From 2015 we will enter the Promise Blockchain phase, which will be limited by the main theme of Decentralization of Trust, thus freeing the emergence of value flows without intermediaries.

 

Now we are here in 2018, in which more project has been developed every day toward the improvement of the blockchain, yet blockchain still not being able to be fully functional toward any reality that is needed toward the prosperity of our society.

A while back Universal Protocol has been a small whisper throughout blockchain enthusiast, creating a different visualization and understanding toward blockchain is not an easy task. Starting from a few months back they have been emerging to be one of the best team in the world, with only some reading the white paper and few can only fully understand, those who understand will see the project will be impossible to achieve at this very moment.

 

Universal Protocol introducing a new phase of the solution toward blockchain technology which benefits Financial Institutions, Retail Investors, Centralized exchange and innovators. In this case, Universal Protocol will radically be simplifying the integration process.

How does it work?

 

When an investor buys $1,000 worth of Universal Bitcoin [UPBTC], for example, $1,000 worth of actual Bitcoin [BTC] is acquired and held in the reserve to substantiate its value. Consequently, the price of the Universal Bitcoin [UPBTC] will mirror that of actual Bitcoin [BTC] since it directly represents the ‘real’ underlying cryptocurrency in the reserve.

While both Bitcoin and Universal Bitcoin will trade on centralized and decentralized exchanges alike, the key difference is that Universal Bitcoin will be convertible into Universal Litecoin [UPLTC] — or any other Universal Proxy asset — in a single step, with seamless conversion on a single blockchain.

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

 

The understanding of Universal Protocol is very simple like the example above, but let’s talk about how great is the product toward investor point of view. There are a lot of people out there looking for the best product to be invested, at the recent time we have AERGO and Jura is releasing very soon, but how about Universal Protocol?

Well, there is a number reason why Universal Protocol will be a mass adoption product, such a solution right now to ensure the integration toward blockchain can be simplified is needed. While the Universal Protocol Platform is initially designed to support integration with applications on Ethereum, in practice the platform can run on any blockchain network that supports smart contracts. The model enables the creation of many previously unattainable exchange pairs (e.g., Universal Bitcoin to Universal Private Equity), expanding user choice far beyond that of offerings available now on centralized or decentralized exchanges.

Its really is outside the box kind of idea toward blockchain technology, this solution sooner or later will not be unnoticed and the team behind the project seem to be very solid. Dan Schatt as the chairman has been doing great toward the future of the company with Lu Hua CEO at Cred in the advisory board, at the same time their investor is pretty solid with a great background and solid foundation toward investing in blockchain project in the past.

Cryptocorez management would like to thank you for reading this article, for more information please click the link below:

Website: https://universalprotocol.io/

Whitepaper: https://universalprotocol.io/static/documents/whitepaper.pdf?version=5.2

Telegram: https://t.me/universalprotocolplatform

Twitter: https://twitter.com/UPPlatform

Bounty0x username: Yuta511

“This article was created in exchange for a potential token reward through Bounty0x”