Published
4 months ago on
November 30, 2023
Table of Contents
- Tackling Blockchain's Scalability Crisis
- An Infinite Scaling Solution
- Infinite Scalability and Decentralization on Demand (DoD)
- U2U Network’s Determination To Success
- The Future Powered by U2U Network
In a remarkable breakthrough in blockchain technology, Unicorn Ultra Network (U2U Network) has introduced an innovative solution to the long-standing scalability bottleneck plaguing blockchain applications. Their novel approach promises infinite scalability, positioning them as a trailblazer in the industry.
Tackling Blockchain's Scalability Crisis
The blockchain industry has long grappled with a critical challenge: scalability. The scalability problem in blockchain refers to the difficulty in handling a large number of transactions quickly and efficiently. As blockchain networks grow in popularity and usage, they often struggle to maintain performance, leading to slow transaction times and higher costs. This issue is pivotal as it directly impacts blockchain's ability to be adopted on a global scale for various applications.
Most blockchain networks have a limited capacity for processing transactions, which leads to delays and increased transaction fees when the network is congested. For instance, Bitcoin can handle around 7 transactions per second (TPS), and Ethereum around 15-25 TPS. In contrast, traditional payment systems like Visa can process thousands of TPS. Scalability bottleneck is the reason why blockchain decentralized services, albeit advantageous, are impractical at the moment. This is when U2U Network steps in.
An Infinite Scaling Solution
U2U Network offers a solution that doesn’t just incrementally improve scalability but multiplies it exponentially. They introduce a groundbreaking solution to blockchain scalability challenges through its two primary components: U2U Chain and U2U Subnet.
U2U Chain is a DAG-based, EVM-compatible chain. Its uniqueness is threefold: First of all, U2U Chain uses DAG as the core data structure rather than the traditional blockchain technology, enabling incredibly low latency and faster transaction finality time. Second, U2U Chain is able to achieve aBFT (Asynchronous Byzantine Fault Tolerance), the most secure consensus mechanism known today. Third, U2U Chain utilized DPoS (Delegated Proof of Stake), a modified version of Proof of Stake that offers higher efficiency, decentralization, and is more environmentally-friendly.
Built atop of U2U Chain, U2U Subnet is a disruptive scaling solution that makes unlimited scalability possible. By implementing an innovative technology called Universal Messages Verification (UMV) and OstracismVM - an original virtual machine, U2U Subnet is able to provide seamless connectivity and interoperability, hence a perfect solution for blockchain real-world applications.
The effectiveness of both U2U Chain and U2U Subnet as well as how effortless the two technologies merge and cooperate results in an astonishing performance by U2U Network: Up to 72,000 TPS (Transactions Per Second) at launch and a peak of 500,000 TPS with only 650 ms transaction finality time.
Infinite Scalability and Decentralization on Demand (DoD)
In addition to its outstanding performance compared to other alternatives, U2U Network also proves to be better than its competitors by being one of the few to realize the demand of decentralized real-world applications. Even though various enterprises have been working on solutions to bring real-world applications into the decentralized realm for its numerous benefits, one big obstacle they struggle to overcome is the incompatibility of legacy systems with blockchain technology.
When onboarding traditional applications onto blockchain, they face many challenges: Integration complexity, data redundancy, cost implications, operational delays, training and onboarding difficulties, and potentially a lot more. These problems can not be dealt with easily because there exists no simple process and framework; therefore, decentralizing real-world applications is a questionable task for most enterprises, regardless of its beneficial advantages and how highly in-demand it is.
However, U2U Network is capable of providing Decentralization on Demand (DoD) services thanks to not only its unlimited scalability network but also its readily available products that make onboarding real-world applications onto blockchain seamless and effortless.
Starting with DPN (Decentralized Private Network), U2U Network aims to provide a wide range of decentralized real-world services such as Decentralized ID, Data Storage, Domain Name System, IoT Devices, Big Data Mining, and Micro Payment. With the limitless ability of U2U Network, their services are expected to expand tremendously in the next few years.
U2U Network’s Determination To Success
On their path to success, the key does not lie in their technical ideas but rather their execution. With their ambitious vision, U2U Network has not failed to demonstrate their deep commitment and dedication through several notable aspects.
U2U Network’s team includes over 200 team members and 40 contributors, formerly from various high-profile companies like Kardiachain, Google, Infina (Y Combinator S21),... It is also worth mentioning their advisors that are experts from Stanford University, RMIT University, and Animoca.
U2U Network has raised a total of $10M in funding from multiple VC names, such as TimeGroup, Maxx Capital, U2Venture,... U2U Network has also caught the attention of a network of enthusiasts and angel investors, including successful business owners in Web2. One mentionable participant is Prof. Augustine Hà Tôn Vinh, a Presidential Special Assistant in the first Reagan-Bush administration and well-known economic development strategies expert with 30 years in over 20 Asian-Pacific and European.
U2U Network has partnered with 28 of well-known entities in the blockchain space, including Klaytn, BIT.com, Chainly, Web3 Space,... The project is also in discussion with more than 250 partners with the aim to expand its reach and meaningful support to a large number of individuals, businesses, and society as a whole, as we are informed.
Most notably, it was recently announced that U2U Network has officially become a member of the Enterprise Ethereum Alliance (EEA). By joining EEA, U2U Network now has exceptional access to cutting-edge advances in Enterprise Ethereum blockchain technology and connections with influential businesses in every sector from around the globe.
The Future Powered by U2U Network
As U2U Network continues to develop and expand its capabilities, its impact on the blockchain ecosystem and beyond is expected to be substantial. By solving the scalability crisis, U2U Network is not just advancing blockchain technology; it is opening up a world of possibilities for how we interact, transact, and leverage data in a decentralized future.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
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