[Recap] AMA with UENC Global Ambassador Sam Lindaman — 7 (April 20, 2021)
Q 1: what is UENC?
A: UENC is a scalable public blockchain platform that utilizes cross-chain technology. As a highly decentralized blockchain network, UENC allows its users to interact with different blockchains at the same time. In the UENC network, users can perform operations such as cross-chain transfers, exchanges, and storage of encrypted assets, as well as use the blockchain network infrastructure to develop and run complete decentralized applications.
Q 2: Can you introduce us to the core team?
A: Our core team incorporates Jason Shen(who is the chairman of the New Zealand Energy Chain Foundation), Dr. Jiang Zhiyu(who has experience as Chief Software Architect in well-known companies such as Dell, IMB, amd Hitachi), and John Sokol(who has deep experience in aeronautics and aerospace research at NASA).
Q 3: How can I convert coins mined with UENC’s mining machines into cash?
A: Coins mined with UENC’s mining machines can be directly converted into cash and traded on the exchange.
Q 4: Cooperation with the Chinese government?
A: Cooperation with the Chinese government? This is definitely one of our goals. However, as the Chinese government hasn’t fully adopted the use of blockchain, it is very difficult to cooperate at this time. As this isn’t a giant priority for our company, we will continue working for different partnerships.
Q 5: What are you trying to improve on?
A: We are working on improving the feasibility of blockchain 3.0.
Q 6: How does UENC use cross-chain technology?
A: UENC has created a layered and integrated inter-blockchain technology. In the process of achieving cross-chain interoperability, it pays more attention to the high integration of assets in the two networks and integrates the network layer, consensus layer, and incentive layer of other networks into the UENC network to gradually achieve layered integration. The goal of cross-chain assets is to realize the exchange and integration of any digital assets in a safe environment.
Q 7: How do nodes in the UENC mainnet obtain signatures?
A: The probability of a node obtaining a signature is randomly distributed, and the final verification signature node will receive a slightly higher fee than the previous verification signature node.
Q 8: How long is the service life of UENC’s mining machine?
A: UENC’s mining mode is different from Bitcoin and other mining modes that require a large number of graphics cards. It does not consume a lot of power, does not cause the temperature of the mining machine to be too high due to high power consumption, and does not require a cooling fan. This greatly reduces the failure rate of the UENC mining machine. In theory, the service life of the UENC mining machine should exceed three years.
Q 9: When was v1 launched?
A: The 1.0 version of the POC was officially launched on November 1, 2020.