Development portal to UNIT Coin. A final layer solution for sustainable use of cryptocurrencies.
The Unified Network Foundation has developed UNIT as an alternative cryptocurrency solution that addresses the challenges of slow and costly transactions commonly associated with the use of Bitcoin and other cryptocurrencies. UNIT aims to provide a layer one fiat transaction platform that is fast and affordable for day-to-day use.
The emergence of digital currency has ushered in a new era known as "The Internet of Money." In order for this trust-less, peer-to-peer, ledger-based technology to gain widespread adoption, it is essential that transactions be fast and nearly free. As such, the ecosystem of digital currency must prioritize speed and low cost in order to support its growth.
The current era of transactional distancing has led to the need for a new alignment in order to achieve economic prosperity and opportunity.
UNIT, or the use of "units," offers a way to address the need for technological advancement within the framework of our new global relationships.
Under development to support the Unified Network Token protocol.
UNIT is developing an open-source Dapp wallet system that will enable users to easily transfer and store cryptocurrency. The Dapp wallet will provide a trustless and immutable environment for transactions, allowing users to transact freely without censorship or controls. This will ensure the safety and freedom of transactions regardless of borders or restrictions.
UNIT's Node Network protocol using cryptographically secured entries will have the ability to allow for unlimited transaction with only one Mainnet transaction fee. This has the added benefit of significantly reducing the load on all networks and ensures the viability for the echo-system as a whole.
Minted Units can be held, stored and transferred with their infused value intact. In-app verification with instant transfers allow for micro-payment use systems and increased opportunities and adoption.
The UNIT protocols cryptographically secured algorithm eliminates the need for third-party stewardship, custodial governance and oracle-based systems. It circumvents these centralized points of failure and eradicates cross-chain counterparty risk.
Utilizing elliptic-curve cryptography, the Unified Network Token is similar to other cryptocurrencies. The UNIT protocol leverages the Advanced Encryption Standard (AES) along with the TPM (Trusted Platform module), found in all modern systems. With a performant-based variant of the Feistel Network Cipher framework, UNIT is able to excel in its transfer protocol ubiquity, building on the Rijndael algorithm with an expanded 256bit keys schedule. This allows for each Unit not to be "pegged-to" but rather directly contain its value of Bitcoin or other cryptocurrencies through a process of software-based encrypted absorption.
The main feature of UNIT is its ability to absorb a predetermined amount of a cryptocurrency deposited as a cryptographically secured entry within. This creates a both Fungible and Non-Fungible hybrid token. Each Unit's contained amount may be set, at the time of absorption, to a value equal to 1 USD or sub-amount such as Quarter = 0.25, Dime = 0.1, Nickle = 0.05 and-so-forth. Therefore transactions are also made simpler as Units are more easily relatable as a commonly known value standard.
Each new Unit will then contains both Keys of the cryptocurrencies' corresponding value and can be transferred freely and accounted for on the UNIT blockchain. The keys are held, cryptographically secured, within each UNIT verifiable at any point. A holder of any amount of Units is able to convert the held crypto back into its originating ecosystems' wallet whenever they wish. Thus consolidating potentially thousands of transactions into a single ledger entry with only one transaction fee.
If you made it this far then you may have just read your first “White Paper” and are now ready to embark on this brave new journey. Time will tell the story of how a little idea first set out by Satoshi Nakamoto grew into a vast new open-ended world of possibilities for those ready to embark.
Best Wishes and Good fortune!
- UNIT Founders
Looking forward we invite Backers, Supporters and Early Adopters to participate in the development of the UNIT protocol. This process starts with Initial seed round Tokenization to raise funding for the Unified Network Token Foundations.
Q2 2020
Release of the Unified Network Token White Paper and corresponding implementation proposal website (this), along with the Legacy Adoption ERC-20 Tokenization version of UNIT on the Ethereum Network.
Q3 2020
Open up Portal to Developers, promoters and expand the intellective framework of the UNIT protocol.
Q4 2020
Continued development and exhaustive vetting phase along with audit procedures..
Q1 2021
Early 2022 launch of mainnet. Primary Bitcoin infusion set to integrate with applied use cases within established payment channels including DeFi applications.
Further development proposals implemented.
Primary Country of administrative operations.
In view of a favorable Federal response to the development of blockchain technology while adopting the same rules and policies of the united G-20.
Please abide by the rules and regulations set out by the local governing authority in your region.
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Future development proposals to come including but not limited to:
