What problem does this service solve?

Phore's goal is to enable developers to create a variety of DApps with fast transaction times.

Credits hopes to create a blockchain platform that will have faster transaction time and will handle larger volumes.

UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.

Token Stats

Company Description

Phore Blockchain is a Proof of Stake blockchain platform that is designed to enable decentralized transactions for a variety of applications.

Credits is building a blockchain platform focused on speed and scalability. Credits' protocol uses a Delegated Proof-of-Stake (dPoS) consensus mechanism and will be powered by the CS coin. They hope to significantly improve transaction times and reduce fees.

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.

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Phore vs Credits vs UMA Token

Phore

Credits

UMA Token