Virtually all crypto-inclined individual can testify to the obvious weakspots in the bitcoin and ethereum blockchain, one of which includes the slow and expensive Bitcoin and Ethereum blockchains. This is a major problem which tends to slow businesses and also reduces the potential profit of an investment. Asides that are also few other problems such as huge bloat which keeps getting bigger day by day and so many more tending to be a major setback. I believe this few afforementioned problems has affected investors one way or the other but not to worry, i present you a project to solve all this. Learn and see how it all work. The project name is UNIVERSA.
WHAT IS UNIVERSA?
Universa Platform is building a new generation of blockchain technology. It uses a contract execution machine and distributed state ledger designed to improve on Bitcoin and Ethereum technologies by delivering improvements that are imperative for business adoption, with an emphasis on tokenization and contractual agreements. Where traditional blockchains transact primarily in currencies, Universa is designed to support token representation of everything from passports to boarding passes, bus tickets or taxi fares; they can be gift cards, vouchers, or gym membership cards. You might make a token representing your title deed, or just the keys to the house.
Alex borodich is the founder and CEO of universa blockchain. The current blockchain and bitcoin is both based on mining of proof of work which makes them quite slow and expensive in terms of transaction price. So for this reason, Universa designed a new blockchain which is very fast compared to that of bitcoin as explained earlier. The new blockchain created can transact 20,000 transactions per second and these trasactions are extremely cheap. The blockchain is currently created and ready to be deployed during the ICO in case you were worrying.
One major advantage of having a fast blockchain is that it makes it applicable for real life businesses. This is awesome because you can easily do things on the blockchain without having to wait at all. Universa simply want to integrate these easy real time business usage into a smart contract based on the logic. The future of blockchain is obviously industrial which is based on protocols, which is what stands as the future of the blockchain.
ADVANTAGES OF UNIVERSA OVER BITCOIN AND ETHEREUM BLOCKCHAIN
Universa is a pioneer of the new generation blockchain
Universa has originally been developed not as a cryptocurrency, but as a protocol creating and operating chains of smart contracts. Therefore, Universa platform does not depend on mining, which results both in high speed and low cost of procession operations, in terms of the resources required.Universa is 1000 times faster than user familiar Bitcoin
Universa nodes do not require mining and are responsible for verifying the transactions and smart contracts that customers submit onto the network. Waiving mining opened a way to increase network performance by hundreds of times. The Universa blockchain structure is based on the language of smart contracts, developed from scratch. The well-thought-out logical structure and language hierarchy made it possible to reach the speed of 10,000 transactions per second on the network nodes.Universa transactions are 100 times cheaper than those in Bitcoin
Today, it deems absolutely unreasonable to charge $3,85 for a few cents worth microtransaction. Yet, on the Bitcoin platform, this price is a current money transfer fee, which accounts for the speculative nature of Bitcoin exchange rate, and its high volatility. The smart contacts system on Universa platform allowed to decrease such fees by hundreds of times.Universa offers an entirely new smart contract system
Various smart contract chains can be created on Universa platform. These smart contracts can be implemented in almost all business fields. Universa smart contracts can be applied to programming both intracompany applications and public ones. For example:
Vehicle smart key
Fitness and SPA pass card
IoT — smart home elements working together
Payments at parking lots or gas stations
Logistics, cargo tracking
It will be possible to implement all of the above mentioned and many other ways of Universa smart contracts applications, in the nearest future.Universa is real “smart money”
The Universa platform significantly simplifies the transaction processes in the field of e-commerce. It will make it possible to accept payments in any currency in automated mode in any currency in automatic mode and formalize the transaction document with a smart contract on the spot. Along with everything else, Universa will simplify the process of applying for loans in the Internet, electronic currency exchange, and filling in customs declarations to a great extent.
About Token Sale and distribution
During token sale, the price of the token climbs up every week. So make sure to grab it before it’s too hot! Right now 1UTN = $0.011.
UNIVERSA ICO IS CURRENTLY LIVE!. check out the inks below to visit Universa.
ROADMAP
MEET THE TEAM
LINKS TO UNIVERSA
Official webpage: http://universa.io/
whitepaper: https://universa.io/files/Universa-Whitepaper-v1.0c.pdf
facebook: https://www.facebook.com/Universablockchain/
twitter: https://twitter.com/Universa_News
Telegram: https://t.me/Uplatform
My Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1048662
My Youtube channel: https://www.youtube.com/channel/UCoKb8l6T6TN3dk9_9CvTnvw
Every ICO claims to be unique and an upgrade on the current technology, however they rarely ever materialise. What makes this ICO unique or an upgrade to eth?
https://universa.io/files/Universa-Whitepaper-v1.0c.pdf
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://icos.icobox.io/projects/996