Blockchain technology and IoT devices are two trending discipline in the tech space. Blockchain accrued a lot of attention with bitcoins rise to prominence but nevertheless, adoption of blockchain payment options (cryptocurrencies) has not recorded much real-life application. Unlike Blockchain technology, Internet of things( IoT) devices has received a lot of real-life applications today in diverse fields of life with over 9 billion devices already recorded as of 2018. Even though both inventions run on the internet framework and are characterized by constant data transmission and encryption, IoT devices at the moment outnumber blockchain miners, and collectively boast of a greater computational power/ resources compared to what is available for blockchain mining in the crypto eco-system.
It's important to understand that blockchain and IoT technology can be intertwined, and solutions to the problems bedeviling the blockchain community of today such as privacy, security, scalability, and improvement in transaction performance can be enhanced by leveraging the computational power and widespread distribution of IoT devices across the Globe.
Introducing uPlexa
uPlexa is a blockchain platform that utilizes the computational power harnessed from networks of IoT devices to provide unbeatable anonymous payment and E-commerce services. IoT device owners are encouraged to contribute their idle resources/CPU in the IoT mining process in return for uPlexa (UPX) coins, which goes a long way in compensating the expenses spent on operating such devices. With this harnessed computational power gotten from over 9 billion IoT device (smartphones, smart Tv's, smart Cars e.t.c), Uplexa aims to provide the most efficient anonymous payment option in crypto-space.
It can be quite frustrating when the blockchain gets congested, sometimes this situation has led to transactions taking days to confirm as well as a high transaction fee. In order to mitigate this issue before it even arise, the uPlexa platform implements a Near-zero Congestion model (NZCM) which allows different level of users on the uPlexa platform to engage in off chain transactions, enjoy a powerful hashrate by harnessing the computational power from IoT devices and also use NZCM API for easy integration with applications and website in which users of this platform can be credited internally.
The uPlexa E-commerce initiative seeks to develop a marketplace where users can purchase a host of products, services, designs, plugins e.t.c from webmasters, developer and merchants making anonymous payment using UPX while remaining free from the constraint of Know your customer(KYC) processes. The uPlexa E-commerce initiative is designed to ensure merchants and owners of digital stores on the market place make as much return as possible by utilizing a policy in which digital store owner have free access to their stores until they earn thrice the monthly store fee.
In conclusion, The Uplexa platform already boasts of products such as windows, android, macOS, web-based wallets as well as three miners namely uPlexa CPU miner, uPlexa android miner, SRB GPU miner and lastly Fruity GPU miner. UPX has a circulating supply of about 1.3 billion UPX coins actively trading on exchanges and uPlexa proposes the cheapest option to take part in efficient anonymous transactions in the Cryptocurrency eco-sphere. UPX can be purchased via STEX or Graviex exchange.
To learn more about uPlexa, check out the following channels :
Website: https://uplexa.com
WhitePaper: https://uplexa.com/content/uPlexa-Whitepaper-EN.pdf
Discord: https://discord.gg/a7mAQwJ
Medium: https://medium.com/@uplexa
Reddit: https://www.reddit.com/r/uPlexa/
Github: https://github.com/uplexa/
Twitter: https://twitter.com/uPlexaCoin
Facebook: https://www.facebook.com/uPlexa
Author's info:
BTT username: Mrsparks
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1197564;sa=summary