The revolutionary technology brought by the Bitcoin phenomenon came with many promises, but also with many problems. In reality, the crypto coin market overall hasn’t delivered and have not reached its potential.
Ucurrency introduces brand new technology aligned with a new token economy approach, solving the issues faced by current solutions available.
We are a cryptocurrency and decentralized public blockchain project whose main goal is to replace fiat currencies and reach mass adoption, delivering the promises of this new technology.
Check out the promises of this revolutionary technology that will to change the way we exchange and store value. We are talking about cash, credit cards, deposit accounts, IPOs, stock exchange, and many other uses.
See details about the 8 main problems faced by current solutions, preventing it to reach mainstream: inefficiency, scalability, hi-fees, supply and distribution, identification, security, high volatility (unstable prices), governance.
" An international medium of exchange that is not subject to local government monetary policies, nor private companies. That is decentralized, transparent and protected from inflation and depreciation. "
A store of value and payment solution for a global economy, bringing a number of advantages over traditional fiat currencies and services available.
Low to no fees for transactions and accounts. No more credit card fees, bank account fees and transfer fees.
Instant payments and transfers.
As simple as sending an email.
Available to everyone. All you need is an internet access.
Available 24hrs, 365 days/year.
International transactons made the same way as local ones.
An international medium of exchange not subject to local government monetary policies, nor private companies. Decentralized, transparent and protected from inflation and depreciation.
Anyone can monitor and audit every transaction to assure its reliability and accuracy.
Self-governed. No need to trust anyone since the rules are on the protocol, that is open source, transparent, can be runned by anyone, and no one controls, but everyone knows what it does. It’s decentralization through a P2P network makes it hard to be seized or stopped.
Transaction history is chained into one another (hence the name blockCHAIN) through the use of cryptographic hash functions, guaranteeing that no record can be deleted without invalidating the whole system.
Besides the safety from being immutable, transparent and “trustless”, it makes use of proven secure cryptographic technology that has been around for many years, is open and widely studied at major universities, and a consensus among the best mathematicians in the world and the NIST, as the highest standard in computer security.
8 main problems faced by current solutions, preventing it to reach mainstream.
High energy consumption. Bitcoin network spends over 73 TWh/year, enough to power over 6 million houses and equivlent to 0.33% of the world's electricity consumption.
Non-Scalable for daily transactions. Low TPS (transactions per second) and long time for confirmation.
Bitcoin's average transaction fees have kept pace with the increase in its price. At the beginning of 2017 the average transaction fee was $0.392. As of Dec. 9th, 2017 it had skyrocketed to $21.57.
They either depreciate its value through inflation, with new coins being generated that are poorly distributed, or have a huge amount of pre-mined in the hands of its investors and team.
Cryptocurrencies available today do not allow you to identify yourself. As a result, some real life transactions can’t be easily completed, taking advantage of the system, without going through a formal identification procedure “off chain”.
All security is within a SPOF (single point of failure), the user PRK (private key). There are no additional features like: password, identity certificates, multi-signatures, 2FA (2 factor authentication), or private Key recovery.
After hitting a record high close to $20,000 in December, Bitcoin lost 70% of its value to slip below $6,000 in January.
Either too centralized, not always in favor of the userbase, or too decentralized, were no one cares enough.
Yet another cryptocurrency project, but built to be the Ultimate one.WhitePaper Learn More
A new protocol created by our team to solve the main Scalability and Efficiency issues current projects face today. Like BitCoin’s POW, it’s simple, easy to understand and very powerful.Learn More
Developed with the following goals in mind:
Avoid undesired transfer of wealth, not privileging any particular group.
Allow it to be used as a medium of exchange and store of value, rather than speculation.
Provide stable supply and price, transparency, decentralization, and mass adoption.Learn More
Our team members combine decades of experience in software development, managent and financial services. Passionate for technology and eager to turn expetations into reality, we are bound together in a strive to change the world for better.
"Now is the time were we have the opportunity to shape the way we live, and make the world a better place."