Five Advantages of Universa Blockchain over Bitcoin and Ethereum
Universa, a blockchain cryptoprotocol of the new generation, which is much faster and cheaper compared to Ethereum and Bitcoin, launched its pre-ICO on August, 28, 2017.
The inspiration behind the project is Alexander Borodich, a technology investor, the founder and managing partner of VentureClub, the former head of marketing at Mail.ru group, Russia’s largest IT company. Universa presents a number of overriding advantages over Bitcoin and Ethereum blockchains.
Universa was originally being developed not as a cryptocurrency, but as a distributed system for executing smart contracts. Therefore, the Universa platform does not depend on mining, which results both in high speed and transactions low cost, with a distributed consensus model providing the same level of trust as in the existing blockchain protocols. The consensus in Universa is the consent of 91% of the network nodes. Forging becomes practically impossible at this level of consensus.
Due to Bitcoin’s volatile and speculative nature, microtransactions in the Bitcoin blockchain deem economically meaningless. It is not economically reasonable for a business to pay $3,5 for a few cents worth transaction, processed by the network for about 10 minutes, on top of that. Universa make a favorable difference if compared to Bitcoin and Ethereum, by allowing its users to make hundreds of times more transactions per second, and at a very low price
