Week #1 // Just after the Token Sale
It’s been just a week since the end of the Token Sale, but it feels like a whole working month. We are working very intensely and I am glad to keep you updated about what’s going on here and to reply publically to the most frequently asked questions.
Let’s kick off from the last week achievements:
- Universa Blockchain has won a prestigious award Blockchain Startup 2017 in Russia
- Universa already has 700,000 users and the numbers are growing every day
- A new article about a cryptorouble is out now as per RACIB (Russian Association of Crypto-Currency and Blockchain)
- https://m.rns.online/opinions/Kak-kriptorubl-pomozhet-Rossii-preodolet-riski-svyazannie-s-tsifrovizatsiei-ekonomiki-2017-12-15/ (in Russian, sorry)
Last week I spent 3/5 working days in Russia, so we got a lot of local news —
- I have negotiated with Alfa Bank (one of the biggest Russian private banks) the integration of a-la Ripple system based on Universa Blockchain.
- I negotiated with RTS (nprts.ru) the integration with the crypto-exchange Voskhod.
- I held a meeting with the government of the Samara region on the introduction of the Blockchain into public services (colored coins — control of the state budget spending, registration of contracts and transactions).
- We continue our work with the Russian Association of Crypto Currency and Blockchain on the creation of a cryptorouble -https://m.rns.online/opinions/Kak-kriptorubl-pomozhet-Rossii-preodolet-riski-svyazannie-s-tsifrovizatsiei-ekonomiki-2017-12-15/
We have assembled the team of business developers whose task is to create a pipeline of 10+ projects for integration in January-February and bring these projects to a successful release.
Universa Asia Team held a roadshow in China in the cities of Beijing, Shanghai, Huchzhou, Changxing. During the visit, negotiations were held and presentations of the Universa platform blockchain in the technology parks Zhongguancun, Fengtai (Beijing), the city of Xianghe robotics and the Changxing industrial zone, the University of Shanghai. During the talks, the parties agreed to expand the presence of Universa Blockchain in two provinces of China and the cities of Beijing and Shanghai in order to create a Blockchain Association and a Blockchain Academy for training the elite business workers of China.
As a result of successful negotiations, an agreement on cooperation and integration with Beijin Kuyshu Quantum Technologies Co was signed. It allows Universa to open an office in any of the three technoparks in Beijing, with the support of the state-owned Techcode.
Also, an agreement is being prepared to implement the Blockchain in SmartCity in conjunction with the Greenland Group.
An agreement was reached on the establishment of a structure for teaching about the Blockchain at the Shanghai Institute of Economic Development.
Support // Missed Token
Almost all transactions have been recovered, the users from KickICO who forgot to create an account with us will receive a letter this week, all users will receive an email with a mechanism which will allow them to start transferring tokens to the ERC20 wallet.
SmartContract // Token Distribution
At the moment we are developing two smart contracts to make the total number of tokens in circulation publicly available both in Ethereum (ERC20) and Universa.Network Blockchains. Our current estimation of the time it will take us to finalize and audit the Ethereum Smart Contract — 7–10 working days, for Universa Smart Contract UTN.Final — 10–15 days. We would like to aviod the DAO history, that’s why we are so careful with smart contracts. Hope you understand the importance of this task.
Blockchain Product Development
Universa Blockchain Network // Universa.Network
The release of a new version of the Blockchain (Universa.Network v2.3), which has a built-in mechanism for nodes synchronization that were unavailable for a while, has been published on testnet. When a significant amount of discrepancies accumulated, an additional component of the node (an inspector) should have been used, which would have scanned the ledger and synchronized it with the network consensus. In the rare case where synchronization has not yet passed, the network could mistakenly reject a complex composite contract, and we would have to wait for resynchronization. The protocols of the new 2.3 version recognize this situation automatically and perform resynchronization during the transaction. As the increase in the transit time of such a transaction is non-critical, the network restores the integrity of the data on this contract and makes the right decision at once. This is a planned stage of the network development in the transition from simple contracts and changes to complex ones involving a large number of related contract chains.
Next planned stage for the transition to paid services is calculation and control of the contract capacity price (Gas equivalent). Expansion of the network will allow real-time monitoring of the resources spent on verifying the contract and interrupting the verification when the paid-for threshold is exceeded.
An additional level of “smartness” of related contracts has been introduced and implemented. It allows building relationships such as “if a condition has already been fulfilled earlier and is still active” and “if the result of the transaction is a positive one and therefore the condition has been met”. It allows building significantly more complex network-verified rules and restrictions, for example, several contracts, the change in the state of which depends on the acceptance of another contract within a single transaction. For example, you can now use the certificate of acceptance of work and the check for payment for works as independent contracts that refer to each other rather than to build one very complex contract. Making the connections between the contracts open substantially increases the flexibility. For example, you can now set up a “selling” contract that sells something without defining the amount and method of payment, which can later be linked for the purchase using any type of asset — not necessarily a coin — so the currency type does not have to be specified in the original contract. This brings significant simplification to trading, inter-companies document flow etc.
Universa.Payments // the block of cross-chain payments
UniPayments is a service that will be used for the entire integration with other blockchains(Bitcoin, Ethetreum), including one the release and conversion of UTNP / UTN tokens and TU purchases. This is the core of the system, so it is critically important to put extra effort into security and real field-testing procedures. This is the entrance gate for external and partner cryptocurrencies. At the moment UniPayments is able to accept and send currencies for BTC, ETH, ERC20 and is undergoing the load testing and analysis for vulnerabilities to hacking.
UniXchange // token exchange
We have released first version of gateway for all exchange operations; for the token conversion from TokenSale to UTN / UTNP; a means of control over issued UTNs and so on. UniXchange allows us to start the procedure of converting tokens to UTN / UTNP, the completed works allow you to place it in highly protected private equipment sue to rewriting it in a different language using an inconvenient system. Its performance allows avoiding the use of cloud instances for handling large traffic. In addition, the service now corresponds directly with Universa core libraries, which makes it faster and more reliable.
- Basic functionality: key pairs, crypto cloud & messenger, contracts (including template-based), wallets, transactions.
- Still missing range of important ‘convenience’ features. Beta-testers only.
- Basic functionality: key pairs, authorization & profile, crypto cloud, contracts (including template-based), wallets, transactions.
- Still missing the range of important ‘convenience’ features. Beta-testers only.
You are always welcome to ask us any questions in Telegram on @uplatform (EN) @universa (RU) channels.
Until next week!
Yours sincerely, Alexander Borodich
Founder and Paraniod CEO