BitMart, a premier global digital asset trading platform, will list ULTRONGLOW（UTG）on May 23, 2022. For all BitMart users, the UTG/USDT trading pair will be officially available for trading at 05:00 AM EDT.
What is UltronGlow?
UltronGlow is a decentralized open source public blockchain platform. UTG is the native governance token of UltronGlow. The goal of UltronGlow is edge computing and fragmented storage with web3 technology. UltronGlow’s consensus mechanism is GLOW and is combined with four major consensus mechanisms Proof-of-Stake, Proof-of-Storage Resource, Proof-of-Traded Storage and Proof-of-Spacetime Verification to maintain the smooth operation of the entire UltronGlow blockchain network. UltronGlow is different from other public blockchains because it has a large number of edge server nodes, storage resources and edge computing capabilities around the world as the base structure of the network. Anyone who wants to host any apps, DApps, games, and other programs can use UltronGlow’s blockchain network and infrastructure for services.The UltronGlow program was originally developed by Base, and then transferred to a non-profit organization, Ada Byron Foundation to supervise the development of the UltronGlow ecosystem. The development project is divided into four stages: Origin, Ultraspace, Meta, Edge.
The vision of UltronGlow
The ultimate vision of the UltronGlow network is to achieve community autonomy, and all participants can freely enter and exit, pay and harvest under the premise of following the project agreement. With the growth of the network, the UltronGlow network will realize the integration of the real world and the virtual world, and finally complete the construction of the Metaverse infrastructure and application-supported platform.
Casting of tokens
The casting methods of UTG’s token is very different from the current blockchain. The traditional blockchain token casting is gradually reduced over time by ways of block rewards. In UltronGlow, their goal is to get real-world services up on the blockchain and to complete the value conversion. Therefore, the block reward is only one of the methods to cast UTG, and more important methods are casting based on consensus of PoSR, PoTS, PoSV which let the actual service be converted into a digital asset on the blockchain: UTG by ways of storage resources and effective storage. Therefore, different consensus also determines the corresponding casting methods and quantity.
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UltronGlow adopts parent blockchain and side blockchain structure. The parent blockchain mainly deals with asset transactions and has higher security requirements, while the side blockchain mainly deals with data (use of effective storage resources), which has higher real-time performance. The structure of separation of parent blockchain and side blockchain can effectively improve the performance, security and decentralization of the entire network.
UltronGlow’s parent blockchain and side blockchain operate synchronously. The effective storage resources will be submitted to the side blockchain to complete the business activities and reward transactions on the parent blockchain. Through effective storage resources from the blockchain, the processing speed and performance are improved to meet the large concurrency and high-performance requirements of real business. The parent blockchain ensures all transactions cannot be tampered with, which meets the reliability of real business activities on the blockchain. To learn more about UltronGlows, please visit their Website, follow their Twitter and join their Telegram
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