[Recap] AMA with UENC Global Ambassador Sam Lindaman — 15 (August 24, 2021)
Q 1: How does the network develop its ecosystem?
A: The mining ecosystem has to provide staked liquidity while enjoying the benefits of an extremely low hardware configuration. It also has to form a liquidity network with the smart contract closed-loop ecosystem to stimulate the development of the entire ecosystem and the growth of the token value.
Q 2: What is UENC doing to sustain its success?
A: UENC has gone through different stages and ecosystem roles to achieve value alternation and prevent overvaluation. Now that the technology has been fully implemented, rational investment can be made according to the economic model to obtain relatively stable returns.
Q 3: What main challenge is UENC solving?
A: UENC seeks to solve the so-called “impossible triangle” problem and provide high levels of efficiency and low levels of cost to basic public chain facilities without consuming high levels of energy.
Q 4: Does UENC offer more liquidity?
A: The UENC ecosystem provides more liquidity and easier encryption of tokens so the development of DAOs under the smart contract can be completed.
Q 5: How thin is the barrier to entry for potential earners?
A: The barrier of entry is very thin with UENC, especially in comparison to other chains. From the market user level, the mining threshold is lowered. Users can also participate in the public chain infrastructure to obtain earnings while providing a liquidity network, which has significant advantages.
Q 6: How does UENC achieve its impressive technical feats?
A: The abilities of UENC and its capabilities are thanks to a variety of different technologies such as Delayed Proof of Work (DPOW), CPU mining, and better decentralization enabled by competition without the need for computing power; sharding technology, tree structure, and a highly concurrent and efficient transaction infrastructure; a hybrid network structure and lower gas costs made possible by larger numbers of public network nodes.
Q 7: Can I transfer assets from other networks?
A: Yes, UENC uses cross-chain technology to allow more high-energy-consuming encrypted assets to circulate quickly on the chain at a lower cost through the network.
Q 8: How long will the development cycle of the chain be?
A: The development cycle will last for 4 years, during which the technical implementation will take place, as well as the CPU mining process.
Q 9: How easy is it to develop dApps for UENC?
A: It is quite easy actually. The multi-language smart contract WASM supported by UENC allows developers to develop decentralized applications more easily.
Q 10: What features make UENC outstanding?
A: Delayed Proof of Work (DPOW), CPU mining and better decentralization enabled by competition without the need for computing power; sharding technology, tree structure and a highly concurrent and efficient transaction infrastructure; a hybrid network structure and lower gas costs made possible by larger numbers of public network nodes.