U2U Network price

U2U

#3438

The U2U Network founding team is composed of experienced professionals in blockchain, technology, and business development.

Co-Founder and CEO Luu Tran, an early contributor to many open-source projects, He had over 13 years of experience building infrastructure, he also used to work at global tech giants Google and Saleforce. As the former CTO of KardiaChain, a groundbreaking Layer 1 blockchain, Lew spearheaded innovations such as dual master node technology and decentralized finance products.

Co-Founder and Co-CEO Trang Phung was the former CEO of Bvnex.com, Vietnam’s first fiat-to-crypto exchange. She was appointed as Co-CEO in August 2024.

Co-Founder and COO Tran Anh, former CEO of Timebit OTC which is Vietnam's largest OTC crypto marketplace. He was also the Co-Founder and Head of Research at MaxxCapital. Outside of the founding team, core contributors include Jennie Nz as Chief of Staff, Ryan Bui as Head of Ecosystem, Astrid Dang as Chief Business Officer, Minh Pham as Marketing Manager, and Thuc Bui as Head of Research.

Advanced Technology Integration U2U Network leverages a combination of Directed Acyclic Graph (DAG) algorithms and the Helios Consensus protocol, delivering unparalleled scalability, security, and interoperability. These technologies enable the network to achieve: 17,000 TPS per shard (73,000 TPS in an ideal testing environment) Transaction finality time (under 650 milliseconds)

Modular Subnet Architecture U2U Subnets provide a tailored solution for diverse industry needs, allowing enterprises to build customized, independent sub-networks with: Scalability and Reliability: Subnets can handle large transaction volumes and continue operating even if the U2U Mainnet experiences downtime.

Security and Efficiency: Features like on-subnet transaction verification and the Trusted Execution Environment (TEE) reduce risks and ensure localized consensus.

Unlimited Subnet Creation: Developers have the freedom to create an unlimited number of Subnets, fostering innovation and accommodating various use cases, from IoT to cloud storage.

Focus on Real-World Applications and the DePIN Ecosystem U2U Network is heavily invested in advancing the DePIN (Decentralized Physical Infrastructure Networks) ecosystem, making it an attractive platform for industries like IoT, healthcare, logistics, and cloud storage.

U2DPN: A decentralized VPN service built on the DPN Subnet, utilizing unused internet bandwidth for a more resilient and secure alternative to traditional VPNs. It has already achieved: 1,500+ active users 113,000+ sessions served 69,000+ GB of bandwidth shared

Strategic Partnerships: U2U has formed collaborations with over 13 projects and engaged with more than 300 potential partners, expanding its ecosystem and industry impact.

The U2U Network combines Directed Acyclic Graph (DAG) algorithms with the Inter-ledger Protocol (ILP) to create a platform for decentralized application development. It aims to deliver scalability, security, and interoperability. The platform integrates advanced technologies like the DAG algorithm for high throughput and low latency, and ILP for interoperability with other blockchain networks and traditional financial systems. Additionally, the U2U Network supports EVM-compatible smart contracts and tokenization.

Helios Consensus: The Helios Consensus is at the core of U2U's blockchain infrastructure, designed to provide scalability, security, and efficient consensus. Built on DAG technology, Helios addresses the scalability limitations of traditional blockchains. It leverages Asynchronous Byzantine Fault Tolerance (aBFT) and Delegated Proof of Stake (DPoS) to achieve efficient and secure consensus among network participants. The aBFT provides security against malicious actors, while DPoS elects trusted validators to improve transaction speed and scalability.

To enhance scalability, U2U employs consensus-based sharding, which divides validators into clusters to improve transactions’ validation process. Security is reinforced by combining dPOS, aBFT, and TEE (Trusted Execution Environment), providing a multi-layered protection system as it scales to accommodate various DePIN applications.

Its unique architecture, combining Directed Acyclic Graph (DAG) technology with the Helios Consensus protocol, allows the network to achieve 17,000 TPS per shard (73,000 TPS with ideally testing environment) with a transaction finality time under 650 milliseconds. Additionally, its modular subnet design enables enterprises to create customized decentralized, non-invasive applications without compromising security and scalability.

Subnets: U2U Subnet is a set of peer-to-peer cryptography computers. It inherits the consensus and security layers of U2U Network . Subnet utilizes the U2VM, which is a high-speed graph reduction virtual machine designed to perform Subnet DApps (Subnet Decentralized Applications). The U2VM compiles code written in various languages such as Python, Go, Rust, and TypeScript into a Runtime. This Runtime allows formally verified applications to run natively on the network, ensuring maximum mathematical security. Subnets inherit the security and consensus properties of the U2U Network while also allowing node operators to contribute computing resources such as CPU, GPU, RAM, Storage and Internet. There are three types of subnet nodes:

Master Nodes: Responsible for transaction management, data availability, and cross-network operations. Master Nodes are compensated through transaction fees and proof rewards.

Verifier Nodes: Leverage Trusted Execution Environment and Fully Homomorphic Encryption (FHE) to validate data integrity and ensure privacy.

Edge Nodes: Provide computational resources and are rewarded based on their contributions to network capacity and protocol-specific operations.

This is possible thanks to 2 innovative technologies used by U2U Subnet: Universal Message Verification and U2VM.

U2U's Subnet technology is the cornerstone of its innovative approach to expanding blockchain capabilities. First of all, U2U Subnets are designed to cater to specific industry needs, ensuring that data handling is efficient and secure. Each Subnet is customized to provide the necessary features and support for its targeted niche, whether it be IoT, cloud storage, or other sectors. This makes U2U an attractive platform for industries that rely heavily on real-time data processing and analytics.

Besides, one of the most compelling features of U2U Subnets is their ability to operate independently from the mainnet. This means that even if the U2U Mainnet experiences downtime, the Subnets can continue to function without interruption. This feature ensures service continuity and enhances the reliability of the network.

As well as, transaction verification occurs directly on the Subnets, bypassing the need for packing as seen in other scaling solutions. This direct approach improves transaction speed and efficiency, enhancing the overall performance of the network. On-subnet verification enhances the security of transactions by reducing points of failure and ensuring localized consensus. This approach minimizes the risk of malicious attacks and ensures the integrity of the network.

Moreover, U2U provides users with the freedom to create an unlimited number of Subnets. This scalability is essential for fostering innovation and accommodating a wide range of use cases. Whether for testing new business models, developing specialized applications, or conducting research, the ability to create multiple Subnets offers unparalleled flexibility. The unlimited creation of Subnets allows for a versatile and dynamic development environment. Developers can experiment with different configurations, protocols, and blockchain technologies to find the best solutions for their specific needs.

Our services:

U2U Subnet's unlimited scalability empowers Decentralization on Demand (DoD), enabling every real-world application and service on demand to be built in a decentralized manner. Such services can be:

Account Abstraction refers to a concept in blockchain technology that simplifies the user experience by making the account and transaction models more flexible and user-friendly. In traditional blockchain systems, there's often a clear distinction between externally owned accounts (EOAs), controlled by private keys, and contract accounts, controlled by code. Account Abstraction blurs this line, treating all accounts as smart contracts, which can be programmed with custom logic and rules.

U2U Network is one of the first to implement Account Abstraction into the network structure, bringing forth various benefits:

Enhanced Security: Using Account Abstraction, U2U Network users can embed more sophisticated security measures into their accounts, such as multi-signature requirements or recovery options. This reduces the risk associated with lost or stolen private keys.

Simplified User Experience: With Account Abstraction, users can interact with U2U Network more intuitively. Instead of managing separate keys and accounts for different functionalities, users now only need a single, more versatile account.

Customized Transactions: Account Abstraction allows for more complex and customized transaction logic. Users can program their accounts to automate certain actions under predefined conditions, enhancing the efficiency and functionality of U2U Network.

Lower Entry Barriers: By making the user interface more intuitive and reducing the technical knowledge required to operate blockchain accounts, Account Abstraction attracts a broader range of users to U2U Network, enhancing network participation and diversity.

Innovative dApp Development: Developers on U2U Network can design more sophisticated decentralized applications (dApps) leveraging the flexible account structure. This leads to the creation of more innovative and user-centric applications, potentially expanding the use cases of U2U Network.

Reduced Transaction Complexity: Account Abstraction can streamline transaction processes, making them more efficient. This leads to lower transaction costs and faster execution times, improving the overall performance of U2U Network.

U2U Network is proud to be the First DePIN Layer1 in collaboration with @CoinList - The Top 1 IDO platform, this Q4 2024 to bring you the U2U Incentivized Mainnet Campaign - your gateway to earning $U2U tokens before they hit the market.

For more information: https://medium.com/unicorn-ultra/step-up-your-game-with-u2u-network-x-coinlist-u2u-incentivized-mainnet-0748799efeb4