UPLEXA - ENHANCING MASS ADOPTION OF CRYPTOCURRENCY

The age of devices connected over the internet is upon us. ZDNET says by 2020,there would be over 20+ IOT illion devices. The Internet of Things (IOT) gives us a second chance in building the internet we’ve always dreamed of; a decentralized,secure, free, profiting and trust-worthy environment.

THE PROBLEM
The statement above, clearly describes Blockchain technology. As of 2017, Bitcoin became the most used and adopted blockchain based cryptocurrency because of it’s awesome features but anonymity and privacy are two major setbacks to the cryptocurrency. Monero came along using RingCT technology to implement anonymity but still had issues with privacy.

The big question now is what’s the perfect blockchain solution for the Internet Of Things?
uPlexa offers the perfect solution to our problem with even more utilities.

THE SOLUTION
uPlexa is a peer to peer (p2p) electronic system focused on utilizing the power of Internet of Things (IOT) and anonymity.

Let’s dive in deeper …
uPlexa, similar to Bitcoin is based on it’s own Blockchain but uses its own modified CryptoNight algorithm for anonymity and privacy. The CryptoNight algorithm was designed to resist ASIC and make CPU and GPU mining more efficient.

uPlexa’s major goal is to support secure and anonymous payments and profitable IOT transactions. The blockchain is web-based; that means there’s no requirement for you to download large external files/resources.

uPlexa and IOT Mining
We carried the first man to the moon with 4KB of RAM. Today, our smart devices such as Mobile phones, Smart Refigerators and others have greater Proessor power and primary storage. The CPU’s of these devices are mostly idle and unused.

uPlexa are trying to utilize your Smart home appliances for IOT mining but are also incentivising by making those devices pay for electricity used in powering them.
Cool right?

uPlexa would support your Desktops, Laptops, Smart phones, Smart home appliances,Smart cars, Raspberry Pi’s and almost every IOT device as they come.

BUT with enormous adoption rate how can uPlexa manage network congestion, fast tps(transaction per second) and maintain low fees?

The uPlexa team learned from Bitcoin who weren’t ready for mass adoption and therefore had heavy network congestion which lead to slow TPS and large maintenace fees by creating a model called the Near-Zero Congestion Model (NZCM).
The NZCM does the following to prevent the pitfalls of Bitcoin:

• Utilize the power of mass IOT adoption
• Utilize the uPlexa API for normal transactions(non blockchain based)
• Scaling fees at higher rates for microtransactions
• Disaproval of extremely small microtransactions.

Conclusion
uPlexa is fully bent on creating an anonymous coin and disrupt the current eCommerce and service provider payment system. The power of mass adoption of IOT would be the foundation for these utilities.

For more information visit:
Website: https://uplexa.com
WhitePaper: https://uplexa.com/content/uPlexa-Whitepaper-EN.pdf
Discord: https://discord.gg/a7mAQwJ
Medium: https://medium.com/@uplexa
Reddit: https://www.reddit.com/r/uPlexa/
Github: https://github.com/uplexa/
Twitter: https://twitter.com/uPlexaCoin
Facebook: https://www.facebook.com/uPlexa

Author's info
Bitcointalk username : Lasisi1
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2148371