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Uranus .. The Ubiquitous Computing Resource Sharing By The Blockchain

2018-08-07 04:24 pm | Resource: Crypto Section | No Views : 107

Uranus .. The Ubiquitous Computing Resource Sharing By The Blockchain Uranus .. If you know some information about Ober in Auto Sharing, or Airbnb in Homes Sharing, you can easily understand the Uranus Project, a project that aims to share computing resources anywhere and anytime, through the technology of the blockchain, we will talk today about the idea of the project, The team, its road map, and a conclusion on how successful the project will be in the future.
Project name: Uranus
Token symbol: URAC
Website: https://uranus.io
White paper: https://uranus.io/static/Uranus-Technical-WhitePaper-EN-V2.7.pdf
Hard cap: 35,000 ETH (token sale contributors will own 35% of the total token supply)
Conversion rate: TBA
Maximum market cap at ICO on a fully diluted basis: $48 million based on current ether price of $480
Bonus structure: TBA
Private sale / white list: Whitelist registration forms will be posted in a few weeks. Priority will be given to registrants based on when they joined the Uranus Telegram group, social media activity, etc. Please see the pinned message in their Telegram group for details.
ERC20 token: TBA
Countries excluded: USA, Canada, New Zealand, China, Republic of Korea
Timeline: TBA (please visit the project’s official website and join their Telegram channel for the most up-to-date information on their upcoming token sale)
Token distribution date: TBA

What is Uranus project?

Uranus is building a platform based on blockchain, which provide computing services that are efficient, efficient and decentralized to its users. It aims to address the problems facing current cloud solutions, including data security risks, inflexibility, migration difficulties, and high costs.
To do this, the team proposes to take advantage of the power of supercomputing around the world using extensible generic blockchain technology and distributed ledger technology.
The platform will ideally provide hundreds of thousands of computing contributors, application developers, and resource users. Their goal is to attract more than 500,000 shareholders and resource provider in the first quarter of 2019.
Any node distributed as Uranus can be used, including computers, servers, connection boxes, built-in terminals, IoT nodes, and so on. Uranus will act as BaaS (a blockchain as a service) and provides one-click dissemination.
This chart illustrates the structure of the Uranus system:
This chart illustrates the structure of the Uranus system

The main components of the Uranus platform include:

Uranus layer (uraChain): The four-layer blockchain consists of a storage layer, a network layer, a protocol layer, and an extension layer. The PoC is used as a compatibility algorithm.
Uranus blockchain (uraBlock): Supports general public blockchain cross-chain, modulation, optimization of consensus algorithms, extensible chain services, and fair service supply measurements.
Uranus Management Engine (uraEngine): An infrastructure module used for large scale scheduling, automatic deployment, and container extension and management.
Uranus (uraContainer) computer power containers: Improved container technology is used to ensure security, speed and ease of management.

How advanced is the project?

The project is still under development. The closed beta version and the first community version are expected to be released in the third quarter of 2018.

Road map

Phase 1 (Q3 2018): Community Version V1

Complete the closed beta test and release a community version.
Users may register their own computing power devices and use a small number of verified applications.

Phases 2-4 (Q4 2018 to Q1 2019): Commercial Version V2, V3 and V4

Release commercial versions V2, V3, and V4 – the target number of platform users will increase from 10,000 users in V2, to 100,000 users in V3, to 500,000 users in V4.
As the computing-power resource pool increases, resource contributors will be rewarded with more revenue. In addition, as trading volume increases, trading income will begin to be generated.

Phase 5 (Q2 2019): Ecological Version V5

As the platform scales, more industries and collaborators will be able to participate in application creation and contribution.

Tokens which used and valued

The URAC code is the original network code and is used in purchasing computing power, governs the ecosystem, gets the power of voting, and elects auditors. The token will be used to motivate many platform users:
Resource Providers: Provide network computing power and are rewarded with URAC codes based on the value of their contribution. The value is determined based on CPU computing power, downlink bandwidth, shareable storage space, available memory, effective Internet time, and so on.
Resource users: Use URAC tokens to purchase computing power from resource providers across the client interface. Smart contracts are used to generate a price and a purchase agreement to facilitate payments.
Checkers: responsible for generating required blocks required to sign URAC codes. They are rewarded with URAC symbols to successfully complete blocks. The project will also maintain a set of mining rewards.
URAC will benefit from various mechanisms such as documented death proof (DPoS), BFT and PoC. For example, Uranus uses PoC to schedule computing power containers; devices that have a higher input value are likely to be scheduled and customized for users, and therefore can earn more tokens.
URAC's symbols should be valued as more participants join and use the network, which in turn is driven by factors such as availability and speed of computing power, processing speed, security, and so on.

Team

According to LinkedIn, Beijing Uranus Technology Co., Ltd. was established in 2017 and is based in Beijing, China. The Uranus team is currently comprised of at least 19 people: 2 members on the Executive Team, 6 Technical Advisors, and 11 people in Product Development. The biographies of the key team members are summarized below:
James Jiang, Chief Executive – Over 13 years of experience and was the founder and Chief Executive of Beijing Cloud Times Technology Co. Ltd., an enterprise-level desktop cloud company based in China. Prior to that, he was a General Manager and Board Chairman at ZTE and established ZTE’s subsidiary Shenzhen ZTE Integrated Telecom Ltd. / Shenzhen ZTE Mobile Telecom Co. Ltd. He obtained his Master of Mathematics from Texas State University and his Master of Operational Research from Nanjing University of Science and Technology.
Halley Han, Chief Architect – Over 17 years of experience with expertise in server virtualization, cloud computing, and open source technology. He was the co-founder and CTO of Beijing Cloud Times Technology Co. Ltd.. Prior positions include Chief System Architect at ISoft Infrastructure Software Co., Ltd.; Architect/Linux Team R&D Leader at Wyse Technology; Co-founder and Architect at Beijing Aner Kechuang Information Technology Co. Ltd. He obtained his Master of Automation from the China Agricultural University in 2004.
Dr. Sheng Liang, Chief Container Expert – Over 22 years of experience with expertise in cloud computing, virtualization and distributed systems. He was the CTO of Cloud Platforms at Citrix Systems for more than 3 years. Prior to that role, he was the founder and CEO of Cloud.com, an open source software platform that was acquired by Citrix in 2011. He has worked in various roles at SEVEN Networks, Openwave Systems, Teros Networks, and Sun Microsystems. He obtained his Ph.D. in Computer Science from Yale University in 1996.
Dr. Zou Jun, Chief Blockchain Expert – Over 20 years of experience with expertise in cloud computing, big data analytics, storage cloud and blockchain technology. He was the co-founder and CIM of Scry.info Operations Community, an open source data sharing blockchain platform. Prior to that, he worked in various roles at HainaCloud, Futong Dongfang, West Cloud Valley, Centrin Data Systems, and was an IT architect with IBM in China and Australia for more than 10 years. He obtained his Ph.D. in Accountability in Cloud Services from Macquarie University in 2016.
Liren Chen, Chief Scientist – Serial entrepreneur with expertise in big data, AI and blockchain algorithm and products. He was involved in a number of successful startups including vivisimo (acquired by IBM in 2011), yunyun.com (acquired by Sina in 2013) and Passion Technology (acquired by Meituan in 2016). Previously, he was a Tech Lead and Software Engineer at Google for more than 6 years where he was responsible for research and development for Chinese, Japanese and Korean searches, big data and large-scale systems, and academic and legal searches. He obtained his Master of Computer Science from Tsinghua University in 1996 and from Carnegie Mellon University in 1998.
Advisors of the project include Michael Meng, Senior VP of Xinyuan Technology Group and Partner & CMO of RChaintech; Wang Zishang, Council member of the China Artificial Intelligence Industry Alliance; Zhao Peng, CEO of Hyper; Lv Xinhao, Co-founder of iotchain; and others.
Investors of the project include Acropolis Capital, Async Capital, BitcoinWorld.com, Bitgogo, Bixin Capital, ChainTED, CoinBene, DU Capital, Imagination Fund, and Stars Capital.

Opportunities

A strong team from a technical point of view with expertise in open source technology, cloud computing, containerization, virtualization and blockchain technology. According to the white paper, the Panel has created products that have been successfully marketed and used by the top 20 companies, military and governmental.
There are many potential uses for large-scale computing based on distributed computing, such as weather analysis, automated learning, and edge computing.
The global cloud market in the world is growing rapidly. According to a research report by Garner, the group has grown from $ 68 billion in 2010 to $ 307 billion in 2017 and is expected to exceed $ 383 billion by 2020.

Interests

The development roadmap is somewhat ambiguous and does not provide much detail about the technical milestones or the actual business development strategy.
Competition from the Central Cloud Computing (Amazon, Microsoft, AliCloud, etc.) of the blockchain solutions that are also trying to provide low-cost decentralized computing services.
Other blockchain players who may compete with them are Golem, SOMN, Hadron, Akash Network, Hyper Network, Rchain, Ankr Network, etc.
No MVP until the end of September.
DPoS is not a decentralized consensus mechanism.

Conclusion

Fluctuations: The project has an awareness of the medium market. It does not seem to differentiate between other distributed computing projects. In the current market environment, we are neutral about their short term potential.
For a long-term contract: the development of the project is still at a very early stage compared to similar blockchain projects. In the field of distributed computing, our funds are located on Hadron because of its team, partnership and progress achieved so far.

For more information about the project

Website: ​https://uranus.io
Whitepaper: https://uranus.io/static/Uranus-Technical-WhitePaper-EN-V2.7.pdf
Telegram: https://t.me/Uraners
GitHub: https://github.com/Uraners
Twitter: https://twitter.com/Uraners
Reddit: https://www.reddit.com/user/Uraners

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