Tendermint

by Interchain Foundation

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UMA Token

by Risk Labs

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Aergo

by Blocko

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Tendermint

by Interchain Foundation

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UMA Token

by Risk Labs

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Aergo

by Blocko

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What problem does this service solve?

The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.Aergo's goal is to create a better DApp development platform.

Token Stats

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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 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.

Aergo is developing an SQL based smart contract platform that will allow developers to more easily share data and create DApps. Their platform will combine elements of public and private blockchain architectures and will have a hybrid BFT/dPoS consensus mechanism. The ERGO Hub will serve as a blockchain hosting service that will allow users to test and deploy their own blockchains. Their network is currently powered by the Etherem-based AERGO token.

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