Matic Network

by Matic-Network India LLP

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Elrond

by Elrond

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UMA Token

by Risk Labs

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Matic Network

by Matic-Network India LLP

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Elrond

by Elrond

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UMA Token

by Risk Labs

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What problem does this service solve?

Matic provides scalability for DApps and smart contracts.Elrond will allow developers to create more scalable DApps with faster transaction times.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

The Matic Network is a sidechain based scaling solution for public blockchains. Matic aims to allow developers to better scale their Ethereum DApps by using a version of Plasma, along with side chains that use a PoS consensus mechanism. Matic plans on supporting other blockchains as well in order to facilitate interoperability.

The Elrond blockchain platform is designed to be a public development infrastructure that will be more secure, efficient, and scalable than other blockchain platforms. The Elrond blockchain is aimed at DApp developers and enterprises. Elrond will have a Prof of Stake consensus mechanism, and will include an Adaptive State Sharding feature that will allow multiple validators to process transactions in parallel.

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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