As blockchain becomes the buzzword, many new networking systems are showing up. Ethereum is one of those. It is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
Well, it sounds good. Though being the leading project in the blockchain industries, and Ethereum and its smart contracts find exciting applications in many aspects, they encounter their own limitations. That being said, Ethereum still has scalibility and congestion issues, along with being relatively expensive. Especially, greatly disproportionate with its tremendous market value is its relatively restricted user scopes and use cases. The scarcity of killer applications has been the top problem to be addressed.
This crux forms with the unsolved performance limitations in public chain and user-unfriendly operations. many complains that the greatly praised technology fails to do as the supporters claim. It may be just a matter of time. However, now may be the best time to come across that disruptions the blockchain brings in.
In this sense, Unicorn do something seriously. UNICORN is a blockchain project which combines LBS and Device Fingerprint, dedicated to stem the tyrannis of mining. It purports to establish a new ecosystem of Internet of Things on the technological basis of Mobile Internet, Internet of Things, Blockchain and Artificial Intelligence. It is the pioneer technology and service company who creates and uses the POW consensus algorithm of Identity Authentication for mobile devices, the algorithm which will curb centralized mining pools and decrease the consumptions of mining on the technological basis of Device Finger Printing, LBS and Proof of Work.
To that end, there are great efforts that Unicorn make from the end devices and the ways the users get access to the system. On one hand, the Unicorn establishes a fresh public underlying chain on the mobile smart chips basis, and on the other hand, it inserts the blockchain technology into the smart phones.
The efforts will give rise to the easier access to the Dapps for huge users and beautifully solve the pain point by reducing the operation costs. Through the combination of various mobile smart devices, Unicorn expects partners in the community can find more application scenarios in daily life to use blockchain technology to solve practical problems, and encourage more DAPPs to enter everyone’s life. It will bring profound impact on travel, tourism, entertainment, logistics and other scenarios, and brings people from the mobile Internet era into the era of decentralized mobile credit Internet.
Additionally, the Unicorn first proposes the idea of blockchain-based mobile mining. The novel and exciting experiences such as application distributions and content subscription, will empower the users to start a new life. The new subscriber attention economy will reshape the economy ecosystem. Unicorn operates with a multiple business ecosystem which includes smart devices, wallet, browser, Dapps for the blockchain users to enter the system and interacts with each other. By doing this, the platform will fascinate the attention of users accurately, and the developers and other participants of the entire business ecosystem relish more exciting advertising experiences.
The bad order of bitcoin mining has provoked many miners, while the system itself cannot address this crux. The Unicorn has many possibilities to address these pain points, because it is born to eliminate the data fabrications by exploiting smart contracts technology to imbed certain advertisements into the Unicorn so as to exterminate the fabricated data and furnish a better evaluation of advertisement results.
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