Uniworld AMA Recap

Uniworld AMA Recap

CryptoDiffer team

Hello, everyone!😁

 We are glad to meet here 

CMO at Uniworld  (@joey_jaz)

CMO at Uniworld, Joey Bertschler

Thank you for the introduction Maks, glad to be here

CryptoDiffer team

Let`s start with introduction:

Q1: Can you introduce yourself to our community ?

@joey_jaz

CMO at Uniworld, Joey Bertschler

UniWorld started quite a while ago during the early Ethereum days. We wanted to solve the scalability, interoperability and regulatory issues with e.g. the ERC20 protocol and Blockchains in general. 

Because we didn’t want to raise any money before we had an actual product, we skipped the 2017 ICO wave and focused on R&D using the revenue we make from our bot solutions. Now we are at the mainnet stage and our products, though rough, are ready for the users.I come from a regulatory, marketing and tech space. 

I work on AI and technical talents with bitgrit.net, on compliancy factors with the Security Token Alliance and a whole bunch of other things really. Here is my LinkedIn for an overview: linkedin.com/in/joey-bertschler/

CryptoDiffer team

The second question will be: 

Q2: Can you briefly tell us what is Uniworld in 3-5 sentences?

CMO at Uniworld, Joey Bertschler

UniChain.World is a highly scalable Blockchain wth interoperability features. Other projects can be added or “mounted” on top of it and our smart contracts can be sophisticated and complex enough to follow regulators requests.

You can find all of our technical details neatly organized here:

https://bitcointalk.org/index.php?topic=5255376.0 (Forum)

And in Detail here:

https://docs.google.com/document/d/1qxP3x7u0Bq68dHfRYvJsGX8_jr14tZlhuTsaGzpeOpA/edit?usp=sharing (Whitepaper).

UniMe’s whitepaper https://docs.google.com/document/d/1vfDhIQj-pzU02lHPc3DOIkRFvQ87T2dge0DNzkdzyuM/edit?usp=sharing.

We have 2 other core products namely UniMe and UniBot. UniMe is a highly sophisticated messenger with additional functions. (You can create your own chat bots, integrate your crypto wallets and the live deletion of your background data enables privacy unseen in virtually any other apps). UniBot is our Chat bot solution. Similar to GPT-3 we use huge amounts of data to train the modules they run on, but the data we select, though its a lot, is edited and filtered beforehand to create custom solutions for our enterprise partners.

There are also simpler bots for users to use for fun or as individual. They can be upgraded, changed, embedded and so forth depending on what the user wants.

In short, Uni is a tech syndicate/software company

CryptoDiffer team

Q3: Let`s now talk about the milestones you have achieved and about your upcoming plans?

CMO at Uniworld, Joey Bertschler

We have mainly been developing wihtout any outside funding and quietly for a long time, so we have all of our products live rather than needing funds to make them

We did an ICO to raise additional money for scaling. All coins were sold out in less than an hour (several exchanges will list UNW in the coming months).

Our biggest recent achievement was reaching a capability of 1 million transactions per second when testing our blockchains ystems

CryptoDiffer team

Awesome, a lot of updates to come out!

Thank you for great answers!

I think it is time to start community questions round!

Cryptodiffer Community

Can you explain how is the deflationary mechanism of UniWorld? And are there any benefits for long-term UNW holders?

CMO at Uniworld, Joey Bertschler

We derive our value from our products and not an expectation of a high-value exit. It’s the same philosophy Roger Ver applies in his quest to improve BCH (as opposed to BTC maximalism).I was hoping the users that ask these questions could join the chat for a conversation. If anyone has any questions at any time, please don’t hesitate to send us a message. Be it on the Bitcoin forum, via one of our emails, on LinkedIn or elsewhere. We will always get back to you.

A big difference with Uni is that Uni works with or without funding. If we get the support we are looking for quickly, we will scale accordingly. If not, things will simply develop more slowly. Our channels have never been quiet for several years either. Anyone can contact or ask us anything at any time and each of our core members is quite accesible. I think this makes for quite the big difference.

Cryptodiffer Community

Uniworld has a referral program whereby users receive 5% of every direct transaction through their affiliate links. Will this referral program always work? Will the early adopter retain any benefits?

CMO at Uniworld, Joey Bertschler

Yes. Early adopters will always receive higher rewards. We will even increase them if necessary

Cryptodiffer Community

I think that if blockchain is intended for commercialization, it should be as decentralized and scalable as possible. So how does UniChain solve this problem?

CMO at Uniworld, Joey Bertschler

This question gets asked a lot so let me put this in simple terms.

UniChain.World can do millions of transactions without sacrificing security, decentralization or similar. This makes it suitable for mass adoption and industry solutions. The best chain in the world is functionally useless if it can’t keep up. That’s the point of Uni

Cryptodiffer Community

How does UNIWORLD plan to generate revenue to keep the project afloat and what is its revenue model? How can this benefit both investors and your project?

CMO at Uniworld, Joey Bertschler

Transaction fees (very low – but many transactions), 

Revenue from selling software,

Revenue from creating custom chat bots and offering our stand-alones (the later via API calls)

Cryptodiffer Community

Dpos-Hotstuff

What are the advantages of consensus over other infrastructures and how does it work for the blockchain platform?

How does the Proof of Stake (DPoS) integrate with the sidechain architecture for scalability and one-second block precision?

CMO at Uniworld, Joey Bertschler

I’m not technical enough to properly explain this, please refer to our whitepaper above

Cryptodiffer Community

Can you tell us what is the main role of the UNIWorld token in your ecosystem? Explain the usefulness and use cases in the real world?

CMO at Uniworld, Joey Bertschler

Staking (Witness node) running services incl. fees (utility) and as a currency (buying goods and services)

One can for example create their own custom chat robot, their own coin/project running on UniChain.World or even buy groceries using the UniMe app (soon) as a wallet

Cryptodiffer Community

What is the UniChain blockchain? And how will it solve the main problems like scalability and security, limited compatibility and integration with legacy systems?

CMO at Uniworld, Joey Bertschler

First of: UniChain.World is not built on top of any other blockchain (just to avoid misunderstandings). It can be integrated or vice versa integrate fairly easy using the mulit-chain protocols.

Here is a little overview on the chains stats:

Cryptography algorithms: SHA256, SHA512, Keccak256, Keccak512, Elliptic Curve Digital Signature (EDCA).

Private keys on UniChain: 256 bit long (64 hex characters) and start with the letter U

Consensus algorithms: DPoS-Hotstuff

Active witness nodes: 33, alternative witness nodes: 22 (55 in total)

Total UNW supply (fixed): 1.000.000.000 (In words: one billion)

Block time: 1 – 3 seconds

Smart contract language: Solidity (compatible with Ethereum)

Inflation rate < 1% per year (may be zero or go negative, depending on transactions in the network).

Here are some good links explaining the individual parts. We put our graphics, code, algorithms and so forth into our White papers for anyone interested in the details.

What is DPoS – Binance Academy (3min)

HotStuff – Cornell University (Paper)

https://arxiv.org/abs/1803.05069

Cryptodiffer Community

What’s your business model?

What problems did you face to when trying to implement your product in working businesses..? Is it hard to explain to usual non-crypto people what is Uniworld and what are the advantages of using it?

CMO at Uniworld, Joey Bertschler

For example smart contracts need to be sophisticated in some cases. If you were to use e.g. an Ethereum based coin using the ERC20 protocol, you would not be able to do proper KYC and implement restrictions for the protocol doesn’t have the necessary functionality. With Uni, smart contracts can be as simple or complex as they need to be.

Cryptodiffer Community

The cryptocurrencies community are symbolic prices. When prices go up, society grows. when it fell, many people started throwing it negatively. How did the UNW team solve this problem? What are your plans to build a community so that more people see the product than the price?

CMO at Uniworld, Joey Bertschler

Uni uses ICO/coin funds as a bridge rather than the sole way of financing it. It can work without it if need be and stays autark. Since Uni barely does advertisement and relies heavily on value from utility, it need not care.

Cryptodiffer Community

How does your UniChain DPoS-Hotstuff Consensus Algorithm work? Why did you choose DPoS for the UniChain network?

CMO at Uniworld, Joey Bertschler

See links above from the Belov answer and the paper links

Cryptodiffer Community

How does Uniworld offer strong incentives for users to join the network? I mean, why is it a good option to choose Uniworld among the hundreds of stablecoins that currently exist? Also, what are the specific problems that unichain aims to solve in the ecosystem?

I usually consider 3 things on blockchains: flexibility, cost and security. How can you guarantee me that these 3 things are available on UniWorld.io?

CMO at Uniworld, Joey Bertschler

Many reasons. Perhaps you need a chat bot, or a new social, or a blockchain to build upon (solidty works so Ethereum developers can move to Uni easily and bring their projects if they want).

Uni solves scalability without trade-off and bringing BC tech to mass adoption

On how we solve the 3 things you mentioned, please refer to the white papers but generally our hybrid solution DPoS + HotStuff

Cryptodiffer Community

How does UniWorld aim to show that it puts Userbility and purpose above meaningless promotions which is now order of the day in crypto space?

CMO at Uniworld, Joey Bertschler

By doing just that. Showing it’s usefulness

You can for example go on https://accounts.uniworld.io/ right now, get 0.5 UNW for free (no catch) and test it out

Here are Uni’s links:

CMO at Uniworld, Joey Bertschler

Thank You

Cryptodiffer TEAM

Thank you for you answers, it was an insighfull session

Thank you everyone who participated, great questions as always!

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