UPlexa coin aims to incentivize the mass computing power of IoT devices to form a means of anonymous blockchain payments. uPlexa aims to utilize a portion of the 18+ Billion current IoT devices to power its network. There will be over 20 Billion IoT devices deployed in the world by 2020. Source: ZDNet.
At the core of UPlexa , is the functionality to mine blocks via IoT devices in order to power the network and process transactions. uPlexa utilizes a modified version of the cryptonote algorithm in order to make IoT mining profitable whilst keeping out ASIC technology to avoid centralized mining.
Imagine, if every smart appliance in your household could pay for a partial amount of the electricity to run said devices by only tapping into a percentage of your unused resources? This means a lot in developing countries, especially in Southeast Asia where the devices are cheap(er) to obtain, but expensive to run.
UPlexa vision is to create multiple platforms around uPlexa to compliment its swift, private, untraceable and fungable objectives. The first platform will be focused on eCommerce ($22+ Trillion industry)
A strong focus on making mining profitable for over 8.4 Billion IoT devices, allowing uPlexa to become the most decentralized currency available.
uPlexa brings extreme privacy via modified cryptonight algorithm. All transactions are private & untraceable.
PRISM was one of many government developed spy programs to spy on all innocent citizens. One of our many goals is to provide anonymous payment services to users to pay their phone bills and other IoT services.
IoT Powered eCommerce
Pay for services or products, or obtain credits by utilizing your IoT power.
Fast & Performant
Brisk transactions with near zero network congestion by using uPlexas Near-Zero Congestion Model (NZGM). Lightweight blockchain, with two minute block times.
Each transaction is secured with vigorous cryptography and distributed through a global p2p consensus network. The team spends more time auditing our code for vulnerabilities than they do building the code itself.
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Tips for securely storing your UPlexa
- Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
- Back it up. Make use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
- Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
- Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
- Update your antivirus software. Take care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
- Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.