Overview of VeChainThor Economics Model

VeChainThor (referred as VeChain hereafter) , launched on June 30th, 2018, is a blockchain platform that pioneers in enhancing supply chain management. It provides a solid governance structure, and advances IoT integration. The new blockchain can be utilized in cold-chain logistics, luxury goods, medical products, automobiles, and many other industries that can benefit from trustworthy supply chain record keeping.

Overview of EOS Economics Model

EOS, launched on June 10th, 2018, is a blockchain platform for smart contracts and the development of decentralized applications (dApps). It is similar to the functionality of Ethereum but has been named “Ethereum killer” by many blockchain enthusiasts. EOS’s smart contract platform is powered by WebAssembly which supports multiple languages widely used in application development. EOS also provides a set of services and functions that closely resembles what an operating system would offer for dApps. All these features enable businesses to develop and deploy high-performance dApps in relatively fast paces.

Analysis of Ontology

The company behind Ontology is a technology company called Onchain that launched NEO/GAS blockchain in April 2016. Although NEO and Ontology are both started by Onchain, they are both separate entities from Onchain. Most importantly, Ontology is not a competitor of NEO but rather a compliment to the NEO blockchain. It is designed to bring enterprise clients to migrate to blockchain technology and to provide a multi-chain, distributed trust collaboration platform that will bridge between the real world and the NEO ecosystem.

Analysis of TRON

TRON is an ambitious project trying to “heal” the internet by implementing the infrastructures for a genuinely decentralized Internet. It is a high throughput blockchain based decentralized app (dApp) and smart contract platform that is highly scalable and widely available. TRON aims to build a free, global content entertainment ecosystem that bridges the content creators and consumers.

Overview of Steem Economics Model

Launched in April 2016, Steem is a blockchain-based platform that rewards content creators, curators, remitters for distributing meaningful content and helps them build their communities. It uses DPoS as a scalable blockchain consensus algorithm for publicly accessible and immutable content.

Overview of Blockchain Consensus Algorithms

Blockchain is a decentralized peer-to-peer system with all of its nodes widely distributed across the internet. The data stored on the ledger from every node is in sync with each other and modifying data without consensus is nearly impossible. The most significant achievement of blockchain technology is that it manages to maintain trust in networks on a global scale without any central authority. At the center of this technology, are consensus algorithms.