Solana Blockchain

by Solana Labs

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UMA Token

by Risk Labs

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Komodo

by Komodo

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Solana Blockchain

by Solana Labs

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UMA Token

by Risk Labs

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Komodo

by Komodo

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What problem does this service solve?

Solana allows developers to create DApps with faster performance by separating the consensus process from the recording of transactions.UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.Komodo is a blockchain building platform. They assist clients in creating their own blockhains and decentralized applications.

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Company Description

The Solana blockchain uses an innovative Proof of History mechanism to confirm transactions that are recorded on the network. Solana is designed to separate the consensus process from the flow of transactions. This is done with a recursive, verifiable delay function that hashes incoming transactions, and recording information as a function of time. Every node on the Solana blockchain is assigned a cryptographic clock that enables the network to determine the time and ordering of transactions, without having to wait for consensus from other nodes. By separating the process of transaction verification from their recording, a higher throughput is achieved without sacrificing network security.

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.

Komodo is a blockchain building platform that is focused on developing anonymity and security focused solutions. Komodo's platform, which was originally a fork of ZCash, is powered by the KMD token, and enables users to send anonymous transactions. Komodo has a delayed Proof of Work consensus algorithm.
Komodo also operates Chainmakers and Chainzilla; which assist clients in creating their own blockchains, decentralized applications, and initial coin offerings. Komodo also provides services related to wallet integrations and blockchain security.
Komodo held the first ever decentralized ICO and pioneered the concept of a dICO. Their goal is to allow users to more easily build blockchain solutions and decentralized exchanges. They are developing a decentralized ICO (dICO) platform as well as a decentralized exchange platform called BarterDEX.

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