What is UPRO and what does it solve?
ULTRAPRO (often referred to as “UPRO”) seems to be a blockchain system that aims to provide a higher degree of centralization and control while retaining fast network confirmations and security. Here are its primary features and solutions:
- Centralization and Control: Unlike many traditional blockchains which emphasize decentralization, ULTRAPRO seems to lean towards a controlled environment. This can offer benefits such as faster decision-making, quicker implementations of upgrades, and potentially increased security against certain types of attacks. However, it might come at the expense of reduced trust in the system by users who value decentralized consensus.
- Fast Network Confirmations: ULTRAPRO promises quick confirmations, which can enhance user experience, especially for transactions that need speedy validation.
- Security: The system appears to employ a PoA (Proof of Authority) consensus mechanism. With PoA, validators are pre-approved and thus the chain can process transactions more rapidly than Proof of Work chains like the original Ethereum mainnet. Validators are selected based on the amount they’ve staked and their reputation. The mechanism for double-sign detection and other slashing logic ensures that malicious or faulty nodes are penalized, which should add to the network’s security.
- Ethereum Compatibility: ULTRAPRO seeks compatibility with the Ethereum mainnet. This is a strategic move, as it allows for easier migration or integration of dApps (decentralized applications) and other components from the existing Ethereum ecosystem. This compatibility means that developers who are familiar with Ethereum can easily work with ULTRAPRO without much additional learning.
- Future Proofing: The system plans to keep pace with Ethereum’s updates, ensuring that it remains relevant and compatible with the latest developments in the Ethereum ecosystem.
In summary, UPRO (ULTRAPRO) offers a blockchain solution that balances centralized control with the benefits of blockchain technology. It aims to provide fast, secure transactions and maintains compatibility with the well-established Ethereum ecosystem.
Coin Overview
- Coin name: ULTRAPRO
- Coin symbol: $UPRO
- Total supply: 1,090,000,000
- Total circulation Supply: 10,000,000
Coinstore Listing
- Trading pair: UPRO / USDT
- Trade time: 6 Sep 2023, 22:30 (UTC+8)
- Withdrawal time: 6 Sep 2023, 22:30 (UTC+8)
What are the utilities of UPRO?
Digital Asset Exchange:
- Send and receive UPRO Coin: UPRO can be transferred between parties on the ULTRAPRO blockchain.
- Issue new tokens: Users and developers can create new tokens on the ULTRAPRO platform to digitalize assets.
- Use ULTRAPRO as the underlying network: For the exchange or transfer of these digital assets.
Smart Contract Functionality:
- Ethereum Compatibility: UPRO has compatibility with the Ethereum Virtual Machine (EVM), which provides the capability to execute smart contracts.
- High Throughput: ULTRAPRO aims to offer high transaction speed, even while supporting smart contracts.
Support for Ethereum Ecosystem:
- Easy Transition for Developers: Since UPRO is EVM-compatible, developers can seamlessly port their projects from Ethereum.
- Integration with Existing Tools: Tools and dApps that are made for Ethereum can be easily adjusted to work with UPRO. For instance, users can easily configure MetaMask to interact with the ULTRA PRO blockchain.
Blockchain Exploration and Development:
- Explore transaction history: Users can view transaction histories and blocks on the chain via tools like UPRO SCAN, API, and node RPC interfaces.
- Run a Full Node: Developers have the option to run a full node, allowing them to listen to and broadcast updates on transactions, blocks, and consensus activities in real-time.
- Develop tools: Developers can create wallets and other tools to assist users in interacting with dApps on the ULTRAPRO platform.
Protocol – PRO20:
- Compatibility with ERC20: The PRO20 protocol on UPRO is an extension of the standard ERC20 protocol, offering more interfaces and functionalities.
- Deployment: Developers can effortlessly deploy tokens on the UPRO chain, benefiting from additional interfaces such as getOwner and decimals.
In summary, the utilities of PRO (UPRO) lie in its digital asset exchange capabilities, smart contract functionalities, support for the Ethereum ecosystem, blockchain exploration and development tools, and an enhanced protocol.
What does the project ecosystem include?
Ethereum Compatibility:
- Existing Ethereum Mainnet Integration: UltraPro aims to be compatible with the mature applications and community of Ethereum. This enables dApps, ecosystem tools, and components of Ethereum to work with UltraPro seamlessly.
- Ease of Implementation: Operating an UltraPro node requires similar expertise as that of Ethereum, which can facilitate adoption.
- Forward Compatibility: There’s a provision for UltraPro to keep pace with future Ethereum upgrades, ensuring that it remains relevant.
Consensus Algorithm:
- Proof of Authority (PoA): UltraPro uses the PoA consensus mechanism where a select number of approved nodes (validators or authorities) are given the rights to create new blocks and validate transactions. The selection is often based on reputation, identity, or stake.
Performance and Scalability:
- Higher Throughput: With the PoA consensus, UltraPro can process transactions faster and handle a larger volume of transactions as compared to PoW or PoS.
Trusted Validators:
- Predefined Authorities: UltraPro operates with a set number of trusted and approved validators who are known and vetted by network participants.
Reduced Energy Consumption:
- Energy Efficiency: Unlike PoW, PoA does not rely on computationally intensive mining, making it more environmentally friendly.
Governance and Compliance:
- Network Control: The predefined validators have more control over the network, making it possible to enforce regulations and consensus rules effectively.
Resistance to Attacks:
- Mitigation against Sybil Attacks: The use of PoA and a predefined set of validators makes it challenging for attackers to flood the network with fake identities.
The project ecosystem thus revolves around its Ethereum compatibility, the PoA consensus algorithm, an emphasis on performance and scalability, a reliance on trusted validators, a focus on reduced energy consumption, and strong governance and security measures.
UPRO Official Media
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