What is UKRCHAIN?
UKRCHAIN is a decentralized network of independent societies connected by block chains. UKR Chain has connected many Europe banks, securities companies, insurance companies, hospitals, universities, e-commerce and so on. In this way, distributed application (DAPP) services such as block chain ID, payment and transaction can also be used across domains.
Fast and Interactive
20,000X reduction on
Zero transaction fee for off-chain
Solve liquidity, availability
and connectivity challenges
Hyperconnect the World
The UKR Project began with the goal to enrich our everyday lives through “connection”. The history of mankind’s technological innovation is related to our history of connection. The creation of postal service made it possible to connect each other’s thoughts without having to physically meet each other. Telephones made it possible to connect each other in real-time regardless of the distance, and wireless communication added freedom of mobility.
With the advent of the Internet, real-time connection to everything, not just people, has become possible anywhere in the world. Despite these breakthrough, today’s level of connection is still not perfect. With the UKR Project, we are now moving closer to a more seamless connection.
Frequently Asked Questions
LFT, an improved algorithm from PBFT of BFT series, has reduced the overhead problems using Piggybacking techniques and has resolved the problems of malicious nodes sabotaging the consensus through Spinning techniques.
The former consensus algorithm including the PoW and PoS required all nodes to reach a consensus by deciding the validity and priority of the blocks. These methods limited the performance and scalability while demanding compensation for miners. Through resolving the problems of former algorithms, LFT is an enhanced algorithm with no chance of disturbance by malicious nodes and reduced communication errors.
At the moment, the development and distribution of SCORE is open exclusively to the certified partners of UKRCHAIN. Therefore, anyone who signed an official contract with the UKRCHAIN Foundation is eligible to participate in developing SCORE. Smart contract platform for general users called SCORE Lite™ is currently being developed and we will soon be providing a roadmap for this project.
Our white paper describes in detail the scope of our project, technical design, and encryption economics.