The number of existing cryptocurrencies and digital tokens has exceeded the mark of 7000. It is not surprising that even experienced investors can easily get confused in the bulk of all kinds of crypto projects. But among the ocean of digital currencies, there are also very promising services that are capable of giving profit even at an early stage of development.
And one of these young projects is UMI, a promising financial instrument that allows you to make investments, earn on deposits through profitable rates. In addition, users can make transfers instantly and at no extra cost. In addition, UMI is a blockchain platform that implements simple and complex smart contracts.
-speed of transactions. The UMI network is capable of carrying out about 4.5 thousand transactions per second. And this significantly surpasses the capabilities of most other blockchains, for example, Bitcoin or Ethereum. And the developers are constantly working to improve the level of throughput, reaching 10,000 transactions per second. This will bring the UMI platform closer to the level of transactional conductance of the main payment systems VISA and MasterCard. It is planned to reach the figure of one million transactions per second in the future.
In addition, the plans of the creators of the platform include the introduction of offline transactions. After all, the rest of the blockchain platforms are focused on transactions only using the Internet. Sending transactions in the UMI ecosystem will be available not only via the Internet, but also using SMS or other communication methods.
-lack of commissions. This is one of the main features of the UMI blockchain. The absence of any commissions is obtained through the use of specially developed technologies, as well as a special economic model that is different from other cryptocurrencies.
-smart contracts. The UMI blockchain opens up a lot of opportunities for users: creating smart contracts suitable for e-commerce services to launch decentralized autonomous organizations. Also, you can use the services of decentralized finance (DeFi).
UMI blockchain smart contracts are used for decentralized exchanges and applications, DeFi protocols, lending. Also, they are suitable for online stores, crowdfunding platforms, gaming sites and platforms, bonus programs and cashbacks, etc.
The UMI network can keep large DeFi projects, decentralized exchanges and applications running smoothly. And none of this will come with high transaction fees.
-availability of mobile applications for work. Users can perform operations with cryptocurrency using their smartphones, tablets on the Android or iOS operating system. And for this you need to download the Google Play and App Store UMI applications. They offer a wide range of functions, allowing you to manage one or several UMI wallets, as well as to receive, send digital coins, monitor transactions, place bets, etc. The applications have the ability to authorize using Face ID, fingerprint or PIN-code.
UMI is a young but very promising cryptocurrency network. It is able to offer users great opportunities for making money on cryptocurrencies, making a profit with maximum efficiency.
1. The UMI cryptocurrency is one of the most promising. I am just getting started in the field of digital coins, but I managed to study many analytical articles and gained my own experience and learned to understand the basics of this business.
On this coin from among other coins, I noticed right away. And I can identify three main advantages of it. First, UMI is mined using A-staking technology. In simple words, cryptocurrencies are generated while in the wallet. Second, coins are generated at high speed. As well as the speed of transactions that are made with cryptocurrency. Third, you can make money on a digital coin, even if it just stays in your wallet for a while. For example, if you are part of the structure of UMI owners, then it will provide an increase in the amount of cryptocurrency per month by about 32%. Your coins will simply grow while lying in your wallet.
2. UMI is a cryptocurrency that has just entered the market, but has already been able to decisively declare itself. She was not lost against the general background, and I decided to use it in my portfolio. I was pleased with the excellent staking speed, which grows with the number of coins. Also, I like the fact that you can earn money on YUMI without spending hours at the computer. You can get more than 30% of the profit in the number of coins in your wallet. It is also cool that the speed of operations even surpasses the speed of Bitcoin transactions. There is no need to wait for hours for the transfer of money, since everything happened in just a minute. And here I completely agree that this cryptocurrency is very promising for working with it and will give anyone who wants to earn money.
3. UMI as a cryptocurrency became interesting to me for two reasons. First, the speed of staking, this technology allows the coin to be generated in the wallet.