​Introducing UMA an oracle with access to the universal market

Modified on Fri, 08 Dec 2023 at 03:05 PM

In the past, conducting business with people from different countries was quite challenging, but current technology has brought people closer together through E-commerce. However, what if we could access the global market without boundaries? This article will introduce you to the Universal Market Access Protocol (UMA).

What is UMA?

Universal Market Access (UMA) is a decentralized smart contracts platform built to enable Universal Market Access. Also being used as an optimistic oracle (OO) which records verified data into the blockchain. Their network governance token is UMA which is an ERC-20 token built on Ethereum.

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