Faster Transactions. Smarter Contracts
Smart contract blockchain
Alexander Borodich - CEO
Sergey Chernov - CTO
Alex Dovnar - Art-director
Maxim Postnikov - Evangelist
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.
Universa creates its own blockchain protocol to enable creation of third-party blockchain applications. They've noticed that current solutions aren't at the highest level. Bitcoin and Ethereum blockchains have become slow and expensive. They claim such advantages as low cost and high speed transactions, decentralization and Zero Knowledge Platform, which doesn't require wallets. The protocol uses PoS. The scalability with UTN tokens has been greatly improved, allowing for up to 20,000tps. One can also note the competent distribution of tokens and funds collected during the sale. And, of course, a large team with big tech experience. The website is very well designed. The whitepapers easily explain project's idea, however they lack enough technical details.
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