Ultrain’s UGAS goes on Binance Chain
Ultrain’s UGAS goes on Binance Chain

Ultrain’s UGAS goes on Binance Chain

By Marco Cavicchioli - 27 Jun 2019

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Ultrain announced on Twitter that its UGAS token will be migrated to the BEP-2 standard on Binance Chain. 

Ultrain is a truly decentralised public 3.0 chain that aims to be the global leader for mass commercial adoption. The UGAS token, launched in April 2019, is migrating to the Binance blockchain to become a BEP-2 standard token and be listed on Binance’s DEX. 

The tweet announces that UGAS may be available on the DEX already today, but is not yet listed. Ultrain is a high-performance, decentralised blockchain platform with the goal of building a sustainable business ecosystem that allows for industrial applications in sectors such as supply chain, media, retail and healthcare.

Ultrain’s development team argues that their solution will solve performance and scalability issues in traditional public blockchain platforms, allowing them to dramatically increase performance.

The project was created by former executives of Alibaba and Ant Financial Blockchain, and the team includes 40 developers from Alibaba, Ant Financial, Google and Huawei. 

The heart of the project is the proprietary consensus algorithm RPOS, which is complemented by a framework for smart contracts and customisable privacy solutions (zkp). 

According to the roadmap included in the whitepaper, the Ultrain ecosystem, the automatic learning platform with artificial intelligence, and Edge computing for the Internet of Things (IOT) will be developed by April 2020. From that date, the ecosystem will become definitively operational. 

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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