1H
-0.12%$0.0000
24H
0.40%$0.0000
7D
3.44%$0.0000
30D
-6.56%$0.0001
There are so many consensus mechanisms enabled on the blockchain. This guide is based on the one called Proof of Replication (PoRep). It will explain the nitty-gritty of this mechanism, covering its definition, developments, features, uses, benefits, and more.
The guide deals with Universal Market Access (UMA) protocol – an open-source infrastructure that allows DeFi developers to create their synthetic tokens and derivatives in the Ethereum network that can keep track of any asset’s prices.