[Ultrain REVIEW] What is Ultrain? Should we invest ?

1. Background Information

2. Ultrain Vision

In this society, the commercial logic of trillions of business transactions that take place daily will migrate from traditional to smart business contracts, which are automatically executed and realized by through the control and delegation of resources in the Internet of Things (IoT) by blockchain. Decision-making during the automatic execution process will increasingly be driven by decentralized artificial intelligence (AI) that operates on the blockchain. This will take over most of the computational and decision-making tasks, enabling highly efficient and reliable automated processing.

This business ecosystem comprises several business elements. Overall, it consists of three parts:

The technology layer, consisting of integrated infrastructure services based on public
blockchain, AI, and IoT
The horizontal services layer, aggregating organizations which provide various
decentralized business services, including banks, insurance, loans, etc.
The vertical application layer, containing numerous decentralized application services
that serve many users and can be implemented in multiple industries, including
scientific research and development, manufacturing (such as machinery and textile),
logistics, retail, finance, culture and entertainment (education, literature, intellectual
property and gaming), pharmaceutical biochemistry, food, real estate, agriculture,
animal husbandry, fishing, services (catering and travel), etc.

3. Token Metrics

Ticker: UGAS

Hardcap: 20M

Total supply: 1 billion tokens

Private sale: 10% of 1 billion

Private exchange price 1 UGAS = $ 0.2 USD

Lock up : 1.5 year for all private.

Crowdsale : Only 6M2 UGAS will sell through Bgogo ( Cirl very small ).

Mining: 50%

Consultant & community building: 10%

Foundation/ Ecology: 15%

Core team: 15%

Ultrain has already raised $20 million during their seed round, from which 10% of token supply was sold.

UGAS is used to purchase necessary computing power for running smart contracts on Ultrain. All smart contracts deployed on the mainchain and side chains of UGAS can run only with UGAS.

4. What is Ultrain?

Ultrain Technology Limited is the next generation public-blockchain technology venture that focuses on building a high performance decentralized blockchain platform through its programmable tech-infrastructure. Ultrain is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial applications. With its groundbreaking innovations in cryptography and based upon a complete decentralized public network, Ultrain is able to provide multi-folds more advanced technical performance to fundamentally solve the performance and scalability issues comparing to other traditional public blockchain platforms.

5. Core Functions of Ultrain

With Ultrain as the foundation, we are committed to providing a computing service called trusted computing. Compared to traditional cloud computing, this is a brand-new computing service model based on a blockchain architecture. Components such as CPU computing, GPU computing GPU is optimized for taking huge batches and performing the same operation over and over quickly, while CPU is idea for to handle few software threads at a time, memory computing, hard disk resources, bandwidth resources and others, can all be included in the scope and framework of this model. All these will take on the characteristics of blockchain computing i.e. difficult to tamper with, cannot be destroyed, and are transparent and traceable to all.

5.1 High-Performance Computing

Ultrain has created a new consensus mechanism, which is considered to be random trusted consensus framework. This new one can under the same level of security performance as the PoW, achieve 1000-times increase in performance in a fully decentralized network, with only 1% of the computing power requirements of the traditional PoW network.

The following features of this consensus can be named:

Feature 1: completely decentralized architecture

Feature 2: ultra-large-scale network cluster

Feature 3: Multi-terminal support

Feature 4: High-performance computing

Feature 5: Decentralization design

5.2 Trusted Computing creates value

With the aims to free up more computing power while ensuring the blockchain security and utilize the freed computing power for computation with actual social benefit to further create for the real economy. With those destination of innovations, only 1% of the computing power of the entire network required to implement mintage when the consensus is reached each around, and remaining 99% of the computing power can be provided as trusted computing.

5.3 User Friendly Smart Contract

In terms of Programming language and SDK, Ultrain supports several popular high-level programming languages for developing smart contract: C/ C++. TypeScript/ JavaScript and GoLang. Based on what they wrote on their yellow paper, the high-level programming languages have more flexibility, more matured language syntax, lower learning cost and easier to write secure and audit-friendly smart contracts. Furthermore, those languages also have better support for modern programming design pattern which increase developer’s productivity.

Based on the differenced in the monetary system, each dApps can choose different consensus mechanisms, including PoW, PoS, DPoS, POA, and RPOS, or even their own consensus mechanism. Ultrain’s design is based on the Javascript language. It significantly improves the user-friendliness of smart contracts and simplifies the developer adoption process.

5.4 Comparision to others

This table shows the aim and ambition of Ultrain, compared to others. Ultrain’s Virtual Machine of Smart Contract (Matrix) is compatible with JavaScript environment, support event-driven assignment and improves smart contract efficiency.

6. Team

Ultrain’s founding team members originally came from Alibaba, Ant Financial, 360 Security that has global vision with well rounded diverse experiences in technology strategy, ecosystem, business and community development.

Ray Guo- Co-founder and CEO of Ultrain- he is ex-Alibaba Director of data security, previously 10 years at IBM, with deep insights about information bottlenecks for corporates.
William Li- Co-founder & CTO, with over 11 years in R&D and management experience with HPC, OS core components. He is the former main architect for Aliyun
Shen Yufeng- Chief Architect, 5+ years Google Waterlookey OS Architect as well as the killer team member.
Wang Husen- Chief Cryptologist, former the one and only crypto scientist at Alipay Blockchain team.
Emma Liao- Co-founder and CSO of Ultrain, she has operation experience from being the co-founder her own.

Beside the co-founder team, there are 9 people from the core technical team, the strategy and community team, who have experience regarding blockchain and operation. However, their detail information like LinkedIn and Github for the verification.

7. Partners

The list of partners of Ultrain at this time is 40+, impressive number. The idea of how those partners help with the project’s progress is recommended. With this list of Partners, itis likely that Ultrain is having good and stable back running the project.

8. Roadmap

The roadmap shows pretty in detail, this doesn’t show the beginning of the project, however. The testnet of Ultrain is expected to released by June, 2018, 2 months ago.

9. Conclusion and predict

Ultrain expects to be applied for technical consensus, business consensus, learning training and operation platform, and network governance based on democratic voting, which is quite wide-range. The idea of Ultrain is not new to be honest, but the overall idea in whitepaper looks promising. However, it’s on paper only. Admin has confirmed that the testnet is ready, and will be released on October, it might be better to not joining at this time and wait for the update.

My rate :

Hype : HIGHT
Risk : Low
ROI : HIGHT
TERM:MEDIUM

UID: 542012105