UltraNote is a decentralized privacy protected blockchain platform With instant untraceable encrypted messages, Secure CPU efficient ASIC resistant mining. UltraNote haseen designed to solvehe core problems inherent to two ofhe most important aspects of everyone’s daily life which are; communication andxchangingoney which requires both privacy and security. With UltraNote anyone, anywhere at any time, you can execute instant borderless fund transfer, send instant messages and deposit coins for interest, for example, the banks charge massive fees and if you want to save money at the bank with inflation higher than interest rates on deposits you are paying the bank to keep your money and allow the banks to moreover make profit on your head while you are losing money. Save 100$ at the bank in 1 year, your 100$ will be worth 97$ without taking into account the fees. XUN provides you with deposit facilities paying the interest rate and while fiat currency depreciates XUN will appreciate due to capital gains as mass adoption grows. The ultra note ecosystem has been developed on top of the CryptoNote blockchain distinctively for an unchallenged confidential financial transaction we all know that financial regulators have control over our hard earned cash when it is in the banks. Before you send 10,000 dollars you need to justify yourself to the bank actually here in Uganda you cannot withdraw more than 10,000 dollars a day but XUN is here to provide you with privacy when transacting your money and it is what it want s every one to adapt to.
Until today there has been no proven confidential avenue for private individuals as well as high profile organizations to either message their peers/ associates or transfer files since the regular social media platforms or regular messaging platforms are a nag with backdoors for government ear dropping. With UltraNote both private users, as well as high profile organizations dealing with confidential clients’ information, will have the opportunity to not only optimize the level of privacy they operate with but also cut costs by reducing friction costs which makes XUN limitless( total direct and indirect costs associated with the execution of a financial transaction)
image sourced from ultranote web page.
WHAT ARE THE KEY FEATURES FOR ULTRA NOTE.
- A good diversity of wallets - for Windows, Linux, Mac. Paper and Online wallets are also available.
- Mining available from the GUI wallets.
- Very low transaction fees - for as little as 0.001 XUN allowing for micro-transactions.
- Fast transaction times – Blocks are cleared every 2 minutes which is 5 times faster than any other cryptocurrencies
- Secure messaging - feature allowing you to send messages with your transactions. This is something that is making the XUN stand out .
- Deposit System – Now this is a feature that most people use a lot. You basically become your own bank. You can deposit and lock your coins onto the blockchain for between 1 and 12 months and gain 0.25% to 3% interest.
As a Privacy Coin: Only the wallet addresses of users are relevant for transactions; No Name, No identity, and No IP address will be attached to the wallets.UltraNote has the objective to provide a truly Anonymous as well as Untraceable communication and financial solution by offering the following services
- P2P Anonymous and Untraceable Fund Transfer.
- P2P Encrypted messaging
- P2P IPFS Encrypted File Transfer
- Bank -like fixed deposit 3%interest per year
- wallet Integrated CPU mining which allows anyone with a computer to mine UltraNote coins at minimum
costs.
If you want to know more the Ultranotes please refer to the following sites
https://forum.ultranote.org/viewtopic.php?t=13
https://ultranote.org/
https://ultranote.org/WHITEPAPER_ULTRANOTE2.0.pdf
Thanks for reading and feel free to ask more questions about Ultra note.
be blessed
Irene
@ireneblessing , thanks for sending in your post. 300XUN has been sent to your XUN wallet.
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Woow thanks alot
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Bit-coin - and other decentralized Crypto-currencies - allows people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank. Banks generally charge fees for doing anything with money, even just holding on to it. That's because the banks have created a level of trust that transactions pass smoothly and everything is recorded and accounted for correctly.
You say
If messages of the transactions are untraceable, then in my opinion this may create the possibility and indeed the tendency of fraud which is against the total idea and principle of the block-chain technology. Maybe I haven't appreciated the concept of this "UltraNote" your talking about, however there should be clarity on its idea of confidentiality associated with the element of 'Untraceable communication and financial solution..."
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