Topic: [ANN][ICO] Universal Labs - Future of Blockchain Personal Cloud - page 10. (Read 6958 times)
How else can the OWP protocol can be useful?
What is the concept of Dapps and what potential use can be?
The concept of decentralised apps is simple, they have to fulfil these 4 conditions:
1) Be Open Source & Autonomous Managed: It should have its code base open to scrutiny and have any changes decided by the majority of its users.
2) Stores Its Data Via The Blockchain: All records and data of the app are to be stored on a decentralised blockchain network to avoid consolidation at any one source.
3) Provide Incentives: Issuing cryptocurrencies (a store of value) or cryptographic tokens to validators of the blockchain.
4) Cryptographic Tokens Generated via A Protocol: Also known as an algorithm to show a proof of value.
And due to this dapps has a potential to replace many business models that currently operates under a centralised leadership?
Hey, guys!
You need to add token details to let participants to get in the idea.
You need to add token details to let participants to get in the idea.
Hello! What exactly you want to know about our token?
All computations carried out on the Ubbey network is subject to fees to prevent network abuse and to ensure the integrity of the consensus algorithm. The fees required for the transactions are specified in units of yo. Yo is used to pay the
fees for all computations in the Ubbey network, including creating contracts, executing contracts, and conducting privacypreserving ownership exchange on the OWP. The specific amount of yo required for each computation depends on the type of the computation and the amount of system resources required to execute it. YOU tokens are used to purchase the yo used to conduct computations, so the yo price is quoted in the number of YOU coins. The yo price will fluctuate based on the amount of transactions on the network and the amount of system resources that are available.
YOU tokens can also be used as the payment for sharing storage. Since we create a decentralized storage service, we will let all Ubbey network nodes to share profits from the decentralized storage service.
In short, YOU coins are used for the payment of:
- Creation and execution of smart contracts
- Exchange of digital asset ownership
- Storage of data
- Retrieval recovery of data
What is the concept of Dapps and what potential use can be?
The concept of decentralised apps is simple, they have to fulfil these 4 conditions:
1) Be Open Source & Autonomous Managed: It should have its code base open to scrutiny and have any changes decided by the majority of its users.
2) Stores Its Data Via The Blockchain: All records and data of the app are to be stored on a decentralised blockchain network to avoid consolidation at any one source.
3) Provide Incentives: Issuing cryptocurrencies (a store of value) or cryptographic tokens to validators of the blockchain.
4) Cryptographic Tokens Generated via A Protocol: Also known as an algorithm to show a proof of value.
What is the concept of Dapps and what potential use can be?
I got your mail. When can I get the product? What's the next step?
Nice! More updates will come regarding distribution of the Ubbey Box!
Waiting for distribution. I will send you a box mail later.
Yes, that is right, more information will be released soon!
I got your mail. When can I get the product? What's the next step?
Nice! More updates will come regarding distribution of the Ubbey Box!
Waiting for distribution. I will send you a box mail later.
I got your mail. When can I get the product? What's the next step?
Nice! More updates will come regarding distribution of the Ubbey Box!
So, you will deliver first Ubbey Boxes soon?
Yes! The pre sale of second batch is ongoing, man! http://ulabs.technology/pre-order
I got your mail. When can I get the product? What's the next step?
Nice! More updates will come regarding distribution of the Ubbey Box!
So, you will deliver first Ubbey Boxes soon?
I got your mail. When can I get the product? What's the next step?
Nice! More updates will come regarding distribution of the Ubbey Box!
Welcome in all! Do check out the pinned message for updates on our crowdsale! Additionally, for those newcomers, please do check out this infographics on Universal Labs!
https://www.youtube.com/watch?v=Xl3CqcofnZw
https://www.youtube.com/watch?v=Xl3CqcofnZw
I got your mail. When can I get the product? What's the next step?
Why is there already a YOU coin listed on OKEX?
Yeah, I saw it too! What is this?! A fake or a scammer?
They will be listed on xBrick.io. This is some other token, similar ticker. Am I right?
That isn’t our token. We haven't yet distributed our tokens. Yes. You're right, we will be listed on xBrick.io, more exchanges will come as time comes so stay tuned!
Why is there already a YOU coin listed on OKEX?
That isn’t our token. We have yet to distribute our tokens.
Yeah, I saw it too! What is this?! A fake or a scammer?
Maybeb it's something else. Ulab still didn't list their token anywhere.
They will be listed on xBrick.io. This is some other token, similar ticker. Am I right?
The two main components of the Ubbey network are the Ownership (OWP) protocol and the Ubbey Box:
· The OWP protocol enables P2P ownership exchange on the Ubbey network and facilitates the exchange of assets between the physical and virtual world. It is also used for creating decentralized applications (dApps) on the Ubbey network.
· The Ubbey Box is the world’s first personal cloud storage built on the blockchain. It’s a physical drive acting as a full node — connection point to the Ubbey network blockchain. It can also be used for a process very similar to Proof of Work mining thanks to the storage sharing concept developed by the company.
Can you describe briefly the ownership registration process?
There are four steps for which any ownership registration process needs to follow:
1. An asset must be demonstrated to be valid
2. The ownership must be verified (the identity of an owner)
3. The asset must be unimpeachable
4. Register
When this process is applied to blockchain registration, as mentioned above, for now a third party may be involved to set up the initial data when migrating to blockchain registration from existing off-blockchain technologies (no matter physical assets or virtual assets). Once the four processes have been completed, an ownership is generated on blockchain with the listed information
The two main components of the Ubbey network are the Ownership (OWP) protocol and the Ubbey Box:
· The OWP protocol enables P2P ownership exchange on the Ubbey network and facilitates the exchange of assets between the physical and virtual world. It is also used for creating decentralized applications (dApps) on the Ubbey network.
· The Ubbey Box is the world’s first personal cloud storage built on the blockchain. It’s a physical drive acting as a full node — connection point to the Ubbey network blockchain. It can also be used for a process very similar to Proof of Work mining thanks to the storage sharing concept developed by the company.
Can you describe briefly the ownership registration process?
Why is there already a YOU coin listed on OKEX?
That isn’t our token. We have yet to distribute our tokens.
Yeah, I saw it too! What is this?! A fake or a scammer?
Maybeb it's something else. Ulab still didn't list their token anywhere.
Am I right, if I buy your Box, I will be able to mine 'YOU's ??
Not certainly in that way. The Ubbey Box is also a full node for the Ubbey network, which means it acts like a miner in Bitcoin network. The Ubbey network block creator will be randomly selected from Ubbey box. Users can mine YOU token through sharing their personal storage space and be rewarded with YOU token as an incentive to power and secure the network.
Can you be more specific about Ubbey Network? What is it made of?
The two main components of the Ubbey network are the Ownership (OWP) protocol and the Ubbey Box:
· The OWP protocol enables P2P ownership exchange on the Ubbey network and facilitates the exchange of assets between the physical and virtual world. It is also used for creating decentralized applications (dApps) on the Ubbey network.
· The Ubbey Box is the world’s first personal cloud storage built on the blockchain. It’s a physical drive acting as a full node — connection point to the Ubbey network blockchain. It can also be used for a process very similar to Proof of Work mining thanks to the storage sharing concept developed by the company.
Why is there already a YOU coin listed on OKEX?
That isn’t our token. We have yet to distribute our tokens.
Yeah, I saw it too! What is this?! A fake or a scammer?
Am I right, if I buy your Box, I will be able to mine 'YOU's ??
Not certainly in that way. The Ubbey Box is also a full node for the Ubbey network, which means it acts like a miner in Bitcoin network. The Ubbey network block creator will be randomly selected from Ubbey box. Users can mine YOU token through sharing their personal storage space and be rewarded with YOU token as an incentive to power and secure the network.
Can you be more specific about Ubbey Network? What is it made of?
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