Topic: [ANN] ✨ ULTRAIN ✨ Next-gen public chain creating a programmable business society (Read 804 times)

Ultrain Mining Rigs
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tokenview.com/en/download

Thanks Vladdirescu87, thanks for sharing article on Coin Idol about Ultrain's main net.

Did you see the article on Yahoo finance?

https://finance.yahoo.com/news/era-public-chain-ultrain-launches-043000948.html

Exciting times for Ultrain, as they achieve yet another milestone

A New Era of Public Chain: Ultrain Launches its Mainnet

Today Ultrain announced the official launch of its mainnet, marking another step forward for the world's leading commercial public chain. This achievement makes Ultrain the first blockchain 3.0 project to launch an operational mainnet. A milestone of such magnitude represents a major breakthrough, not only for Ultrain as a project, but for the blockchain industry as whole.

Ultrain’s core product is providing reliable, secure, and cost-effective trust computing service to both enterprises and individual developers.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: http://bit.ly/2Gsp6E8

Hey! Ultrain's mainnet is launching soon! Read about it here http://www.digitaljournal.com/pr/4241766 and make sure to join our official Telegram to stay up to date on the latest developments.

Guo Rui sits down with Mars Finance to discuss all things Ultrain and blockchain 3.0!
http://www.digitaljournal.com/pr/4230128

Have you heard of Celer and DOS? Both of these leading companies are partnered with Ultrain to create new technologies. Read an analysis here on Digital Journal! http://www.digitaljournal.com/pr/4230128

A recent article posted on CCN.com using the title "Ripple of China?"

Read all about it at the following link https://www.ccn.com/ripple-of-china-ultrain-is-leading-a-new-era-of-public-blockchain

K-Dub recently mentions holding UGAS on Crypto Zombie YouTube channel! Check out the video and his channel with the link below. Ultrain mentioned at 18:00 👌

https://www.youtube.com/watch?v=Grj0TH4yRUo&app=desktop

Ultrain partners with Chinese streetwear empire YOHO! Ultrain are delivering a blockchain traceability solution to YOHO!'s sneaker exchange platform, streamlining the authentication and verifiability components with a smooth UX. Read all about it here!

https://finance.yahoo.com/news/announcing-ufo-yoho-ultrain-powered-085500234.html

Ultrain was on the world stage last weekend at Binance Blockchain Week. Read all about the exciting weekend and Ultrain's part in it in our latest Medium post!

https://medium.com/ultrain-chain/ultrain-making-a-momentous-presence-at-binance-blockchain-week-in-singapore-ff2fc36f8fa1

Ultrain is making great progress by signing a multimillion yuan partnership agreement with blockchain gaming company Unitpoia. An important part of a blockchain platform's path to success is on-boarding DApp developers, and Ultrain is making all of the right moves!

https://medium.com/ultrain-chain/empower-blockchain-gaming-and-paving-the-way-for-future-ultrain-and-unitopia-sign-new-9d5b907c0f78

Ultrain is keeping everyone up to date on their progress in another bi-weekly report. Read it on Medium here:

https://medium.com/ultrain-chain/ultrain-bi-weekly-report-1-1-1-13-59ca94914adc

The Ultrain tech team is pumping out the updates at the moment; it's hard to keep up!

https://medium.com/ultrain-chain/announcing-ultrains-new-mining-data-lookup-function-and-second-round-of-testnet-recruitment-69a9df10cf72

Not only is there a new lookup function to explore Ultrain's mining nodes, but there is a second round of applications for testnet participation now open! If you're a hobby miner then make sure you apply to get some great rewards 

If you are curious about Ultrain's random number generator and how it works in our consensus mechanism, Random Proof of Stake, then check out our chief cryptologist's, Huseng Wang, latest post on medium! Leave some applause 

Link: https://medium.com/ultrain-chain/the-mechanism-of-ultrains-random-number-generator-33615a4f3d65

Thanks for all of the content, guys! Feel free to ask any questions you might have about the project and join us on Reddit and Telegram

This is the discussion on Ultrain community about gaming and blockchain. Ultrain invited the founder&CEO of MixMarvel, Zhang Xuan, COO of Hero Entertainment, Liu Zhigang and other gaming experts to join this sharing avtivity.

Please see the full article on medium at: https://medium.com/@ultrainchain/ultrain-news-community-discussion-on-gaming-and-blockchain-99b159455216

Emma's speech with quite impressive PPT presentation! 

https://medium.com/@ultrainchain/ultrain-news-from-conventional-investment-to-blockchain-by-emma-liao-7ca4d1b09be4

JUNE 25th, Ultrain had another successful global grand meetup at the Draper University in St. Mateo, California right after the New York, Munich and Paris tour.

Emma Liao, the Co-founder of Ultrain, and Husen Wang, Chief Cryptologist of Ultrain delivered their speeches. The Ultrain team had a deep and extensive communication with many elite developers from Facebook, Google, Air bnb, etc. As well as top students from Stanford, Berkeley, USC, UCLA etc. and there were also many local investors that attended this meetup. It was such a fascinate meetup with great passion and enthusiasm that brings the most talented brains together. Many attendees showed their wiliness to build their projects on such an excellent public chain, which indicate great appreciation and approval of Ultrain.

27th of June, the founder of Musical.ly Louis Yang and the co-founder of Ultrain Emma Liao had an online panel in Ultrain community to discuss How Does Blockchain Work with Music Industry?

The co-founder of Ultrain Emma Liao & the founder of Musical.ly Louis Yang
Guest Speaker:

Louis Yang, founder and CEO of Musical.ly, prior product director of eBao Tech, entrepreneur. Prior Co-founder of ScrumCN. Musical.ly is a popular App that’s favored by the global teenage community, it went online on year 2014 April. Musical.ly also attracted main stream entertainment celebrity, as well as cultivating their own celebrity, who gathered millions of fans, Musical.ly has already over one billion of active online users, the first Chinese Internet product that has successfully penetrated the oversea market. It was the Top 10 app on app store, and top 30 on Google Play list. As of 10th November of 2017, ByteDance Technology bought Musical.ly short-video social community for 1 billion dollar, to incorporate it with Douyin（Tik Tok）.

Emma Liao: Co-founder of Ultrain. With over 10 years experiences of investment, investment bank, and enterprise operation, expert in cross-border M&A, overseas cooperation, and IoT industry, and benefits from extraordinary international and domestic connections and resources.

Please read the full article at: https://medium.com/@ultrainchain/ultrain-panel-how-does-blockchain-work-with-music-industry-680c88f38bd0

Back in Jan 2018, Ultrain made a video of Ultrain Chief Architect interview, discussing these questions:

Ultrain Chief Architect, Yufeng Shen’s introduction.
Why did he join blockchain movement?
Why did he choose Ultrain?
What’s Ultrain’s advantages, what problem it’s solving and better than the others?

Check it out now！

https://youtu.be/f8vAFUc-VRM

Ultrain Nova Product Announcement & Signing Ceremony of the Chief Economic Advisor happened at Bulgari Hotel Beijing on the 11th of July. With the theme of “Witness Blockchain Generation 3.0”, Ultrain introduced two sets of innovative Blockchain technology products to the world：1) Testnet based on the R-pos Common Consensus；2) A user-friendly DApp integrated development framework — Robin. Those breakthrough technologies mark the beginning of 3.0 generation Blockchain. Meanwhile, Ultrain published its official Supernova mascot, APP and other accessories products.

Please see link at: https://medium.com/@ultrainchain/2018-ultrain-nova-product-announcement-signing-ceremony-of-the-chief-economic-advisor-64857c2598ed

In order to let more community members who cannot visit Ultrain Nova Product Announcement to better feel the atmosphere, we gathered the product videos here. Welcome to watch! In addition, the complete video of the announcement will be available in the community soon.

The product video about Ultrain’s smart contract — Ultrain Robin Framework

👉https://www.youtube.com/watch?v=-Rk7jKo7pwU


The product video about Ultrain’s consensus — Release R-PoS consensus based conceptual network for verification

👉https://www.youtube.com/watch?v=T4JrMPjz1jQ&t=3s


Thanks for watching!

Ultrain Team
The founding members of Ultrain own the world-class top-notch background of IT, cryptology, computer security, blockchain and finance, possess notable and international resources, hold abundant community operation experience.


Founding members
Join Ultrain community
Telegram

Link：https://t.me/ultrainchain

Facebook

Link：http://[Suspicious link removed]/Ultraincommunity

Twitter

@UltrainB

Best
Ultrain Team

July 30, 2018, Ultrain, the next generation public-blockchain technology venture that was supported by Morningside, Bluerun Ventures, Aplus Capital and DraperDragon, announced that it has again raised a $20 million at 200million USD valuation from global top venture capital firms and crypto funds, including Danhua Capital (DHVC), Sky9 Capital, FBG Capital, Ceyuan Venture, 8 Decimal Capital, ANMI, NGC Capital, Arrington XPR Capital, CPC Capital, Noris Capital, Du Capital, DFG, Evolution Capital, Bixin Capital, Chain PE ,Consensus lab, Mix Capital, KuCoin, Kosmos Capital, CryptoSA Capital, Sailor Capital, Norther Capital, Bitblock Capital, Spark Digital Capital, CDC Capital and more.

Please see the link at: https://medium.com/ultrain-chain/leading-next-gen-public-chain-ultrain-raises-20-million-at-200-million-valuation-66ed8c95f720

A public blockchain project founded by the former head of Alibaba’s blockchain team has raised over $20 million from institutional investors in a combined token and equity sale.

Called Ultrain, the startup announced Monday that leading investors in the round included token funds, such as Draper Dragon, FBG Capital, DanHua VC and Arrington XRP Capital, as well as blockchain industry startups, such as crypto wallet Bixin and exchange OKCoin. Traditional VC funds including Morningside Capital and Ceyuan Capital also participated.

For the entire article, please see https://medium.com/@ultrainchain/draper-dragon-backs-20-million-raise-for-alibaba-vets-blockchain-startup-d7c94a40cb0c

Based on the theme “Future Reinvented”, China-US Entrepreneur & Investment Summit happened in Silicon Valley on July 21st. It is an event cooperated by different research institution, global industrial union and international media.
This China-US summit connects the technology investment community between China and US, establishing a channel between entrepreneurs, developers and investors.

This summit discusses the latest technology and application of Blockchain, as well as the changes of Blockchain technology in the field of entrepreneurship and investment. Key opinion leaders were invited, together they discover the great value of Blockchain and how we can accelerate the application of Blockchain Ecosystem.

For more information please see link: https://medium.com/@ultrainchain/ultrain-was-awarded-the-rising-star-of-blockchain-2018-on-china-us-entrepreneur-investment-bd62ac0e11d

The blockchain system is now facing its own impossible triangle: decentralization, security and high performance.”

One of the most comprehensive article written by Rui, Ultrian's CEO

Please read the full article at https://medium.com/ultrain-chain/introduction-to-the-worlds-top-tier-blockchain-3-0-project-4c1071af4f01

Here is a summary for Online Meetup on Reddit, Augst 22nd, 9:00pm-10:00pm(EDT). We are happy to have Husen Wang, Chief Cryptologist at Ultrain, answer and feedback those questions that from Ultrain community.

See detail at: https://medium.com/@ultrainchain/online-meetup-privacy-protection-of-blockchain-application-a9e914c6a63a

NEW YORK, NY / ACCESSWIRE / August 31, 2018 / Ultrain has been selected as a participant in the Microsoft Accelerator Project and invited to participate in the latest annual forum in Yabuli as panel speaker, which is considered to be the “Davos of China”.


Ultrain is a project that is dedicated to the development of Blockchain technology and the establishment of its ecosystem. Meanwhile, good developments continue to happen. Examples include the successful completion of cornerstone financing, official establishment of the Nanjing office, and establishment of a strategic collaboration with Electronic Soul Lab.

See more at:https://medium.com/ultrain-chain/ultrain-joins-microsoft-accelerator-and-invited-to-yabuli-davos-of-china-as-panel-speaker-1992497a748c

BEIJING / ACCESSWIRE / August 24, 2018 / Unitopia lab, a Blockchain research lab of the well-known Chinese video game developer Electronic Soul, is pleased to announce its strategic partnership with Ultrain . Together, they aim to establish a presence in this new market and make Blockchain video games a household product.

Please refer to the below link for full article: https://medium.com/ultrain-chain/a-new-era-of-blockchain-gaming-unitopia-lab-announces-strategic-partnership-with-ultrain-63e6b401fa7e

What is UGAS Genesis Mining?
UGAS Genesis Mining is an event that starts 24 hours prior to the public debut of UGAS/ETH and UGAS/BTC trading pairs. Only whitelisted users may participate in the Genesis Mining event. During this event, users can trade on the Bgogo platform and receive a 105% trading fee rebate in the form of UGAS tokens. Given the fact that no UGAS trading pairs will be listed during the Genesis Mining event, the value of UGAS will be pegged to ETH at the same price as private sale. This means that whitelisted users can enjoy an extra 5% bonus on top of private sale price, with absolutely NO lockup. The rebate will be paid out to users’ accounts in only 30 minutes after the trade.

Note: During the UGAS Genesis Mining period, trade mining will only rebate UGAS. After UGAS Genesis Mining, Bgogo platform will continue to rebate BGG tokens.

Please see more detail at: https://medium.com/@ultrainchain/ugas-genesis-mining-event-f8e90c39480a

Best,
Ultrain

Ultrain is excited to announce the upcoming blockchain hackthon event of “smart contract” happening in October 1st till October 7th. Scope of the questions will be based on each participant’s personal preference, and open bo[ok research is allowed during the answering process. Ultrain has prepared sizable prize for this hackthon event, and we welcome all hacker talents to participate in our event!!!

Time Frame for The Hackathon：

October 1st 00:00- October 7th 18:00 PDT

Date of Award Ceremony：

October 9th

Location for The Award Ceremony：

Hilton San Francisco Union Square, 333 O’Farrell Street, San Francisco, CA 94102, United States

Prizes：
(1) First place 20,000 UGAS (1 Winner)
(2) Second place 10,000 UGas (2 Winners)
(3) Third place 5000 UGas (4 Winners)
(4) Participant Award 100UGAS (All participants)

See more information at https://medium.com/@ultrainchain/ultrain-blockchain-hackathon-da6fda4878cd

Ultrain Technology Limited is a cloud computing and smart contract platform with a programmable tech-infrastructure and multiple add-on features. Ultrain will function as an infrastructure for scalable decentralized applications (dApps), as well as provide trusted computational services to multiple sectors, such as retail,shared economy, logistics, financial services, healthcare, and media/entertainment.


The company will use a new random trusted consensus framework allowing the network to use only 1% of computing power to mint new coins, freeing up the remaining 99% to be used by applications. Ultrain will provide computing power for network management, AI,user-friendly smart contracts, high-performance trust computation, and blockchain IoT services.

This business ecosystem is comprised of multiple business organizations separated into three sectors:

The Technology Sector: Infrastructure services integrated based on public blockchain, AI, and IoT.

The Horizontal ServicesSector: organizations that provide decentralized business services, including decentralized insurance, decentralized banks, decentralized loan services, etc.

The Vertical ApplicationSector: decentralized application services that can be implemented in numerous industries such as finance, retail, scientific research and development,manufacturing, logistics, entertainment, pharmaceutical biochemistry, food,real estate, education, agriculture, etc.

Consensus features of Ultrain:

Completely decentralizedarchitecture

Ultra-large-scale networkcluster

Multi-terminal support

High-performance computing

Decentralization design

Token

UGAS is the utility token that will be used within the Ultrain economic system. UGAS will be required to pay for the use of the computing power and third-party service components on Ultrain. Also, all participating nodes are required to mortgage UGAS. UTokenson Ultrain, similar to ERC20 tokens on Ethereum, will be issued by each dAppsrunning on the network. dApps will choose their own consensus mechanisms and token metrics.

The project has already raised $20 million during a seed round, during which 10% of the token supply was sold. Five percent of token supply is allocated for private/public sale scheduled for Q4 2018. The overall breakdown is as follows:

50% Mining

15% Core Team

10% Foundation/Ecology

10% Private Sale (Alreadycompleted)

10% Consultant &Community Building

5% Future Private/PublicSale

Team

The Ultrain team isimpressive, bringing extensive experience from powerhouse companies such as Alibaba, Google, IBM, and Ant Financial. Their experience includes IT, finance,blockchain, business, management, computer programming, & software development.

Team members include:

Rui Guo — Ultrain Co-founder & CEO. Former Technical Director for Alibaba Group. FormerSenior Architect for IBM.

Emma Liao — Ultrain Co-founder & CSO. Founder of Pioneer Capital. Managing Director of Golden Brick Capital TMT, founding CEO of Kunlun Redstar. Head of IOT investment. Head of china of leading European investment bank goetzpartners GmbH and International Account Director at New York Private Bank & Trust. Personal investor of NIO, Renrenche.com and 360.

Ning Li —Ultrain Co-founder & CTO. Former technical director of the Alipay Blockchain team. Former core architect of the Alibaba Cloud OS.

Yufeng Shen — Ultrain Chief Architect. Former Senior Technical Expert for Alibaba Group. Former SeniorSoftware Engineer for Google

Husen Wang — Ultrain Chief Cryptologist. Former Blockchain Cryptography Expert for Ant Financial. FormerProject Collaborator for Luxembourg Institute of Science and Technology (LIST)

Advisors include:

Dr. Keyu Jin — TenuredProfessor at the London School of Economics. Board Member for the RichemontGroup. Harvard University PhD

Luyu Yang — Co-founder ofmusical.ly. Former Product Management Director for eBaoTech Corporation.Co-Founder of Snowbird Consulting

Verdict

Using a completelydecentralized public network with lower operating costs, higher operatingefficiency, and innovations in cryptography, Ultrain aims to surpasstraditional public blockchain platforms in performance and scalability with upto 20,000 tps. With a stellar team and strong financial backing, Ultrain couldbecome a major player by 2019.

Risks

Even with an all-starteam, competing with the likes of Ethereum, EOS, and NEO is no small task. -1

Token metrics are a majoraspect which ico investors consider. Based on current information available,the total market cap valuation is $200 million which is rather high in thecurrent market. -1

The hype factor forUltrain, which carries weight in the current crypto market, isn’t consideredhigh. However, it is currently growing and gaining momentum. -1

Growth Opportunity

Ultrain will releaseimportant R&D milestones and be the keynote speaker at SF Blockchain week in October to kick-start the developer community building for Ultrain. Thereare several products to be released: (1) Public testnet launching, (2)Permitted mainnet launching, (3) Zero knowledge proof demo, and (4) MultipleDApps demo on chain. +3

Unitopia lab, a Blockchainresearch lab of the well-known Chinese video game developer Electronic Soul, announced a strategic partnership with Ultrain. Together, they will aim toestablish a presence in this new market and make Blockchain video games ahousehold product. +3

DApps will be able to usetheir own consensus mechanism or choose PoW, PoS, DPoS, POA, and RPOS. +2

Ultrain has an extensivelist of investing partners including Draper Dragon, FBG Capitol, KuCoin, andBixon. +2

Disposition

While Ultrain hasn’t gotten as much attention as some hyped up ico’s, this could work out in favor of investors who see an opportunity of an excellent project that’s been flying under the radar. The team and advisors are solid, they have a partnership with Unitopia lab, and they have the backing of numerous VC firms. All things considered, Ultrain receives a 7 out of 10 rating.

Investment Details

Type: Utility

Symbol: UGAS

Total Supply: 1,000,000,000 UGAS

Private Sale: 10% of tokens (Completed)

Future Private/Public Sales: 5% (Q4 2018)

For more informationregarding Ultrain:

Website: http://www.ultrain.io
Telegram: https://t.me/ultrainchain
Twitter: https://twitter.com/UltrainB
Facebook: https://www.facebook.com/Ultraincommunity/
Medium: https://medium.com/@ultrainchain

“Ultrain is not only a public chain, but a full stack decentralized blockchain engine .”

On October 8th, 2018 of Pacific Time, Ultrain, a start-up founded by formal senior technical executives of Alibaba, was invited by San Francisco Blockchain Week (SFBW) for a keynote speech. During the summit, Ultrain also 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, as well as the three middleware components; customizable zero-knowledge proof, random number generator, quantum resistant wallet and a number of other on-chain DApp demonstration. Ultrain proclaimed that its smart contract develop framework is now available open-sourced.

For more detail please read article:https://medium.com/ultrain-chain/ultrain-the-next-generation-blockchain-engine-that-pushes-for-technical-advancements-in-a-aeeb8541dfe8

Best
Ultrain Tea,

South Korea is a countries highly involved in blockchain. Ultrain is fully aware of the potential with this market. Thus, is now putting emphasis on South Korea as a priority and perceive it as a crucial step in community establishment.

Meet Up at Seoul: For more information, please see the articles at: https://bitcointalk.org/index.php?action=post;topic=5092657.20;num_replies=27

On the evening of October 25th, Ultrain and Bgogo collaborated a meet up event, 200+ local blockchain professionals and fans participated in the event. A full house event for Ultrain!

Ultrain (token: UGAS) is proud to announce that 1,000,000UGAS will be made available to developers who have Proof-of-Skill (POS) applications, through Primco (www.primco.io). The tokens will be released to reward long-term developer fans who are believers in Ultrain (https://ultrain.io/) by 15 Nov 2018.

Please see below for the blow questions: https://medium.com/@ultrainchain/ultrain-spreads-ugas-love-to-developer-community-members-fd33ee95e342

Emma Liao may look like a fashion icon, but she’s actually one of the most accomplished young businesswomen in China today. She has overseen multiple billion dollar cross-border transactions with many of the world’s top companies, was the founding CEO of China’s first professional ice hockey club team in KHL, and she is now setting her sites on the biggest challenge in tech today: taking Blockchain mainstream. Does this rising star have what it takes to do what Vitalik Buterin and Dan Larimer have failed to do as of yet?

Looking at her background and connections, the answer may actually be yes. Emma has nearly 10 years of experience in cross-border M&As, Growth Capital and PE investments. This has given her an edge that most blockchain founders simply don’t have: enterprise level connections. She can pick up the phone and call the kind of people that most founder’s would never be able to access.

“I had the honor to work with many global top leaders since early 20’s. Whenever I meet the CEO of Schindler, family owner of Dassault, or the Chairman of MIT, they ask me the same question — what is blockchain, how can it create value? A basic understanding of what blockchain can bring is nearly non-existent in the traditional business world. The first question they always ask me is, ‘What’s the business model?’”

This brings up the question looming over the entire industry: How can you build a sustainable business in Blockchain? Where does the revenue come from? Up to now it has been presented as an alternative business model, more like public infrastructure or a capital play, but to survive, as Emma says, “we need a business model that’s not just raising money from the community [through ICO’s].”

Her project, Ultrain, which was co-founded together with Ray Guo, former technical director of Alibaba Security Unit, and William Ning Li, former head of R&D in Ant-Financial Blockchain Department and core architect of Alibaba Cloud OS team, aims to provide public infrastructure for the future of decentralized business on the Blockchain, but also provides a solid business model and revenue stream to provide substantial benefits for its ecosystem and community. They describe their next generation public-blockchain technology as a high performance core engine that will enable multiple layers of stakeholders in a variety of industrial applications to build a connected commercial ecosystem.

Currently she believes that Blockchain could potentially solve key bottlenecks for data acquisition and sharing that today’s AI world sees as the top challenge. It will also make value transfer possible between IoT devices. However, in order to make that happen, Blockchain’s own challenges such as true decentralization, performance, security, governance and privacy issues have to be solved first. This is why Ray, Emma and William saw it as the perfect time to come to market with an overall solution like Ultrain.

The Ultrain team wants their platform to be the infrastructure for the future — for the future of connectivity and business, not just blockchain. They want this infrastructure to be as light as possible so they can encourage the world to use it as the simplest and most comprehensive solution for decentralized applications. They say they are also ready to tackle even bigger problems as their technology can function as an engine embedded as a layer for both AI and IoT solutions. For AI it will solve the key issues of fairness and trust between parties sharing data for training and inference. IoT devices, can serve as a role in the mining layer, but Ultrain would also enable support for the transfer of value directly from device to device. The transfer of value on a broader level only works when it’s built on a public and universally trusted platform. Private or centralized data would still hinder such applications. Once data is collected under a single consensus mechanism on a public blockchain network that any device can access, all data will be able to be shared with confidence, thus enabling millions of new potential applications.

Emma sees developers and enterprise customers as key to their success. “We want to empower end users with a friendlier interface and programming languages. We want the users to be able to develop on top of Ultrain easily so they can embed their own vision and business goals. Our job is to give them the best toolkit. That’s why we’re making an engine to empower them to be able to build whatever they want.”

Part of the problem that Emma and her team see in the market right now is that there are so few truly sophisticated blockchain developers available to help build these decentralized systems, partly because the industry is so premature. In her view, despite the hype in the crypto world, there’s not much reason yet for highly paid Google and Facebook developers to jump into this industry, because they don’t know how to engage with this new world. That’s why she’s excited about her team of nearly 40 developers. “Actually, it’s a big thing for them to jump out of Alibaba and Google to join us,” she said. “They’re giving up their stock options worth a lot of money and to join us, because they believe in us. And we can actually build an engine and platform for developers that they can use. Then enterprises will understand what blockchain can offer.”

Emma sees her role as keeping their developers minds free to work on the tech, instead of trying to run around the world pitching to developers and the corporate world. “I think that’s a key recipe for success for a truly rockin’ company. Most blockchain founders are developers, and they don’t necessarily have sophisticated engineering or business experience or a global network like we do. It is my honor to work along side our brilliant co-founders Ray and William who are working hard on the tech itself. Our deep engineering and business experiences allow us to build not only great tech, but a great, applicable, user friendly product. And with my finance, business and marketing experience, our developers can focus on what they’re good at and I can focus on what I’m good at.”

How is this recipe working? Emma has already helped Ultrain raise $20mil from some of the biggest VC’s in the field, including San Mateo based DraperDragon, Stanford rooted Danhua Capital (DHVC), FBG Capital, Arrington XPR Capital, NGC and Consensus Lab. Ultrain has also become a “Gold Partner” of Microsoft’s Global Service Network after winning the Microsoft Accelerator Competition. More than that, Emma is busy lining up major partners for Ultrain through her business network while supporting and inspiring more businesses with the possibilities of the blockchain.

Emma, Ray, William, and the Ultrain team believe that Blockchain is the future of connectivity. Not merely communication, as the internet brought us, but connectivity to the Internet of Things, to AI, and to everything that exists beyond the mobile internet era. This is the next era of how people will interact with each other and with technology. Many majors players in China today believe the same. “A lot big players likeTencent and Alibaba, Amazon and Facebook look like the winners in the mobile internet era, but other major players are trying hard to invest in the future so they can win the next battle,” Emma says. “That game of the future we believe is Blockchain enabled AI, IOT and more, and we are glad to see more and more mainstream giants participating in it.”

Morningside Venture Capita as Lead Investor! Ultrain successfully raised tens of millions of dollars during Angel round on the first half of this year.

After Ultrain Technology Limited (here in after referred to as “Ultrain”) obtaining 4 million yuan seed round financing in October last year, it also successfully raised tens of millions of yuan financing during the Angel round Investment with a valuation of hundreds of millions of yuan. This round of funding is led by Morningside Venture Capita, a top venture capital organization in China, thrown by Hong Tai Fund, DraperDrago Fund.

See the full article at: https://medium.com/@ultrainchain/ultrain-successfully-raised-tens-of-millions-of-dollars-during-angel-round-eea358628b27

On November 5th, Apluscapital hosted a campus recruiting event at the Peking University. With over 180 people trying to fit in a room designed for 100, crowded is an understatement for how popular the event was. Ultrain, as one of Apluscapital’s key investment, has also participated in such an event.

Please see the full article at: https://medium.com/@ultrainchain/on-november-5th-apluscapital-hosted-a-campus-recruiting-event-at-the-peking-university-57ad9883cb51

Q: There are a lot of projects in space, many that say they can solve perennial and similar issues in the industry, some of them already have testnets running, or, their mainnets have almost or already arrived. How does Ultrain compete in the terms of time and delivery?
A: Certainly, there are many public chains in the market. Ultrain has already launched the testnet on Sep 30. Our mainnet will be released in early part of second quarter 2019, which is our current focus.

Q: Will there be a burn mechanism within Ultrain’s ecosystem？
A:The burn feature was instituted in our initial ecosystem design. However, due to U.S. security compliance, we are discussing other potential designs to our ecosystem.

Q: How do Ultrain’s smart contracts differ from Ethereum’s?
A: We provide special middleware such as random number generators, ZKPS and PQC wallets, so that users can write unique DApps on Ultrain. Ultrain’s smart contracts are easier to write and run more efficiently. We support similar JS languages and enable WASM instruction set compilations.

Q:How does Ultrain differ from ZIL, since both are considered blockchain 3.0?
A:Sharding is not ready for blockchain right now. ZIL’s main idea is that of sharding, i.e., dividing the mining network into small shards, each capable of processing transactions in parallel to increase TPS and uses PoW for consensus. But Ultrain’s high performance comes from lay0 network optimization and BFT voting acceleration. Ultrain uses R-PoS for consensus. Overall, both projects adopt two totally different approaches.

Q:How is R-PoS different from say consensus mechanism of DAG or hashgraph? And what edge does R-PoS have?
A:This is a rather big question, which may require a whole separate paper on it! DAG-based consensus have long confirmation times, since different nodes have different views. It requires notary nodes to accelerate confirmation, but the consensus between notary nodes have the BFT problem. Generally speaking, R-PoS use VRF to select nodes as proposer and voters to finish the consensus process. Most nodes are listeners, following the decided block result; while DAG and hashgraphs involve gossip. All in all, both have their advantages.

Q:Why is the testnet by invitation only and not open to the public?
A: The testnet is open and can be interacted through our explorer or the JS SDK U3.JS. The invitation is for those who want to host nodes for Ultrain’s testnet. There are two considerations for this: on the one hand, because the test network does not yet beget users to be financially motivated; on the other hand, we need fork for an upgrade.

Q: How can we get access to results and information on your testnet?
A; You may view it here http://explorer.ultrain.io

Performance

Q:In the whitepaper, it’s mentioned that there are two consensus that will be applied to the framework to greatly enhance transactions performance and efficiency in confirmation time. What are those two consensus?
A:The two consensus that are mentioned are the technical consensus and the business consensus. For technical consensus, one is for the mainchain and the other is for the sidechain. Our mainchain uses R-PoS, while the sidechain similarly uses R-PoS, D-PoS and so on.

Q:Based on your testnets, what’s the highest TPS Ultrain has achieved?
A:We’ve achieved 3,000 TPS.

Q:Given how the input parameters for the VRF will be the performance of the machine, how will that be measured? Will it be based on computation power?
A:The VRF performance is benchmarked with standard hardware configurations to test the running cost. As it is not akin to PoW, it is not based on computing power. The input parameters of VRF are nonces such as block heights; roles such as proposers, phases and nodes’ private keys. It has nothing to do with computation power.

Q:Ultrain will support DApps, which most of the future projects focus on: will there be data storage for these DApps? You are probably aware that Cryptokitties (as an example) clogged the Ethereum blockchain; how will you overcome those type of issues?
A:Cryptokitties suffered from the low TPS of Ethereum. With Ultrain, its high TPS will overcome that. As for the question on the data storage, the data in users’ smart contracts will be saved on chain. The full nodes, which provide historical information, will have a high level of hardware configuration and distributed storage solutions.

Q:I am told that Ultrain will only use 1% of computing power for normal operations and the remainder will be reserved. Is that true?
A:As described in our whitepaper, 1% of computing power will be used for the consensus, the rest can be used to do other things, like AI computation. For our business model, not all computing power is needed for consensus.

Q:The new consensus mechanism increases performance manyfold, but only use 1% of computing power. Its speed and security still looks good. I would like to know how many nodes are needed for full decentralization?
A:With R-PoS, the proposers and voters are selected by cryptographic algorithm. All nodes that meet the minimal stake requirements have the possibility to be selected. So it’s totally decentralized among all the nodes. The more nodes you have, the more security you have, and it has nothing to do with the degree of decentralization.

Q::Does the oracle machine mechanism maintain a stable operating cost for DApps?
A:As described in our whitepaper, we do use it to monitor and dynamically adjust the computing power price, ensuring that the operating costs of DApps are maintained at a relatively stable level for a period of time.

Q:Does the Dynamic-and-Adaptive sharding improve on current sharding technology? Is it also smart contracts-compatible?
A:It certainly does and a more detailed explanation is in the yellowpaper https://ultrain.io/downloads/Ultrain%20YellowPaper_v1.0.pdf. And yes, our Dynamic-and-Adaptive Sharding is smart contract-compatible.
Security

Q:Is Ultrain quantum computing proof ?
A:We have no new announcements regarding that at the moment. But the post-quantum wallet can be integrated any time. Please take a look at our middleware, which is based on state-of-art post-quantum public key signature algorithms and multisignatures, which avoid the risk of being attacked by quantum computers.

Q:How does Ultrain prevent attacks?
A:We have strong real action engineering experience to prevent such attacks. Additionally, we have well-known international security companies as our partners to handle attacks.

Q:Will your self-learning smart contracts be reliable enough? Will there be any control over them when users write the smart contracts themselves?
A: There are some limitations. You can refer to our whitepaper for information on Ultrain’s security https://ultrain.io/downloads/Ultrain%20Whitepaper_v1.1.8.pdf.

In the evening of November 10th, Berlin time, Ultrain’s chief cryptographer Husen Wang and Germany’s hub leader of Ultrain, head of consumer management from BMW Group’s digital services, Alex Wolfson jointly hosted a small technology developer meeting in Berlin.

Please refer to the link at https://medium.com/ultrain-chain/ultrains-berlin-offline-event-2adb1b7d705e

Founded back in 2017, Ultrain is growing at a tremendous speed. Ultrain now has offices established in three top-tier cities in China, Hangzhou, Beijing, and Nanjing, with approximately 50+ official employees, as well as the Hub leader, Community manager and many other participants around the world. As more and more talents join the Ultrain family, limited space becomes a vital issue remain to be solved. The co-founders of Ultrain decided to relocate headquarter in Hangzhou.

The new headquarter office came with many perks, with dozens of a restaurant located right downstairs, the variety of lunch options is impressive, an event to the extent that it is overwhelming. After a delicious feast on food, one might find himself in a bit of food coma. No worries! You can get your daily intake of caffeine from Starbucks, which is located right at the corner. -- As a old saying in China, "food always comes in first", a good day is sometime defined by the quality of your lunch!

Please read the full articles at: https://medium.com/@ultrainchain/ultrains-new-headquarter-in-hangzhou-3ec52172b121

Best
Ultrain Team

As the community members already know, ULTRAIN’s vision is global. They aim to grow and manage an active community, they are looking for experienced help and are officially launching our Ambassador Program

As an ambassador, individual have to be a highly trustworthy person, since he or she will be the primary contact for the community in your region. He or she need to acquire a proper understanding of ULTRAIN to answer basic questions yourself. You will have weekly Skype calls with our Community Manager. And, yes, of course there is a big reward.

Please see the below links: https://medium.com/ultrain-chain/ultrain-ambassador-program-e8c066eda1b7

At Ultrain, we firmly believe that blockchain technology will mature and eventually establish innovative accomplishment by the talents of a younger generation. Therefore, Ultrain’s technical community is focused on colleges and universities communities, Ultrain enters the campus to interact and communicate with the younger generation, invite more creative younger people to work with us and tries to promote the development of blockchain technology, and achieve more technological breakthroughs, and aim to incubate a number of excellent and valuable blockchain application projects.

- For more information, please refer to the below link at: https://medium.com/@ultrainchain/ultrains-first-domestic-offline-technical-exchange-activities-ended-successfully-7fe03cb339dd

Best,
Ultrain Team

Make sure to follow Ultrain's official Medium account to stay up to date on the latest news.

Here is this week's update report: https://medium.com/ultrain-chain/ultrain-bi-weekly-report-12-17-12-31-769d822f575e

Thanks waikey! No Rui was the former technical director of Alibaba Security Group before co-founding Ultrain.

The team has strengths in technology, as well as marketing, so I agree - a very promising project!

By Ultrain’s Chief Cryptologist Husen Wang

RPoS Consensus is divided into the following stages

1、 There are two committees, C1 and C2. Both can be joined freely with deposited stakes.

2、 C1 periodically generates a random number r using Verifiable Random Function. Proposers and Voters are selected by the Fisher-Yates shuffle algorithm with priorities.

3、 All proposers initiate their blocks, where all voters verify and vote upon the highest priority proposer’s block. The votes are signed with aggregatable signature. This makes lightweight client and cross chain transaction verification possible.

4、 After collecting enough votes through BFT algorithm, all nodes generate its block independently, and the corresponding proposer gets rewarded.

Compared with DPoS：

1、 RPoS is more decentralized and safe. Since DPoS has limited amount of nodes, it leaves room for “under the table” collusion between nodes, which compromises the overall security and fairness of the network. For example, during the random number generation process, fairness is required. However, nodes in DPoS can collude to predict or manipulate future random number without being detected.

2、 With larger amount of nodes, RPoS is harder to be attacked when compared with DPoS~There are a limited number of nodes in DPoS, thus easier to be attacked, which results in the overall failure of the network or a fork.

Compared with Dfinity:

1. The BLS signature of Dfinity needs to assume security in Gap Diffie-Hellman (GDH) group , which might

2. limit the security level of randomness. Threshold signature requires pairing calculation that runs slowly. During the process of threshold signature, members need to exchange information, which may result in a slow threshold signature and increase vulnerability to malicious attack. RPoS limits threshold signature to voting and changes voters frequently without group setup problem.

3. If participants can join and exit freely the group, it may lead to stolen of private key and predictable randomness.

4. The signature of groups cannot be compared to that of the PoW system (such as bitcoin), thus the security of block confirmation cannot be guaranteed and results in a longer confirmation time.

Compared with Algorand:

1. Algorand selects its committee member, especially the proposers, based on probability. Which might result in multiple proposers that causes the issue of “network storm”, which increases the overall consumption of bandwidth for nodes.

2. RPoS utilizes threshold signature algorithm, which composes a smaller voter message that is easy to transmit within the network and for client side verification.

3. RPoS introduces an incentive mechanism for both proposer and voter, a double signature punishment system that further improves overall security.

In addition:

1. RPoS optimizes layer0 message transmission, to minimizes arrival time for message propogation.

2. The RPoS plans to introduce TEE and KYC mechanism to further improve the overall system security.

After the previous collaboration with Microsoft Accelerator established back in August, Ultrain, as a public chain project, is honored to be selected as a partner for the “AWS Activate China” program.

For more information, please read https://medium.com/ultrain-chain/the-chosen-one-ultrain-now-joins-amazon-aws-activate-1716564a9dd9

Seoul — December 5th 17:00, Ultrain collaborated with South Korea’s famous blockchain media Blockdaily, together conducted an AMA event in the Korea Telegraph Group. Ultrain co-founder Emma Liao Zhiyu and Chief Cryptologist Husen Wang answered a series of questions online. This AMA event was a success and well received by the Korean audiences! Not only did the event was evaluated by the Korean media as the most active online AMA held in recent times, but it was also highly praised for its high quality dialogue.

- For more detail, please read: https://medium.com/ultrain-chain/ultrains-online-ama-event-a-hit-in-korea-aee995bf8604

- An analytical artilce by Guo Rei, Ultrain's CEO and Co-founder:

"Blockchain has been described as a revolutionary technology — that the technology born from Bitcoin will change our lives and guide us towards a future way of living. This hype is somewhat dampened, however, by the disappointing performance of existing blockchain infrastructure. Ever since Ethereum was introduced to the world, Blockchain 3.0 has been the ultimate vision that will fully realize the true value of the Internet. It is widely believed that a virtual business network, perfectly compatible with the concepts of decentralization, security, and ideal performance, will eventually be realized......" Read more at https://medium.com/ultrain-chain/too-dull-to-mention-the-era-of-blockchain-3-0-is-coming-bb1c9b9ff8ae

An in depth article provided by the CTO and co-founder of Ultrain - Ning Li,  gpoimg forward there would be a series of articles that elaborate on the topics of various technologies of Blockchain 3.0; including consensus, virtual machines, smart contracts, world state, sharding, state channeling, and the marginal benefits of the private asset.

Please read the full article at： https://medium.com/ultrain-chain/evolution-of-blockchain-the-past-the-presence-and-the-future-3f1b44d36b54

Ultrain successfully ran its first official event last weekend in Ho Chi Minh City, celebrating the era of blockchain in the heart of the busy city.

Please read the full article at: https://medium.com/ultrain-chain/welcome-to-vietnam-ultrain-88a7682c771c

Ho Chi Minh City, one of Vietnam’s biggest cities, is a bustling metropolis, full of friendly people, breathtaking landmarks, and tantalizing street food. This is what all travelers dream of — including Ultrain’s energetic CSO, Emma Liao! Emma launched the event to a crowd of local technologists, eager to learn about the cutting edge technology from China, backed up by the Ultrain team.

Ultrain hosted an official meetup event in Seoul, Korea — a Gangnam style celebration, drawing a crowd of community members as big as Psy!

Ultrain touched down in Seoul on December 16th straight from Vietnam, to hold an event that would ignite the enthusiasm of the Korean community, winning praise from the local Kakao group. - For more detail please read article at https://medium.com/ultrain-chain/welcome-to-korea-ultrain-6d2a84b9270c

Ultrain'e CTO and Co-founder Ning Li elaborated the difference between Blockchain and Distributed Database, two terms often confused by the general public.

Please read the full article at " https://medium.com/ultrain-chain/the-difference-between-blockchain-and-a-distributed-database-556f8361e6b3"

Li mentioned in his previous article on the evolution of blockchain technology, he will try to continue a series of articles that further explain the world of blockchain. His goal in this article was to breakdown the difference in nature between blockchains and distributed databases, and in his upcoming article he will elaborate how smart contracts can be perceived as “nuclear power” for the world of blockchain, rather than an interface for external services. I will also describe a series of valuable applications for smart contracts.

Dear Ultrain community members,

Thank you all for the overwhelming interest and support for Ultrain’s recent public testnet application. We have received a large number of applications, with candidates applying from all over the world, many of which have a technical background in blockchain. Others have backgrounds in traditional industries, but have demonstrated extreme motivation and passion for Ultrain.

Ultrain would like to officially announce our first nineteen successful applicants for the testnet! More details at https://medium.com/ultrain-chain/announcing-initial-participants-in-ultrains-testnet-335f9d6c5683

 5766655@***.com
2. 739050848@***.com
3. bigthomsan@***.com
4. yooobuntu@***.com
5. somtam4455@***.com
6. spiritearth@***.com
7. ansqld@***.com
8. a9876543245@***.com
9. yang.liu@***.com
10. shenzhunallen@***.com
11. shanhaimeng2013@***.com
12. manson.wang@***.com
13. ucqwertyui@***.com
14. 785807763@***.com
15. lauravn0904@***.com
16. 822057413@***.com
17. zhouchuang@***.com
18. ironman_uestc@***.com
19. tesirocyt@***.com

Ultrain welcomes everyone to continue submitting testnet applications, and stay tuned for more updates from the team!

Ultrain Team
2018. December 26th

You guys made a great video to explain your project.

May I ask is Guo Rui is the same guy who was the leader of Tencent Blockchain Department ?

Looks like a very promising project !

The year of 2019 is gonna be the age of DApp, whoever holds the most DApps and even a single killer app would be the go to choice for infrastructures. I like the fact that those partners are now working on Ultrian's public chain

A great article by Ultrain. I like Gup's quote on "the most important aspect of a project’s success is often its economic design. A reasonable and logical model can preserve the overall security of a blockchain through economic incentives." In fact, it synchronizes with my own understanding. I think that token and incentives are heart and soul of blockhain.

DON'T GET ME WRONG, the actual technology implementation and achievement are extremely important as well, but getting the communities, and in this case, the miners on board are crucial for Ultrian's success! as those miners are the one providing services. I believe they can achieve the so called "win win situation". I mean 80% of the rev are going back to the miners!

This looks pretty solid to me Ultrain, attaboy! 

Just wanted to point out Ultrain's impressive design philosophy and approach that's capable of resolving for the main concerns faced by both miners and developers.

As the article has summarized, the concerns faced by developers are
1) dilution of computing power, 2)Volatility of token price, 3) Liquidity of mining rigs,

and for the developers they are facing 1) high cost of operation and 2) cost management issue.

Ultrain's design incorporated upfront payment stacking approach and a guarantee rate of return for mining rigs to reduces miner's concern. While offering packaged deal solution to reduce the cost for developers. I personally think those approaches are gonna solve some of the major issues we oftenly see with the major platforms

And finally, Ultrain has launched UltrainOne - our very own mobile application!

UltrainOne has many different features, such as UGAS wallet, latest Ultrain news feed and mobile store.

You can download it now from the following link: https://developer.ultrain.io/shareSoftware?language=en

Read more about the app on our official Medium: https://medium.com/ultrain-chain/announcing-the-launch-of-ultrainone-the-official-ultrain-app-acdf5fff5eb4

There is even more exciting news hot off the press: Ultrain's permitted mainnet has been launched in order to satisfy existing demand for commercial services!

Ultrain's early partners, such as Unitopia, Mixmarvel Technology, Real Event Limited, Jungo Network, and Great Resource New Energy are already working on decentralised applications using Ultrain's public chain technology.

Read all about the permitted mainnet here: https://medium.com/ultrain-chain/ultrains-next-gen-public-blockchain-has-successfully-launched-permitted-mainnet-55c2fb88d4b8

Rui Guo has recently posted about Ultrain's economic detail. Read about it on Medium and leave your comments and applause!

https://medium.com/ultrain-chain/introduction-to-ultrains-economic-model-74920e1c687f