Hello! As you know, I'm very interested in projects related to the blockbuster and I spend a lot of time surfing the net, forums, etc. In this large amount of information I see a lot of absolutely useless and even fraudulent projects. After several months I decided to sort these projects and write about those that really cost my time. I hope my articles will be useful and interesting to you.

Lately, in our society, there has been an increasing talk about a global exchange economy. The economy of exchange provides many advantages for society, among which one can note the increase in opportunities for self-employment, the growth of trust and the expansion of business opportunities. However, despite the huge boom in the exchange economy, participants are still complaining about the difficulties they face in using the economy.

Among the main difficulties can be noted the high cost of resources and problems with obtaining and verifying the relevance of the data. After analyzing the existing vulnerabilities, the developers of the UChain platform came to the creation of the basic technology of blockade to solve these difficulties.

Today's theme is UChain Ecosystem. If you do not know what it is, do not close this page, because I will change this fact in the next few minutes. First of all, I must say that I will include links EVERY moment, when it is possible, so you can test them and learn more about everything you want. I think that it will be much more convenient if all information will be collected in one place in an organized manner, and not scattered throughout the network. We will begin by understanding, what is UChain?

UChain is a project aimed at improving the efficiency of decentralized applications to create the first known economic blockchain.

UChain also strives to develop a fantastic networked block system that will be able to solve the problem with the abuse of trust and data in the exchange economy system. To successfully solve these problems, UChain developed a methodology that uses a chain of distributed data, symbolic rewards and a credit card of participants.

The UChain platform allowed all participating companies to release their own tokens, as well as develop an application or software using the platform. At the same time, UChain will be named the best distribution organization.

The digital currency of UChain has a great potential for market value. You can present value in accordance with the latest report on the distribution of the economic market, which will reach about 520 billion US dollars in 2018. In addition, the platform seeks to start generating profits as quickly as possible. For those engaged in business, more applications are attracted and more information is collected. At the same time, the lending rate and technical services will be higher in terms of market value. UCN is not only a digital currency, it can also be used as a variety of UCIs.

UChain includes several independent programmers who exist only to make sure that the platform is effective. These programmers correlate with each other and work together to make this amazing platform the best of its kind.

The platform will use a two-coin system. The primary currency will be the UCN token, and the additional one will be UCP. The first one is used for all types of transactions, for advertising payments, creating smart contracts, as compensation, accrual for investments, etc. Including payment for using third-party applications launched using UChain, for access to which The API and SDK of our own development are used.

The second coin can only be received by the user when the UCN account is blocked. It has great capabilities, because it has the right to vote and can be used to enhance the reputation of the user within the platform. Can be accrued to users who have a long time on their accounts UCN and, thus, support the development of the system. Unlike UCN, UCP will never be traded on the exchange and will not be available in "exchangers".

The remuneration of participants in the system using UCN tokens will be based on the PoA system, the meaning of which is to dynamically recalculate their number and distribute them over the purses of participants at a given time interval.

UChain URC-1 standard allows users of the system to release their own crypto currency, register it in the system and offer it to other participants.

The main algorithm used in the development is RPCA, which is the basis of the Ripple crypto currency. His choice is due to the high speed of processing transactions and how not requiring the use of resources for their conduct.

The essence of the algorithm is the presence of a "voting" system under which there is a constant ping of the nodes of the distributed network, which results in the selection of a "leader" having the only correct base. After that, all nodes synchronize with the "leader" base and the process is started again. Thus, an attacker will not be able to gain the majority of votes and, accordingly, gain access to the bases.

For encryption, the ECC algorithm is used - cryptography with an elliptical curve that requires a smaller key size without compromising security and is used to create digital signatures, random number generators, etc.

The architecture of the platform is multilayered with the following arrangement:

• Blocking
• API and / or SDK for access
• Service layer
• Application

The system of smart contracts concluded in the system deserves special attention. Unlike many platforms that provide ready-made templates, in UChain each intellectual contract is developed by the participants of the system. Then it spreads all over the chain and is stored in the blockhouse, after which it is automatically executed when the agreed conditions come.

In conclusion, it should be noted that this is an amazing platform with a fantastic project. This platform has great potential for solving the difficulties that exist in the so-called branch of economic exchange. The problems that UChain is trying to solve include the improper treatment of participants with private data, lack of trust and higher costs. Thanks to its functionality, this platform allows solving these difficulties, using the viable potential of block-chain technology. This platform is not just some new platform that is just evolving. The platform began its journey as a U-Bike business company, before moving on to UChain.