uchain interview - UCHAIN-WORLD/uchain-fullnode GitHub Wiki

UChain Interview

This sponsored interview is brought to you by UChain. I would like to start by thanking the Yang who is a senior blockchain architect for the project for joining me today, welcome to my channel! Let's get started with a quick overview of what your project is for the people watching.

  1. Why does the sharing economy need to be moved to the blockchain, what advantages does your project have over the traditional sharing economy? Traditional sharing economy is more expensive.they take too much from producers.for example uber takes 20% to 40% from the payment of the drivers. So is airbnb.all the traditional sharing economy companies do the same thing because they has an advantage of normal user data and communication. this is not necessary and can be solved by blockchain. In blockchain operate cost is not so huge as traditional sharing economy and any user of the network has an equal position and any one has all the information of the trades.you may think this is not safe.but actually blockchain is more safe than any other traditional .You can not change anything so anything is true.we use crypto ways to let other know what you should know and what you should not.There is a crypto math Algorithm called zero knowledge proof can solve this. In summary I think it is more cheap and more safe.

  2. I ask this because you guys actually have a preexisting company that lead up to this called Ubicycle which is a bike sharing app that's located in 5 different countries. And I was curious, how Ubicycle evolved into UChain? As I know, Ubicycle will use the digital Identify called UID to implement user registration and user credit. Ubicycle also will implement a new way of mining. As you know bitcoin mining is a big waste of electricity?maybe a riding of bicycle is a more useful way

  3. Explain UChain's relationship with UB Group holding They are actually two organizations.Because of we have some same funders. we will always cooperate with each other.

  4. From my understanding, projects will develop dapps to be used on the UChain platform and will create their own sub ecosystem correct? Do you have any dapps who've agreed to build on the platform already? As you know Ubicycle is one .As I know, a Real estate agency is another.

  5. Could you go into more detail? An AI device compony is also interested in UChain.They produce a kind of Electric skateboard that is very cool.

  6. Are you hoping bigger companies like airbnb and uber may eventually move to your platform? Yes, of course.blockchain is an open platform.first we should have a high technology to Attract them.We also need enough users.I think blockchain is a more effective Solution of sharing economy.

  7. For projects who choose to build dApps on UChain, they'll have to accept UCN if they do a token sale. Are you concerned that this will be a hurdle because it would be less liquid or accessible versus bitcoin and eth? I don't think they have to accept ucn. UChain is not a chain that you have to use ucn to do any thing.you can build your child chain in UChain by our SDK.Then you have your own token and token economy.

  8. Something that really stuck out to me was you're using RPCA which is the Ripple Protocol Consensus Algorithm for UChain. Why did you choose that? Actually we change it to ourselves' Consensus called UPOS.which stands for User Proof of Stake. It has something todo with the UPOS of EOS but not the same.we choose UPOS to improve because of the high TPS. For more information you can read our announcement about a month ago.

  9. You're using a two token system on your platform, UCP and UCN, explain the different use cases and why you chose that model? Actually UCP is not important any more.You can think it is locked UCN.Actually our main chain will support more than two tokens.Any one can register a token just like register ERC20 token.We have our own standard called UIP whch is like ERC to etherem and BIP to bitcoin.We allow multi token is to support child chain.

  10. .When do you plan to launch the mainnet, and how sooner after that will you guys support your token swap? I think it will be launched before Chinese new year. It may cost 3 or 4 month.And we will support token swap in about one month.

  11. In your white paper you state that the total supply would be determined at the end of the ICO, why did you choose to do that? The total supply is 820 million.We must count an exact number base on the ICO.Also I want to say we have an efficient token economy such as a low inflation.We will publish it in our white paper of 2.0 version soon.

  12. You cancelled the crowdsale, why? And how can people get their hands on your token now? We got enough eth from institutional investors?people can get their hands on our token by some exchanges, such as UEX and Hotbit.I think the price now is quite low and very worth to invest.

  13. You mentioned UChain will have a standalone wallet with a decentralized exchange built in. Are you concerned about liquidity in the beginning being a deterrent for users? No.we are not concerned about that.we will build that kind of exchange to let normal users to participate in the development of DAPP and child chain, and to build a more efficient token economy.

  14. How will the staking mechanisms work on your platform? Will that be something that is built into the wallet? Yes. It is about the UPOS. Users that have more UCN and hold them for a long time will have more right to vote.this will be used to determin the miners of UChain at first.Then anything change will be determined by vote.

  15. I read you're going to be creating a User credit passport system that will be your KYC system, can you elaborate on how that will actually work within the ecosystem? It is about the UID. It just like your user name.You can think it just equal to your bitcoin address.Actually you can use it to send or accept UCN. Of cource the blockchain can validate it.then all your trades can be validated in the blockchain.Any others will know what you did in the blockchain.Of cource this will be the best KYC system and also a User credit passport.

  16. What exactly is the Credit Rating System, and what purpose does it serve? For example UBycycle will be served,users that has a UID will not need to pay a deposit.

  17. Original protocol is another crypto based project that is very similar to you as far as a sharing economy goal. What makes you different and do you see them as a direct competitor? I don't think so.They are using Ethereum and IPFS,both of them is not efficient enough. Ethereum has a low tps cannot support this.Also you cannot store all the things in IPFS.We has our own technology to support sharing economy.

  18. How is development coming along are you still on target to meet your deadlines on your roadmap? The development is all right,and we are working hard on programming ,degbuging and testing.Every one of the core developer works more than 50 hours a week.I think we will finish it on time.

  19. What would you say your biggest strengths and weaknesses are as a project? the balance of the technology.we have upos,uid,dapp,sdk,api ,smart contracts and child chain.all of them work well. the weaknesses is the invest evironment of blockchain.I don't think it is as well as it is in year of 2017.

Well that's all I have for questions for you, is there anything else you'd like to add? I want to talk to the investors.Believe in us and we will pay your patience.

UChain Links

Website: https://uchain.world/

Whitepaper: http://bit.ly/2pRNiXu

1 Pager: http://bit.ly/2OYGl57

Twitter: https://twitter.com/UChainEcosystem

Medium: https://medium.com/@uchain

Telegram: https://t.me/UChainEcosystem