Matic Network

by Matic-Network India LLP

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UMA Token

by Risk Labs

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FOAM

by FOAM Inc.

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Matic Network

by Matic-Network India LLP

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UMA Token

by Risk Labs

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FOAM

by FOAM Inc.

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What problem does this service solve?

Matic provides scalability for DApps and smart contracts.UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.FOAM aims to to bring location data to blockchains and enable consensus driven mapping.

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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 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.

FOAM is developing a blockchain-based location service protocol for embedding physical locations in Ethereum smart contracts. The FOAM network will use radio beacons and will provide incentives for decentralized location services that will be given by network participants. Users will stake tokens to become zone anchors, that will work with radio beacons to return location data to the network. FOAM's Proof of Location protocol will be used to confirm consensus on the location of objects and entities in space and time.

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