UMA Token

by Risk Labs

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Penta

by Penta Global Foundation PTE.LTD

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BitNew Chain

by BTN Foundation

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UMA Token

by Risk Labs

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Penta

by Penta Global Foundation PTE.LTD

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BitNew Chain

by BTN Foundation

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What problem does this service solve?

UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.Penta does not appear to solve any problems better than existing blockchain platforms.BitNew Chain aims to make it easier to develop large scale DApps that can be used with a variety of hardware. They also claim that it will enable cross-chain communication and token exchanges.

Token Stats

Company Description

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.

Penta is developing a blockchain platform that DApps can be built on. It will have a Dynamic Stake Consensus (DSC) algorithm to confirm transactions. The Penta network is currently powered by the Ethereum-based PNT token.

BitNew Chain is building a development platform for commercial DApps. BitNew Chain aims to make it easier to develop large scale DApps that can be used with hardware. It will be based on a two-tier decentralized blockchain network with standard physical masternodes, resource segregation, a decentralized computing subsystem(BTN-DC), and decentralized storage subsystem(BTN-FS). Consensus will be achieved through a hybrid mining process that will combine Proof-of-Stake (PoS) with Proof of Masternode. The network is powered by the BTN coin.

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