ConsenSys vs UMA Token vs Credits
What problem does this service solve?
ConsenSys' goal is to create the infrastructure, applications, and practices that will enable greater adoption of blockchain. | UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps. | Credits hopes to create a blockchain platform that will have faster transaction time and will handle larger volumes. |
Token Stats
Not Relevant |
Company Description
ConsenSys is one of the most influential blockchain technology companies. They are working on a variety of projects to create the infrastructure and applications that will enable scalable adoption of blockchain-based systems. The company's efforts are focused on the Ethereum ecosystem, and include divisions working to advance technology development, establish industry standards, and provide consulting, marketing, and education services. | 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. | 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. |