Ultra stays in front of the curve by bringing environmentally friendly blockchain technology to video gaming and entertainment
All of us see the effects that power consumption has on our world every single day and we refuse to ignore the problems. Instead, we all ensured our technology prospective customers the industry by delivering the sustainable blockchain usable simply by everyone. These days, we’re proud to mention that the Ultra network continues to be assessed thoroughly and is at this point officially CarbonNeutral® energy usage certified!
What makes Ultra’s Blockchain Carbon Neutral?
Ultra’s blockchain differs through Bitcoin and Ethereum’s Evidence of Work (POW) consensus criteria in a number of areas. Most notably, our blockchain needs far less computing power to safe the network’s transactions while other systems require larger computing capability to be more secure.
As you may know by now, POW is very power hungry, so much so it accounts for energy consumption equal to entire countries. This is especially astounding, considering both systems combined can handle no more than thirty transactions per second.
However , Ultra’s blockchain general opinion model, called Proof of Expert (POA), is an eco-friendly and effective alternative that increases the amount of security while drastically decreasing energy consumption and substantially increasing deal throughput.
You’re probably wondering, how do Ultra’s blockchain achieve comparative or higher security than Bitcoin and Ethereum while using substantially less energy?
Everything boils down to two fundamental concepts:
- The consensus formula: How can we ensure that poor validators can’t fake dealings on chain?
To put it simply, Bitcoin and Ethereum deploy the lottery style mechanism that will randomly assigns a miner the responsibility to validate plus broadcast a block associated with transactions. To win this particular lottery, hundreds of thousands of miners around the world execute a compute-intensive protocol. When someone cracks the particular winning lottery ticket, they have got the right to broadcast this on the network, win one bitcoin or 1 azure as a reward, and start the following lottery cycle for the following transaction. Validating transactions in this way means that all the other losing lottery participants (miners) consume electrical power “unnecessarily” because by style, these networks rely on synthetically inflated algorithm complexity to make sure nobody can cheat.
On Ultra, the process begins in a similar fashion: Block Producers are entities that obtain and validate transactions through blockchain users to acquire UOS coins. These dealings all have signatures which are verified by Block Producers contrary to the user’s blockchain public important, and if all checks away, the transaction is given to the rest of the Block Producers in the network. Once all the Block Producers have reached a consensus, the particular transaction successfully reaches “finality”.
From this made easier explanation you can see that, unlike Bitcoin plus Ethereum’s POW, Ultra’s blockchain doesn’t need to artificially fill computing complexity to work. Instead, we just execute optimized signature confirmation codes, leading to an efficient consensus algorithm that needs significantly less power consumption to perform faster dealings.
2 . Decentralization: How many deal validators are considered enough in order to validate transactions on the network safely?
To answer this issue, we had to find a sweet place by balancing decentralization plus power efficiency. In other words, there were to decide how many Block Producers had been needed to achieve optimal system characteristics.
Simply by analysing Bitcoin’s network, you observe that the network is managed by two mining swimming pools that, combined, control a lot more than 51% of the network. In the mean time, Ethereum’s network is mainly controlled by three mining pools.
With this in mind, all of us chose to assign seven specified Block Producers for Ultra’s blockchain. Specifically, each Block Producers upon Ultra’s network holds a good equal reveal of the mining pool . This makes Ultra’s blockchain, effectively, more decentralized plus secure than Ethereum plus Bitcoin while still using a solid level of redundancy in the event of network or hardware complications.
Considering Ultra’s Mainnet is live plus running with seven Block Producers, we’ve proven that Ultra’s blockchain is capable of providing extremely fast and secure smart contract capability without harming environmental surroundings.
“Being carbon neutral is essential for Ultra. In fact , we have gone beyond carbon neutrality by offsetting twice too many times more than our measured exhausts. ”
David Hanson — Co-CEO of Ultra
The actions taken to make UOS green
We officially started our carbon neutral task with Natural Capital Partners , the leading experts on co2 neutrality and climate financing, in May of 2021. Organic Capital Partners is a reliable entity helping companies for example Microsoft, Logitech, and Skies achieve important carbon emission objectives. Together, we analyzed how Ultra’s blockchain impacts the environment and calculated our own blockchain nodes’ CO2 exhausts to offset it by means of various renewable energy projects.
“ It’s essential that more and more businesses of most sizes are stepping up to consider climate action. Ultra’s attempts to reduce its emissions plus resulting CarbonNeutral certification good examples of companies taking their own environmental responsibilities seriously. ”
Sherah Beckley, Client Options Manager
From the assessments finished on Ultra’s blockchain, it is often verified that the energy running it is officially carbon natural. We’ve consequently been applying more in-house efficiency measures, purchasing alternative energy, and are working with external emission reduction projects to ensure we’re actually co2 negative.
Becoming carbon neutral certified is not just a huge and vital stage for Ultra, but also for any business that’s interested in utilising blockchain technology. Considering Ultra’s blockchain is carbon neutral, manufacturers can now confidently choose the infrastructure to elevate their products plus services beyond what was considered once impossible.
Why is Ultra’s blockchain technically carbon negative
As well as making sure Ultra’s blockchain is eco-friendly, we’ve made it a priority to aid renewable energy projects globally, offsetting the carbon emissions that people do omit from our blockchain.
“Having an eco-friendly blockchain was one of our objectives from day one. With the equipment, resources, and determination to achieve this goal, we’re quite proud to be one of the first lasting blockchain projects in the world. We will continue to take steps to ensure all of us do everything possible to keep and exceed our present efforts. ”
Nicolas Gilot, Co-CEO of Ultra
We are proudly supporting India’s eco-friendly growth through the West India Blowing wind Power project . Our own contribution helps enhance alternative energy capacity to meet the expanding energy demands in the region.
Via this project, we’re assisting provide affordable and clean power simply by contributing to increasing the talk about of renewable energy in the worldwide energy mix. These tasks provide clean electricity in order to displace electricity that would or else be powered by fossil fuels.
We’re furthermore facilitating decent work plus economic growth by giving to the local economy and sustenance of residents through the development of jobs.
And lastly, we’re supporting the development of lasting and resilient energy facilities to provide room for industry advancement and innovation .
Ultra will be the first entertainment platform delivering all key games sector services under a single roofing, accessible through a single login.
Built around our own PC game distribution system, Ultra Games, our system will provide access to countless central and decentralized services: Find out, buy, play and sell your own games and in-game products, watch live-streaming feeds, connect to your favorite influencers, participate in competitions, compete in tournaments plus much more.
Extremely has been built to extinguish the particular frontier between blockchain plus mass market, between dApps and apps and among legacy virtual items and NFTs.
Ultra’s Blockchain is CarbonNeutral® Authorized was initially published in Ultra on Medium, where individuals are continuing the conversation simply by highlighting and responding to this particular story.
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