RSK

by IOV Labs

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IPFS

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UMA Token

by Risk Labs

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RSK

by IOV Labs

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IPFS

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UMA Token

by Risk Labs

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What problem does this service solve?

RSK aims to improve the functionality and scale of the Bitcoin network.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.

Token Stats

Company Description

RSK is an open source smart contract platform that is secured by the Bitcoin network. RSK is designed to add value and increase the functionality of the Bitcoin ecosystem by providing smart contracts that are compatible with the network's code and can be written in Solidity. RSK smart contracts are powered by the SmartBitcoin (RBTC) which is linked to Bitcoin. (1 RBTC=1 BTC)
RSK developed the RIF Token which is intended to enable users to access a range of DApps within their ecosystem. In September 2019, RSK purchased the Spanish social media platform Taringa with the goal of using the RIF token as an incentive to encourage users to share content.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

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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