Ultiledger is an open financial protocol that is committed to leveraging blockchain technologies to help any credit organizations including government, banks, corporate companies, individual persons, B2B e-commerce platforms, industrial sectors, etc., to quickly build ultra-high security levels of finance. Its distributed ledger technology (DLT) can achieve ecological zero-cost transaction settlements through a hierarchical setup of blockchains: the combination of a main chain, sub-chains and sub-chain sets. Besides, Ultiledger is able to achieve system security, privacy protection, high efficiency and capital accommodation.
Specifically, Ultiledger focuses on the management and authentication of digital identities, issuance and trading of digital assets, and the integration of IPFS technology into its ecosystem. By means of bringing various files in the peer financing process onto the IPFS network as well as the blockchain, Ultiledger is finally brings blockchain technologies into real-world applications while greatly reducing the unnecessary financial and trust costs of intermediate links. Similar to the Bitcoin technology, Ultiledger is a non-intermediate value exchange protocol through the network; but unlike the closed ecosystem of Bitcoin, the Ultiledger protocol comes with an exchange functionality, which can be interconnected with external financial institutions. We strive to build a safer platform with more open design, lower costs and at the same time superior user experience. Last but not least, Ultiledger is extremely responsive to various regulations from different governments and takes advantage of blockchain as a technology enabler for a wide range of industrial entities.
Ultiledger aims to build a fast, low-cost, efficient, secure, and reliable blockchain economic ecosystem that meets large-scale daily business needs. Ultiledger brings improvement to existing blockchain technologies in three major layers: the consensus layer, the storage layer and the smart contract layer. Specifically, introduces a new consensus algorithm which promises high TPS, a hierarchical subchain architecture to further increase scalability, a decentralized storage system for cost-effective data access, as well as a modern smart contract platform for flexible application development. Combined together, these improvements help Ultiledger blockchain achieving high security, high scalability and TPS, and high application flexibility.