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Overview
UMI — 65,535 transactions per second with zero fees
During development of the UMI blockchain, the main goal was to create a payment network with free and instant transactions. However, principles of decentralization could not have been neglected.
Therefore, the Proof-of-Authority consensus algorithm was taken as a basis and significantly improved. Two types of nodes operate in the UMI network:
- Master nodes responsible for adding blocks to the blockchain. They must comply with top-level requirements in terms of security and technology levels, and they are distributed throughout the planet to rule out the existence of a single point of failure.
- Validator nodes that check compliance with the blockchain rules. Anyone can install them.
As a result, the UMI network is capable of processing 65,535 transactions, and users do not pay any fees.
In addition, UMI can use smart contracts of any complexity which allowed us to start developing a whole universe of DeFi solutions based on UMI blockchain — the UMI OneApp ecosystem!
Mission of the project
The crypto market has been rapidly developing, but many people still have no idea how to use all its benefits. While some receive high returns due to staking, farming, lending or simply due to the increasing value of digital assets, others cannot enter this industry because they are scared:
- Loss of money due to asset depreciation;
- Complexities of the decentralized finance world;
- Hackers who hack various DeFi protocols every day;
- And new things in general.
- UMI OneApp is designed to solve these problems once and for all.
UMI OneApp's goal is to unite the entire crypto market in one place and give everyone all the profitable tools for earning.
We strive to create an ecosystem where everyone can easily enjoy the benefits of decentralized finance. UMI OneApp users will be able to independently manage their assets using a non-custodial multi-blockchain crypto wallet, and will also have access to a variety of DeFi products.
UMI OneApp interface and functionality will be simple and convenient so that even a beginner can figure it out. The platform itself will be completely secure and decentralized.
As a result: anyone can easily join the new and exciting world of DeFi. All you have to do is make the first step!
