Review on UMA by Douglas Cachazo
UMA UMA: Intelligent contracts with guarantees
Project based on the Ethereum chain, through which intelligent contracts can be issued between two people with real guarantees, the breach of one of the parties or not being assertive will lose the deposited guarantee, opens many options for applications with financial agreements.
The UMA protocol is in charge of automatically monitoring the agreement based on the intelligent contract and one of the parties must compensate the other until the total settlement in which one party will benefit. The above is only a case of use, it lends itself to many more options according to the creativity.
The UMA protocol is totally open source and without censorship is definitely something innovative and can create financial markets to anyone in a universal and secure, everything depends on creativity.
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Pros
- Good innovative financial project based on intelligent contracts
- Recognized groups or companies, good support
- Good information material for developers
- Few similar cutting projects
Cons
- We need a more robust website with more information
