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.