Parity Technologies

by Parity Technologies

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UMA Token

by Risk Labs

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Hyperion

by Hyperion

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Parity Technologies

by Parity Technologies

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UMA Token

by Risk Labs

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Hyperion

by Hyperion

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What problem does this service solve?

Parity's software makes it easier for organizations, end-users, and developers to use blockchain.UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.Hyperion's goal is to create a decentralized marketplace for map data that will be generated by users.

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Company Description

Parity Technologies is an influential blockchain development company that offers a variety of open-source software solutions for creating and using decentralized technologies. Some of their solutions include Ethereum and Bitcoin clients, cross-chain technologies, smart contracts, testnets, and cryptocurrency wallets. The company was created by Gavin Wood, the co-founder of Ethereum.

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.

Hyperion is developing a decentralized mapping platform that will ensure user privacy and provide map services for DApps. The platform will give users incentives to contribute location data and will have a community governance model. The Hyperion network is powered by the Ethereum-based HYN token.

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