XinFin Network vs Komodo vs UMA Token
What problem does this service solve?
XinFin wants to develop a hybrid blockchain that will combine the benefits of a private/permissioned platform with the transparency of a public one. | Komodo is a blockchain building platform. They assist clients in creating their own blockhains and decentralized applications. | UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps. |
Token Stats
Company Description
XinFin is a blockchain technology company that has developed the XDC protocol. XinFin's hybrid blockchain enables peer-to-peer contracts on a regulated payment infrastructure. Their goal is to create an open source marketplace platform that will reduce inequalities in global finance. | 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. | 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. |