$ 0.002 0.11%
Ultrain (UGAS) Rank 1639
| Mkt.Cap | $ 1.69 M | Volume 24H | 2.49 MUGAS |
| Market share | 0% | Total Supply | 1000 MUGAS |
| Proof type | N/A | Open | $ 0.0017 |
| Low | $ 0.0017 | High | $ 0.0017 |
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They offers better computational performance while guaranteeing decentralization and security of the network. Also capable of dealing with more complicated concurrency which creates value to serve society better. Significantly improves the user-friendliness of smart contracts and simplifies the developer adoption process. For convenience of operation，all docker contaniers share the host directory(including ULTRAIN source code dir).
Fast World State Syncing
Provide an IBC mechanism based on committee voting, for example, when shard-chain A needs to sync particular data from the main-chain, committees on shard-chain A will initiate multi-sig validation toward this data on the main-chain. When no less than 2/3 of the committee members validate, we can consider the data on the main-chain is verified by the shard-chain A. This is an excellent use case of using Oracle (off-chain data to on-chain) in inter-blockchain communication.
NEW YORK, NY / ACCESSWIRE / April 18, 2019 / Microsoft Co-Sell Network officially welcomes its first blockchain project collaboration with ULTRAIN. Ultrain Technology Limited is a next generation public-blockchain technology venture that focuses on building a high performance decentralized blockchain platform through its programmable tech-infrastructure. Folowing commands must be executed in your host machine(not in docker container), meanwhile make sure Python environment is ready.
Main-chain’s smart contact is responsible to record the shard-chains’ hash value of the world state snapshot. Only when the world state is validated by miner nodes no less than 2/3 of the committee members on the shard-chain, the main-chain deems the hash value of the world state snapshot valid. This is a significant step for Ultrain’s trusted computing service, showing it has a promising future with unlimited opportunities. We look forward to the day that Ultrain’s blockchain based technology will be deployed and used in various industries world-widely, making commercial adoption of blockchain technology a reality. Ultrain is creating World's first operating blockchain ecosystem, which is capable of doing process level lifecycle management for smart contract.
We would like to use the train ticket analogy to distinguish the “overselling” and “preselling” models, in an “overselling” scenario, when more tickets are sold than the number of seats a train has, all passengers’ seat space is reduced. In a “preselling” model, we only sell tickets no more than the to seats available, this ensures everyone’s seat space remains unchanged. In essence, the “overselling” model disregards the outcome of inflation while reaping the full benefit from selling the resource packages, the “preselling” model, on the other hand, balances our package purchasers’ cost and user experience. the purchased resource package of Dapp developer on main-chain is synced to shard-chains; 6) UGAS can be transferred across the user’s main-chain and shard-chains accounts.
All Nodultrains will be started up at the same time in 7 docker containers. Official docker image is recommended to build ULTRAIN source code, it's easy to get docker images from Ultrain's official Dockerhub repository by following cmd. Sync the world state is far more efficient than sync and replay all the blocks, this subsequently reduces the economic loss from the miner nodes reshuffling. One has to admit that to achieve the true "permissionless-ness", certain degree of performance & security inevitably has to be sacrificed (compared with permissioned network like consortium blockchain network).
It has a circulating supply of 171.72M UGAS. Your investments are legally secured and tradable. All contract details are mapped via smart contracts on the blockchain. Token is used to purchase the necessary computing power for running smart contracts on Ultrain. It also used as utility across the platform.
Scalability is an unavoidable topic for any permissionless blockchain project that is serious enough to seek mass adaption. The architectural solution of Ultrain can be considered as one of the on-chain horizontal scaling solutions. The fundamental of the solution is to run all the Dapps on shard-chains, while the main-chain manages and coordinates all the shard-chains. Each shard-chain has a maximum capacity on the hardware resources – when Dapps on the shard-chain reaches the maximum capacity, a new shard-chain will be created to accommodate the new demands, this is also known as horizontal scaling. Each shard-chain comprises a group of Dapps, which is segregated from other shard-chains, as a result of such design, we naturally segregated the computation and storage resources between shard-chains.
in the last 24 hours. Ultrain reached its highest price on 16 April, 2019, when it was trading at its all-time high of $ 0.288958.
- Ultrain is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial applications.
- They offers better computational performance while guaranteeing decentralization and security of the network.
- Significantly improves the user-friendliness of smart contracts and simplifies the developer adoption process.
- This is a significant step for Ultrain’s trusted computing service, showing it has a promising future with unlimited opportunities.
This computing model includes CPU computing, GPU computing, memory computing, hard disk resources, bandwidth resources, etc., which can all be included within the scope and framework of the entire trusted computing. All the computing has the characteristic of blockchain computing, that is, all data based on trusted computing and operations on these data cannot be tampered with or destroyed and are transparent to all and traceable. We use “preselling model” – we divide the resource of a shard-chain to a fixed number of equivalent portion the developer can forecast how much CPU/storage/network power its Dapp needed and purchase accordingly.
High-performance cameras
There will be no user level Dapps running on the main-chain, which its tasks involve users’ accounts creation/maintenance, miners’ registration/token staking and scheduling of mining nodes among different shard-chains. To enhance the network safety, the system smart contract on the main-chain will reshuffle miners to different shard-chains, therefore there will be no miner stay permanently on a particular shard-chain.
ULTRAIN - Decentralized Engine for The Future
Both main-chain and shard-chains provide mutually receptive light-client support, meaning main-chain and shard-chains store each others’ block header information, they can verify each other and confirm a particular transaction on other’s chain indeed happened. For Dapp developers, when they want to deploy a Dapp on a particular shard-chain, they need to purchase appropriate resource packages (CPU/Storage/Network) on the main-chain, the purchased packages will be propagated to the designated shard-chain, where the developers can deploy their Dapps. The miner will perform block proposition and validation (mining) and the results are reported to the system smart contract on main-chain, and once the main-chain verifies the validity of the reported block, the block reward will be distributed to the miner. Live Ultrain (UGAS) prices from all markets and UGAS coin market Capitalization. Stay up to date with the latest Ultrain price movements.
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And a lot of our design & engineering effort are put into balancing the tradeoff between permissionless-ness and performance & security. Ultrain is a leading blockchain 3.0 project creating a programmable business society. Ultrain wants to create a high performance decentralized blockchain platform that is fully programmable.
IBC between main/shard-chain and light client
The random reshuffling of miners is executed by the smart contract, the randomness is verifiable and transparent on the blockchain, the long-term economic return of the miner will not be affected by this. Based on Ultrain, we are committed to providing a computing service called trusted computing. This is a brand-new computing service model that differs from traditional cloud computing. Compared with traditional cloud computing, it is a new computing model based on the blockchain architecture.
Check our coin stats data and see when there is an opportunity to buy or sell Ultrain at best price in the market and get cheap UGAS in your own wallet. Ultrain Technology Limited is the next generation public-blockchain technology venture that focuses on building a decentralized blockchain platform through its programmable tech-infrastructure. Ultrain is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial applications. It is able to provide multi-folds more advanced technical performance to fundamentally solve the performance and scalability issues.
