blockchains. The idea is to build an encompassing layer on top of these blockchains and allow applications to run on them.
The main goals of the Quant project is to provide an interface at the intersection of different blockchains, to bring established enterprise solutions in industries like financial services closer to the realm of blockchains and enable the development of multi-chain applications.
NIX is a recently launched platform, with its genesis block in June 2018, that focuses on enabling privacy features on its network as well as extend these to other blockchains and applications. NIX is built as a multi-layered interoperability platform that supports anonymity for decentralized applications (dApps), smart contracts, and an optional privacy layer that can be used on any blockchain. To achieve this, the initial design targets several intra-chain privacy elements, like the NIX Ghost Vault and 2-Way Ghosting, which makes NIX a powerful privacy-centered coin.