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 amount of cryptocurrency by means of profitable stacking. UMI — one of the young projects мейд at the intersection of decentralized money and digital assets, which attracts attention not only by its unique features, but also by its stated development plans. stacking. Transfers The UMI network has a throughput of about 4,500 transactions per second. Smart Contracts. This greatly exceeds similar characteristics of the majority of other blockchains, including such favorite ones as Bitcoin or Ethereum. development. You need to make an individual purse in the UMI blockchain, transfer a certain amount of UMI coins to your own address. Rewards for stacking are accrued on a 24×7 basis. After refilling the wallet address, you can put your coins for stacking in two pools. A user can withdraw and implement them at any moment. At the moment, to mine UMI coins is possible in the 2-stacking structures (pools) — ROY Club and ISP Club. Unlike other systems that work with stacking, UMI coins are not frozen after joining the pool. In addition, UMI — is a real blockchain platform that can execute smart contracts of any complexity. These include various decentralized money services (DeFi). They remain in the wallet of the user, and no one has access to them, http://4crypto.info/umi-blockchain-review-is-a-universal-monetary-instrument-with-a-lot-of-advantages/ except the owner. UMI blockchain is based on the Proof-of-Authority technology, a concept suggested by Ethereum co-founder Gavin Wood. In the UMI network, the master nodes — Authorized large nodes that meet stringent speed requirements. UMI blockchain ecosystem: second transfers, smart contracts and profitable stackingThe number of issued cryptocurrencies and digital tokens has exceeded seven thousand. In the ocean of cryptocurrency projects, it is difficult for investors to recognize promising services at an early stage of development, and it is precisely investments at this stage that allow to get the highest profit. The difference between PoA and the favorite algorithms of Proof-of-Work (Bitcoin uses it) or Proof-of-Stake (Ethereum plans to switch to PoS) is that in the PoA-network there is no competitive race among miners or foragers for the right to be the first to make a block and get a reward. This greatly increases the throughput of the network.