uPlexa UPX

uPlexa is developing a platform that will be free from the shortcomings of all existing solutions. Users will be protected and anonymous, the network is completely decentralized and incredibly stable and scalable. Transactions will be fast and cheap, and the network, thanks to NZCM technology, will not be overloaded. The efficiency of the network of cryptocurrencies is mainly supported by miners and Proof-of-Work algorithms, as well as by Proof-of-Stake. However, Proof-of-Work is most often used, it supposes mining, which is very often centralized and does not bring anything good for the cryptocurrency and the network itself, because now instead of a decentralized network, it has become centralized and depends on who has more computing power. From this come all the ensuing consequences in the form of centralized mining (mainly due to Asic, the threat of an attack of 51% and other problems). It is clear that such network cannot be used on a global scale and cannot be suitable for mass use. That is why uPlexa solved this problem by using advanced CryptoNight technology, where IoT devices are engaged in mining.

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