UNIVERSA-Faster transactions. Fully Intelligent Contract Customizable Blockchain
Blockchain technology becomes the underlying technology of digital currency turning. in the wheels of this exhibition would require technological innovation in blockchain. Improvements that continue to develop make a weakness will be covered. Blockchain technology has been adopted by a variety of people in business or in other activities. For this time we will discuss about the UNiversa token that is engaged in the development of blockchain technology.
What is Universa
Universa Platform is a new generation of blockchain technology. It uses a contract execution machine and distributed state ledger designed to improve on the basis of Bitcoin and Ethereum technologies by delivering improvements that are imperative for business adoption, with an emphasis on tokenization and contractual agreements. Where the traditional blockchains transact primarily in currencies, Universa is designed to support the token representation of everything from passports to boarding passes, bus tickets or taxi fares; they can be gift cards, vouchers, or gym membership cards.
How they work
The Universa blockchain is a cooperative ledger of state change, performed by licensed and trusted nodes, and is capable of handling thousands or tens of thousands of transactions per second (± 20,000 TPS, http://access.universa.io). This accomplishes this by executing an on-client contract and verifying the result with a 90% consensus algorithm in the creation of each new block.
Universa Solution
- Simple protocol for creating your apps & blockchains.
- Cost of transactions is enormously low.
- Speed of transactions is high.
- Liquidity and smart contracts on Blockchains.
- No bloat
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