UMI coin review

19 Th10

UMI cryptocurrency review

The difference of PoA from the favorite algorithms of Proof-of-Work (Bitcoin uses it) or Proof-of-Stake (Ethereum plans to use PoS) is that in the PoA-network there is no competitive http://stopcryptofraud.com/umi/ race of miners or foragers for the right to be the first to make a block and get a reward. UMI blockchain is based on Proof-of-Authority technology, the concept of which was proposed by Ethereum co-founder Gavin Wood. In addition, UMI — is a real blockchain platform, capable of [...]

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19 Th10

UMI cryptocurrency overview

The formation of blocks, and most importantly — sending them to the blockchain is done by trusted nodes — master nodes. UMI blockchain allows you to create a huge number of specialized functional smart contracts, including those suitable for integration into online commerce services or for launching decentralized autonomous organizations (DAOs). Let’s look at UMI abilities in details. UMI — Universal currency tool, through which users can make instant, safe and free money transfers, as well as increase the [...]

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