Review - Universa, New Generation of Blockchain Technology

dhoecrypto (38)in #cryptocurrency • 7 years ago

Hello all Friend Steemian ...
This time I will discuss about the development of the world Cryptocurrencies that continues to experience increased very significantly in the last few years, increasingly more and more of the benefits of the financial economy, create health, even for that kind of game play. But this time there is a new concept-based on blockchain technology, Universa (https://universa.io)

Universa Platform is a new generation of blockchain technology. This uses contract execution engine and published a book of great State which is designed to improve the technology and the Ethereum Bitcoin with provide important improvements to the business. Adoption, with an emphasis on tokenisasi and contract agreement. When the bandit traditional trades mainly in currencies, Universa is designed to support token representation of everything from passports to the entrance ticket, bus ticket or taxi fares; They could be gift cards, vouchers, or gym membership card.

While the traditional block recording ledgers which mercilessly about all the action, transaction and its effects on the network ("protocols of the fat, little logic"), improved speed and usability Universa by maintaining the graph is directed of the hash can be verified from the output of all actions.

Universa offers new functionality that is fundamental and this function will be a large number of transactions being processed up to 20,000 transactions per second. For example, the figure is 15, and at the Ethereum bitcoin and even less of the 3-6 operations per second. Universa does not require mining process to verify transactions and contracts.

Universa is not dependent on the perpetrator is not reliable from the public. The nodes in the system of Universa is owned and operated by our partners; They must be licensed and authorized by the Corporation in Universa. They trusted, trained, and audited; they guarantee the availability, speed, and security. More information Bitcointalk ANN (https://bitcointalk.org/index.php?topic=2137898.0)

The only "work" done on machines in the cloud Universa is the handling of mission-critical data and execution of contracts, and it does not need expensive GPU hardware business sensitive Data is not stored with the frivolous and unwittingly worldwide is unknown, it is encrypted and is governed by a strict organization. the practice of security (ISO 27001, 27002) allowing the company to trust blockchain with sensitive personal or business processes.

Universa Platform is supported by a network of Universa Universa clients swarm-Core running on the nodes composing Block Universa, and supports Secure Universa Signed Document Service (code name "Notary Cloud"). Blockchain is only responsible for enforcing validity status
the transaction, while the Notary Cloud acts as a warehouse that can be verified for the signature of the original Contract

Universa blockchain is a great book cooperative state changes, performed by licensed and trusted node is, and capable of handling thousands or tens-of-many transactions per second. This achieve this by executing the contract on-client and verify the results of 90% consensus algorithm in the making of each block.

The main function of Universa Nodes is
do contracts and verify the circumstances. Instead of relying on old-fashioned mining techniques that burn cycle clock for no reason, in Universa, permission to create a new block comes from participation as a licensed Nodes, see the Whitepaper here (https://universa.io/files/Universa-Whitepaper-v1.0c.pdf)

= Smart Contract=

In General, Smart Contracts at Universa is simply a script execution data is stored in a tree structure. This saves any information in the format "key value"; Each key is represented as a unique address globally, and its value can be either a fixed value, the executable binary logic, scripts are executed dynamically, or even references to other trees, addresses, and so on, allowing almost all of the the structure of a nested complex representation. The script in the contract smart in Universa is Turing-complete; Simply put, it means that the script can
execute another script, and contains significant complexity programmable logic.

Universa greatly simplifies the process of making transactions in e-commerce. This protocol allows it does automatic payment in any currency and immediately draw up all necessary payment documents by using smart contracts. Also, Universa greatly simplifies the process of obtaining a loan on the Internet, creating Office electronic exchanges, customs declaration processing, etc.

There is no doubt that the Universa will soon become one of the key platforms of blokcheyn and will go down in various business sectors. Aleksandr Borodich no secret his ambition and publicly stated that he wants to win over ICO at least $100 million. Currently, Alexander, who is a former top manager of the Mail.ru Group, the most active venture investors in Russia and is the founder of kraudinvestingovoy site Venture Club.

= Pre Sales=

Token will be distributed in 2 stages, the schedule below. During TGE, a etereum "ERC20" token will be generated as a placeholder and distributed to participants, so that placeholder tokens can be traded on exchanges open before the blockade Universa aired. Participants can choose to claim their placeholder token immediately through distribution to the Ethereal, wallet or waiting to claim their prize until after the Universa Platform operation.

The token will be generated and distributed on the main Launch Platform blockchain Universa. Participants of the TGE and Pre-Sale that do not claim that placeholder ERC20 "UTN-P" token will share the reward UTN them directly; The token will be sitting in your account "Onsite Placeholder", and holder of the UTN-P will be able to redeem it in Exchange for UTN.