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AMA IDcrypto X UniWorld.io Ecosystem ReCap

AMA Theme : All About UniWorld.io

Event Date: August 15, 2020 Organized By ID Crypto Official

Speaker : Mr.Joey Bertschler – CMO UniWorld.io & Mr.Henry – UniWorld Team

Session 1: Project introduction

ID Crypto : Before we start the first session. I want to ask your background. Please share your experience in the blockchain industry, and how did you join Uniworld?

Mr.Joey Bertschler

I work with various blockchain and AI companies such as bitgrit.net since 2017. A lot of my work revolves around automisation and streamlining manufacturing processes.

Forbes put it this way:

Joey Bertschler is a multi-corporate tech executive and contributor to various outlets such as Forbes and Hacker Noon. CEO of Cool Japan Holdings — the environmental enterprise aiming to make Japan Co2 neutral by 2030 — and the VP of the Security Token Alliance, the industry’s largest think tank with over 100 partners. He is also a public speaker and a member of the European AI Alliance, Harvard Business Review, YEC and MIT Technology Review.

He started his entrepreneurial journey as a teenager by managing a media outlet and an internet provider company before specializing in Content Marketing and Blockchain. He visited over 20 countries building a truly cosmopolitan mindset.

ID Crypto : Okay let’s to talk with Mr. Henry

Mr.Henry :

My background is all about technology. I was working in AI for many years before started switching to Blockchain in the year of 2013.
I’ve build many blockchain platforms and solutions including project for Singapore government.

  1. Can you explain to us, what is Uniworld
Mr.Joey Bertschler

UniWorld started quite a while ago during the early Ethereum days. We wanted to solve the scalability, interoperability and regulatory issues with e.g. the ERC20 protocol and Blockchains in general. Because we didn’t want to raise any money before we had an actual product, we skipped the 2017 ICO wave and focused on R&D using the revenue we make from our bot solutions. Now we are at the mainnet stage and our products, though rough, are ready for the users.

In other words

We (UniWorld.io) are an ecosystem based tech syndicate. In other words, we offer many different products and services ranging from chat bots to our blockchain platform (here is a link {hyperlink “link” to a list of all Uni services}). You can also outsource your tasks to our vetted team! We don’t waste your time with whitepapers and empty emails – we go straight for a prototype/MVP, because we want you to judge and value us based on our performance and quality.

While other BC projects are normally focused on one specific application (which they don’t really serve either), Uni takes a truly cosmopolitan approach. We have offices and employees all over the world all of which work remotely and are constantly tested for their skills – no slackers allowed!

We have the experience and capability to launch many products simoultaneously also thanks to our valuable long-term partnerships with software and design veterans. From blockchain to UX, Solidity to C+: we got you covered.

The world is big, but true innovation requires a bold approach.
Fun fact: it took over 3800 years for anyone to build something larger than the pyramids and electric cars have been around since the 1800s! No more stagnation, it’s time to embrace technology!

That is the way of Uni. {hyperlink Uni with the list mentioned above}

  1. what is the name of the token from Uniworld? how much profit can we get when we become holders of these tokens?

Mr Henry :

UniWorld has many products, UniChain is of of theme. UniChain has native token called UNW. Beside that, everyone can create their own token on UniChain network, just like ERC-20 token on ETH but wit very simple steps.
Everyone join network, hold the token or become witness nodes can earn profit.

This is article explain benefit when become a witness node https://medium.com/uniworld-io/unichain-witness-node-benefits-853c4ad12ed0

  1. where can I buy Uniworld tokens? and is it ready to be traded?
Mr.Joey Bertschler

With BNB here: accounts.uniworld.io
UNW will list on chainx.kr this September (Korean exchange) and many more soon

Mr.Henry :

We only have a small private sale at the moments. If you are interested, please send us a message. We are also working with some exchanges for the IEO, please follow our Telegram channel for the update.

  1. What things is Uniworld trying to solve to make it easier for Crypto users?
Mr.Joey Bertschler

UniChain is what you can call a multi-chain. It can get quite technical quite quickly from here on out, so if anyone wants to look under the hook, please contact us anywhere and we will happily go through the codes, bits and bytes with you 😉

In simpler terms: The Chain combines DPoS and HotStuff to reach a low trade-off high scalable performance with the virtually lowest transaction fees possible.

Here is a little overview on the chains stats:

Cryptography algorithms: SHA256, SHA512, Keccak256, Keccak512, Elliptic Curve Digital Signature (EDCA).

Private keys on UniChain: 256 bit long (64 hex characters) and start with the letter U

Consensus algorithms: DPoS-Hotstuff

Active witness nodes: 33, alternative witness nodes: 22 (55 in total)

Total UNW supply (fixed): 1.000.000.000 (In words: one billion)

Block time: 1 – 3 seconds

Smart contract language: Solidity (compatible with Ethereum)

Inflation rate < 1% per year (may be zero or go negative, depending on transactions in the network).

Here are some good links explaining the individual parts. We put our graphics, code, algorithms and so forth into our White papers for anyone interested in the details.

What is DPoS – Binance Academy (3min)
https://www.youtube.com/watch?v=OVKAOwzAwHI

HotStuff – Cornell University (Paper)
https://arxiv.org/abs/1803.05069

Blockchain Investor Guide – Investopedia

More Uni Contacts:
[email protected]
[email protected]
[email protected]
[email protected]

Uni Links:
Account Website
Bitcointalk
GitHub
Project overview
Technical whitepaper
Telegram group
Telegram channel
Twitter
YouTube
Facebook
Linkedin

To elaborate a bit more

One of the major issues e.g. CryptoKitties had was scalability. This is quite a beaten horse as a topic by now, but it remains a core issue. Many chains solve scalability only at the expense of sacrificing a certain degree of decentralization or security. Uni can realistically perform to the degree necessary for sophisticated dApps + developers that have been working on Ethereum and ran into a barrier can work with UniChain. They can continue on in Solidity too. Same with other Blockchaind evelopers. This is why Unichain focuses so much on interoperability and high scalability. A million transactions per seconds is no easy feat.

Uni is in a nutshell a very scalable Blockchains. 1M TPS means it can actually meet the demands of sophisticated dApps and many BC use cases prior only possible in theory. Uni often mentions “For Block of society” which is in a way code and stands for our Society 5.0 initiative. Here is a Link on what that is:
https://www.youtube.com/watch?v=SYrv6kOsU1o.

Ethereum was simply not fast enough for anything Uni wanted to make possible, so the R&D team of Uni built one from scratch.

A good example is the still in use ERC20 protocol. It’s simply not complex enough to support compliant transactions so it’s unsuitable for complying with the SEC’s regulations yet many projects issue tokens based on this protocoll in hopes a simple KYC process will sufficient.

The canadian project Kik for example, despite owning several licenses and running different tech, was fined for $100 million by the SEC.

ERC1440 works in terms of complexity (though with some minor compromises), but runs into quite a handful of other issues even though the smart contract would be able to be compliant with every law it needs to be, it wouldn’t work in practice for performance reasons.

Uni solves these issues with it’s DPoS + HotStuff approach.

Mr.Henry :

UniWorld create many tools to solve the technical complexity problem so that any normal user can use it. For example, the grandmother can uses UniTool to create a token on UniChain network 🙂

This is last Question from this Session

  1. Could you please tell us how far the road map is currently developing? and what things will be realized this year and in the years to come?
Mr.Joey Bertschler

For this quarter, Uni will list on exchanges, and release major updates for all of it’s services (see links above in 4.).
For Q4-Q3 21 Uni plans to start interoperability operations on a grand scale.

UniChain.World will become a major development platform where both dAPP enthusiasts and no-coders can build amazing applications. Crypto will be sendable anywhere for virtually no fees and to top it off we still give away free 0,5 UNW to each new wallet so people can test the amazing speed and reliability.

We are also releasing our most-secure-messenger-app-worldwide UniMe for iOS soon (Android already available), UniTools – a way to easily create chatbots as no-coder too and much more this quarter

You can find more details on our last AMA here:
https://uniworld.io/2020/08/07/uniworld-io-x-cryptonationin-ama-recap

Or as mentioned check out the links in 4.

Session 2: Questions From Website & Twitter

Q1 : From @RoZerius

Can you explain about 4th Generation Blockchain For Smart Society 5.0? What makes this generation is better than previous generation?

What kind of blockchain is UniChain? And, how will UniChain solve major blockchain problems such as lack of scalability and security, lack of standardization: limited interoperability and Integration with legacy systems?

Mr.Joey Bertschler

Smart Society 1.0 (2.0,3.0…) refers to the stages of society. 1.0 was hunter gatherer

UniChain is a DPoS + HotStuff baised platform. It’s like a mix of Ethereum and BCH but way faster It solves the scalability/security issues with it’s hybrid solution (DPoS +HotStuff as mentioned thrice before)

Standardization happens through interoperability. Instead of forcing one standards, virtually every protocol works Like an adaptor

Q2. From @Adella33

Can you talk about the biggest achievement so far and the great things you are building now?

Mr.Henry :

  • We have released the UniChain mainnet with most of the feature in the whitepaper done.
  • We have build the ecosystem with many products to prove our vision and ability
  • We are working with exchanges and our coin will be listed in the next quarter

this quarter

another thing is that our solution of Defi is ready in real life

  • UniMe, a secured chat app with AI and blockchain integration is also available

Q3. From @Dermawanpilot

How does UniWorld think about the importance of the user community?
In the near future, does UniWorld have any special ideas/plans to attract & expand the community?

Mr.Joey Bertschler

Very important, but we also know to first focus on the right demogrpahics. Attracting ‘no coiners’ is currently not our primary objective, but as was seen with e.g. CryptoKitties, it takes but one app to make waves and Uni offers the scalability for them to actually run. Most applications mainstream success will highly depend on how easy they are to use. Users might not even notice they are running a dApp or that they are paying with crypto if it’s simple enough. Think in-game currency, point cards and buying gift cards from stores all of which are not based on FIAT either (tho those are minor every day examples not comparable with the enterprise solutions we aim for).

Our main goal is to build a community that enjoy’s Uni products simply because they solve problems. Because they are useful. For example 2 of our core products, namely UniMe and UniBot. UniMe is a highly sophisticated messenger with additional functions. (You can create your own chat bots, integrate your crypto wallets and the live deletion of your background data enables privacy unseen in virtually any other apps). UniBot is our Chat bot solution. Similar to GPT-3 we use huge amounts of data to train the modules they run on, but the data we select, though its a lot, is edited and filtered beforehand to create custom solutions for our enterprise partners.

There are also simpler bots for users to use for fun or as individual. They can be upgraded, changed, embedded and so forth depending on what the user wants.

This project won’t make a huge and sudden impact like the iphone did back in the day. Our approach is more that of a 7-eleven. We want to increase utility, offer more products and services and refine those and suddenly Uni is everywhere before you realize it.

We derive our value from our products and not an expectation of a high-value exit. It’s the same philosophy Roger Ver applies in his quest to improve BCH (as opposed to BTC maximalism).I was hoping the users that ask these questions could join the chat for a conversation. If anyone has any questions at any time, please don’t hesitate to send us a message. Be it on the Bitcoin forum, via one of our emails, on LinkedIn or elsewhere. We will always get back to you.

The same applies to expansion politics – we will slowly but steadily grow through usability rather than pure promotion.

For example, picking up scalability issues again: any BC community can’t truly grow if there are such major roadblocks. It’s just too cryptic and not useful enough for true growth. One of the major issues e.g. CryptoKitties had was scalability too. This is quite a beaten horse as a topic by now, but it remains a core issue. Many chains solve scalability only at the expense of sacrificing a certain degree of decentralization or security. Uni can realistically perform to the degree necessary for sophisticated dApps + developers that have been working on Ethereum and ran into a barrier can work with UniChain. They can continue on in Solidity too. Same with other Blockchaind evelopers. This is why Unichain focuses so much on interoperability and high scalability. A million transactions per seconds is no easy feat.

I’m sure @henry_ngv would love to fill you in on all the technicalities of our technologies, they are quite exciting! Feel free to ask away both here and by reaching out to us on any of our outlets 🙂 We always respond fast!

I’ll give the word to my collgues with a remark

If you are interested, please consider making an account on: https://accounts.uniworld.io/ (It’s free + you get 0,5 UNW for free!)

Account Website
Bitcointalk
GitHub
Project overview
Technical whitepaper
Telegram group
Telegram channel
Twitter
YouTube
Facebook
Linkedin

Q4. From @pra669

Are there any other use cases where UniChain technology can be used,
apart from AI chat bots, Digital Indentify, Real Estate, P2P Lending, Insurance, Supply Chain? can be explained along with examples and handling using UniChain technology.

Mr.Henry :

It will be a long explanation to each use case. But in general, UniChain is blockchain platform which has ability to process a huge of transactions. Users can write smart contract with from any type of applications.
We also have smart contract template of Defi solution, Real estate, supply chain … and also building a Dapp store so that developers can upload their dapp/smart contract and others can buy It.

Mr.Joey Bertschler

(You just described almost every industry aside from the medical industry, where Uni could be applied as well)

Q5. from @Otoy90

i’m from Indonesia Is Indonesia one of the UniWorld development and marketing target countries? What will you do to get the support of many parties in Indonesia or other countries, including blockchain actors and investors?

Most investor just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors to $UNW long term?

Mr.Joey Bertschler

Uni operates literally globally safe for jurisdictions that currently ban or restrict crypto in which Uni operates to the degree its allowed to only.

Regarding industries/the current situation I would like to describe that in 4 pillars

First off, the industry is fragmented and uncertain, causing projects to under-raise, projects to be non-compliant, and regulatory confusion.

There are no agreed upon frameworks, few true security tokens, and virtually no liquidity. The industry doesn’t have a playbook. This is changing faster and faster now. Regulators are catching up.

Unifying A Fragmented Industry

Uni brings together diverse organizations working in the Blockchain industry, creating an ecosystem to bring tokenized securities to mass adoption faster and with higher quality than could be done by entities acting in relative isolation.

Member Selection

We welcome the participation of those projects that are sincere in their aim and goal to democratize finance. Projects are selected on various criteria, including team, progress, brand image, community size (if applicable), funding, and so on.

Global Organization

Uni is based in Tokyo, but has an even distribution of members around the world, with over a dozen members each in the US, Europe, and Asia, as well as members in Canada, Africa, and Oceania.

Realizing A $10T Industry

Blockchain, even with the hype gone, is still a potentially a $10 trillion industry. We are still in the nascence of this movement, due to a lack of clarity among stakeholders, including lawyers, compliance officers, advisors, and even developers. We need collaboration and integration to move forward.

We convince investors in quite the simple way: Here are our bots (we show them an example) here are our numbers (we openly show those, very transparent approach) and then they invest if they want to invest in the tech space.

We had quite a few offers over the years, but we didn’t want to give up any equity and also finish our products first. At least to a degree where, even if it’s a bit rough, everything runs.

Our initiative right now is really more of a stress test phase.

This project won’t make a huge and sudden impact like the iphone did back in the day. Our approach is more that of a 7-eleven. We want to increase utility, offer more products and services and refine those and suddenly Uni is everywhere before you realize it.

We derive our value from our products and not an expectation of a high-value exit. It’s the same philosophy Roger Ver applies in his quest to improve BCH (as opposed to BTC maximalism).I was hoping the users that ask these questions could join the chat for a conversation. If anyone has any questions at any time, please don’t hesitate to send us a message. Be it on the Bitcoin forum, via one of our emails, on LinkedIn or elsewhere. We will always get back to you.

As investor, you may want to buy in early as an early adopter, use UNW for one of your businesses (UniBots) or even just keep an eye on the project if you are unsure at the moment – it won’t take long for more and more applications to pop up now that we are going live and you can judge based on how well everything performes.

Q6. From @SonerRobertson

One of the biggest problems with DApps is the inactive and useless state. People only create DApps but it has no use case or contribution to the blockchain ecosystem. To prevent and solve this problem that can occur on the UniWorld platform, what will your team do?

I’m aware that the presale of UniCash (UNW) which is the native currency of the http://UniWorld.io ecosystem is around the corner. Can you explain more about it? What will the total supply, hardcap, average price and method of payment be?

Mr.Joey Bertschler

 I somewhat answered this question above unintentionally. You can put any price tag on a token and it’s essentially meaningless. Either all of the tokens are immediately sold or there is no liquidity and the tokens stay in place in the case of broken projects – this is probably what this question refers to.

UNW can be used
as a secure, low-fee transaction method (dust-level)
to run bots
to build on UniChain
to stake

but also further down the line to e.g. buy physical products, play in online casinos, tip people, to hedge with other cryptos and much more. The main reasons for this are:

The interoperability of our chain and bots means they can both be easily utilized by other projects and we can easily work with other projects ourselves.

Also for the reasons stated in 1. we chose Solidity as coding language. Ethereum has a vast community of dAPP devs and devs in general that will find it attractive to use their skills on more platforms. In more general terms there are use cases across supply chains, health care, real estate and so forth – all of which Uni is working on.

Note: Since Uni is far more scalable, anything build on top of this platform actually operates accordingly. It’s in a broader sense a tech stack – very useful for developing anything that can actually be used + it’s easy

Mr.Henry :

Our platform follows the decentralized and transparent principle. Everyone can create Dapp and deploy on UniChain network. It’s opened, We can not block any user or Dapp. However, to prevent the Dapp abandon, We encourage people by creating a great ecosystem so that everyone may use that application oftenly. We may also consider the Dapp fee to restrict the spammer or useless Dapp.

Q7. From @Airdropvinh

How many Fintech companies are there in the crypto market that can rival UniWorld? Are there any projects you see as competitors in the market? And how will u beat them in future? What is the unique things that only your project have?
There we see many projects that claims they are fully Decentralized. But they done their work in a Centralized way. How can we sure that UniWorld is fully Decentralized? Can you please tell us what’s UniWorld working method?

Mr.Joey Bertschler

On paper, many. Ethereum 2.0, BCH, minor projects, all of them. The difference lies in them just being mostly concept rather than actually running ware, often not even buggy MVPs.

Uni’s scalability (1 million transactions per second) is unseen. If any competitor can reach this speed, we would honestly be surprised. What holds Uni back is simply the complete lack of marketing experience, not the technology itself.

UniWorld has a fully autonomous voting system. Even the CEO is voted for by the nodes and changes all the time, much like a presidency.

All of this is explained in detail in our whitepaper. Perhaps you want to explain the voting and decentralization methods here @henry_ngv

Mr.Henry :

The UniChain consensus algorithm is DPOS-Hotstuff. The witness nodes in the network will be the one who validate transaction and create the blocks. Witness node will be voted by community by their voting power which is correspond to the UNW coin they have.

So the community is the actual owner of the UniChain network

Q8. From @endtimeprophet

Explain more about Unichain Blockchain, how does it solve the problem of scalability, security and interoperability? Why do you need your own blockchain instead of building on existing chains?

Using DPOS and HotStuff Consensus, what exactly advantage does this add to the Unichain Blockchain, how friendly for developers ?

Mr.Henry :

UniChain solves the scalability problem by using DPOS-Hotstuff consensus algorithm and Multi-chain architecture.
The DPOS-Hotstuff makes the network faster than any previous consensus algorithm (PoW, DPOS …) It reduces the communication complexity and also makes block/transaction finalized every block. Multi-Chain offloads the main chain processing, Transactions can be processed in individual side chains, only state and proof of transaction store on the mainchain. The core blockchain is quite complicated but We have make It easy for developers by creating the library/SDK (for example unichain-js) and many project examples. The development portal will be available in the end of this month too.

Last Question from this Session

Q9 : from @jacksonmartixc

I am a person who likes to generate money through my mobile phone and in the comfort of my home. How many with a mobile tool to generate income? Do you have any financial application for users like me?

Mr.Joey Bertschler

As said in our last AMA here:
https://uniworld.io/2020/08/07/uniworld-io-x-cryptonationin-ama-recap/

“Staking could be an option. You could technically build and sell chat bots made on the UniBot platform with your mobile phone, but this would be vastly more tedious than simply using a computer.Similar to how you could write articles on Medium on your phone, but typing this way would take a long time.”

Session 3: Questions From Community

Q1 : from @Ketz23

DeFi is one of the hottest topic in the blockchain space right now. Can $UNW share your opinions on DeFi with us?
Do you think that DeFi will disrupt the existing financial system?

Mr.Henry :

We have describe some use cases and how It work here:
https://medium.com/uniworld-io/unichain-for-decentralized-finance-dc016ca50937

Q2 : from @dermawanfariz

I was reading about some of the functions of your UniME app and I realized that it is very similar to Telegram .

chats, bot, audio, video what are some of the additional functions of this app compared to Telegram ?

Mr.Joey Bertschler

It’s like Telegram 2.0

More secure, + more advanced chat bots + sleak crypto wallet + and most crucially: data isn’t ever stored but remains in-between. It’s a bit complicated (please ask @henry_ngv for the technicalities) but in terms of privacy it’s a new level

Q3 : from @LeHai04

I’m a white hat hacker in internet, do you think your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system?

Mr.Joey Bertschler

Yes and one of the reasons we are now raising funds. With money on the platform instead of secure bank accounts (self funded project up until now) we are indirectly inviting hackers and scammers to try us too.

It’s a stress test and trial so to speak. That being said, we secure everything thrive and have many measures in place to counteract any possible damage

Q4 : from @yusuf113

What is your long-term vision about the industry which #uni world working on? Are you afraid some day there will be another project with more innovative technology can replace #Uni world? Because we can see many crypto projects related with this concept recently.

Mr.Joey Bertschler

There is not a single one that can reach this speed (1 million tps) in actuality. Only on paper. If a rival manages to do that it would likely start a bidding war and should we lose this, we would focus on our other services like our AI chat bots

Q5 : from @ayamuntas

Mr.Henry :

We have developer teams come from all over the world (Canada, Japan, Singapore, US, Vietnam), Some of them have many experience in building scalable blockchain platforms. Please follow us on Github to see the projects We are working on.

Q6 : from @BBQBangBang

Is making Tokens on UNICHAIN ​​free? What are the advantages of making tokens on UNICHAIN ​​compared to other platforms such as ETH, BNB, TRON, Etc?

Mr.Joey Bertschler

No. It’s never free, nowhere. You always pay with electricity, screentime, time in general, your personal information.
Few projects are truly free. Even Wikipedia barely passes the definition.

The advantage lies in the real world adoption. You can buy stuff with UNW. You can trade it. There is software around it and the technological capabilities are more modern and advanced.

Uni’s only big weakness is the lack of native English speakers 😉

That being said, the cap of UNW is fixed. No new UNW will be minted, it stays the same

Session 4: Quiz about Uniworld.io

  1. Which crypto/Blockchain/dAPP (name of the service/for what) are you currently using (if any) or have used in the past?
  2. Can you name the UniWorld products?
  3. What is the most problem of PoW consensus algorithm (in BTC, ETH …) that UniChain want to solve?
  4. Why UniChain is very suitable for Defi application?
  5. Ok, the last one What is the name of the smallest unit of UNW 🙂 ?

correct and fastest answer

  1. Uniswap to buy some Defi token, binance exchange to trade and margin ^^, trust wallet to hold token @MsKiwi206
  2. Uni Platforms Services, UniChain Platform, UniBot Platform, Uni Applications Services, UniMe Hub, UniBot Offline, Hybrid Marketing Solutions, MIA Communities, Aiomo (comming soon) @Pannicota
  3. which consumes huge amounts of electric energy to secure a ledger @uamos
  4. The capacity of processing up to million transactions per second by leveraging the side chain architectures and the flexible smart contract system, UniChain is suitable for any Defi solutions from payment platform to peer-to-peer lending network! @zeinnawawyalatrush
  5. Ginza @bigbos14

Follow UniWorld Social Media

Account Website | Bitcointalk | GitHub |Project overview | Technical whitepaper

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Telegram channel
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YouTube
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Source:

AMA IDcrypto X UniWorld

UniWorld.io AMA Recap

 

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UniLab Singapore

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