Introducing UPLEXA – Anonymity and eCommerce via IoT
The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is uPlexa, a p2p electronic payment system focused on harnessing the power of IoT and anonymity.
uPlexa is built on its own blockchain utilizing a modified version of the CryptoNight algorithm. uPlexa was developed in order to interlink the collective power of IoT (internet of things) devices as a whole, while supporting anonymous based payments, particularly for internet & telecom service providers, whilst also supporting anonymous based ecommerce.
OVERVIEW OF UPLEXA
uPlexa is a p2p electronic payment system focused on harnessing the power of IoT and anonymity. Built on its own blockchain utilizing a modified version of the CryptoNight algorithm, uPlexa was developed in order to interlink the collective power of IoT (internet of things) devices as a whole, while supporting anonymous based payments, particularly for internet & telecom service providers, whilst also supporting anonymous based ecommerce. There are over 9 Billion IoT devices in the world in 2018, with an expectation of 20+ Billion by 2020.
Anonymity and privacy are among one of the largest debates within the cryptocurrency field. uPlexa uses the CryptoNight algorithm in order to ensure untraceable private transactions. With uPlexa, our goals are to bring anonymity to internet and telecom service provider payments as well as eCommerce.
This will be accomplished by negotiating deals with IT & Telecom providers, as well as launching our own eCommerce platform; supporting anonymous transactions, anonymous store owners, and disapproving the storage and sale of personal information for marketing and all other purposes.
The uPlexa is a very secure system for a lot of peer-to-peer transactions, and it places a very big focus on making IoT mining very profitable. This will basically make uPlexa a very integral part of our system as it allows us to make use of our IoT devices to purchase products and services.
With its modified CryptoNight algorithm, it will ensure anonymity and privacy of users transactions as it functions both on-again and off-again.
Its current model, that is the Near-Zero Congestion Model of uPlexa will enable very swift and quick transactions, while avoiding network congestion. It has a very basic and light blockchain as well as a block time of 2 mins.
It also has it’s very own ecommerce platform that will be used by both webmasters, developers, designers and their client. This ecommerce portal will allow for the secure, anonymous, and swift transactions as well as have support for uPlexa and numerous cryptocurrencies and fiat money.
According to the official of uPlexa, uPlexa Provides a secure p2p payment system to pay for your IoT services and devices:
A strong focus on making mining profitable for over 8.4 Billion IoT devices, allowing uPlexa to become the most decentralized currency available
On and Off Chain
Piecing the congestion puzzle of on and off-chain technologies
uPlexa brings extreme anonymity via modified cryptonight algorithm. All transactions are private & untraceable.
Fast & Performant
Brisk transactions with near zero network congestion by using uPlexas Near-Zero Congestion Model (NZGM). Lightweight blockchain, with two minute block times.
PRISM was one of many government developed spy programs to spy on all innocent citizens. One of the many goals is to provide anonymous payment services to users to pay their phone bills and other IoT services.
Each transaction is secured with vigorous cryptography and distributed through a global p2p consensus network. The uPlexa team spends more time auditing the code for vulnerabilities than they do building the code itself.
IoT Powered eCommerce
Pay for services or products, or obtain credits by utilizing your IoT power.
The beta mine has concluded, resulting in the highly-effective uPlexa blockchain. You may view the repositories on github.com
uPlexa is a special token with the ticker UPX based on the uPlexa blockchain and it’s being used for most of the peer-to-peer payment done on the uPlexa platform. This token can be gotten through mining with the IoT devices, from sales of products and services on the platform, from various bounties organized by the uPlexa team.
Uplexa is not conducting an ICO, the coin will be distributed to the community via bounties, airdrops etc.
Total Coin Supply : 10,500,000,000
Amount of Airdrop: 36,750,000
Amount of Premine: 7% (For the bounties, infrastructure, airdrops, partnership, exchanges, team, and partnership growth).
Costs & Bounties
As indicated above, uPlexa will not be holding an ICO, but will award multiple bounties.
uPlexa utilizes a 7% premine in order to contionously fund its large amount of infrastructure, bounties, airdrop, and team efforts. uPlexa does not believe in giving a project a pricetag before providing value to the community first, thus will not be holding an ICO.
Bounties & Team
All Bounties and team members will be paid in uPlexa.
A bounty will be rewarded to those who help us sign various partners such as IoT service providers, in order to help achieve uPlexas fullest potential.
A bounty will be rewarded to those who find medium to severe bugs within uPlexa or its platforms.
A bounty will be rewarded to those who are able to provide translations for the website and whitepaper(s).
For more information, please visit:
ANN Thread: https://bitcointalk.org/index.php?topic=5058404
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