Ultrain to help Block-chain to reach maximum adoption
Crypto currencies and their dream: Mass adoption
2018 has started with vigorous, crazy bull run of cryptocurrencies market, but not for long. Following right after is the deep sorrow of bear market. At the time of my writing, the effect of the bear is still too powerful. Despite of many positive news recently, the market refused to move. Everyone soon realizes that, besides of pure speculation, crypto currencies bring almost zero value to society.
Why?
Bitcoin was created at first as a medium of payment. After that, with the born of Ethereum, people were excited about new kind of computer application: Decentralized Application (DApp).
But today, both Bitcoin and Ethereum are struggling with two main issues:
- Slow transaction speed:
As the medium for payment, Bitcoin block chain can only process 4 transactions per second (TPS), Ethereum can only process 20 TPS. Comparing to Paypal and Visa, which can process 193 TPS and 1700 TPS respectively, Bitcoin and Ethereum’s TPS look like a high school student’s project.
Imagine, you are going to buy a cup of coffee with Bitcoin. The coffee shop owner has to wait for atleast 1 hour to receive your Bitcoin, if the network is clogged, it could take days. Would they willingly accept your Bitcoin as payment?
Oh yes, you could pay high fee so that your transaction could be processed faster, but would you do that for a cup of coffee?
2. Hard-to-learn smart contract
Besides of slow transactions, smart contract is not some sort of technology you could master in several days. Ethereum is doing at its best to bring DApp to everyone’s daily life. However, while slow TPS prevents DApp to function smoothly, deploying a DApp is pure pain in the ass. Because smart contract can only write and understand by developers, creating flawless smart contract is tidious work, not so many businesses want to do that.
Ultrain to solve the blockchain’s exist problems and to be mass adopted.
There must be a new solution for these issues to help blockchain and cryptocurrency achieve the goal of adoption. It’s Ultrain to solve the problems.
Before writting about how Ultrain can solve these problems. You need to know what Ultrain is first.
Being formed by the group of excellent people, especially Rui Guo, who worked for Alibaba and IBM, Ultrain has the nicest start position to lead the run. (See more here)
With the idea of building a programmable business society. Ultrain’s ambitiousness is leveraging blockchain so that all type and all size of business, from gaming to banking, from small company to enterprise can apply blockchain in their business with no sweat.
Get The Goat On Meadow’s stories in your inbox
Join Medium for free to get updates from this writer.
Tackling with the pain of blockchain issues: speed and learning curve, Ultrain offers two excellent solutions:
- Ultra-fast TPS: Theoretically, Ultrain can reach to maximum 20000 TPS, completely eliminate any trouble about slow transactions and ready to serve any kind of enterprise business.
- Ultra-easy-to-use smart contract, Ultrain’s ambitiousness is to bring smart contracts to everyone. Block chain technology and smart contract are still alien technologies with ordinary people. Ultrain has created a set of tools with SDK, smart contract template, smart contract formalization, etc. Ordinary people could write an Ultrain’s smart contract with just a short time of learning.
Through the image above, you can easily see that Ultrain is ready to fulfill any deficiency of Bitcoin and Ethereum and is ready to build the programmable business society
Investors of Ultrain
Much like other potential projects, Ultrain can easily acquire investment from big investors. These big guys are the bluechip for succesful of Ultrain:
- Morningside Venture Capital — invested in Xiaomi.
- Draper Dragon — invested in Vechain, Aelf, Ledger, Telegram
- Hongtai Capital — invested in 51 Credit Card, Rage Comics.
With the excellent team, using the best technique and be backed by biggest investors, Ultrain will be the biggest potential project of 2018 and will help cryptocurrency reach their goal: Mass adoption.
Ok, cool, now is the time for speculation. Where can I buy Ultrain?
Currently, Ultrain is preparing for its debut on Bgogo in late October through its Proof of love contest (POL). Through this contest, individual investor can enjoy 5% off comparing to VCs. Interesting, right? So be sure to register yourself an account on Bgogo Exchange and ready to catch this gem while it is still in its infancy stage.
Ultrain information
Above is just my brief introdution about Ultrain. Want to know more about them and their upcoming debut on Bgogo exchange? Join them at:
Ultrain Twitter: @UltrainB
Ultrain Telegram: t.me/ultrainofficialcommunity
Ultrain LinkedIn: @ultrain
Ultrain Facebook: @Ultraincommunity
Ultrain Medium: @UltrainCommunity
Ultrain Website: ultrain.io
Telegram(EN): t.me/Bgogo
Telegram(CN): t.me/BgogoChinese
Facebook: facebook.com/BgogoExchange
Twitter: twitter.com/BgogoExchange
