Token Mining with Uplexa
Blockchain adoption peaked around December of 2017 with Bitcoin, but Satoshi Nakamoto failed to prepare the mass adaptation, this lead to congestion of bitcoins network, in turn, there were lots of errors like slow transactions and exuberant transaction fees.
uPlexa is a blockchain p2p payment method just like Bitcoin, but it is an improvement of what blockchain has to offer, it has laid down plans to avoid congestion using the Near-Zero Congestion Model (NZCM).
How uPlexa Aims To Utilize IoT Models
uPlexa makes use of a modified CryptoNight algorithm; this is to make it more secure and make payments anonymous.
Using an IoT device to mine have not proven to be profitable that's why we are making some modifications to the algorithms to make IoT mining more profitable. uPlexa as a payment method would be facilitated by IoT devices; this means all transactions will be carried out on IoT devices.
How uPlexa will Influence the e-Commerce industry
According to statistics, the e-commerce industry generates about $2.3 trillion annually. This shows that the e-commerce industry is a goldmine, hence uPlexa hopes to create an e-commerce platform that support various types of cryptocurrencies, including its token (UPX). It also supports Fiat.
While transacting on the platform, you will not be charged until you are making a profit. With uPlexa, e-commerce transactions will be affordable, fast and secured and if you choose to transact using UPX token, you will enjoy 100% anonymity.
UPX
The UPX is the projects own cryptocurrency, it is going to be used as well as other currencies within the uPlexa platform, but it stands out thanks to its anonymous nature. It will help make transactions easier, secured and private.
UPX Details
Token name: UPX
Current Price: USD 0.00019303
Market Cap: $245396.28088869608
Trading volume: $9,203.24
Circulating supply: 1.27 billion coins
Maximum supply: 10.5 billion coins
In 2017, Bitcoin flopped when it had the chance to turn blockchain around for good due to its inability to plan ahead. Where Bitcoin failed uPlexa is poised to take over and make mining possible for all users and interested miners
Visit the links below for more information
Ann Thread: https://bitcointalk.org/index.php?topic=5058404
Website: https://uplexa.com/
White Paper: https://uplexa.com/content/uPlexa-Whitepaper-EN.pdf
https://twitter.com/uplexacoin
Bitcointalk Username: Olamidey
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1168937