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Overtime the growth and level of acceptability of e-commerce, IoT services seemed to be on the increase but the major hindrance that seem to mitigate the efficiency of the different IoT and e-commerce system is the lack of interconnectivity of IoT services across the globe, ineffective anonymous payment mechanism and a dysfunctional ecommerce delivery systems; however its good news at last as uplexa is all out to correct all wrongs and enhance the system for optimal service delivery.
ABOUT THE UPLEXA
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The UPLEXA projects a peer to peer electronic payment system which can best be described as a unique digital currency (cryptocurrency) that is meant to use the computed power in our day to day IoT devices, through the addition of proof of work software (POW) to rapidly growing smart device sector and this includes items such as smart TVs, mobile phones and onboard computers in different vehicles. The platform is decentralised all mining services will be duly rewarded with UPX coins based on network contribution. Whenever the coins are fully transferred and secured in the blockchain enabled wallet, the user has the power and capability to determine how the coins should be spent. The Upx token can be duly accumulated in the user’s wallet and whenever there is an existing secured exchange and vendor partnerships, the Upx user may decide to hold on to it, sell it or even use it for do shopping. Ever since the invention of Upx a good number of developing countries have resorted to using the Upx as a means to subsidize the device usage cost or sometimes to obtain a loan, this unique feature alone can spread easily the adoption of cryptocurrency on a very massive scale also the demands for an ecosystem is directly proportional to the growth of the different mediums of purchase and exchange.
UPLEXA has a protocol that is built based on the crypto night algorithm, that also ensures anonymity and full privacy levels for transactions carried out using Upx. The Upx has highlighted features as follows:
A multiple bug fixes, excited community growth and pool stabilization mechanism.
An easy to use working webwallet
Has a lighter weight blockchain due to the implementation of monero,s bullet proofs system.
Iot devices are kept in relevance by the mining of variance between hardware types.
A 120 seconds block time is used to decrease the blockchain weights caused by empty blocks
It bridges or creates a connection between all anonymous payments and the service providers, with this users can actually carry out payments for their services without having to go through the KYC policy another endearing point for Upx anonymity feature is that it eliminates cost like tourist fees, protects user data, absolves one from government repression and service bans and inaccessible to hackers.
Currently UPlexa token is listed on STEX and GRAVIEX and You can find Uplexa in coinmarketcap.com with this link below.
https://coinmarketcap.com/currencies/uplexa/
See the price of UPX today
CONCLUSION
The Upx project is progressive and futuristic because it aims to ensure the continuous creation of user friendly software that can seamlessly encourage and at the same time incentivize users of all Iot devices to easily mine the Upx blockchain. Upx is poised towards developing a uniquely modelled dedicated marketplace that will enhance its utility spread. The Upx project is a project of team work with a sole aim of becoming a force to reckon with within the crypto currency space it a project of passion aimed at creating a massive community of free market thinkers with world wide coverage
For more enlightenment about Uplexa visit
Website: https://uplexa.com
WhitePaper: https://uplexa.com/content/uPlexa-Whitepaper-EN.pdf
Discord :https://discord.gg/eAvArjb
Medium: https://medium.com/@uplexa
Reddit: https://www.reddit.com/r/uPlexa/
Github: https://github.com/uplexa/
Twitter: https://twitter.com/uPlexaCoin
Facebook: https://www.facebook.com/uPlexa
AUTHORS INFORMATION
Bitcointalk username: chicky213
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2315939