Infura

by ConsenSys

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UMA Token

by Risk Labs

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Fantom

by Fantom

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Infura

by ConsenSys

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UMA Token

by Risk Labs

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Fantom

by Fantom

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What problem does this service solve?

Infura's developer tools make it easier for DApps to access Ethereum and IPFS.UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.Fantom wants to create a better performing smart contract platform that will based on a directed acyclic graph.

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Company Description

Infura is a DApp infrastructure provider that was created by ConsenSys and gives developers the tools to securely access Ethereum and IPFS. Their API enables users to set up Ethereum Nodes, and then install, configure, and maintain the Ethereum infrastructure more easily, and at lower cost. Infura was originally created by ConsenSys.

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.

Fantom is developing a smart contract platform based on a directed acyclic graph (DAG). They hope to address the scalability issues of current decentralized platforms. Instead of a blockchain, Fantom's Lachesis Protocol uses a directed acyclic graph to confirm transactions asynchronously. This transaction history is immutable and cannot be modified. The platform's Opera Chain will consist of three layers: an application Layer, Opera Ware Layer, and Opera Core Layer. Fanotm issued an Ethereum-based token in 2018.

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