E-commerce is indeed a booming industry with over 1.5 trillion dollar worth transactions happening each year. E-commerce giants like Amazon and Alibaba are many of ours favourites.
In spite of its rising interest, e-commerce industries still faces a lot of problems including identify theft, online payment fraud etc. Blockchain has been proved to be a superior technology with applications in vast fields. Blockchain technology can indeed be used in e-commerce marketplace to overcome the current problems to a big extent and that is what the Blockchain project UPLEXA seeks to acheive.
In spite of its rising interest, e-commerce industries still faces a lot of problems including identify theft, online payment fraud etc. Blockchain has been proved to be a superior technology with applications in vast fields. Blockchain technology can indeed be used in e-commerce marketplace to overcome the current problems to a big extent and that is what the Blockchain project UPLEXA seeks to acheive.
UPLEXA'S VISION WHICH BASICALLY EXPLAINS THE UNIQUE EXPERIENCE THEY ARE BRINGING TO THE CRYPTO COMMUNITY
Step 1: Creating a fungible IoT Mining Experience
uPlexa aims to utilize a portion of the 18+ Billion current IoT devices to power its network. There will be over 20 Billion IoT devices deployed in the world by 2020. Source: ZDNet
At the core of uPlexa, is the functionality to mine blocks via IoT devices in order to power the network and process transactions. uPlexa utilizes a modified version of the cryptonote algorithm in order to make IoT mining profitable whilst keeping out ASIC technology to avoid centralized mining.
Imagine, if every smart appliance in your household could pay for a partial amount of the electricity to run said devices by only tapping into a percentage of your unused resources? This means a lot in developing countries, especially in Southeast Asia where the devices are cheap(er) to obtain, but expensive to run.
It is not rare for an individual to spend upto 20% of their income on electricity in parts of Asia.
At the core of uPlexa, is the functionality to mine blocks via IoT devices in order to power the network and process transactions. uPlexa utilizes a modified version of the cryptonote algorithm in order to make IoT mining profitable whilst keeping out ASIC technology to avoid centralized mining.
Imagine, if every smart appliance in your household could pay for a partial amount of the electricity to run said devices by only tapping into a percentage of your unused resources? This means a lot in developing countries, especially in Southeast Asia where the devices are cheap(er) to obtain, but expensive to run.
It is not rare for an individual to spend upto 20% of their income on electricity in parts of Asia.
Step 2: Creating Platforms and Utility for Spending
Our vision is to create multiple platforms around uPlexa to compliment its swift, private, untracable and fungable objectives. Our first platform will be focused on eCommerce ($22+ Trillion industry)
Users with uPlexa in their wallets will obviously want some type of utility. Thus, other than its amazingly secure & anonymous IoT features, we will be building & integrating an anonymous ecommerce platform around uPlexa.
Our team comes from a background in the eCommerce industry who have personally taken time to understand the positives and negatives of multiple eCommerce platforms in existance. Our goal will be to make a customizable eCommerce experience that not only supports cryptocurrencies and uPlexa in general, but one that is free to run until your store is profitable.
uPlexa will have an off-chain model labeled "NGZM" (Near-Zero Congestion Model) in-which provides an API to businesses and webmasters in order to process off-chain transactions via users credited uPlexa coins.
Users with uPlexa in their wallets will obviously want some type of utility. Thus, other than its amazingly secure & anonymous IoT features, we will be building & integrating an anonymous ecommerce platform around uPlexa.
Our team comes from a background in the eCommerce industry who have personally taken time to understand the positives and negatives of multiple eCommerce platforms in existance. Our goal will be to make a customizable eCommerce experience that not only supports cryptocurrencies and uPlexa in general, but one that is free to run until your store is profitable.
uPlexa will have an off-chain model labeled "NGZM" (Near-Zero Congestion Model) in-which provides an API to businesses and webmasters in order to process off-chain transactions via users credited uPlexa coins.
Step 3: Establish Partnerships for Anonymous Service Payments
Another one of many uPlexa goals, is to esablish partnerships with IT service providers in order to anonymize service payments via uPlexa.
The idea behind anonymous service payments, is that your service provider cannot specifically sell your data to other companies or governments without knowing who you are, or at least who is paying for and/or accessing your account. This helps reduce the risk of impact by government spy programs and hackers, benefiting your OpSec.
Utilizing uPlexa to pay for your your phone, internet or other IT service bills, will be a step in the correct direction of preserving your privacy rights as an individual.
The idea behind anonymous service payments, is that your service provider cannot specifically sell your data to other companies or governments without knowing who you are, or at least who is paying for and/or accessing your account. This helps reduce the risk of impact by government spy programs and hackers, benefiting your OpSec.
Utilizing uPlexa to pay for your your phone, internet or other IT service bills, will be a step in the correct direction of preserving your privacy rights as an individual.
UPLEXA
uPlexa is a p2p electronic payment system focused on harnessing the power of IoT and anonymity. Built on its own blockchain utilizing a modified version of the CryptoNight algorithm, uPlexa was developed in order to interlink the collective power of IoT (internet of things) devices as a whole, while supporting anonymous based payments, particularly for internet & telecom service providers, whilst also supporting anonymous based ecommerce. There are over 9 Billion IoT devices in the world in 2018, with an expectation of 20+ Billion by 2020.
In addition, for its anonymous and secured payments, its makes use of a model called the Near Zero Congested Model. This model prevents the occurence of congested networks as well as the usage of very minimal transaction fees. This allows for transactions within the uPlexa API rather than the actual blockchain and it can be used for anonymous payments for the ecommerce, the internet and telecom providers.
uPlexa's Forte goes thus:
IoT Mining Experience
At the heart of the uPlexa project lies the functionality for mining blocks using IoT to supply the network and process transactions.
At the heart of the uPlexa project lies the functionality for mining blocks using IoT to supply the network and process transactions.
Creation of platforms and utilities
uPlex has created a wallet with a built-in mining utility, and this advantage, in addition to the complex security and anonymity of IoT Mining, will create and integrate the e-Commerce platform uplex.
uPlex has created a wallet with a built-in mining utility, and this advantage, in addition to the complex security and anonymity of IoT Mining, will create and integrate the e-Commerce platform uplex.
Partnerships for anonymous payments for services
This is the main goal of the project uPlexa, because without it, it is a dummy and not a project. So, the team of uPlexa will enter into partnerships with different it service providers and providers for anonymity of payments through the platform uPlexa
This is the main goal of the project uPlexa, because without it, it is a dummy and not a project. So, the team of uPlexa will enter into partnerships with different it service providers and providers for anonymity of payments through the platform uPlexa
Goal
The goals are to bring anonymity to internet and telecom service provider payments as well as eCommerce.
Unique Features
The uPlexa is a very secure system for a lot of peer-to-peer transactions, and it places a very big focus on making IoT mining very profitable. This will basically make uPlexa a very integral part of our system as it allows us to make use of our IoT devices to purchase products and services.
With its modified CryptoNight algorithm, it will ensure anonymity and privacy of users transactions as it functions both on-again and off-again.
Its current model, that is the Near-Zero Congestion Model of uPlexa will enable very swift and quick transactions, while avoiding network congestion. It has a very basic and light blockchain as well as a block time of 2 mins.
It also has it's very own ecommerce platform that will be used by both webmasters, developers, designers and their client. This ecommerce portal will allow for the secure, anonymous, and swift transactions as well as have support for uPlexa and numerous cryptocurrencies and fiat money.
uPlexa Provides a secure p2p payment system to pay for your IoT services and devices:
IoT Mining
A strong focus on making mining profitable for over 8.4 Billion IoT devices, allowing uPlexa to become the most decentralized currency available
A strong focus on making mining profitable for over 8.4 Billion IoT devices, allowing uPlexa to become the most decentralized currency available
On and Off Chain
Piecing the congestion puzzle of on and off-chain technologies
Piecing the congestion puzzle of on and off-chain technologies
User Anonymity
uPlexa brings extreme anonymity via modified cryptonight algorithm. All transactions are private & untraceable.
uPlexa brings extreme anonymity via modified cryptonight algorithm. All transactions are private & untraceable.
Fast & Performant
Brisk transactions with near zero network congestion by using uPlexas Near-Zero Congestion Model (NZGM). Lightweight blockchain, with two minute block times.
Brisk transactions with near zero network congestion by using uPlexas Near-Zero Congestion Model (NZGM). Lightweight blockchain, with two minute block times.
OpSec
PRISM was one of many government developed spy programs to spy on all innocent citizens. One of the many goals is to provide anonymous payment services to users to pay their phone bills and other IoT services.
PRISM was one of many government developed spy programs to spy on all innocent citizens. One of the many goals is to provide anonymous payment services to users to pay their phone bills and other IoT services.
Secure
Each transaction is secured with vigorous cryptography and distributed through a global p2p consensus network. The uPlexa team spends more time auditing the code for vulnerabilities than they do building the code itself.
Each transaction is secured with vigorous cryptography and distributed through a global p2p consensus network. The uPlexa team spends more time auditing the code for vulnerabilities than they do building the code itself.
IoT Powered eCommerce
Pay for services or products, or obtain credits by utilizing your IoT power.
Pay for services or products, or obtain credits by utilizing your IoT power.
Open Source
The beta mine has concluded, resulting in the highly-effective uPlexa blockchain. You may view the repositories on github.com
The beta mine has concluded, resulting in the highly-effective uPlexa blockchain. You may view the repositories on github.com
TOKEN DETAILS
uPlexa is a special token with the ticker UPX based on the uPlexa blockchain and it's being used for most of the peer-to-peer payment done on the uPlexa platform. This token can be gotten through mining with the IoT devices, from sales of products and services on the platform, from various bounties organized by the uPlexa team.
COIN DETAILS
Uplexa is not conducting an ICO, the coin will be distributed to the community via bounties, airdrops etc.
Name: uPlexa
Total Coin Supply : 10,500,000,000
Ticker: UPX
Amount of Airdrop: 36,750,000
Amount of Premine: 7% (For the bounties, infrastructure, airdrops, partnership, exchanges, team, and partnership growth).
Total Coin Supply : 10,500,000,000
Ticker: UPX
Amount of Airdrop: 36,750,000
Amount of Premine: 7% (For the bounties, infrastructure, airdrops, partnership, exchanges, team, and partnership growth).
Costs & Bounties
As indicated above, uPlexa will not be holding an ICO, but will award multiple bounties.
As indicated above, uPlexa will not be holding an ICO, but will award multiple bounties.
7% Premine
uPlexa utilizes a 7% premine in order to contionously fund its large amount of infrastructure, bounties, airdrop, and team efforts. uPlexa does not believe in giving a project a pricetag before providing value to the community first, thus will not be holding an ICO.
uPlexa utilizes a 7% premine in order to contionously fund its large amount of infrastructure, bounties, airdrop, and team efforts. uPlexa does not believe in giving a project a pricetag before providing value to the community first, thus will not be holding an ICO.
Bounties & Team
All Bounties and team members will be paid in uPlexa.
All Bounties and team members will be paid in uPlexa.
Signing Bounty
A bounty will be rewarded to those who help us sign various partners such as IoT service providers, in order to help achieve uPlexas fullest potential.
A bounty will be rewarded to those who help us sign various partners such as IoT service providers, in order to help achieve uPlexas fullest potential.
Bug Bounty
A bounty will be rewarded to those who find medium to severe bugs within uPlexa or its platforms.
A bounty will be rewarded to those who find medium to severe bugs within uPlexa or its platforms.
Translations Bounty
A bounty will be rewarded to those who are able to provide translations for the website and whitepaper(s).
A bounty will be rewarded to those who are able to provide translations for the website and whitepaper(s).
ROADMAP
Q2 - 2019
Release Android Miner v2.0
Progress report & Beta Signup for our eCommerce platform
NZCM Micro-transactions Update for Next Fork based on Adoption, Price, and Global Hashrate
Near-instant transactions
Possible PoS/PoW split, pending on further community discussion
Release Android Miner v2.0
Progress report & Beta Signup for our eCommerce platform
NZCM Micro-transactions Update for Next Fork based on Adoption, Price, and Global Hashrate
Near-instant transactions
Possible PoS/PoW split, pending on further community discussion
Q3 - 2019
Possible PoW & NZCM Update
Release of OpSec related Software for uPlexa Users
Launch eCommerce Platform in Beta
Continued Efforts on IoT Mining Software
Launch NZCM API
Possible PoW & NZCM Update
Release of OpSec related Software for uPlexa Users
Launch eCommerce Platform in Beta
Continued Efforts on IoT Mining Software
Launch NZCM API
Q4 - 2019
Release iOS or Xbox miners (more information coming soon)
Development of privacy based Sidechains & DApps on the uPlexa blockchain begins
Showcasing our eCommerce platform, preparing for marketing
Attendance of Blockchain Events to promote our service, and seek strategic partnerships begins
Release iOS or Xbox miners (more information coming soon)
Development of privacy based Sidechains & DApps on the uPlexa blockchain begins
Showcasing our eCommerce platform, preparing for marketing
Attendance of Blockchain Events to promote our service, and seek strategic partnerships begins
Q1 - 2020
Public release of our eCommerce platform
Testnet launches for uPlexa sidechains & DApps
Public release of our eCommerce platform
Testnet launches for uPlexa sidechains & DApps
Q2 - 2020
Continued development on the eCommerce platform, and uPlexa sidechains & DApps
Focus on creating IoT devices with utmost powerful general purpose CPUs, or partnering with manufacturer(s)
PoW update (If we have not already done so by this time)
Continued development on the eCommerce platform, and uPlexa sidechains & DApps
Focus on creating IoT devices with utmost powerful general purpose CPUs, or partnering with manufacturer(s)
PoW update (If we have not already done so by this time)
Q3 - 2020
Release of Privacy based Sidechain & DApp functionality for the uPlexa Blockchain ...and more! Stay tuned for updates.
Release of Privacy based Sidechain & DApp functionality for the uPlexa Blockchain ...and more! Stay tuned for updates.
For more information, please visit the links i have provided below;
Website: https://uplexa.com/
WhitePaper: https://uplexa.com/content/uPlexa-Whitepaper-EN.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5058404
Twitter: https://twitter.com/uplexacoin
Facebook: https://www.facebook.com/uPlexa
Discord: https://discord.gg/a7mAQwJ
Reddit: https://www.reddit.com/r/uPlexa/
Medium: https://medium.com/@uplexa
Github: https://github.com/uplexa/
WhitePaper: https://uplexa.com/content/uPlexa-Whitepaper-EN.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5058404
Twitter: https://twitter.com/uplexacoin
Facebook: https://www.facebook.com/uPlexa
Discord: https://discord.gg/a7mAQwJ
Reddit: https://www.reddit.com/r/uPlexa/
Medium: https://medium.com/@uplexa
Github: https://github.com/uplexa/
Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
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