INTRODUCTION
In the digital world of today, there are lots of issued with the way users make transactions. Privacy has become absent and now it is beginning to affect the growth of the entire system. Even as this goes on, many platforms still charges high for these deals even when they know fully well that many of the deals will eventually fail especially that of payments through virtual currencies. It is now a great burden that Investors find it hard to bear and move a step further in whatever they are involved in. Now that IoT is next to the greatest invention in the digital world, the team plans to integrate the functionality of these kind of devices into cryptocurency to have the entire system revamped through the mining that will be supported and done from them. Then, they came up with a platform called Uplexa from the idea. Having uplexa will make difficulties which investors face minimal.
WHAT IS UPLEXA?
This platform seeks to establish a better standard that will eradicate the poor state of the block chain. The existing situation is such that users are displeased with the nature of services provided and the fact that there are setbacks that need to be addressed. The major problems of the system will be tackled using models that is essentially built for this purpose. The near Zero Congestion Protocol stays in charge of the issues to be used alongside IoT devices to solve the problems of sluggishness in operations and also to increase the scalability of the processes. To sustain this, the platform will have to raise the standard of the transaction done in it such that it doesn't support micro transactions anymore and then the fees will be keep at the average rate that will still be affordable to users when bigger transactions are done.
THE SOLUTIONS TO THE PROLEMS
First and foremost, this platform deals with the network. It ensures the network is cleared and able to accommodate so many users transactions and all what they do in the platform. The NZCM is inclined to supervise this for as long as it will take to get things set aright again. Then users will be able to profit from the innovation which is segmented into different functions depending on what it handles or the solution it gives pertime.
Using IOT devices, the power of the block chain will be amplified and it will advance it further to be used by the traders. Then it will have to make use of the models it create and then have it applied as the team thinks it is best so that both offline and on line transactions can be encouraged. More so, there will no longer be the approval of less substantial transactions except the users are ready to go by the terms of it. This features are definitely what is needed to make the platform the best in addition to the privacy it will confer to payment activities and when users get involved in oline shopping. Here in this ecosystem, users will be able to choose whatsoever activities they intend getting involved with, be it mining, trading, developing and all other ones.
The security of this platform is quite dependable. It is a multi-layered system that secures the entire community. This is a way of protecting the funds and making users able to gain much confidentiality in the platform. Privacy is not going to be compromised in any way. However, a special algorithm called the CryptoNight will take charge and make users wallet free from the activities of hackers because that has always been the major threat they have been facing so far. The anonymousity of the transactions takes the standard of the network higher and make it clear to users that they can never be a victim of imcompetent security system as they have thought before. From now on, the way users do their activities will take new form with all the good attributes seen in it.
CONCLUSION
This is how the entire transactions will be fostered in both the large and average volumes as they are done, Uplexa will have so many data to encrypt and it will take care of them of by encryption that will make it easier for users to access them at any particular time that is convenient for users. Although nit seems it is hard to come about this solution, but it is now here to revolutionize the whole system through the hashrate and the IoT devices that will be used. It will no longer be a problem relating to the difficulties that persist on the block chain because it will deploy all its energy and infrastructure to ensure it totally settles whatever stands as a threat to the stakeholders of the platform.
USEFUL LINKS;
Website: https://uplexa.com
WhitePaper: https://uplexa.com/content/uPlexa-Whitepaper-EN.pdf
Discord: https://discordapp.com/invite/WgDB2qt
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 DETAILS
Bitcointalk Username: Ifychuks
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2397927