Decentralized Engine:
Ultrain Technology Limited is the next generation public-blockchain technology venture that focuses on building a high performance decentralized blockchain platform through its programmable tech-infrastructure. Ultrain is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial applications. With its groundbreaking innovations in cryptography and based upon a complete decentralized public network, Ultrain is able to provide multi-folds more advanced technical performance to fundamentally solve the performance and scalability issues comparing to other traditional public blockchain platforms.
History of the project:
Ultrain Technology Limited is the next generation public-blockchain technology venture that focuses on building a high performance decentralized blockchain platform through its programmable tech-infrastructure. Ultrain is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial applications. With its groundbreaking innovations in cryptography and based upon a complete decentralized public network, Ultrain is able to provide multi-folds more advanced technical performance to fundamentally solve the performance and scalability issues comparing to other traditional public blockchain platforms. Our team is perfectly complimentary with our R&D, Product making, Strategy and Global business outreach and experiences, we wish to build the most practical and economical public chain engine (secure and scalable consensus and smart contract, user friendly developer framework, zkp and other essential middle ware api and tool kits..) for individual developers and enterprise users to create their own business logic with our tool, and our UGAS is a true utility token for fueling the ecosystem and benchmarking the intrinsic and hopefully market value of our platform.
Detailed Road map and Milestones
1)Nova - June 2018, Internal Testnet Online, External API Framework Completed, Smart Contract Development, Framework-Robin Online (Ultrain has designed a new programming syntax for smart contracts based on the design of the JavaScript language, including providing standard code library support; providing a series of standardized smart contract templates using the template technology; and implementing smart contract formalization and colloquial programming practices using the machine learning technology, thereby lowering the learning curve for ordinary people.)
2)SuperNova - September 2018, Published public testnet for individual investors to apply; enterprise service access tetwork online for both Enterprises and startup business owners; open-sourced Robin Framework on Github; published middle-wares including zero knowledge proof middleware, random number generator, and Quantum Resistant Wallet
(
http://www.digitaljournal.com/pr/3986901)(http://business.am-news.com/am-news/news/read/37139264/ultrains-successful-launch-of-public-testnet-and-permitted-net-smart)
3)Blackhole - September 2018 – January 2019 (The core structure of Blockchains’ operating system is completed. Network management is based on democratic voting system)
4)White Hole January 2018 – April 2019,Public network becomes fully operational, Sharding technology is ready and in operation; Ultrian also starts to sale mining rigs.
5)Big Bang, April 2019
April 2020 , Ultrain‘s ecosystem is in operation, AI machine learning platform is deployed and incorporated online; Establishing IOT Edge computing.
6)Singularity, April 2020, Consolidate the collaboration between machine learning platform, IOT and deep belief networks
Others remarkable achievements:
Selected to join Microsoft Accelerator: Microsoft Accelerator Shanghai was formally established in January 2017. This entity enjoys significant interaction with Xuhui District and the Shanghai Municipal Government. It is connected with the large group represented by the Inesa Group, which accelerates the overall growth of promising companies while promoting s the market. The eco-sharing innovation and entrepreneurship platform is dedicated to providing a full range of high-quality services for China's growing innovation. (
https://finance.yahoo.com/news/ultrain-joins-microsoft-accelerator-invited-095500227.html)
Selected to join Amazon AWS Activate: “AWS Active China” is an entrepreneurship support & acceleration program created by the internet giant Amazon. Designed to provide start-ups with free cloud resources and technical services, AWS Active help startups through select accelerators, incubators, Seed/VC Funds, and startup-enabling organizations. It also helps startup by delivering easy-to-use infrastructure that they need to scale and grow their business at any size.(
https://markets.businessinsider.com/news/stocks/the-chosen-one-ultrain-now-joins-amazon-aws-activate-1027769191)
Usage of the Utility Token:
1) Purchasing computing power using UGAS: A DApp running on Ultrain needs to purchase the computing power for running its code using UGAS when its smart contract is running. Cost = Amount x Price. Amount indicates the amount of UGAS to be consumed for this running, and Price indicates the price of UGAS. Ultrain monitors the market price of UGAS by using the Oracle machine mechanism and dynamically adjusts the price, ensuring that the operating costs of DApps are maintained at a relatively stable level for a period of time.
2) Purchasing third-party services using UGAS: DApps running on Ultrain can purchase, using UGAS, third-party services deployed on Ultrain, such as the authentication service, credit service, and zero-knowledge proof service.
3) Obtaining tokens: All nodes (mining rigs) participating in mintage and computing must stake a certain amount of UGAS to participate in the economic system of Ultrain.
