ULTRAIN's Successful Launch of Public Testnet and Permitted Net; Smart Contract Development Framework is Now Available Open-Sourced
NEW YORK, October 19, 2018 (Newswire.com) - On Oct. 8th, 2018, Ultrain, a start-up founded by formal senior technical executives of Alibaba, was invited by San Francisco Blockchain Week (SFBW) and successfully presented its product launch event, namely Supernova, with a theme of being the Decentralized Engine for the Future. The team announced its open testnet, permitted mainnet, three middleware components, and many other on-chain DApp demonstrations. Also, Ultrain proclaimed that its smart contract develop framework is now available open-sourced during the event.
Ultrain utilizes an innovative and high performance open-sourced consensus mechanism known as R-PoS, which can achieve over 3000 TPS based on over 1000+nodes in a tested environment with a finalized confirmation of 10 seconds while guaranteeing a decentralized natural and security in the peer-to-peer network that accomplishes significant performance enhancement. R-PoS is a form of hybrid consensus mechanism with several innovations and engineering optimization. Ultrain incorporates VRF(verifiable random function), with committee member selection based on a large number of nodes. It also employs the Stake mechanism from Proof-Of-Stake to improve overall security and stability, while incorporating the fast finality characteristic of BFT.
Public testnet and permitted mainnet.
Ultrain's public testnet has been online since Sept. 30 this year. The developer can develop, deploy and test smart contracts on the network to build a test version of their DApp application. Anyone can access the network by installing Ultrain software to understand better and test the different features of the network. Additionally, mining rig is provided by Ultrain's miners, before Ultrain becomes fully online, miners need to apply with the Ultrain Foundation and join the network after approval to ensure security and stability of the network.
Ultrain's permitted net is designed to meet the business requirements of its partners, providing a stable trust computing service platform that’s capable of running enterprise-level DApp.
With the successful launch of the public testnet and permitted mainnet, Ultrain's rate of progress is now far ahead of the existing blockchain 3.0 project.
One stop development environment & components – Robin Framework
The framework is now open source on Github and is capable of supporting more developers to develop an application in different industries and empowers our business systems.
Zero-knowledge proof component: World's first commercial-level data privacy protection tool on the blockchain, and it can be applied to any business scenario. It’s more accessible to code, fast to prove and cheaper to verify than existing solutions, which significantly reduce the difficulty of using zero-knowledge proof technology in a commercial environment.
Random number generator: A chain-based service that generates random numbers fairly. Using this service, DApps running on Ultrain's chain can obtain genuinely random numbers, and the fairness, randomness, and performance achieved are superior to those provided by other public chains, those random numbers can be used for actual business-level applications.
Quantum resistant wallet: As corporate giants such as Google, Intel and Dwave have been developing the latest quantum computer, there is a possibility that public key crypto such as elliptic curve based signatures could be resolved soon. Consequently, Ultrain implements a quantum resistant wallet based on state-of-art post-quantum public key signature algorithms and multisignature to avoid the risk of being attacked by quantum computers.
Media Contact: Blocktopian@ultrain.io