The Utah Chain is, by extending the current social advantage in industry, and based on block Chain technology, integration of the global social industry resources, the western world social industry Chain, focusing on solving the present social industry facing the pain points, to help people build more rich content, safe and healthy social environment, make the Utah Chain to become the next tuyere, thereby promoting the development of social industry toward a healthier future. Learn more
Facebook, a centralised platform like facebook, is most likely to go down when its servers are overwhelmed with traffic.
Users' opinions expressed on social platforms may be deleted because of religion and politics. Social platforms have the right to delete contents and close accounts, so users cannot truly obtain freedom of speech.
The platform makes profits by analyzing the data of users' behaviors on the social platform, but the users do not get the return of benefits, and there is a problem of uneven distribution.
Some users take the social platform as an outlet for their emotions, maliciously commenting on others and spreading negative opinions. The reality and social life of those who are commented on are seriously disturbed, while those who commit online violence are not punished.
The personal information posted by users on social platforms is excessively commercialized, and the intellectual property rights of published articles are not protected. Users' personal information is often trafficked many times, disturbing users' daily life.
Through distributed bookkeeping, distributed propagation and distributed storage, data storage, transaction verification and information transmission in the system are all decentralized.
The size of each block contains the compressed value of the transaction information of the previous block, which leads to a long chain from the creation block (the first block) to the current block.
The value anchor of blockchain lies in the consumption and output of the chain itself. When the block chain selects the power-of-stake (proof of interest) as the consensus mechanism, the computational Power consumed by the generation of each block will become the cornerstone of its value.
Utah Chain selects the encryption mechanism that conforms to the national and international standards: symmetric encryption, asymmetric encryption, private key, public key, hash algorithm, P2P protocol, and intelligent contract to encrypt the data. The transaction data and transaction information between users can only be viewed by the two parties and users with corresponding authority.
The random number generation of Utah Chain includes two ways: random number based on consensus; Random Numbers generated in phase 2.
On the Utah Chain, each node (client) USES P2P protocol for message broadcast interaction. For the data blocks of the Utah Chain, the P2P protocol adopted is a standard cryptocurrency protocol, and the core feature of this protocol is the introduction of "ghost" protocol. The control block of the Utah Chain adopts the standard P2P protocol and does not support the "ghost" protocol.
The Utah Chain is a distributed public Chain running intelligent contracts. The essence of smart contracts are scripts that can leverage the power of the Utah Chain to handle a variety of business logic. As a decentralized consensus society full ecological future currency network, Utah Chain hopes to bring the world more than just a cryptocurrency; It is a free ecosystem that allows blockchain technology to be widely used.
UTC is the circulation certificate of the common Chain value of Utah Chain, and users can exchange the value through UTC.
Incentives for user activity on the Utah Chain social platform.
UTC is required for users to initiate and accept offline social invitations on the Utah Chain, as well as the achievement reward of invitations.
The UTC is the equity certificate of the ecological participant and the only value transfer unit in the network.
The global issuance volume of Utah Chain is 15 million pieces
Start up team building
Explore social blockchain solutions
Launch the first version of public chain prototype
Formal public chain development
Formal public chain development
Public chain private beta version is available
Chain international version online
Utah Chain promises to open source authentication, privacy encryption, Utah Chain wallet and other low-level protocols, codes and modules at the appropriate time. As long as the third-party application and system developers meet the relevant protocols, as long as the App developers have embedded Utah Chain modules, they can be connected to the Utah Chain block Chain network.
Utah Chain will open the whole network analysis platform, and third party organizations (such as advertisements) are welcome to directly use the data and valuable analysis results of Utah Chain to directly target the most valuable users. At the same time, third party organizations are also welcome to provide services (live broadcast, games, e-commerce, etc.) to create value.
Notice on launching the UTC buy back destruction plan
————————Utah Chain Team
July 10, 2020
Utah chain is committed to building a global social industry chain and providing users with an international social ecological platform. The platform application will be open to the market at the latest within the year according to the market situation.