MOSCOW, August 21, 2017 /PRNewswire/ --
At the Crypto Bazar forum, with holds its focus on developing
and regulating the crypto-currency market in Russia, the creator of the Universa platform
Alexander Borodich, who is the
former top manager of the largest Russian IT company Mail.ru Group
and now the head of the Venture Club venture fund, announced the
plan to attract over $100 million
during the new ICO.
(Logo:
http://mma.prnewswire.com/media/546419/Universa_Logo.jpg )
Universa is expected to make a rival to such financially
successful projects as Tezos ($230
million) and EOS ($200
million). According to Borodich, the founding of Universa
can be compared to the revolution in trade, after the advent of
paper money, or the Internet, after the appearance of HTTP.
"The dependence of blockchain on mining process and its high
expenses resembles the dependence of gold coins on the price of
gold," says Borodich. "Universa offers an easy and cheap way to
produce smart contracts or smart banknotes - sort of a capsule with
an emitter's payment obligation."
The Universa unique feature is a thin protocol and a fat client,
unlike Ethereum, which uses a fat protocol. Each vendor, supplier,
or market player will be able to provide their own local service
within Universa, independent of the others, and to perform payment
transactions in any tokens or currencies.
Borodich considers important that Universa does not act as a
cryptocurrency provider. Universa provides a blockchain technology
and interface for creating smart contracts and applications based
on the Universa blockchain, where Universa smart contracts can be
applied as well as a car "smart key," in the car-sharing services,
hotel business, entertainment centers, SPA, "smart houses," at gas
stations, toll roads, and parking lots.
Borodich gave an example of applying Universa in the cargo
delivery business: "The label on the RFID system (the method of
automatic object identification, which uses radio signals to read
or write data) equipped "smart seals is recognized by the terminal,
and the user receives the cargodescription, as well as any
necessary details. To accomplish this, one only needs a Smartphone
with a Universa blockchain mobile node."
Universa presents many advantages in comparison with the
competitors: Universa's speed accounts for 10,000 transactions per
second, while in Etherium, the number is 15, and in Bitcoin - from
three to six. In addition, transactions in Universa are ten times
cheaper and do not depend on mining.
The Universa ICO start will be announced in the near future. You
can follow the project news on http://universa.io, or at the
official group Facebook.
The experts at the forum mentioned Russian projects being
popular with investors and noted the fact that the capitalization
of the cryptocurrency market crossed the $95
billion mark. Thus, MobileGO ($53
million), SONM ($35 million),
Polibius ($ 31million), Waves
($16 million) raised tens of millions
of dollars in a couple of months. Along with the crypto-investors
and founders of ICO-projects, the speakers at the Forum included
the Russian State Duma representatives and the heads of the
industry specific sectors at Russian leading banks.