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As a new user, you can start using UTcoin, without the need to understand the technical details. Once you install a UTcoin purse on a computer or mobile phone, it will generate your first UTcoin address and can generate more addresses at any time you need. You can put your address to your friends, they will be able to pay UTcoin through this address to you, and vice versa. In fact, this mode of operation with the e-mail is very similar, except UTcoin address should only be used once.
Balance - block chain
UTcoin block chain network throughout UTcoin common share confidences ledger. All confirmed transactions are included in the block chain. Thus, UTcoin wallet can calculate the available balance, and to verify new trade Consumer spending is indeed their UTcoin. Integrity and chronological chain of blocks is made to ensure the cryptography.
Trading - private
Transaction is the value of the transfer is included in the block in the chain between UTcoin wallet. UTcoin wallet holds a called private or confidential data used to seed the transaction signature, which provides mathematical evidence that these transactions from the purse of the owner. This signature also ensure that the transaction will not be modified by any person. All transactions between the user broadcast, generally beginning to be confirmed by UTcoin network in the next 1 minute a process called mining of.
Processing - mining
Mining is the transaction data to be included in the block chain confirmed in order to complete these transactions confirm distributed consensus system. By mining, can guarantee data mandatory block chain stored in chronological order, to maintain neutrality UTcoin network and allows network on UTcoin agree on a different computer system status. Transaction to be confirmed, must be packed into a block of very strict compliance with the rules of cryptography and verified by UTcoin network. These rules prevent modification of an existing block, because once there are changes, after all blocks will fail. The difficulty of mining is difficult to determine, no one can easily, continuously new block is added to the block chain. Therefore, no one can control block chain contains the kind of content or replace parts of the block chain in order to achieve the purpose of reducing their cost.
Depth exploration
This is just a very brief summary about the system. If you want to know the details, you can read the original paper, this paper describes the design of this system, you can read the developer documentation, and understanding UTcoin wiki.
I think I will create a difficult to determine UTcoin
UTcoin features:
UTcoin pay safe and cheap.
UTcoin lowest rates
UTcoin password protected highly secure it can be used efficiently and inexpensive way to process transactions. UTcoin network via incoming and outgoing payments almost no fees. In most cases, the cost of not strictly required, but if you want to speed transactions, it is recommended to pay a very small fee.
UTcoin prevent fraud
Any accepted credit card or PayPal payment businesses are aware of the problem after the revocation of the payment. Chargeback fraud limiting the open market and causing prices to rise, and ultimately bad for consumers. Fees paid UTcoin irrevocable and security caused by fraudulent means will no longer be borne by the merchant.
UTcoin efficient international payments
UTcoin can be transferred to Canada from Africa in 1 minute. In fact, UTcoin there is no actual physical location, so you can not limit, without delay, and low-cost transfer to any place. Here there will be no intermediate banks make you wait three days.
UTcoin do not need to comply with PCI standards
To comply with the PCI standard, accept credit cards online payment usually requires a lot of security check. UTcoin still requires you to protect your wallet and payment requests. But you do not assume your customers handling sensitive information, such as credit card numbers cost and responsibility, when generated.
UTcoin free access visibility
UTcoin is an emerging market, where customers are looking for new ways to consume UTcoin. UTcoin merchants to accept payment, not only to acquire new customers, but also enhance corporate visibility. For an online business, the acceptance of new payment methods, often proved to be a wise move.
UTcoin multisignature
UTcoin there is not a widely known: The only group of people in a considerable number of people on the transaction signature, UTcoin can be used for consumption (so-called "m of n" transactions). This is equivalent to multisignature check system before the good, the bank may still continue to use today.
UTcoin transparent accounts
Many organizations are required to provide the operational activities of the accounts file. Use UTcoin allows you to provide the highest level of transparency, because your members can verify the information you provided your account balances and transaction records. Non-profit organizations can also allow the public to view the contributions they receive.
UTcoin is the most simple, low cost way currency exchange
UTcoin mobile payments easier
UTcoin mobile client will be able to complete the payment in two steps - scanning, payment. No registration, no credit card, no need to enter a password, no signature. When accepting UTcoin payment, just let your friend scan your wallet phones applications UTcoin two-dimensional code, or touch two handsets (using NFC radio frequency technology) can be.
Security and control UTcoin funds
UTcoin transactions are protected military-grade encryption technology. Nobody can charge you money, or pay your behalf. Therefore, as long as you take the necessary steps to protect your wallet UTcoin so you can take control of their money, and provide strong protection against various forms of fraud.
UTcoin available anytime, anywhere
Like email, you do not need your family to use the same software or service provider. We can according to their own preferences UTcoin client - this was no problem; for using the same open source technology, so they are fully compatible. UTcoin network regardless of holidays all year round!
UTcoin efficient cross-border payments
UTcoin can be transferred to Canada from Africa in 1 minute. Do not slow down the progress of the bank, no outrageous fees, transfers will not be frozen. You can use this approach to family remittances abroad, you can also pay your neighbor the same way.
UTcoin zero or very low cost
UTcoin credits allow you a very low cost payments and receivables. Except for very small payments and other special circumstances, UTcoin no mandatory fee imposed. Of course, we encourage you to voluntarily pay a slightly higher fee to expedite confirmation and reward UTcoin network operations teams trading.
UTcoin protect your identity
UTcoin no such credit card numbers as people with evil intentions can easily be collected and used fake identity thing. In fact, just as the use of physical money like you do not even disclose the identity can also be paid. Nevertheless, it should be noted that spend more effort to protect your privacy.

Specifications:
Release date:
Quark algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)
Block reward is controlled by: 2265785/(((Difficulty+2600)/9)^2)
CPU mining
Block generation: 15 seconds
Difficulty Retargets using HEllo
7% decrease in the number of coins generated per year
Est. ~~ Max Coins

UTsend Progress Reports:

Downloads:

Pools & Exchanges:

Other tools
Paper Wallet:
Blockchain Explorer1:
Blockchain Explorer 2:

Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: hellobilljoygo on June 22, 2015, 02:37:18 PM