Ultrain

Ultrain

Ultrain is committed to the research and development of the next-generation blockchain public chain. Through innovative breakthroughs in cryptography, it has completely solved the performance problems that plagued traditional blockchain public chains.

Ultrain believes that the blockchain provides a non-deletable, non-tamperable, traceable, and transparent trust computing model. In the future, it will coexist with centralized cloud computing and serve the business community together.

"Ultrain Ultrain" hopes to solve the problem of low performance of the public chain through consensus mechanism innovation. Ultrain calls its consensus framework the random trusted proof mechanism R-POS. Under this framework, the multi-chain architecture system of the main and side chains is adopted. There are two consensus mechanisms for the main and side chains. The main chain adopts the random trusted Byzantine consensus , Theoretically, the TPS can reach 10,000 or 20,000, and the confirmation time is 15 seconds; the side chain uses a random trusted equity consensus, theoretically, the TPS is 3,000, and the confirmation time is 2 seconds.

Yearn announced the launch of Yearn vaults in Optimism: On October 7th, Yearn announced that it will launch Yearn vaults in Optimism, providing mining income opportunities for vaults such as DAI, WBTC, WETH, USDC, and sUSD. [2022/10/7 18:41:58]

The random trusted Byzantine consensus adopted by the Ultrain main chain, at the beginning of each round of consensus, first uses the decentralized true random algorithm of the entire network to select a group of nodes to become the consensus node group, and then uses the improved version of the Byzantine algorithm to reach a consensus node group. The consensus of the consensus nodes is then packaged into blocks and broadcast to the entire network to complete the current round of consensus. As for the random trusted rights and interests mechanism of the side chain, a group of consensus nodes is randomly selected, and the node with the smallest random number is selected as the block producing node, which is confirmed by the witness nodes and completes the current round of consensus.

Co-founder of Multicoin Capital: Only a new base layer with a thousand times capacity can save encryption: Recently, Kyle Samani, co-founder of encryption hedge fund Multicoin Capital, tweeted continuously that the violent fluctuations in the encryption market that occurred in the past few days showed that, including DeFi Many cryptographic applications, including many, lost integrity and synchronization during mass liquidation, causing an asset to have different prices on different platforms at any time, "We need to accept the reality that the crypto market is collapsing .”

Samani is not optimistic about most of the current solutions aimed at solving cross-system interoperability problems, such as sharding, optimistic roll-ups, Lightning Network, etc. He pointed out that neither Bitcoin nor Ethereum seem to have a chance to solve these disclosed problems. Perhaps, only with a completely new technical foundation, "a new base layer with a thousand times the capacity would be the most obvious solution technically, but the hardest societally (since there are so many bitcoins and Ethereum vested interests)". [2020/3/15]

The two consensus mechanisms of Ultrain are a group rather than a single machine participating in the consensus, ensuring security; and the randomness of participating consensus nodes makes it difficult for attackers to determine the attacking node. At the same time, the device fingerprint is used to score and verify the machine to ensure the reliability of the entire network nodes. The random credible proof mechanism adopted by it consumes the computing power consumption of the PoW consensus mechanism on the premise of achieving the same level of security as PoW, improving performance. The free computing power can be provided in a form similar to cloud computing services to provide various computing services to serve the real economy.

News | Dunamu Subsidiary Launches Escrow Service Powered by Ledger Vault Technology: DXM, a subsidiary of Upbit operating company Dunamu, has launched an escrow service called Upbit Safe. Targeted at institutional investors, the custody service will leverage Ledger Vault security technology to improve transaction efficiency and security for DXM's clients. (The Block)[2019/12/5]

The blockchain has a very broad application scenario in the future, and what it brings is not incremental but subversive innovation. The reason why relevant applications have not emerged is that the current underlying infrastructure cannot support the landing of large-scale commercial applications. He believes that the blockchain represents a non-tamperable, traceable, and transparent trust computing model, which will coexist with centralized cloud computing in the future, rather than completely replacing the existing Internet. Future commercial applications should also be a combination of centralization and decentralization.

Guo Rui, CEO of the Ultrain team, is the former technical director of Alibaba's security business group and the head of the data team; CTO Li Ning has more than 11 years of experience in the Internet industry, and was the chief architect of the Alipay blockchain team and the core of the Alibaba Cloud OS operating system. Architect; CSO Liao Zhiyu is the founder of Pioneer Capital. He has nearly 10 years of investment and business operation experience.

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