Welcome my dear readers. I want to tell you about a unique project.. From the beginning of the announcement of this project, I became actively interested in this creation. After reading the technical information of the project UChain, it becomes clear that in this niche the project should take one of the leading places. The fact that today, in this area there are a lot of projects, the so-called "Scam" projects. Their developers are actively promoting their marketing campaigns and by and large, nothing more, since initially only concerned about the money issue. Against the background of the General unfair projects of UChain, I emphasize with a clear line. Now I tell you why. Let's get started!
The global economy in its modern form is expanding rapidly. But it is often accompanied by problems related to transaction costs, privacy and data abuse. UChain is working hard on a great solution, using blockchain technology to create an innovative creation to eliminate these common problems with peer-to-peer networks. The goal is to create an ecosystem where everyone is free to exchange without intermediaries. The decentralized system will benefit both traders and other users.
Problems with many platforms include excessive transaction costs, trust between users is lame and security and abuse of personal data is not changing. UChain presents unique solutions to these common problems. First, using smart contracts, blockchain for transactions, UChain eliminates intermediaries, which significantly reduces costs. Blockchain smart contracts can provide compliance, authenticity, and legitimacy. The question of trust is solved, because transactions are reflected in the blockchain on the public book, which is very easy to understand.
UChain is going to use what they call a credit card to establish further trust between users. By tracking user behavior, you can use a credit card to authenticate an identity before new transactions. Finally, storage security is greatly improved with UChain. Data from UChain is not stored in a centralized database. They use a distributed storage system that requires a private key to access. This means that the data is only available to the private key owner. Data is also encrypted and stored in chunks on multiple nodes. If one node fails for any reason, the data remains secure.
For transactions on the UChain platform, the UCN token will be used. This token will be the main currency used for all transactions in the system. UCN can also be exchanged for other tokens that are issued within the entire ecosystem.
Team of developers of the project UChain.
UChain has a strategic partnership with U. B Group Holding. It's a big organization focused on common travel solutions and they have over a hundred million combined users and app downloads. U-bicycle is one of their holdings, and U-bicycle will launch its app using UChain. With U-bicycle, the user can either rent a bike or offer it for rent. The transaction data from this app will use the blockchain of UChain. U-Bicycle will also use and connect its DApp to the Wallet service provided by UChain. Once the digital wallet is successfully linked To the user's account, the user can directly use all Wallet services such as payment and token transfer within DApp.
There are a lot of experienced people working in UChain and they are aiming to make it successful. The project has excellent technologies and sensible solutions for current problems in the field of economy. I believe that this project is very attractive for investment today.To learn more about UChain and its development plans, please follow the links below.