When Web 3.0 meets UTG UltronGlow blockchain, consensus network brings value innovation again2022-05-28
The scenario most easily associated with the use of blockchain technology in the Internet field is the deep integration of edge computing and blockchain. This is because, in the platform management system of the new Internet, edge computing itself has strong distributed management characteristics, while the distributed consistency characteristics of blockchain technology is originally an open distributed management mechanism.
Edge Computing + Blockchain = Democracy of Data and Devices
The traditional Internet space is almost always based on a centralized structure of a single server. All interactions between devices and data upstream and downstream processing need to be uniformly processed by a centralized server. This phenomenon has clearly exposed such pain points as high server maintenance and construction cost, personal data security cannot be guaranteed, chain reaction after disaster, etc. Although the existing Internet has been trying its best to improve these aspects, but due to the limitations of the centralized server cannot be a large-scale reconstruction and system updates.
In this respect, the distributed edge computing network developed by UltronGlow (UltronGlow Blockchain, UTG) can improve the overall performance of almost all computing devices in the Internet.
Taking a group of industrial IoT devices as an example, each node of UltronGlow can act as a “dedicated server” for a certain IoT device to store and process data between different IoT devices in the same scenario; on the other hand, it can also connect devices in a certain area to the whole UTG network for unified and collaborative work. work. This system is more similar to a modular network, i.e., it “supports free collocation”.
The fragmented storage network developed by UTG under the same system can “host” the data to the edge computing servers and ensure the reliability and security of the data with the help of consensus network and Glow consensus mechanism, as well as provide a variety of future development methods such as charging for Internet devices by service type or storage type. It also provides more possibilities for the future development of Internet devices to charge by service type or storage type.
How to ensure network availability and security in UTG network?
In blockchain networks, one of the major challenges brought by decentralized features is how to ensure the authenticity and security of network data, and on top of that, add revenue models and anti-cheating and anti-attack mechanisms.
On this basis, UTG network established Glow consensus mechanism covering the whole ecological development stage. Glow consensus integrates four major consensus included PoS, PoSR, PoTS and PoSV, which play different roles in network bookkeeping, storage service provision, storage network rewards, anti-cheating and anti-attack, etc.
PoS Proof of Stake: responsible for block-out and transaction bookkeeping and block generation recording tasks on the UTG chain, providing PoS function-based rewards for all miners.
PoSR Proof of Storage Resource: providing storage resources to all users to support the UltronGlow blockchain system and PoSR rewards for resource providers.
PoTS Proof of Traded Storage: a reward will be issued for the provider when any storage resource is utilized or used for leasing.
PoSV Proof of Spacetime Verification: verifies the authenticity of any storage service in the UltronGlow network and provides incentives to users who perform the contract normally. Thus, fraud and false services are eliminated, and the stability of the foundation of the UTG network is guaranteed to the maximum.
After four types of consensus mechanisms are brought online, the four parties will be unified as Glow consensus mechanism. It can be envisioned that tens of billions of smart devices work together to support the development of UTG network operation, and the four types of consensus mechanisms have a complete reward and punishment system from basic network bookkeeping to storage resource allocation and reward.
Each point is exchanging data with each other all the time, so that each device can form its own “thinking”, and combined with the stronger privacy, efficiency, and security brought by the Glow consensus system, it will be able to completely realize the “democracy of devices” and create a more freely DAO System, combined with the greater privacy, efficiency, and security of the Glow Consensus mechanism, will enable a “democracy of devices” and create a more efficient digital world.