The consensus algorithms industry focuses on methods that ensure agreement among distributed systems. Various companies within this sector develop innovative blockchain technologies to facilitate decentralized operations, addressing challenges like security, transaction speed, and network scalability. As interest in cryptocurrencies and decentralized applications grows, these companies are continuously evolving to meet market demands. The industry is seeing a surge in investments, which fosters the development of new consensus mechanisms, future-proofing solutions against emerging challenges in data privacy and interoperability. Innovative startups are pushing the boundaries, promising exciting advancements in decentralized governance and robust network architectures.

The companies featured in this list vary in size and specialization, with a mix of startups and established firms. Headquartered across key regions such as the United States, Switzerland, and China, they were founded between 2012 and 2021. Specialties range from blockchain infrastructure to scaling solutions, demonstrating a spread in expertise. With teams numbering from a handful to thousands, each company offers unique products aimed at enhancing the efficiency and security of distributed networks, emphasizing transparency and innovative governance approaches in their technology development.

Read on to explore the top consensus algorithms companies.

Top 21 Consensus Algorithms Companies

1. Hedera

• Website: hedera.com
• Ownership type: Venture Capital
• Headquarters: Las Vegas, Nevada, United States (USA)
• Employee distribution: United States (USA) 57%, United Kingdom (UK) 10%, Switzerland 10%, Other 24%
• Latest funding: $1.5M, April 2021
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: hedera-network

Hedera is a blockchain technology firm based in Las Vegas, Nevada, founded in 2018. The company specializes in providing decentralized services, including tokenization, consensus mechanisms, and smart contracts. Hedera's platform is designed for developers, enterprises, and organizations aiming to create efficient and scalable decentralized applications. The company emphasizes low transaction costs and rapid processing times, making it appealing across various industries. Hedera operates on a unique proof-of-stake model utilizing the aBFT hashgraph consensus algorithm, which ensures high throughput and quick finality. The Hedera network is governed by a council comprising prominent organizations, ensuring a transparent and stable governance structure. In April 2021, Hedera secured $1.5 million in funding, which supports its ongoing development and expansion in the blockchain space.

2. Tendermint

• Website: tendermint.com
• Ownership type: Private Equity
• Headquarters: Berkeley, California, United States (USA)
• Latest funding: $9.0M, March 2019
• Founded year: 2014
• Headcount: 51-200
• LinkedIn: tendermint

Tendermint, founded in 2014 and based in Berkeley, California, is a software development company that specializes in blockchain technology. The firm is known for its innovative tools such as Tendermint Core, which serves as a robust BFT consensus engine, and the Cosmos SDK, a popular framework for building blockchain applications. Tendermint also developed the IBC Protocol, which facilitates inter-blockchain communication. Their solutions are utilized by various sectors, including finance and gaming, allowing organizations to create secure and efficient blockchain networks. The company has received $9 million in funding as of March 2019, indicating investor confidence in their technology and market potential. Tendermint is also a core contributor to the Cosmos Network, enhancing its influence and reach within the blockchain community.

3. Tezos

• Website: tezos.com
• Ownership type: Venture Capital
• Headquarters: Zug, Zug, Switzerland
• Employee distribution: United Kingdom (UK) 31%, United States (USA) 23%, Germany 8%, Other 38%
• Latest funding: July 2018
• Founded year: 2018
• Headcount: 10001+
• LinkedIn: tezos

Tezos, founded in 2018 and based in Zug, Switzerland, is a blockchain platform designed for the creation of decentralized applications and smart contracts. It serves a wide array of users, including developers, artists, and organizations, by offering an energy-efficient and upgradable blockchain solution. The platform's native token, tez (XTZ), is utilized for various applications, including NFTs and DeFi services. Tezos is notable for its Liquid Proof-of-Stake consensus mechanism, which enhances security and allows for community governance. The platform has gained traction in sectors such as gaming, art, and decentralized finance, showcasing its versatility and commitment to fostering innovation. Tezos has also been involved in partnerships with notable organizations, further solidifying its presence in the blockchain industry.

4. Dominant Strategies

• Website: dominantstrategies.io
• Ownership type: Private
• Headquarters: Austin, Texas, United States (USA)
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: dominant-stratagies

Dominant Strategies Inc., based in Austin, Texas, is a blockchain technology firm established in 2019. The company is dedicated to developing the Quai Network, a public blockchain ecosystem that leverages multi-threaded execution and the Proof-of-Entropy-Minima (PoEM) consensus mechanism. This innovative approach aims to achieve high throughput while maintaining decentralization and censorship resistance. The founders have a rich history in the Bitcoin ecosystem, contributing to core development and operating large-scale mining operations. Their research efforts include optimizing Bitcoin's Heaviest Chain Rule, showcasing their commitment to enhancing existing blockchain protocols. Dominant Strategies is backed by notable venture capital firms, which supports their growth and development in the blockchain space.

5. Parity Technologies

• Website: parity.io
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: Germany 54%, United Kingdom (UK) 27%, India 5%, Other 14%
• Latest funding: Other (Grant), $5.0M, January 2019
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: paritytech

Founded in 2015 and based in London, Parity Technologies specializes in blockchain solutions and decentralized web development. The company is known for its innovative tools, particularly the Polkadot protocol and the Polkadot SDK, which empower developers to create secure and scalable applications. Parity's commitment to open-source technology is evident in its extensive contributions to the Polkadot ecosystem, which aims to enable seamless communication between various blockchains. With a workforce of around 176 employees, Parity has established itself as a key player in the blockchain industry, attracting clients from the tech sector who seek to enhance their online interactions. The company received a grant of $5 million in 2019, further supporting its initiatives in blockchain development and research.

6. Aeternity Foundation

• Website: aeternity.com
• Ownership type: Venture Capital
• Headquarters: Vaduz, Vaduz, Liechtenstein
• Employee distribution: Liechtenstein 43%, Bulgaria 29%, Germany 14%, Other 14%
• Latest funding: January 2019
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: aeternity

Aeternity Foundation, established in 2016 and based in Vaduz, Liechtenstein, is a blockchain technology company dedicated to creating a platform for decentralized applications and smart contracts. The foundation supports developers and organizations in the tech and finance sectors by providing tools and resources to build scalable and secure blockchain solutions. Aeternity's unique features include state channels for off-chain transactions, a specialized smart contract language called Sophia, and a consensus mechanism that allows for quick transaction confirmations. The company operates with a community-driven approach, actively engaging with users and developers to foster innovation. The Aeternity Foundation is a non-profit organization that promotes open-source development and supports the growth of the Aeternity ecosystem, making it a significant player in the blockchain industry.

7. EYWA | CrossCurve

• Website: eywa.fi
• Ownership type: Venture Capital
• Headquarters: Geneva, Geneva, Switzerland
• Employee distribution: Russia 53%, Israel 16%, Ukraine 16%, Other 16%
• Latest funding: $1.0M, April 2025
• Founded year: 2021
• Headcount: 11-50
• LinkedIn: eywa-protocol

EYWA | CrossCurve, founded in 2021 and based in Geneva, Switzerland, is a blockchain technology firm specializing in cross-chain solutions and liquidity management. The company offers products such as the Consensus Bridge and CrossCurve, which facilitate secure transactions and trading across multiple blockchain networks. Their primary clientele includes blockchain projects and developers aiming to improve interoperability and liquidity within the decentralized finance sector. Recently, EYWA secured funding of $1 million, indicating investor confidence in their innovative approach to solving liquidity challenges in the blockchain space. The company is backed by notable figures in the industry, including the founder of Curve Finance, which further underscores their relevance and potential impact in the blockchain ecosystem.

8. Skycoin

• Website: skycoin.com
• Ownership type: Private
• Headquarters: Shanghai, Shanghai, China
• Employee distribution: China 100%
• Founded year: 2012
• Headcount: 51-200
• LinkedIn: skycoin

Skycoin, founded in 2012 and based in Shanghai, China, is a technology company dedicated to advancing decentralized internet solutions and blockchain technology. The company has developed a range of products, including Skywire, a decentralized internet service, and the Obelisk consensus algorithm, which aims to improve security and efficiency in cryptocurrency transactions. Skycoin's mission is to provide users with privacy and freedom from traditional internet service providers, addressing critical issues such as net neutrality and data privacy. The company operates with a relatively small team and focuses on creating a robust ecosystem that includes hardware like the Skyminer, which supports its decentralized network. Skycoin's innovative approach positions it as a significant player in the blockchain industry, particularly in the development of consensus algorithms.

9. Hashgraph

• Website: hashgraph.com
• Ownership type: Private
• Headquarters: Dallas, Texas, United States (USA)
• Employee distribution: United States (USA) 79%, France 7%, Canada 5%, Other 10%
• Founded year: 2022
• Headcount: 51-200
• LinkedIn: swirldslabs

Hashgraph, founded in 2022 and based in Dallas, Texas, is a private software company that specializes in decentralized technologies and blockchain solutions. With a team of over 140 professionals, Hashgraph is dedicated to accelerating the development of decentralized applications. The company is particularly known for its hashgraph consensus algorithm, which was created by Dr. Leemon Baird, a co-founder of Hedera. Hashgraph provides essential tools and infrastructure that enable developers and enterprises to integrate traditional and decentralized finance. The company plays a crucial role in the Hedera ecosystem, offering engineering support and community solutions that facilitate faster app deployment. Hashgraph's commitment to open-source development and its recent membership in the Linux Foundation's Decentralized Trust initiative highlight its active involvement in the industry.

10. All in Bits (AiB)

• Website: allinbits.com
• Ownership type: Private
• Headquarters: Las Vegas, Nevada, United States (USA)
• Employee distribution: United States (USA) 49%, Germany 14%, South Africa 7%, Other 29%
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: ignt

All in Bits (AiB) is a technology firm based in Las Vegas, Nevada, founded in 2014. The company specializes in blockchain solutions and decentralized applications, focusing on open-source software that promotes secure and scalable blockchain development. AiB has played a pivotal role in the Cosmos ecosystem, having developed core components like the Tendermint Core and the Cosmos SDK, which are essential for blockchain interoperability and consensus. Their projects, including the proposed AtomOne chain and the governance-focused GovGen, reflect their commitment to community-driven innovation. AiB's team is dedicated to fostering transparency and accountability in the blockchain space, making significant contributions to the development of decentralized applications and infrastructure that empower developers and organizations alike.

11. Sigma Prime

• Website: sigmaprime.io
• Ownership type: Private
• Headquarters: Sydney, New South Wales, Australia
• Employee distribution: Australia 80%, United States (USA) 20%
• Founded year: 2016
• Headcount: 11-50
• LinkedIn: sigma-prime

Sigma Prime, founded in 2016 and based in Sydney, Australia, is a technology company that specializes in blockchain and cybersecurity solutions. With a team of approximately 35 employees, the company has made significant strides in the blockchain sector. They are particularly known for their development of the Lighthouse Ethereum 2.0 client, which is designed to implement proof-of-stake and sharding, key components of Ethereum's upgrade. Sigma Prime also offers smart contract security assessments, helping businesses and organizations navigate the complexities of blockchain technology while ensuring robust security measures are in place. Their commitment to enhancing security and efficiency in blockchain implementations positions them as a notable player in the industry.

12. Input Output (IOHK)

• Website: iohk.io
• Ownership type: Private
• Headquarters: Singapore
• Employee distribution: United States (USA) 29%, United Kingdom (UK) 28%, Spain 5%, Other 38%
• Founded year: 2014
• Headcount: 201-500
• LinkedIn: input-output-global

Input Output (IOHK) is a blockchain technology firm founded in 2014 by Charles Hoskinson and Jeremy Wood. Based in Singapore, the company has a workforce of approximately 462 employees distributed across various countries, including the United States and the United Kingdom. IOHK specializes in developing decentralized infrastructure and solutions, with a strong emphasis on academic rigor and evidence-based software development. The company is best known for its work on Cardano, a blockchain platform that supports smart contracts and aims to provide a secure and scalable environment for developers and organizations. IOHK also offers tools like Marlowe and Plutus, which facilitate the creation and execution of smart contracts. Their commitment to research is evident through their collaborations with academic institutions and their focus on advancing blockchain technology. IOHK's mission is to create a more connected and transparent world through innovative blockchain solutions.

13. Waves Tech

• Website: waves.tech
• Ownership type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Latest funding: $500,000, August 2023
• Founded year: 2016
• Headcount: 201-500
• LinkedIn: waves-platform

Waves Tech, founded in 2016 and based in Berlin, Germany, is a technology company that specializes in decentralized applications and blockchain solutions. With a workforce of around 73 employees, the company has carved out a niche in the technology and finance sectors by offering a variety of products, including NFTs, decentralized exchanges, and automated market makers. Waves Tech is committed to providing scalable, low-cost, and eco-friendly solutions for digital asset management. Recently, they secured $500,000 in funding in August 2023, indicating ongoing investor interest and support for their innovative approach. The company operates on a proof-of-stake consensus mechanism, which enhances the security and efficiency of its blockchain applications, making it a relevant player in the industry.

14. Offchain Labs

• Website: offchainlabs.com
• Ownership type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Employee distribution: United States (USA) 81%, Switzerland 8%, India 4%, Other 8%
• Latest funding: Series B, $100.0M, August 2021
• Founded year: 2018
• Headcount: 51-200
• LinkedIn: offchain-labs-inc

Offchain Labs, founded in 2018 and based in New York, is a blockchain technology company that specializes in Ethereum scaling solutions and development tools. The firm is known for its innovative products, including Arbitrum One, Arbitrum Nova, and Arbitrum Orbit, which are designed to improve the performance and scalability of applications on the Ethereum network. Offchain Labs has also made a significant impact in the consensus algorithms space through its acquisition of Prysmatic Labs, the creators of the Prysm consensus client. This client is essential for Ethereum's proof-of-stake mechanism, allowing users to participate in the network as validators. With a global team and substantial venture capital backing, Offchain Labs is committed to advancing blockchain technology and enhancing the Ethereum ecosystem.

15. Solana Foundation

• Website: solana.com
• Ownership type: Venture Capital
• Headquarters: Zug, Zug, Switzerland
• Employee distribution: United States (USA) 40%, Switzerland 9%, Nigeria 6%, Other 45%
• Latest funding: August 2024
• Founded year: 2018
• Headcount: 51-200
• LinkedIn: solana-foundation

The Solana Foundation, established in 2018 and based in Zug, Switzerland, is dedicated to the advancement of the Solana blockchain platform. This platform is designed to facilitate decentralized applications and smart contracts, offering a robust infrastructure that appeals to both developers and businesses. Known for its high transaction speeds and minimal fees, Solana has positioned itself as a viable option for various applications in the cryptocurrency sector. The foundation plays a crucial role in nurturing the Solana ecosystem by providing developer resources, organizing events, and promoting innovative use cases. With a workforce of around 357 employees, the foundation is actively involved in enhancing the capabilities of its blockchain technology, ensuring it remains relevant and effective in a rapidly evolving industry.

16. Seda

• Website: seda.xyz
• Ownership type: Venture Capital
• Headquarters: Zug, Zug, Switzerland
• Employee distribution: Switzerland 100%
• Latest funding: $11.7M, December 2021
• Founded year: 2021
• Headcount: 11-50
• LinkedIn: flux-market

Seda, founded in 2021 and based in Zug, Switzerland, is a technology firm that specializes in blockchain solutions and validator services. The company focuses on providing decentralized data processing and governance tools tailored for businesses and organizations within the blockchain sector. Their offerings facilitate secure and efficient data management, which is essential for maintaining the integrity of blockchain networks. Seda operates on a Proof-of-Stake model, which is a significant aspect of their validator services, allowing them to contribute to the consensus mechanisms that underpin blockchain operations. In December 2021, Seda secured $11.72 million in funding, indicating investor confidence in their business model and growth potential.

17. Neo Smart Economy

• Website: neo.org
• Ownership type: Private
• Headquarters: Shanghai, Shanghai, China
• Employee distribution: China 77%, Singapore 11%, Hong Kong S.A.R 8%, Other 4%
• Latest funding: Series A, $100.0M, May 2019
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: neo-blockchain

Neo Smart Economy, founded in 2014 and based in Shanghai, China, is a blockchain platform that provides essential infrastructure for decentralized applications and smart contracts. The company focuses on empowering developers and businesses by offering tools that facilitate the building and deployment of applications on its blockchain. Neo operates with a dual token model, comprising NEO and GAS tokens, which serve distinct purposes within its ecosystem. NEO token holders participate in governance, while GAS is used for transaction fees and smart contract executions. In 2019, Neo secured $100 million in Series A funding, underscoring its potential and commitment to advancing blockchain technology. The company is currently undergoing a significant upgrade to Neo N3, enhancing its features and capabilities, including improved governance and interoperability with other blockchains.

18. Espresso Systems

• Website: espressosys.com
• Ownership type: Venture Capital
• Headquarters: Menlo Park, California, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series B, $28.0M, March 2024
• Founded year: 2020
• Headcount: 11-50
• LinkedIn: espresso-sys

Espresso Systems, founded in 2020 and based in Menlo Park, California, is a blockchain technology company focused on enhancing interoperability for blockchain developers and applications. They provide a coordination layer that facilitates cross-chain interactions and transaction sequencing through their Espresso Network and Marketplace. Their HotShot consensus protocol is a key component of their technology, enabling fast finality and efficient transaction ordering. Espresso Systems has attracted significant investment, securing $28 million in a Series B funding round in March 2024, which underscores their relevance and ambition in the blockchain sector. The company aims to empower chains and applications to work together seamlessly, improving the overall user experience in the blockchain ecosystem.

19. Wanchain

• Website: wanchain.org
• Ownership type: Private
• Headquarters: Singapore
• Employee distribution: China 57%, Singapore 23%, Spain 10%, Other 10%
• Latest funding: Seed, September 2018
• Founded year: 2017
• Headcount: 51-200
• LinkedIn: wanchain

Wanchain is a blockchain technology company based in Singapore, founded in 2017. It specializes in decentralized interoperability solutions, providing products such as cross-chain bridges and decentralized finance applications. Wanchain aims to facilitate seamless asset transfers across various blockchain networks, enhancing the functionality and connectivity of decentralized applications. The company operates a Layer 1 PoS blockchain that is fully compatible with Ethereum tools and protocols. Wanchain employs a unique consensus mechanism known as Galaxy Consensus, which builds upon the principles of Cardano's Ouroboros. This mechanism utilizes advanced cryptographic techniques to improve transaction validation and network security. Wanchain has established a network that connects multiple blockchains, allowing for direct and decentralized cross-chain transactions. Its commitment to fostering a community of developers and innovators further underscores its role in the blockchain ecosystem.

20. Mind Labs

• Website: mindnetwork.xyz
• Ownership type: Venture Capital
• Headquarters: Singapore
• Employee distribution: Singapore 100%
• Latest funding: Seed, $10.0M, September 2024
• Founded year: 2022
• Headcount: 11-50
• LinkedIn: mind-network-labs

Mind Labs, known as Mind Network, is a Singapore-based technology firm founded in 2022. The company specializes in data privacy and security solutions, particularly through the use of Fully Homomorphic Encryption (FHE). Their offerings include the MindVFHE Bridge and a Restaking Service, which cater to businesses and organizations in the AI and blockchain sectors. These products are designed to provide secure consensus mechanisms and protect sensitive data, addressing critical challenges in decentralized networks. Mind Labs has recently secured $10 million in seed funding, indicating investor confidence in their innovative approach to enhancing the security and functionality of decentralized systems. Their work has garnered recognition, including an Ethereum Grant and participation in various incubation programs, further solidifying their position in the industry.

21. Paditech

• Website: paditech.com
• Ownership type: Private
• Headquarters: Tân Dân, Hà Nội, Vietnam
• Employee distribution: Vietnam 100%
• Founded year: 2014
• Headcount: 51-200
• LinkedIn: paditech

PadiTech is a technology solutions provider based in Tân Dân, Hà Nội, Vietnam, established in 2014. The company specializes in AI and blockchain development, software outsourcing, and consulting services. With a workforce of around 37 employees, PadiTech serves a variety of industries, offering tailored solutions aimed at enhancing operational efficiency and security. Their blockchain services include the development of custom consensus algorithms, NFT marketplaces, and decentralized exchanges, showcasing their commitment to innovation in the blockchain sector. PadiTech has been recognized as one of the top AI companies in Vietnam, reflecting their strong focus on integrating advanced technologies into their offerings. The company prides itself on delivering high-quality solutions while maintaining a strong emphasis on customer support and engagement.

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