⛓️Uranium blockchain
Consists of two blockchain PoS and PoW merged with each other
Last updated
Consists of two blockchain PoS and PoW merged with each other
Last updated
Differences from other networks that already exist: Uranium PoS is built on new algorithms. High speeds, throughput of 10000 transactions per second, reduced gas fees (commissions/taxes) to minimal, almost zero values.
Differences from other new projects: Large set of tools working from start to use blockchain. PoS: (dex swap, bridge bsc/eth, add metamask, staking, block explorer) PoW: (add metamask, classic mining, mining pool, block explorer)
What helped to increase speed and bandwidth?
First of all it is absence of mining, blockchain works with validators, they get reward for transactions, not for finding new blocks, so speed of new blocks is significantly increased and doesn't bring new coins, so there is no inflation. Secondly, transaction confirmation - Uranium Pos requires only two confirmations, which significantly speeds up the entire transaction process, for example in BSC network with current conditions transaction speed simply physically cannot be higher than it is now.
As we briefly discussed in the review, we want to reach more of the cryptocurrency community, so we are launching PoW blockchain in parallel to PoS. PoW Blockchain will not slow down the main Pos blockchain in any way The standard set of tools will be available here: Classic mining, mining pool, block explorer. Also, will be created a "pool of capacity", for a decentralized neural network, where the total power will be used to process certain tasks for the A.I.
A blockchain is a public database that is updated and shared across many computers in a network.
"Block" refers to data and state being stored in consecutive groups known as "blocks". If you send UNM to someone else, the transaction data needs to be added to a block to be successful.
"Chain" refers to the fact that each block cryptographically references its parent. In other words, blocks get chained together. The data in a block cannot change without changing all subsequent blocks, which would require the consensus of the entire network.
Every computer in the network must agree upon each new block and the chain as a whole. These computers are known as "nodes". Nodes ensure everyone interacting with the blockchain has the same data. To accomplish this distributed agreement, blockchains need a consensus mechanism.
Proof-of-stake underlies certain consensus mechanisms used by blockchains to achieve distributed consensus. In proof-of-work, miners prove they have capital at risk by expending energy. Uranium uses proof-of-stake, where validators explicitly stake capital in the form of UNM into a smart contract on Uranium. The validator is then responsible for checking that new blocks propagated over the network are valid and occasionally creating and propagating new blocks themselves.
Proof-of-stake comes with a number of improvements to the now-deprecated proof-of-work system:
better energy efficiency – there is no need to use lots of energy on proof-of-work computations
lower barriers to entry, reduced hardware requirements – there is no need for elite hardware to stand a chance of creating new blocks
reduced centralization risk – proof-of-stake should lead to more nodes securing the network
because of the low energy requirement less UNM issuance is required to incentives participation
To maintain interest in the Uranium project, it was decided to make a parallel blockchain on the Proof of work consensus, the community of miners is still large. In this blockchain, a maximum of 1 million UNM PoW coins will be mined, which can be exchanged for UNM PoS. Preliminary calculations show the mining time will be about 5 years. In uranium PoS this will take 10% of all coins. Also on the blockchain Uranium PoW there will be some projects that fit it.
