Review on UChain by Victor Nnamah
UChain: a platform for sharing economy enterprises.
When we talk about sharing of economy enterprises globally, we talk about UChain. From what I can tell about UChain, it is a public infrastructure blockchain designed as a network for the purpose of supporting and improving the sharing of economy enterprises globally. It involves sharing of services between individuals in exchange for money. Transactions are in a peer-to-peer network which makes it private and safe.
So far so good, UChain has been able to solve some specific problems faced by blockchain like excessive costs and unnecessary intermediaries, in other words, third parties. Its interface provides immunity and transparency with data security and privacy which makes it a trustworthy platform.
It also has its token that operates on the Ethereum blockchain network, UCN, which is a cryptocurrency used on the UChain platform as a means of payment and also tradeable. I am currently holding it on my Lumi wallet, trading it has been profitable for me from my last transaction.
However, it is been listed on only one exchange for now, Hotbit, I got my UCN via Hotbit by simply exchanging my available ETH for it but you can still use BTC for exchange if you wish.
In conclusion, I will advise anyone who wants to invest in this system to make a proper research on it so that you would know if it will suit your needs.
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Pros
- It enhances data security and privacy.
- It enables peer-to-peer transactions.
- It has high immutability and transparency.
Cons
- It is listed on only one exchange, Hotbit.
