The cryptocurrency industry, powered by the Blockchain changed the way we looked at fiat currencies and has brought about a lot of innovations and changes in sectors that are far and widely not even related to it.
The premise is simple, store all the happenings and transactions in blocks with each subsequent one being linked to the previous one. This makes sure that it cannot be tampered with and can be accessible by other with the proper permission. This means that everything is recorded ad can be verified later on.
The cryptocurrencies were shunned upon not garnering positive attention, same as when many other really radical and world changing ideas were first introduced. Look at the press coverage that it gets now, with it becoming the most sought after investment option. Though volatile, it still has provided a lot of returns to the early adopters, making them millionaires for investing few hundred or thousand dollars into it.
It is being used to power a lot of new projects and platforms and the humanities imagination is the limit on the application of this really simple but radical innovation. One can wonder why this was not introduced earlier, like during the times of the DotCom Bubble or at during some other crisis.
Since then, it has grown to such incredible heights. It has become the main focus of investors all around the world and there is basically new project powered by the Blockchain.
The ICO industry is all dependant on a few of the Blockchains powering cryptocurrencies such as Ethereum, EOS and Stellar for providing a backbone for their coin. This has remained the same and it is not easy to create a new Blockchain for a new platform and thus they prefer this method. But even this is not as easy or flexile or scalable as being able to have complete control over the Blockchain.
UChain Platform
They plan on solving the above mentioned problems and issues by creating a platform based on Blockchain. This makes it easier for the users of their platform to be able to develop and deploy new coins, tokens and cryptocurrencies for their purposes. This along with the fact that this is powered by Blockchain makes it completely decentralised and the power of say lies in the hands of the users and not in the hands of few individuals.
This along with the fact that it is more secure and transparent to use makes it much more better than current offerings. They are also providing a suite of SDKs and APIs for much better implementation.
ICO & Team
They plan on powering their platform by introducing the UChain () Token and uses the Ripple Consensus Protocol. They have just concluded their Private Sale and are planning on holding their Main Sale during Q3 of 2018 with exact dates to be announced shortly. It requires you to be Registered, Whitelisted and KYC Verified in order to participate in the ICO.
The Founders and rest of the team has adequate experience in Business Development, Software Development, Blockchain, HR, Community Management and Design respectively. The advisory board consists of renowned and experienced Business Developers, Analysts, Advisors, VCs, Angel, Investors, Entrepreneurs who also bring along their expertise in fields of Corporate Industry, Business Development, Blockchain, Investments and Finance.
Conclusion
Though there are a lot of cryptocurrencies and Blockchain based platforms that have the similar concept and idea, they still provide the much needed competition required to keep the field growing and make new offerings. It is needed for someone to be able to take the monopoly that the Ethereum Blockchain holds over this area.
It remains to be seen if they can deliver on their promises and make this platform a viable one in the coming times.
Website - https://uchain.world/
Whitepaper - https://uchain.world/css/img/pdf/uchain-whitepaper-dbe5656d6c.pdf
Telegram - https://t.me/UchainEcosystem
ANN - https://bitcointalk.org/index.php?topic=4667269.msg%msg_id%
Published by - smithjones
Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1936039