In order to let more community members who cannot visit Ultrain Nova Product Announcement to better feel the atmosphere, we gathered the product videos here. Welcome to watch! In addition, the complete video of the announcement will be available in the community soon.

The product video about Ultrain’s smart contract — Ultrain Robin Framework

👉https://www.youtube.com/watch?v=-Rk7jKo7pwU


The product video about Ultrain’s consensus — Release R-PoS consensus based conceptual network for verification

👉https://www.youtube.com/watch?v=T4JrMPjz1jQ&t=3s


Thanks for watching!

Ultrain Team
The founding members of Ultrain own the world-class top-notch background of IT, cryptology, computer security, blockchain and finance, possess notable and international resources, hold abundant community operation experience.


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Ultrain Team

NEW YORK, NY / ACCESSWIRE / August 31, 2018 / Ultrain has been selected as a participant in the Microsoft Accelerator Project and invited to participate in the latest annual forum in Yabuli as panel speaker, which is considered to be the “Davos of China”.


Ultrain is a project that is dedicated to the development of Blockchain technology and the establishment of its ecosystem. Meanwhile, good developments continue to happen. Examples include the successful completion of cornerstone financing, official establishment of the Nanjing office, and establishment of a strategic collaboration with Electronic Soul Lab.

See more at:https://medium.com/ultrain-chain/ultrain-joins-microsoft-accelerator-and-invited-to-yabuli-davos-of-china-as-panel-speaker-1992497a748c

What is UGAS Genesis Mining?
UGAS Genesis Mining is an event that starts 24 hours prior to the public debut of UGAS/ETH and UGAS/BTC trading pairs. Only whitelisted users may participate in the Genesis Mining event. During this event, users can trade on the Bgogo platform and receive a 105% trading fee rebate in the form of UGAS tokens. Given the fact that no UGAS trading pairs will be listed during the Genesis Mining event, the value of UGAS will be pegged to ETH at the same price as private sale. This means that whitelisted users can enjoy an extra 5% bonus on top of private sale price, with absolutely NO lockup. The rebate will be paid out to users’ accounts in only 30 minutes after the trade.

Note: During the UGAS Genesis Mining period, trade mining will only rebate UGAS. After UGAS Genesis Mining, Bgogo platform will continue to rebate BGG tokens.

Please see more detail at: https://medium.com/@ultrainchain/ugas-genesis-mining-event-f8e90c39480a

Best,
Ultrain

“Ultrain is not only a public chain, but a full stack decentralized blockchain engine .”

On October 8th, 2018 of Pacific Time, Ultrain, a start-up founded by formal senior technical executives of Alibaba, was invited by San Francisco Blockchain Week (SFBW) for a keynote speech. During the summit, Ultrain also successfully presented its product launch event, namely Supernova, with a theme of being the Decentralized Engine for the Future, the team announced its open testnet, permitted mainnet, as well as the three middleware components; customizable zero-knowledge proof, random number generator, quantum resistant wallet and a number of other on-chain DApp demonstration. Ultrain proclaimed that its smart contract develop framework is now available open-sourced.

For more detail please read article:https://medium.com/ultrain-chain/ultrain-the-next-generation-blockchain-engine-that-pushes-for-technical-advancements-in-a-aeeb8541dfe8

Best
Ultrain Tea,

Emma Liao may look like a fashion icon, but she’s actually one of the most accomplished young businesswomen in China today. She has overseen multiple billion dollar cross-border transactions with many of the world’s top companies, was the founding CEO of China’s first professional ice hockey club team in KHL, and she is now setting her sites on the biggest challenge in tech today: taking Blockchain mainstream. Does this rising star have what it takes to do what Vitalik Buterin and Dan Larimer have failed to do as of yet?

Looking at her background and connections, the answer may actually be yes. Emma has nearly 10 years of experience in cross-border M&As, Growth Capital and PE investments. This has given her an edge that most blockchain founders simply don’t have: enterprise level connections. She can pick up the phone and call the kind of people that most founder’s would never be able to access.

“I had the honor to work with many global top leaders since early 20’s. Whenever I meet the CEO of Schindler, family owner of Dassault, or the Chairman of MIT, they ask me the same question — what is blockchain, how can it create value? A basic understanding of what blockchain can bring is nearly non-existent in the traditional business world. The first question they always ask me is, ‘What’s the business model?’”

This brings up the question looming over the entire industry: How can you build a sustainable business in Blockchain? Where does the revenue come from? Up to now it has been presented as an alternative business model, more like public infrastructure or a capital play, but to survive, as Emma says, “we need a business model that’s not just raising money from the community [through ICO’s].”

Her project, Ultrain, which was co-founded together with Ray Guo, former technical director of Alibaba Security Unit, and William Ning Li, former head of R&D in Ant-Financial Blockchain Department and core architect of Alibaba Cloud OS team, aims to provide public infrastructure for the future of decentralized business on the Blockchain, but also provides a solid business model and revenue stream to provide substantial benefits for its ecosystem and community. They describe their next generation public-blockchain technology as a high performance core engine that will enable multiple layers of stakeholders in a variety of industrial applications to build a connected commercial ecosystem.

Currently she believes that Blockchain could potentially solve key bottlenecks for data acquisition and sharing that today’s AI world sees as the top challenge. It will also make value transfer possible between IoT devices. However, in order to make that happen, Blockchain’s own challenges such as true decentralization, performance, security, governance and privacy issues have to be solved first. This is why Ray, Emma and William saw it as the perfect time to come to market with an overall solution like Ultrain.

The Ultrain team wants their platform to be the infrastructure for the future — for the future of connectivity and business, not just blockchain. They want this infrastructure to be as light as possible so they can encourage the world to use it as the simplest and most comprehensive solution for decentralized applications. They say they are also ready to tackle even bigger problems as their technology can function as an engine embedded as a layer for both AI and IoT solutions. For AI it will solve the key issues of fairness and trust between parties sharing data for training and inference. IoT devices, can serve as a role in the mining layer, but Ultrain would also enable support for the transfer of value directly from device to device. The transfer of value on a broader level only works when it’s built on a public and universally trusted platform. Private or centralized data would still hinder such applications. Once data is collected under a single consensus mechanism on a public blockchain network that any device can access, all data will be able to be shared with confidence, thus enabling millions of new potential applications.

Emma sees developers and enterprise customers as key to their success. “We want to empower end users with a friendlier interface and programming languages. We want the users to be able to develop on top of Ultrain easily so they can embed their own vision and business goals. Our job is to give them the best toolkit. That’s why we’re making an engine to empower them to be able to build whatever they want.”

Part of the problem that Emma and her team see in the market right now is that there are so few truly sophisticated blockchain developers available to help build these decentralized systems, partly because the industry is so premature. In her view, despite the hype in the crypto world, there’s not much reason yet for highly paid Google and Facebook developers to jump into this industry, because they don’t know how to engage with this new world. That’s why she’s excited about her team of nearly 40 developers. “Actually, it’s a big thing for them to jump out of Alibaba and Google to join us,” she said. “They’re giving up their stock options worth a lot of money and to join us, because they believe in us. And we can actually build an engine and platform for developers that they can use. Then enterprises will understand what blockchain can offer.”

Emma sees her role as keeping their developers minds free to work on the tech, instead of trying to run around the world pitching to developers and the corporate world. “I think that’s a key recipe for success for a truly rockin’ company. Most blockchain founders are developers, and they don’t necessarily have sophisticated engineering or business experience or a global network like we do. It is my honor to work along side our brilliant co-founders Ray and William who are working hard on the tech itself. Our deep engineering and business experiences allow us to build not only great tech, but a great, applicable, user friendly product. And with my finance, business and marketing experience, our developers can focus on what they’re good at and I can focus on what I’m good at.”

How is this recipe working? Emma has already helped Ultrain raise $20mil from some of the biggest VC’s in the field, including San Mateo based DraperDragon, Stanford rooted Danhua Capital (DHVC), FBG Capital, Arrington XPR Capital, NGC and Consensus Lab. Ultrain has also become a “Gold Partner” of Microsoft’s Global Service Network after winning the Microsoft Accelerator Competition. More than that, Emma is busy lining up major partners for Ultrain through her business network while supporting and inspiring more businesses with the possibilities of the blockchain.

Emma, Ray, William, and the Ultrain team believe that Blockchain is the future of connectivity. Not merely communication, as the internet brought us, but connectivity to the Internet of Things, to AI, and to everything that exists beyond the mobile internet era. This is the next era of how people will interact with each other and with technology. Many majors players in China today believe the same. “A lot big players likeTencent and Alibaba, Amazon and Facebook look like the winners in the mobile internet era, but other major players are trying hard to invest in the future so they can win the next battle,” Emma says. “That game of the future we believe is Blockchain enabled AI, IOT and more, and we are glad to see more and more mainstream giants participating in it.”

Q: There are a lot of projects in space, many that say they can solve perennial and similar issues in the industry, some of them already have testnets running, or, their mainnets have almost or already arrived. How does Ultrain compete in the terms of time and delivery?
A: Certainly, there are many public chains in the market. Ultrain has already launched the testnet on Sep 30. Our mainnet will be released in early part of second quarter 2019, which is our current focus.

Q: Will there be a burn mechanism within Ultrain’s ecosystem？
A:The burn feature was instituted in our initial ecosystem design. However, due to U.S. security compliance, we are discussing other potential designs to our ecosystem.

Q: How do Ultrain’s smart contracts differ from Ethereum’s?
A: We provide special middleware such as random number generators, ZKPS and PQC wallets, so that users can write unique DApps on Ultrain. Ultrain’s smart contracts are easier to write and run more efficiently. We support similar JS languages and enable WASM instruction set compilations.

Q:How does Ultrain differ from ZIL, since both are considered blockchain 3.0?
A:Sharding is not ready for blockchain right now. ZIL’s main idea is that of sharding, i.e., dividing the mining network into small shards, each capable of processing transactions in parallel to increase TPS and uses PoW for consensus. But Ultrain’s high performance comes from lay0 network optimization and BFT voting acceleration. Ultrain uses R-PoS for consensus. Overall, both projects adopt two totally different approaches.

Q:How is R-PoS different from say consensus mechanism of DAG or hashgraph? And what edge does R-PoS have?
A:This is a rather big question, which may require a whole separate paper on it! DAG-based consensus have long confirmation times, since different nodes have different views. It requires notary nodes to accelerate confirmation, but the consensus between notary nodes have the BFT problem. Generally speaking, R-PoS use VRF to select nodes as proposer and voters to finish the consensus process. Most nodes are listeners, following the decided block result; while DAG and hashgraphs involve gossip. All in all, both have their advantages.

Q:Why is the testnet by invitation only and not open to the public?
A: The testnet is open and can be interacted through our explorer or the JS SDK U3.JS. The invitation is for those who want to host nodes for Ultrain’s testnet. There are two considerations for this: on the one hand, because the test network does not yet beget users to be financially motivated; on the other hand, we need fork for an upgrade.

Q: How can we get access to results and information on your testnet?
A; You may view it here http://explorer.ultrain.io

Performance

Q:In the whitepaper, it’s mentioned that there are two consensus that will be applied to the framework to greatly enhance transactions performance and efficiency in confirmation time. What are those two consensus?
A:The two consensus that are mentioned are the technical consensus and the business consensus. For technical consensus, one is for the mainchain and the other is for the sidechain. Our mainchain uses R-PoS, while the sidechain similarly uses R-PoS, D-PoS and so on.

Q:Based on your testnets, what’s the highest TPS Ultrain has achieved?
A:We’ve achieved 3,000 TPS.

Q:Given how the input parameters for the VRF will be the performance of the machine, how will that be measured? Will it be based on computation power?
A:The VRF performance is benchmarked with standard hardware configurations to test the running cost. As it is not akin to PoW, it is not based on computing power. The input parameters of VRF are nonces such as block heights; roles such as proposers, phases and nodes’ private keys. It has nothing to do with computation power.

Q:Ultrain will support DApps, which most of the future projects focus on: will there be data storage for these DApps? You are probably aware that Cryptokitties (as an example) clogged the Ethereum blockchain; how will you overcome those type of issues?
A:Cryptokitties suffered from the low TPS of Ethereum. With Ultrain, its high TPS will overcome that. As for the question on the data storage, the data in users’ smart contracts will be saved on chain. The full nodes, which provide historical information, will have a high level of hardware configuration and distributed storage solutions.

Q:I am told that Ultrain will only use 1% of computing power for normal operations and the remainder will be reserved. Is that true?
A:As described in our whitepaper, 1% of computing power will be used for the consensus, the rest can be used to do other things, like AI computation. For our business model, not all computing power is needed for consensus.

Q:The new consensus mechanism increases performance manyfold, but only use 1% of computing power. Its speed and security still looks good. I would like to know how many nodes are needed for full decentralization?
A:With R-PoS, the proposers and voters are selected by cryptographic algorithm. All nodes that meet the minimal stake requirements have the possibility to be selected. So it’s totally decentralized among all the nodes. The more nodes you have, the more security you have, and it has nothing to do with the degree of decentralization.

Q::Does the oracle machine mechanism maintain a stable operating cost for DApps?
A:As described in our whitepaper, we do use it to monitor and dynamically adjust the computing power price, ensuring that the operating costs of DApps are maintained at a relatively stable level for a period of time.

Q:Does the Dynamic-and-Adaptive sharding improve on current sharding technology? Is it also smart contracts-compatible?
A:It certainly does and a more detailed explanation is in the yellowpaper https://ultrain.io/downloads/Ultrain%20YellowPaper_v1.0.pdf. And yes, our Dynamic-and-Adaptive Sharding is smart contract-compatible.
Security

Q:Is Ultrain quantum computing proof ?
A:We have no new announcements regarding that at the moment. But the post-quantum wallet can be integrated any time. Please take a look at our middleware, which is based on state-of-art post-quantum public key signature algorithms and multisignatures, which avoid the risk of being attacked by quantum computers.

Q:How does Ultrain prevent attacks?
A:We have strong real action engineering experience to prevent such attacks. Additionally, we have well-known international security companies as our partners to handle attacks.

Q:Will your self-learning smart contracts be reliable enough? Will there be any control over them when users write the smart contracts themselves?
A: There are some limitations. You can refer to our whitepaper for information on Ultrain’s security https://ultrain.io/downloads/Ultrain%20Whitepaper_v1.1.8.pdf.

Founded back in 2017, Ultrain is growing at a tremendous speed. Ultrain now has offices established in three top-tier cities in China, Hangzhou, Beijing, and Nanjing, with approximately 50+ official employees, as well as the Hub leader, Community manager and many other participants around the world. As more and more talents join the Ultrain family, limited space becomes a vital issue remain to be solved. The co-founders of Ultrain decided to relocate headquarter in Hangzhou.

The new headquarter office came with many perks, with dozens of a restaurant located right downstairs, the variety of lunch options is impressive, an event to the extent that it is overwhelming. After a delicious feast on food, one might find himself in a bit of food coma. No worries! You can get your daily intake of caffeine from Starbucks, which is located right at the corner. -- As a old saying in China, "food always comes in first", a good day is sometime defined by the quality of your lunch!

Please read the full articles at: https://medium.com/@ultrainchain/ultrains-new-headquarter-in-hangzhou-3ec52172b121

Best
Ultrain Team

At Ultrain, we firmly believe that blockchain technology will mature and eventually establish innovative accomplishment by the talents of a younger generation. Therefore, Ultrain’s technical community is focused on colleges and universities communities, Ultrain enters the campus to interact and communicate with the younger generation, invite more creative younger people to work with us and tries to promote the development of blockchain technology, and achieve more technological breakthroughs, and aim to incubate a number of excellent and valuable blockchain application projects.

- For more information, please refer to the below link at: https://medium.com/@ultrainchain/ultrains-first-domestic-offline-technical-exchange-activities-ended-successfully-7fe03cb339dd

Best,
Ultrain Team