UMA Token

by Risk Labs

(0)
View Profile

‍Flow Blockchain

by Dapper Labs

(0)
View Profile

IPFS

by

(0)
View Profile

UMA Token

by Risk Labs

(0)
View Profile

‍Flow Blockchain

by Dapper Labs

(0)
View Profile

IPFS

by

(0)
View Profile

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.Flow's goal is to create a DApp development platform that is easier to use for both developers and users.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.

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.

T‍he Flow Blockchain aims to be a developer-friendly blockchain for a new generation of DApps and digital assets that power them. Flow Blockchain is based on a unique, multi-role architecture, and is designed to scale without sharding, so that it can accommodate consumer applications with more users. The project was created by Dapper Labs, which previously created Crypto Kitties, one of the most popular blockchain collectible projects. Flow is now being used by NBA Top Shot, an officially licensed NBA platform for player related, blockchan-based collectibles. The founders: Roham Gharegozlou, Dieter Shirley, and Mikhael Naayem launched Flow with the goal of simplifying the DApp development experience.
Flow uses a Proof of Stake consensus mechanism. Flow coins are intended to be used as payment for validation services, data and computation, governance, as well as for collateral for secondary tokens that may be created on the platform in the future.

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.

Ratings

(0)

(0)

(0)