Celer Network

by ScaleSphere Foundation Ltd

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Credits

by Credits

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UMA Token

by Risk Labs

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Celer Network

by ScaleSphere Foundation Ltd

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Credits

by Credits

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UMA Token

by Risk Labs

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What problem does this service solve?

Celer Network's goal is to create a blockchain platform with improved liquidity and connectivity.Credits hopes to create a blockchain platform that will have faster transaction time and will handle larger volumes.UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.

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Company Description

Celer Network is developing a layer-2 scaling platform that aims to enable fast and secure off-chain transactions and off-chain smart contracts. The Celer Network hopes to enable developers to create scalable DApps by increasing the off-chain functionalities of blockchains.

Credits is building a blockchain platform focused on speed and scalability. Credits' protocol uses a Delegated Proof-of-Stake (dPoS) consensus mechanism and will be powered by the CS coin. They hope to significantly improve transaction times and reduce fees.

The UMA token is used to enable holders to participate in community governance issues and to help resolve contract disputes on the UMA platform. UMA is designed to be a decentralized financial contracts platform, and is an abbreviation of Universal Market Access. Their goal is to build the financial infrastructure that will make creating decentralized financial services easier. UMA provides a variety of smart contract templates as well as a decentralized oracle that can be used to validate payouts related to financial contracts.

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