uPlexa aims to utilize a portion of the 18+ Billion current IoT devices to power its network. There will be over 20 Billion IoT devices deployed in the world by 2020. Source: ZDNet
At the core of uPlexa, is the functionality to mine blocks via IoT devices in order to power the network and process transactions. uPlexa utilizes a modified version of the cryptonote algorithm in order to make IoT mining profitable whilst keeping out ASIC technology to avoid centralized mining.
Imagine, if every smart appliance in your household could pay for a partial amount of the electricity to run said devices by only tapping into a percentage of your unused resources? This means a lot in developing countries, especially in Southeast Asia where the devices are cheap(er) to obtain, but expensive to run.
It is not rare for an individual to spend upto 20% of their income on electricity in parts of Asia.
Our vision is to create multiple platforms around uPlexa to compliment its swift, private, untraceable and fungable objectives. Our first platform will be focused on eCommerce ($22+ Trillion industry)
Users with uPlexa in their wallets will obviously want some type of utility. Thus, other than its amazingly secure & anonymous IoT features, we will be building & integrating an anonymous ecommerce platform around uPlexa.
Our team comes from a background in the eCommerce industry who have personally taken time to understand the positives and negatives of multiple eCommerce platforms in existance. Our goal will be to make a customizable eCommerce experience that not only supports cryptocurrencies and uPlexa in general, but one that is free to run until your store is profitable.
uPlexa will have an off-chain model labeled "NGZM" (Near-Zero Congestion Model) in-which provides an API to businesses and webmasters in order to process off-chain transactions via users credited uPlexa coins.
Another one of many uPlexa goals, is to establish partnerships with IT service providers in order to anonymize service payments via uPlexa.
The idea behind anonymous service payments, is that your service provider cannot specifically sell your data to other companies or governments without knowing who you are, or at least who is paying for and/or accessing your account. This helps reduce the risk of impact by government spy programs and hackers, benefiting your OpSec.
Utilizing uPlexa to pay for your your phone, internet or other IT service bills, will be a step in the correct direction of preserving your privacy rights as an individual.
A strong focus on making mining profitable for over 8.4 Billion IoT devices, allowing uPlexa to become the most decentralized currency available
uPlexa brings extreme privacy via modified cryptonight algorithm. All transactions are private & untraceable.
PRISM was one of many government developed spy programs to spy on all innocent citizens. One of our many goals is to provide anonymous payment services to users to pay their phone bills and other IoT services.
Pay for services or products, or obtain credits by utilizing your IoT power.
Piecing the congestion puzzle of on and off-chain technologies
Brisk transactions with near zero network congestion by using uPlexas Near-Zero Congestion Model (NZGM). Lightweight blockchain, with two minute block times.
Each transaction is secured with vigorous cryptography and distributed through a global p2p consensus network. Our team spends more time auditing our code for vulnerabilities than we do building the code itself.
Our beta mine has concluded, resulting in the highly-effective uPlexa blockchain. You may view our repositories on github.comGithub
cryptonight-upx IoT based algorithm
GUI wallets for
Mac, Win, Linux
Web wallet Launch
for PoS/PoW split starts
Standalone libraries for
NodeJS, PHP, Python
Plugins for Wordpress,
IoT Based Algo
IoT Mining Contest
5.8M Trading Competition
Cryptography Challenge (1M UPX)
Steadfast Storm goes Testnet (Utility Nodes)
Halvening & TX Fee Reduction
iOS Wallet Release
iOS Miner Release
Steadfast Storm goes Live on Mainnet (production)
Post-Quantum algorithm R&D begins
dVPN (Decentralized VPN) Apps Launch for Desktop Devices
eCommerce Platform Launches in Beta
dVPN Apps Launch for iOS & Android
Launch of PlexaPay
uBlitz Goes Live (Near-instant private transactions)
Possible PoW upgrade/shift
PlexaNet API Release
Implementation of Post-Quantum Algorithm
Mine uPlexa coins on your CPU. Windows, Linux, or Mac!