What is utispace (uzspace means what)
What is utispace According to official news, UBI, a blockchain-based distribute
What is utispace According to official news, UBI, a blockchain-based distributed storage network, is an innovative technology that has gained recognition from numerous developers worldwide. But for most people, UBI is not just an application or project, but a more widely-applicable solution or solution for the general public.
According to the official website introduction, utherispace (Universal Information System) is an open and programmable network platform. Users can securely store their data on the decentralized internet through participation in this platform. It also provides convenient and fast data storage services for various application and project providers, such as games, finance, social, etc. These applications can use UBI as a basic layer service to achieve a decentralized network.
What does uzspace mean
uzspace is a decentralized cryptocurrency designed to solve many problems in the blockchain network. It is a protocol based on zk-SNARKs zero-knowledge proofs, which improves transaction throughput by reducing block size restrictions from 2KB to 1MB. With this system, anyone can create a special network node and validate it.
According to previous reports, in July of this year, a new draft called “Virtual Machine and Distributed Ledger Technology” (VMwareFileSystem) proposed by the State Duma of the Russian Federation (lower house of parliament) was submitted to the National Development and Reform Commission. The aim is to introduce a new digital identity standard to support control over data privacy, security, and integrity. This proposal has received attention from former Google CEO Jeff Bezos and many others. (Cryptopotato)
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