UMI blockchain ecosystem: second transfers, smart contracts and profitable staking The number of issued cryptocurrencies and digital tokens exceeded seven thousand.
The UMI blockchain is based on Proof-of-Authority technology, the concept of which was proposed by Ethereum co-founder Gavin Wood. Smart contracts. UMI — a universal currency instrument with which users can make instant, non-dangerous and free money transfers, as well as multiply cryptocurrency by means of profitable staking. Staking rewards are accrued 24/7. Let’s see the capabilities of UMI in more detail. These include various decentralized money (DeFi) services. staking. In the UMI network, master nodes — authorized large nodes that meet stringent speed requirements. Development of. By forming blocks, and most importantly — they are sent to the blockchain by trusted nodes — master nodes. The difference between PoA and the favorite algorithms Proof-of-Work (Bitcoin runs on it) or Proof-of-Stake (Ethereum plans to switch to PoS) is that there is no competitive race of miners or forgers in the PoA network for the right to be the first to make a block. and get a reward. To do this, you need to make an individual wallet in the UMI blockchain, transfer a certain number of UMI coins to your own address. The user can display them and implement them at any moment. Unlike other staking systems, coins in the UMI system are not frozen after joining a pool. After replenishing the wallet address, you can place your coins for staking in two pools. In the ocean of cryptocurrency projects, it is difficult for investors to recognize promising services at an early stage of development, and in fact, investments at this stage allow you to get the highest profit. This can significantly increase network bandwidth. In addition, UMI — a real blockchain platform capable of executing smart contracts of any difficulty. Translations The UMI network has a throughput of about four thousand five hundred transactions per second. This significantly surpasses similar characteristics of most other blockchains, including such favorites as Bitcoin or Ethereum. They remain in the user’s wallet, and no one has access to them, except for the owner. UMI — one of the young projects мейд at the junction of decentralized money and digital assets, which attracts attention not only with its unique functionality, but also with the declared development plans. At the moment, UMI coins can be mined in two staking structures (pools) — ROY Club and ISP Club. umi review The UMI blockchain allows you to create a huge number of specialized functional smart contracts, including those suitable for integration into e-commerce services or for launching decentralized autonomous organizations (DAOs).