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UMI cryptocurrency review

To do this, you need to make an individual wallet in the UMI blockchain, transfer a certain amount of UMI coins to your own address. Unlike other systems that work with stacking, coins in the UMI system are not frozen after joining the pool. UMI — One of the young projects мейд at the intersection of decentralized money and digital assets, which attracts attention not only by its unique functionality, but also by its stated development plans. These include various decentralized money services (DeFi). They remain in the wallet of the user, and no one has access to them, except the owner. UMI blockchain ecosystem: second transfers, smart contracts and profitable stackingThe number of issued cryptocurrencies and digital tokens has exceeded seven thousand. This allows a significant increase in network bandwidth. UMI — it is a universal currency tool that allows users to make instant, safe, and free-of-charge money transfers, and to increase the value of the cryptocurrency by means of profitable «stacking. UMI blockchain allows you to create a large number of specialized functional smart contracts, including those suitable for integration into online trading services or for launching decentralized autonomous organizations (DAO). In addition, UMI — is a real blockchain platform that can execute smart contracts of any complexity. Let’s take a closer look at UMI capabilities. This significantly exceeds similar characteristics of most other blockchains, including such favorite ones as Bitcoin or Ethereum. Reward for stacking is charged in twenty four hours. Smart contracts. Currently, UMI coins can be mined in two stacking structures (pools) — ROY Club and ISP Club. UMI blockchain is based on Proof-of-Authority technology, the concept of which was proposed by Ethereum co-founder Gavin Wood. Stacking. In the UMI network, the master nodes — Authorized large nodes that meet strict speed requirements.After refilling the wallet address, you can put your coins for stacking in two pools. The formation of blocks, and more importantly — They are sent to the blockchain by trusted nodes — master notes. development. At any moment, the user can withdraw and implement them. The difference between PoA and the favorite algorithms of Proof-of-Work (on which Bitcoin operates) or Proof-of-Stake (Ethereum plans to switch to PoS) is that in the PoA network there is no competitive race miners or foragers for the right to make the first block and get a reward. In the ocean of cryptocurrency projects, it is difficult for investors to recognize promising services at the early stage of development, and it is precisely investments at this stage that allow them to get the highest profit. Transfers The UMI network has a throughput of about 4,500 transactions per second.