Dec 29 2018
Embracing Uplexa, a Breakthrough for Modern Lifestyle
Modern lifestyle demands you to be creative, dynamic and more innovative. Almost all aspects in people’s lives are developed, including financial industry. Therefore, we can see how there are plenty of banks, financial advisers and also payment alternatives than before. Thanks to the development in the financial industry, now you can enjoy the easiness in paying your bills. Of course, this unique payment method requires the use of technology-based devices. By considering them, you also need to know how you can improve your modern lifestyle.
Being a modern citizen with plenty of things to do means you need to get a flexible way to make the payment. Don’t hesitate in choosing the right payment channel to make sure your payment is fully covered. In this case, you can consider the most suitable payment method for your need. But, the payment method itself should be flexible for you to do, so you don’t get any difficulty in doing the transaction.
The Challenges in Modern Citizenship
If you’re in a late, digital payment, then you will need to know how you choose the channel. Although almost all banks have provided a digitalized payment method, selecting the right option might be difficult to do. Therefore, considering the payment channel means you need to be really selective. Especially when you choose the right choice for improving your need in paying your bills effectively. In this case, the growth of technology also makes the breakthrough seems more useful than before. But, it will also be a good option for everyone as there will be many alternatives.
The challenges occur when you have way too many IoT devices, but you cannot make the use of them optimally. When it comes to you to synchronize how you use the methods, you also need to understand how these devices work together. In case you consider the device usage, you can apply the most suitable usage of technology and the use of IoT for easiness.
Introducing Uplexa, a New Payment Innovation
The rise of blockchain and cryptocurrency gives impacts on many people to participate in this new world. A world of digitalized currency where you can invest and have lots of revenue making its existence as something important. No wonder, modern people tend to choose this new currency as their investment. But, there is also some unique payment method that has been developed by the IT geniuses.
Uplexa is a new, the simplest payment method for modern people. This platform is a breakthrough in how people make their payment. Especially for the ones who have been using cryptocurrency, choosing Uplexa will be a good solution for a new method of making payments. Uplexa adopts the similar concept like cryptocurrency, but it has some unique features that make this platform as a new, unique method in paying your bills.
There is some key information of Uplexa you need to know as follow:
- Uplexa is a p2p payment method, which is more flexible as it facilitates the use of IoT in the practice of its work. When it comes to you to choose the right approach for paying flexibly on the digitalized world, Uplexa is the best option you can get.
- This platform improve the use of IoT devices, making sure that every tool which is connected to the internet will be useful. By facilitating the transaction using the IoT, plenty of people will get lots of benefits, as the use of IoT devices has been increased.
- Uplexa also facilitate an anonymous payment, making sure that you can get the right amount of transaction without having to get confused with any problems in the identification. It is an ASIC resistant that will give profits to the users.
- This platform also provides the right option for the users to access and get the coin from the web, making sure that they can get more profits from the network. Therefore, the blockchain system will be a lot easier to consider. There is also a downloadable application that will ease the use of the platform.
Uplexa is indeed a new and innovative option for everyone who is longing for getting a flexible payment method. For you who are looking for more in-depth information about this unique platform, you can visit their official website at https://uplexa.com/. By visiting their site, you can get more insight into what their core value is and how they work.
How Uplexa Works to Facilitate Private Payment
Uplexa, in its White Paper, describes its features as an excellent solution for you who are looking for security in paying your bills. Using the default CryptoNight algorithm as its system, plenty of benefits you can get from this platform. You can get more information about its vision and how it works by downloading their White Paper at https://uplexa.com/content/uPlexa-Whitepaper-EN.pdf. In their White Paper, you will find plenty of information about this new platform.
You might also want to know how this platform works. As a unique platform for an anonymous payment, you will get lots of benefits by using it. When it comes to you to use the platform, it works as a good measurement for your IoT. As there are so many electronic appliances at homes such as desktop, smartphones, smart kitchen appliances, and others, you can synchronize the devices with Uplexa. The system will work effectively in the developing countries, especially for the ones whose electricity bill takes up to 20% of their monthly salary.
In this case, Uplexa uses the idle usage of each IoT at home to get the profit for the users. Of course, this concept will make sure that your electricity payment will be more accessible and more affordable. To make sure that it works well in every household, Uplexa makes sure that your program will be a good thing to give you profit for the work. There are some ways the platform will work for you:
- Uplexa will harness power produced by IoT for future adoption in massive scale, making the benefits of this unique concept as an impactful solution for the users.
- Uplexa also applies the unique Near-Zero Congestion Model that will be a good option if you work for the off-chain transactions. Everyone who is looking for another simple way to get the off-chain transactions can get the benefits.
- Uplexa will also disapprove any small microtransaction that may occur in the platform. It makes the platform a good option for your investment.
- This platform will also help you in scaling the fees at a higher rate, making it easier for you to get profits for the IoT usage.
The use of Uplexa is the first step for people in welcoming a good way of getting more profits and mining the Uplexa coin from the IoT. As you know, IoT has been distributed to so many people in the world, making the use of the device more profitable. With the widespread of IoT all over the world, you can get the most of it ideally. You can also access more information about Uplexa by visiting https://discord.gg/a7mAQwJ.
The Offered Features of Uplexa for the Users
With the innovative concept for the users, of course, you will find Uplexa as a new and innovative way to improve your work. To ensure their users get the most profits, Uplexa provides some features that will be beneficial for everyone, such as:
- On and Off Chain features in this platform will make sure that you can get good adaptability for the transaction as it provides the piecing of on and off chain technology. Of course, using this feature will add more fun for your need.
- Just like how it works, Uplexa enables their users to mine from IoT devices in households. Uplexa focuses on how profitable mining is possible for the users, making sure that Uplexa can be a decentralized currency for many kinds of payments. For further information, you can access their updates at https://www.reddit.com/r/uPlexa/.
- Uplexa also provides the anonymity for their transaction. Every user who is looking for privacy and security will find this feature as a good start. This platform uses only the modified cryptonight algorithm, making sure that every transaction you make in Uplexa anonym and impossible to trace.
- Still related to anonymity, plenty of government-based institution making a spy program that will spy the life of every innocent citizen. Realizing that condition, Uplexa makes sure that you can get the anonym and secured transaction using this platform to pay any bill related to the use of IoT.
- This platform also makes sure every user of their product will enjoy a fast transaction using their sophisticated technology. With the use of NZGM, there will be only 2 minutes block times. Of course, you will find it as a good option for paying your bills.
- Getting the benefit from your IoT is also more comfortable when you choose to use Uplexa. This unique platform will give you IoT powered eCommerce, making every transaction that you can do for purchasing services and products easier by using your IoT power.
- Security is also a useful feature from Uplexa you will get for good. As a payment platform, Uplexa gives a good, secure platform for doing any transaction. This platform works well for you to get p2p consensus network, enabling you to feel safe and secured during your purchase.
- As a new thing in this industry, you will find plenty of alternatives. But, you can also get the benefits from Uplexa as it is an open source product, making it an effective blockchain. So, you will get many benefits from it.
Understanding Uplexa Bounties and How to Get Them
Just like any other blockchain, Uplexa also provides the best way to make your investment easier. In this case, Uplexa gives bounty awards for their users, making this platform as an option for a practical choice for you. To get more insights about how Uplexa spreads the bounties for the users, you can access their ANN Thread at https://bitcointalk.org/index.php?topic=5058404. There, you will get some information that will be useful for understanding this unique platform.
Besides its uniqueness, you need to also know some of the most straightforward, most attractive features from Uplexa to spread its bounties. In this case, to make the most of their investment from this bounties. Here are some unique things you can get from Uplexa’s bounties:
- In their system, Uplexa utilizes 7% premine for fund the infrastructure for the users. For example, this 7% premine will generate the airdrop, bounties, and others. Of course, this allocation will make sure everything runs well in Uplexa’s system.
- If you’re interested in getting a bounty from Uplexa, you can get them by cooperate with the platform for signing various partners so it can reach its optimum potential for giving the best services and investment for the users.
- Uplexa will also give some awards to the team members. Of course, it means each team member will get benefit from the use of their services in Uplexa.
- There is also a translation bounty that will be unique and beneficial for you, as there are so many audience targets in Uplexa. By providing an excellent translation for the targeted audiences all around the world, the official website and white paper will be easier to understand. This change is giving more potentials for the people all around the world to participate.
- Uplexa also provides the bounty with for the ones who get the medium for the bugs inside the Uplexa and its sub-platforms. Of course, it will be a good start for you who love working with technology to unveil if there is any error in Uplexa system.
So, those are some insights into how Uplexa distributes their bounties. You can also take parts of being their partner in acquisitions and others, making sure their products will give impact all around the world. Their detailed updates will be easy to access from their Twitter account at https://twitter.com/uplexacoin. There, you can also find plenty of information related to the development of this platform. Of course, you will never see this platform as an annoying thing to try. Besides giving the most of idle power used by your IoT devices, you can also get a smart investment!
May 22 2019
Harmony: a Breakthrough platform for a better future
The emergence of bitcoin in 2008 has brought various changes in the world of blockchain technology. After the rise of bitcoin, the concept of blockchain has spread across the globe. With the popularity of bitcoin from year to year, automatically many people also find out the idea of blockchain, which is the supporter of the cryptocurrency.
To be reminded, bitcoin appeared in 2009 where there was someone named Satoshi Nakamoto, and many people claimed he was the one who discovered the digital currency. Bitcoin is the first digital money that is implemented, and then, the other cryptocurrency appears.
The bitcoin blockchain is created as a peer-to-peer payment system that makes it easy for users to make transactions because the system is decentralized. In other words, when someone makes a purchase or payment using bitcoin, there is no intermediary to complete the transfer of value. Unlike current transactions, there are conventional banks that are intermediaries between senders and recipients who make operations run longer than using bitcoin.
It should be noted that cryptocurrency is one of the blockchain representations whose presence and the impact can be enjoyed directly by the wider community. It is not without reason why many people invest their money on cryptocurrency because the blockchain system offers advantages that are not found in other systems.
The advantage offered by the blockchain system is a distributed storage system. Blockchain can be said to have no loopholes for failure because data storage is scattered in devices whose networks are spread. Besides, the data storage network can replicate and store copies of the database so that security is also very tightly maintained. Unlike storage systems found in conventional banks whose data is stored only in one center, which is very vulnerable to attack so that when the order is hacked, the data will be more easily spread.
Another advantage is the cost savings when using the system. In transactions or payments made via the blockchain, there are no third parties involved in the transaction. Conversely, every transaction that is carried out only involves related parties. It is because every person or user has access to the same single data permission. Of course, this saves costs for almost all businesses because they don’t need to recruit intermediaries.
Blockchain is a system that has a lot of potential going forward so that it can still be explored to be better. One of them is when, in 2014, Vitalik Buterin developed a new blockchain infrastructure called Ethereum. Ethereum is almost similar to the blockchain that relies on peer to peer networks intending to make Ethereum a smart contracts platform.
White Paper: https://harmony.one/whitepaper.pdf
Scalability as the problem
When ethereum was developed, it was found that no solution could solve the problem of the previous infrastructure. The problem in question is about scalability, where ethereum fails to support high-throughput applications such as decentralized exchanges.
With the obstacles that occur, improvements are, of course, continuously carried out to get a system that can improve the precise application. Many blockchain projects have sprung up offering solutions that are claimed to enhance the quality of operation such as replacing Proof-of-Stake (PoS) consensus Proof-of-Work (PoW) and several other projects that unfortunately cause significant performance. In fact, among the plans, the security and decentralization aspects were ignored.
Until the first public blockchain appeared and claimed to be able to overcome the problem of scalability by using sharding. The blockchain is called Zilliqa. But Zilliqa stumbled by two issues that made him fail to offer a solution. The first is that Zilliqa does not share storage on blockchain or sharding data. The second is that Zilliqa relies on Proof-of-Work, which can cause him to be sensitive to single-shard takeover attacks.
With all the projects that have been tried and the claims of each party that carried out the plan that they have found a perfect solution to the problem of scalability, in fact, nothing has been said to be successful or even close to solving the problem.
White Paper: https://harmony.one/whitepaper.pdf
Harmony is the answer.
Scalability is certainly still a problem even when the blockchain was first created. Many parties are curious to provide solutions to the issues that can be said to be one point of the blockchain weakness. But it seems that the presence of this one blockchain answers anxiety about scalability. It claims to be the next generation blockchain based on sharding that has been tested to be safe, energy efficient and is undoubtedly fully scalable. The generation of this blockchain is named Harmony. Let’s find out more about Harmony.
Harmony comes as a response to the problems of the previous blockchain infrastructure. Harmony comes by combining the results of the best research that has been done before, and the system practices that are adjusted optimally. The notion of Harmony one itself is an open consensus platform which will be expected to become a driver of a decentralized economy in the future. Unlike the previous blockchain platform, Harmony offers a platform with low-latency, high throughput, and low cost.
As the name implies, which is Harmony, this platform is undoubtedly expected to be a platform that unites all needs and becomes a harmonizer for many people’s lives. This platform can be a consideration for people because Harmony does not only offer a blockchain whose scalability problems are solved but also becomes an infrastructure that can later be a place to build various types of applications that require high throughput and decentralization. Applications that can be made on Harmony one are games, decentralized applications, to the AI data market. All of that can be realized thanks to the presence of Harmony.
Harmony has stated that its platform not only resolves scalability issues but also the number of nodes participating in the network of decentralized nodes. Some of you might be curious about how Harmony handles the issue of scalability and what approach the platform does so that the problem can be resolved. So the answer is Harmony using a sharding-based consensus protocol that is adopted, which scales according to the number of nodes that are increasing in the network. That makes Harmony different from other blockchains. Harmony cares about the number of nodes participating in a decentralized blockchain network.
When talking about the technology used by Harmony, another reason why Harmony is the answer to people’s anxiety about the issue of scalability in the blockchain infrastructure is that Harmony believes that maximum optimization is needed that crosses several layers to complete scalability. That is why Harmony takes an approach by applying innovation in networks, systems, and consensus algorithms that are done ten times than what is usually done.
Harmony chooses sharding and pipelining designs because they can effectively handle connection latency and allow throughput to scale to the size of the harmony network. To get a broader range of devices participating in a more decentralized system, they also widened mission lean kernels explicitly made to run their protocols. The way it works is by increasing CPU performance and security.
With the explanation is given about Harmony starting from the issue of scalability to the technology developed and run by them, it seems very appropriate to choose Harmony as a blockchain platform that can support a decentralized economy. It is seen that Harmony is not only a project created only to solve the issue of scalability but also bring the blockchain to a more advanced era.
The breakthrough offered by Harmony
As a platform created to become the next generation of blockchain, Harmony certainly offers breakthroughs in several aspects that are expected to be maximized well to achieve a radically good economy. The following is a breakthrough made in several aspects:
a. Fully Scalable
Harmony’s first breakthrough is on the element of scalability. As we have already known, the issue that is being sought out is the scalability. What makes Harmony is a fully scalable blockchain is the fact that it shards the blockchain states, unlike the previous blockchain which claimed can handle the scalability issue.
b. Secure Sharding
The second breakthrough is safe sharding. One way to solve the issue of scalability is by sharding. Sharding is creating many groups of validators and making them conduct transactions simultaneously. It certainly requires a secure system to process transactions simultaneously, and Harmony has proven that the process of sharding in their platforms is safe due to distributed randomness generation or DRG processes. The function of this DRG is to make the sharding process unpredictable, unbiased, valid, and last but not least scalable.
c. Efficient and Fast Consensus
The third breakthrough that Harmony made is a practical and fast consensus. Harmony Consensus is dynamic because it uses Proof-Of-Stake or PoS, which provides the advantage of saving energy. Whereas the other blockchain uses PoW, which requires them to choose a validator.
d. Adaptive Threshold PoS
The next breakthrough is an adaptive threshold PoS. In this aspect, so that a node can join the network, a bet threshold is adjusted based on the total bet volume. This method is done so that the malicious stalker cannot concentrate on one shard.
e. Scalable Networking Infrastructure
The next breakthrough is scalable networking infrastructure. In this aspect, Harmony uses an Adaptive Information Spreading Algorithm whose function is to spread blocks quickly in fractions or across networks. As for achieving an algorithmic scale cross-shear transaction with a specific amount, Harmony uses the adopted Kamdelia route.
f. Consistent Cross-Shard Transaction
The last aspect of making a breakthrough is regular Cross-shard transaction. In this aspect, the factor that influences the consistency of cross-shard operation is the atomic locking mechanism used by Harmony.
Those are some of the breakthroughs made by Harmony in several aspects of the blockchain. The innovations presented by Harmony are undoubtedly able to provide applications that were previously not feasible on the blockchain to be something that can support a newly emerging decentralized economy. Increasing the trust of billions of people is one reason why Harmony made innovative breakthroughs.
White Paper: https://harmony.one/whitepaper.pdf
Sharding and Consensus
Consensus protocols are a vital element of each blockchain because it plays a role in determining how safe and fast blockchain validators one is to be able to reach consensus on the next block. The commonly known consensus protocol is Proof-of-Work, which is used for cryptographic solutions. Whereas the other consensus protocol, Proof-of-Stake, was used by Harmony as the basis for the selection of the Harmony consensus Validator.
A little explanation about sharding, scalability is an issue of concern in the world of blockchain technology. Every new project that will be launched tries to solve the problem by claiming to have found the answer. But, when Zilliqa, which is the first sharding-based public blockchain, appeared and claimed to have found a solution, the solution offered was not proven to solve the issue of scalability. It should be noted that the issue of scalability is not only a concern for those who work in the blockchain industry but also those in the academic world. This issue has attracted a lot of attention since 2017.
Describing sharding as a solution to scalability problems, before claiming to have found a solution, Harmony has tried various approaches to assign nodes to fractions which of course have been proposed first. Portions referred to are random-based sharding, location-based sharding, and centrally controlled sharding. After going through the process of this approach, it was found that randomness-based sharding was the safest and most recognized solution.
To determine sharding tasks on each node, a mutually agreed random number is needed, and the number must have several properties. Among these are random numbers. Which means that no random number can predict before it is produced. Other features are unbiasable, which means that there should be no bias by any participant when the process generates a random number running. The third property is valid. The meaning can be verified is the observer can verify the validity of the random number generated. Last but not least, the previous property is scalable. Randomness generation algorithms must scale a large number of participants.
White Paper: https://harmony.one/whitepaper.pdf
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