Universa

Universa

Created using Figma
Created using Figma
Universa Platform is a new generation of blockchain technology. It uses a contract execution machine and distributed state ledger designed to improve on Bitcoin and Ethereum technologies by delivering improvements that are imperative for business adoption, with an emphasis on tokenization and contractual agreements. Where traditional blockchains transact primarily in currencies, Universa is designed to support token representation of everything from passports to boarding passes, bus tickets or taxi fares; they can be gift cards, vouchers, or gym membership cards. You might make a token representing your title deed, or just the keys to the house.
Data is not available
Oct 28, 2017
Nov 30, 2017
100% completed
$28 800 060
goal
hard cap
29% goal completed
Goal 99 000 000 USD
Hard cap 28 800 060 USD
past
  • 1 UTN
    =
    0.01 USD
Token Details
Ticker
UTN
Accepted Currencies
ETH
Company Details
Registered Country
Russia
Additional Details
Categories
Platform, Business services, Software

About Universa

Universa Platform is a new generation of blockchain technology. It uses a contract execution machine and distributed state ledger designed to improve on Bitcoin and Ethereum technologies by delivering improvements that are imperative for business adoption, with an emphasis on tokenization and contractual agreements. Where traditional blockchains transact primarily in currencies, Universa is designed to support token representation of everything from passports to boarding passes, bus tickets or taxi fares; they can be gift cards, vouchers, or gym membership cards. You might make a token representing your title deed, or just the keys to the house.

While traditional blockchains record a full trustless ledger of all actions, transactions and their effects on a network (“fat protocol, tiny logic”), Universa improves speed and usability by maintaining an directed graph of the verifiable hashes of the output of all actions (“tiny protocol, fat logic”). In other words, instead of stacking blocks to make a single full ledger, each set of changes to a contract is applied by the clients in a separate contract chain (“C-Chains”) to the previous state, and the outcome is vectorized and hashed – only a signed signature of the state of each side-chain gets updated as the new status of the blockchain, discarding the old state and storing the new one. Still, each chain keeps it's own history, and any node with a copy of the transactions can attempt to replay them and verify that the outcome is the same, which ensures validity and fairness in a trusted environment.

In a business-critical derivation from traditional blockchain technology, Universa does not rely on untrusted actors from the general public. Nodes in the Universa system are owned and operated by our partners; they must be licensed and authorized by Universa Corporation. They are trusted, trained, and audited; they provide guarantees of availability, speed, and security. Rather than mining for incentive – a wasteful activity which needlessly consumes gigawatts of power across the globe every hour yielding nothing – instead all nodes are rewarded via transaction fees for their participation in the validation and execution of contracts.

The only “work” being done on the machines in the Universa cloud is mission-critical data handling and contract execution, and does not require expensive GPU hardware. Sensitive business data is not stored flippantly and unwittingly in unknown reaches of the globe, it is encrypted and regulated by strict organizational security practices (ISO 27001, 27002) making it finally possible for enterprises to trust a blockchain with sensitive or private business processes.

Features

The Universa ecosystem consists of:

- Core elements
Blockchain Protocol
ICO/DAO platform
UTN/BTC Wallet
Secure Messenger

- Enterprise
CryptoCloud
Universa.Enterprise
Decentralized.Fund
Blockchain.Appstore

- Foundation
OpenBackend Foundation
Blockchain Academy
CryptoNation Foundation

Technical Info

Technical details:  The ​Universa ​blockchain ​is ​a ​cooperative ​ledger ​of ​state ​changes, ​performed ​by licensed ​and ​trusted ​nodes. ​The speed of the blockchain is ​achieved ​​by ​performing ​contract ​executions ​on-client ​and ​verifying their ​output ​by ​90% consensus ​algorithm ​in ​the ​creation ​of ​each ​new ​block. The ​Universa ​Nodes ​primary ​function ​is ​to execute ​contracts ​and ​verify ​state. In ​Universa, permission ​to ​create ​new ​blocks ​comes ​from participation ​as ​a ​licensed ​node. ​Therefore, rather ​than ​waiting ​for ​a ​new ​block ​to ​be ​mined, a ​state ​change ​can ​occur ​at ​any ​time, ​verified by ​a ​trusted ​actor, ​and ​often ​approved ​by consensus ​in ​less ​than ​ten ​milliseconds ​even at ​scale. ​Each ​separate ​contract ​maintains ​its own ​chain ​of ​state, ​so ​a ​contract ​can ​perform ​actions ​asynchronously ​without ​blocking ​or affecting ​other contracts, ​and ​the ​combined ​changes ​of ​state ​collectively ​form ​a ​directed ​acyclical ​graph ​(“DAG”) ​that ​makes up ​the ​blockchain ​itself. The source code:  The code of the product is available on Github. Proof of developer:  Public team

Universa Roadmap

  • Q3/2017

  • Universa Blockchain first release Mac / Android clients/wallets UTN tokens via TGE/ICO
  • Q4/2017

  • API for apps and blockchains Universa Exchange for tokens Universa Smart Token first release Universa Smart Contracts Templates
  • Q1/2018

  • Universa Liquidity Ocean Universa Trust & Reputation Score Blockchain Academy
  • Q2/2018

  • Worldwide Blockchain Association Universa Bank and Cards Universa Appstore Cryptofund for DAO/ICO @Universa

Activity

Activity:
462
VERY HIGH
Posts:
5 075
VERY HIGH
Views:
88 641
VERY HIGH
Activity:
462
VERY HIGH
Merit:
100
MEDIUM
Posts:
3 080
VERY HIGH
Views:
58 063
VERY HIGH
Users:
689
VERY HIGH
Posts:
237
MEDIUM
Followers:
39 239
VERY HIGH
Likes:
36 903
VERY HIGH
Rating:
4.70
VERY HIGH
Followers:
10 921
VERY HIGH
Tweets:
964
VERY HIGH
30 Days Growth:
-83
Members:
12 660
VERY HIGH
30 Days Growth:
-393
Alexa
Rank:
389 249
MEDIUM
Delta:
210 368
Year commits:
1 508
Watchers:
266
Stars:
317
Forks:
97
Open issues:
3

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Sergey Chernov
CTO, Lithuania
unverified
Alex Dovnar
Art-director, Russia
unverified
Alexander Borodich
CEO
unverified
Julia Nezhinskaya
PM
unverified
Head of Translation
unverified
Svetlana Ivina
Crypto-mathematician
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Last News

$ 0.0093
Coin Stats
Daily, %:
Weekly, %:
Monthly, %:
Market Info
Market Cap:
Volume 24h:
Circ. Supply:
Ticker:
UTN
ICO profit
X 0.9313
ICO Price~$0.0100
4.13
positive
5.0 6
ICO Profile Vision Activity Potential Product Team

Universa Reviews

verifiedicos.com
ICO review website

Universa isn't making leaps and bounds by describing the intricacies of their technology. It's true that blockchain technology is in it's infancy, but it's possibilities go beyond basic improvements in speed and architecture. Universa has a small target market, businesses in this day have little need to integrate this technology on a commercial scale.The token value could also diminish as Universa will fail to deliver profit in a timely manner as their time-line suggests an ambitious launch.

Outlandish claims in the road map suggest you to believe Universa will be profitable enough to start a bank for use with credit cards, such nonsense should not be considered when making a decision to invest in this ICO. References to specific speed improvements cannot be trusted as this technology has not been scaled with the private nodes and network usage noted in their suggested capabilities. Long term this project may be viable, but short term gains are definitely out of the question.

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