Tendermint

by Interchain Foundation

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DAPP Network

by LiquidApps

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UMA Token

by Risk Labs

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Tendermint

by Interchain Foundation

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DAPP Network

by LiquidApps

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UMA Token

by Risk Labs

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What problem does this service solve?

The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.The DAPP Network aims to be an incentive driven network for collaboration that will address the technical barriers for creating scalable DApps.UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.

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Company Description

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.

The DAPP Network is a development focused network that aims to promote the adoption of decentralized applications (DApps). The DAPP Network is designed to incentivize the creation of development tools to solve the technical limitations of developing DApps. The network is powered by the DAPP 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.

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