Parity Technologies

by Parity Technologies

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UMA Token

by Risk Labs

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Truffle

by ConsenSys

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Parity Technologies

by Parity Technologies

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UMA Token

by Risk Labs

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Truffle

by ConsenSys

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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.Truffle is a blockchain development suite that makes it easier to create DApps.

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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.

Truffle is one of the leading providers of blockchain development tools. The Truffle platform consists of three tools that are designed to assist developers in creating DApps: Truffle, Ganache and Drizzle. Truffle is a testing framework for DApps using the Etereum Virtual Machine. Ganache allows users to easily create a personalized version of the Ethereum blockchain to run tests and execute commands. Drizzle is a collection of front-end libraries that help developers create user interfaces for DApps.

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