[Recap] AMA with UENC Global Ambassador Sam Lindaman — 20 (December 15, 2021)
Q: What makes UENC outstanding in comparison to big public blockchains?
A: To compare the big public blockchains such as BTC, ETH, and SOL, UENC combines the positive essence and excellent features while removing the dross. UENC improves optimization, promotes technological innovation, increases accessibility, eliminates the monopoly effect, and is environmentally friendly.
Q: Can you tell me about the different roles on the platform?
A: There are different roles such as miners, developers, users, and investors which may have consensus angles and consensus points at various times.
Q: Why use the smart contract WASM?
A: The multi-language smart contract WASM supported by UENC allows developers to develop dApps easily.
Q: How does UENC implement cross-chain technology?
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: What were you hoping to accomplish through the securing measures that UENC implemented?
A: The existence of the staking system and having more than 50% of the staking currency is extraordinarily costly and unrealizable. At the same time, while some miners enjoy low-cost hardware, the pledges contribute to liquidity. Miners and the downstream smart contract ecology fuel consumption form two-way feedback and bring better liquidity.
Q: How will the cross-chain be realized?
A: After the smart contract is launched, cross-chain will be realized through hash locking, multi-signature, rainbow bridge, and other technologies.
Q: What do you consider the drawbacks of marketing strategies in the crypto space?
A: There are many high-profile projects, such as Swarm, or Chia, which suffer from severe overvaluation. No matter how much of a buzz a project creates, it must have good investor relations to advance effectively.
Q: When will I break even on my UENC hardware investment?
A: While there is always a certain level of risk that users must first consider, the initial investment costs are typically recouped within the first month or two.
Q: How reliable is UENC as a project?
A: As with any investment, a level of risk cannot be avoided, and we always suggest weighing the risk of such opportunities. The fact that UENC has a deflationary design certainly helps one accurately assess their risk.
Q: What are the benefits of CPU mining in UENC?
A: The most significant benefit of CPU mining is the low barrier to entry in terms of hardware investment. Traditional mining is expensive to get started.