Development portal to UNIT Coin. A final layer solution for sustainable use of cryptocurrencies.
To date, the fundamental problem underlying the use of Bitcoin and other cryptocurrencies has been the barrier in terms of speed and cost when performing day-to-day transactions.
The Unified Network Foundation seeks to solve these challenges with the development of UNIT as an alternative to this and layer one fiat transactions.
With the advent of Digital Currency, we find ourselves in a new age hailed “The Internet of Money."
With this trust-less, peer-to-peer, ledger-based technology in order to support adoption, it's required that speed and near-no-cost transactions be a prerequisite for the echo system.
We also find ourselves within the era of transactional distancing.
A new alignment is now required in order to achieve economic prosperity and opportunity.
UNIT or the use of "Units" offers to accommodate this need of technological advancement within the framework of our new Global relationship.
Under development to support the Unified Network Token protocol.
Development of an open source Dapp wallet system that will provide the means by which to infuse and extract Cryptocurrency amounts as needed.
Ensuring the ability to transact freely in a trustless, immutable environment.
Beyond Censorship.
Free of Controls,
restrictions,
boarders
and in safety.
UNIT's Node Network protocol using cryptographically secured entries will have the ability to allow for unlimited transaction with only one Mainnet transaction fee. This has the added benefit of significantly reducing the load on all networks and ensures the viability for the echo-system as a whole.
Minted Units can be held, stored and transferred with their infused value intact. In-app verification with instant transfers allow for micro-payment use systems and increased opportunities and adoption.
The UNIT protocols cryptographically secured algorithm eliminates the need for third-party stewardship, custodial governance and oracle-based systems. It circumvents these centralized points of failure and eradicates cross-chain counterparty risk.
Utilizing elliptic-curve cryptography, the Unified Network Token is similar to other cryptocurrencies. The UNIT protocol leverages the Advanced Encryption Standard (AES) along with the TPM (Trusted Platform module), found in all modern systems. With a performant-based variant of the Feistel Network Cipher framework, UNIT is able to excel in its transfer protocol ubiquity, building on the Rijndael algorithm with an expanded 256bit keys schedule. This allows for each Unit not to be "pegged-to" but rather directly contain its value of Bitcoin or other cryptocurrencies through a process of software-based encrypted absorption.
The main feature of UNIT is its ability to absorb a predetermined amount of a cryptocurrency deposited as a cryptographically secured entry within. This creates a both Fungible and Non-Fungible hybrid token. Each Unit's contained amount may be set, at the time of absorption, to a value equal to 1 USD or sub-amount such as Quarter = 0.25, Dime = 0.1, Nickle = 0.05 and-so-forth. Therefore transactions are also made simpler as Units are more easily relatable as a commonly known value standard.
Each new Unit will then contains both Keys of the cryptocurrencies' corresponding value and can be transferred freely and accounted for on the UNIT blockchain. The keys are held, cryptographically secured, within each UNIT verifiable at any point. A holder of any amount of Units is able to convert the held crypto back into its originating ecosystems' wallet whenever they wish. Thus consolidating potentially thousands of transactions into a single ledger entry with only one transaction fee.
If you made it this far then you may have just read your first “White Paper” and are now ready to embark on this brave new journey. Time will tell the story of how a little idea first set out by Satoshi Nakamoto grew into a vast new open-ended world of possibilities for those ready to embark.
Best Wishes and Good fortune!
- UNIT Founders
Looking forward we invite Backers, Supporters and Early Adopters to participate in the development of the UNIT protocol. This process starts with Initial seed round Tokenization to raise funding for the Unified Network Token Foundations.
Q2 2020
Release of the Unified Network Token White Paper and corresponding implementation proposal website (this), along with the Legacy Adoption ERC-20 Tokenization version of UNIT on the Ethereum Network.
Q3 2020
Open up Portal to Developers, promoters and expand the intellective framework of the UNIT protocol.
Q4 2020
Continued development and exhaustive vetting phase along with audit procedures..
Q1 2021
Early 2022 launch of mainnet. Primary Bitcoin infusion set to integrate with applied use cases within established payment channels including DeFi applications.
Further development proposals implemented.
Primary Country of administrative operations.
In view of a favorable Federal response to the development of blockchain technology while adopting the same rules and policies of the united G-20.
Please abide by the rules and regulations set out by the local governing authority in your region.
Qualified Blockchain Developers,
Industry Promoters,
and all-round Disruptors.
Contact us with a brief Bio:
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Future development proposals to come including but not limited to:
