Compare Solana to Competitors
Ethereum develops a decentralized platform to run blockchain-based programs. The platform runs on a custom-built blockchain and enables developers to create markets, store registries of debts or promises, move funds accordingly, and more without a middleman or counterparty risk. It was founded in 2014 and is based in Zug, Switzerland.
Polygon focuses on developing Ethereum scaling solutions. It offers a suite of protocols to provide developers with access to major scaling solutions, including layer 2s, sidechains, hybrid chains, application-specific chains, enterprise chains, and data availability protocols. Its solutions enable fast transactions at near-zero gas fees, secure relationships between users and decentralized apps, and the building of Ethereum Layer 2s with industry-leading technology. Polygon was formerly known as Matic Network. It was founded in 2017 and is based in Camana Bay, Cayman Islands.
Cardano Foundation is an independent organization that focuses on promoting the adoption of the Cardano blockchain in various business sectors. The company's main service is to provide a platform for the development of decentralized applications (DApps), making the process more developer-friendly. It primarily serves a wide spectrum of market segments that require blockchain in business and mission critical applications. It was founded in 2016 and is based in Zug, Switzerland.
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Neo operates as an ecosystem developer for the blockchain, focusing on integrating decentralized web and finance into the management of physical resources. The company offers a compliant, self-governing web3 platform that enables regulated institutions and retail buyers to buy, sell, and trade commodities with verified identities and environmental, social, and governance (ESG) attribute tracking. Neo primarily serves sectors that include energy, mining, agriculture, and trading within the blockchain and decentralized finance industries. It was founded in 2020 and is based in Zug, Switzerland.
Avalanche is a smart contracts platform known for its scalability and rapid transaction finality in the blockchain industry. The company offers a suite of tools and services that enable Web3 developers to build and deploy highly-scalable decentralized applications with ease. Avalanche's novel Subnets architecture and compatibility with Ethereum Virtual Machine (EVM) allow for the creation of custom virtual machines and eco-friendly blockchain solutions. It was founded in 2018 and is based in Tortola, Virgin Islands (British).
Algorand provides a secure and decentralized digital currency and transactions platform. It offers an open-source protocol that enables even the smallest transactions, regardless of transaction volume or the number of users. It primarily serves the financial technology industry. The company was founded in 2017 and is based in Singapore.
