UMA

UMA

UMA stands for Universal Market Access. UMA is a decentralized cryptocurrency network that allows permissionless creation of digital assets. The name says what they believe in : Universal Market Access. Believing that financial markets should be accessible to more people than regulations allow, UMA allows people to create viable financial assets from nearly anything they can imagine. The UMA protocol uses an interesting system for sharing and verifying information on the blockchain. Instead of constantly checking the price of something, UMA only checks when people disagree on a transaction. Whoever is proven to be correct gets rewarded. By building a system around a presumption of good faith, UMA aims to bring the benefits of permissionless economies to as many people, and assets, as possible.

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