Parity Technologies

by Parity Technologies

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UMA Token

by Risk Labs

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XMax

by XMax

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Parity Technologies

by Parity Technologies

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UMA Token

by Risk Labs

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XMax

by XMax

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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.XMax will provide developers with the tools to more easily prototype and launch their entertainment-related 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.

XMax is creating a developer ecosystem for entertainment DApps. Their entertainment-focused blockchain ecosystem will enable multiple functional sidechains, and will provide a SDK which will make it easier to develop decentralized applications. XMax will also offer a variety of multimedia libraries. The XMax blockchain will have a VRF (Verifiable Random Function) consensus mechanism that will randomly select network users to participate in the verifying transactions.

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