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UNCOIN edited this page Aug 1, 2017 · 1 revision

Promotes Equality and a Trust Economy.

UNCoin (UNC) was created to support the UN NGO organizations and cooperatives. UNCoin is nothing without its global community, and we recognize that. So on behalf of the entire UNCoin Team, we would like to extend our sincerest gratitude to our wonderful global community!

What is UNCoin?

UNCoin (UNC) is a privacy-centric digital currency based on the Bitcoin software. UNCoin is based on an August White Paper which listed the authors as Scott Nadal and Sunny King. Also wallet was developed by Eric Young Cryptsoft help. UNCoin is a new cryptocurrency that will feature a uniquely implemented and decentralized p2p anonymization feature via Proof of Stake protocol extensions. UNCoin is a innovative commons currency that enables international payments for practically zero fees and without reliance on a third party. UNCoin is a function of the presence of a limited amount of the world's common currency demand. The abundance of the "UNC" of 144,000 million pieces Uncoin are being released. UNC's Proof-of-Stake system helps maintain the network and earns you 2% annual POS reward simply by holding coins in your wallet. UNCoin is that you can prevent the use of the law because it complies with the world's financial transactions, such as money laundering and illegal drugs, weapons that were a problem in Bitcoin.

algorithms

The SHA-256 algorithm, originally from UNCoin uses 11 rounds of hashing algorithm to keep things nice and secure.

◾Super secure hashing algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo) POW+POS Decentralized MasterNode Network ◾SHA-256 is a widely used hashing algorithm created by coin core developer Evan Duffield. SHA-256’s chained hashing algorithm approach utilizes a sequence of eleven scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoin’s were originally. ASICs will be much more difficult to make for these algorithms and should take years. ◾With chained hashing, high end CPUs give an average return similar to that of GPUs. An added benefit of the algorithm is that GPUs require approximately 30% less wattage and run 30-50% cooler than they do with SHA-256. ◾Focused mostly on production of coins by POS as POW difficulty will gradually increase. Energy-conservative POS mining algorithm is at the core of UNC.

SECURITY FEATURES

UNCoin combines POS + POW algorithms to process transactions on its blockchain, with an emphasis on POS.

◾For a successful attack on the network, the attacker must accumulate 51% of the computing power, and 51% of M1 aggregate (total coin supply). This task is much more difficult than just to accumulate 51% of the network's computational capacity. ◾The POS mechanism does not require huge computing power to process transactions on the network. This means that greater network security is achieved without a large investment in mining hardware, and makes UNCoin cheaper to maintain and more environmentally friendly than alternatives which rely solely on POW. ◾The POS concept employed by UNCoin does not allow delegation of stake to mining pools or to other persons. This helps to preclude the possibility of abuse of trust by a centralised party and further increases the reliability and stability of the network.

TRUST OF USE

UNCoin is rapidly expanding in functionality and implementing new features:

◾UNCoin is the first fairly distributed crypto currency. ◾Clear all the coins and was fairly distributed around the world. ◾Backed by a strong, diverse and global community. ◾Promotes prosperity and financial freedom with real value. ◾Working to become the coin of Transparent transactions.

Mission and Philosophy

The revolutionary CIoT[cyber internet of things] anticipated in Robert Scoble book "The Age of Context" saw practical implementation of life. In designing the infrastructure used in the virtual community to take advantage of the UNcoin architecture. This motivated us to develop a cryptocurrency adapted for real life applications and packed full of cutting-edge technology.

UNCoin was established with an aim to support a number of Internet Hi-tech projects (Social IOT, Virtual social construction, Satellite fleet, Quantum Data) and also to support and sponsor UN-NGO projects (Anti-war, Human welfare, Low Carbon Environmental, Financial Fusion ).

We believe that the entire population of 7.2 billion have divided evenly. We have purposefully avoided speculative interest in UNCoin since its creation and orient it for real transactions, for savings and accumulation of funds and not to promote a speculative bubble. We believe that all these innovations and our unique mix of applications will make UNCoin attractive for broad practical use. We would like to recommend you consider UNCoin as the payment system for your projects.

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