Penta

by Penta Global Foundation PTE.LTD

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UMA Token

by Risk Labs

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Tendermint

by Interchain Foundation

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Penta

by Penta Global Foundation PTE.LTD

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UMA Token

by Risk Labs

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Tendermint

by Interchain Foundation

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What problem does this service solve?

Penta does not appear to solve any problems better than existing blockchain platforms.UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.

Token Stats

Not Relevant

Company Description

Penta is developing a blockchain platform that DApps can be built on. It will have a Dynamic Stake Consensus (DSC) algorithm to confirm transactions. The Penta network is currently powered by the Ethereum-based PNT token.

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.

Tendermint is a consensus algorithm that was created by a company called All in Bits. The open source algorithm is Byzantine Fault-Tolerant and uses an authenticated encryption system to secure transactions. The Tendermint consensus mechanism was developed in 2014 for the Cosmos Network. The Interchain Foundation, which is developing the Cosmos Network, continues to employ All in Bits to support Cosmos.

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