Financial payment system has improved over the years as a result of adoption of BLOCKCHAIN technology which has brings some positivity and restoration of hopes in the financial system. The world has faced series of problems from the traditional payment system which is full of errors and some other difficulties. But today UPLEXA platform will see to all the problems facing the financial system most especially on the IOT applications.
UPLEXA project is an advanced BLOCKCHAIN peer-to-peer system of payment designed to equip the power of IOT and also anonymity.
UPLEXA aim is to build a good payment with improved security and likewise the introduction of anonymous payment. For every successful transaction there is always need for good security system and measures and that’s why UPLEXA is giving us a great project with advance security measures through the use of the well known latest technology called “BLOCKCHAIN”.
Anonymous transaction is one of the great features of blockchain technology, before the onset of blockchain technology, transaction were been done between parties with the involvement of third-party system. But with UPLEXA project which has introduced anonymous transaction will be done without the involvement of third-party services or agents. The real essence of blockchain technology is to automate every transaction thereby increasing the speed of the transaction against what is been experienced in the previous platform before the advent of blockchain technology. The use of cryptonight algorithm has been adopted by the UPLEXA platform to design a platform with good security.
UPLEXA has also made some improvement to the algorithm so as to ensure there is more profit from the IOT mining.
UPLEXA projects aims to generate good quantity of uplexa which can be used for payment of electricity for IOT mining. UPLEXA aims to give support to majority of IOT devices in existence to enable them mine the UPLEXA with the available CPU rate. The supported devices for the mining includes MOBILE PHONES AND TABLETS, DESKTOPS AND LAPTOPS, SMART TV’s, SMART CARS, SERVERS and some others not mentioned.
In other for the successful mining program on UPLEXA platform it has introduced a NON-ZERO congestion model which means the fees and charges for then mining program will be extremely low. UPLEXA has introduced anonymous system simply because it helps protecting the users from losing of their valuable data to third-party and attackers. It also helps in the payment of goods and services without the stress of converting to another currency again so far UPLEXA will be a global payment method. It also helps in making the transaction untraceable but will be recorded on the blockchain network which means you can’t really known the actual person been paid to which this will reduce the risk of exposure or stolen data.
To know more about UPLEXA project kindly check the below links
Website => https://uplexa.com
Whitepaper => https://uplexa.com/content/uPlexa-Whitepaper-EN.pdf
ANN Thread => https://bitcointalk.org/index.php?topic=5058404
Twitter => https://twitter.com/uplexacoin
Discord => https://discord.gg/a7mAQwJ
Reddit => https://www.reddit.com/r/uPlexa/
Bitcointalk User Profile => https://bitcointalk.org/index.php?action=profile;u=1996602
Bitcointalk Username => Bellokudi
Sign Up => https://members.uplexa.com/signup
