About UB Group
Founded in 2017, UB Group is a world-leading blockchain organization. It is one of the first industry service providers to serve small and medium-sized enterprises using blockchain technology as its core. UB group gradually expanded into a large global blockchain ecosystem. Its headquarters is based in the United States with an additional operational capacity based in the Cayman Islands, Taiwan, Singapore, and Hong Kong.
With blockchain technology industry development at its core, the team consists of decorated veterans formally employees of Google and Microsoft, ensuring cutting-edge technology and professional stability in our products. It has a number of industry-supporting brand facilities, covering a complete service system such as blockchain macro data, blockchain research and development, blockchain industry investment, blockchain incubation, asset custody, and trading.
About UB Chain
The world is entering an unprecedented digitalization process, and the virtual world is reconstructing the rules of the real world, which has brought disruptive changes. Since 2018, the blockchain era has rapidly entered the stage of full-speed development of market flexibility, space, and influence. The development of the encryption market has led to the entry of many new users. With the overall prosperity of the application and development of the bottom layer being an inevitable trend of the industry.
After the launch of YouBi ex in 2018, through numerous upgrades and trading, we have accumulated and developed our platform to carry out low-latency and high-speed processing capabilities with intentions to continue optimization and upgrades. With the continuous superposition of industry development depth, centralized platforms are unable to provide programmable expansion applications, users can no longer create or introduce new community governances or applications via smart contracts. Ethereum is undoubtedly the first choice when it comes to application building, but with the increasing number of users on the Ethereum network, network congestion, high gas fees, and low throughput have become some major problems of various applications, with that the market demand for the underlying network is gradually increasing, resolving these issues has become the top priority for these blockchain developers.
With these issues in mind, UB Group has formally proposed the idea of building a parallel intelligent network guaranteeing basic performance and can support smart contracts and create a modular coexisting interaction smart network in the form of UB CHAIN — a high-performance, scalable, customizable, and secure network.
Over the past few years, many new blockchain networks have emerged, each with their own views on how best to create and facilitate a decentralized network of smart contracts. These also foster a kind of virtuous competition, with each network trying to outdo the other in the most peaceful way possible in terms of technical design and implementation. Although UB CHAIN does not have a huge leading advantage among many networks, we must recognize the real determining factors for the success of a network is the layout of ecological applications, which is also the core service direction of UB CHAIN, the achieve maximum value for its holders.
Network Overview
In consideration of creating a parallel ecological network, UB CHAIN realizes that two blockchain networks, the main network transaction chain UB CHAIN (UB-20) and the contact chain UB SMART CHAIN (USC-20), will run side by side according to the network characteristics. Network authentication and protection, while providing different services.
Consensus Agreement
The consensus mechanism is the core feature of an intelligent network, it’s the consensus scheme of the underlying protocol under the distributed architecture. At present, there are many common consensus algorithms: POW, POS, DPOS, PBFT, DBFT, and so forth. No consensus mechanism is perfect, and each consensus mechanism has its advantages and disadvantages. POW consumes high resources with a weak regulation system and is easy to fork. POS no longer needs to consume a lot of energy for mining but does not essentially solve the pain points of commercial applications. DPOS greatly reduces the number of bides participating in verification and accounting on the basis of POS. Second-level consensus verification can be achieved.
UB Chain also adopts a parallel synthesis method UB CHAIN also adopts a parallel synthesis method in the protocol part, drawing on the advantages of the two protocols of DPOS+POS, and optimizing it on this basis. The result of this method is that the verifier of UB CHAIN only needs an electronic device that includes a mobile Internet that can run one of these nodes. UB CHAIN’s mainnet token holders can quickly participate in voting and electing validators, and the mainnet economically motivates the nodes participating in the network to respond positively, thereby ensuring the healthy and safe operation of the entire network and the decentralization of rights. Decentralization greatly improves network performance and community governance efficiency.
Contact us
Website: http://www.ubchain.site/
Twitter: https://twitter.com/UBChain2021
Telegram: https://t.me/ubchaincommuinty
