The article mainly introduces the community to U Network’s development priorities in Q4 of 2019 and explains the reasons behind such arrangements.

Before reading the article, you might want to review what U Network is.

U Network is a decentralized content asset storage, notarization, distribution, publishing and valuation network based on the blockchain.

U Network 6 main layers

We can divide U Network into six layers: decentralization, storage, notarization, distribution, publishing, and valuation.

The technology of the mainnet has been developed, and now the development in terms of storage, distribution and valuation will be the focus of Q4 2019. Our main targets would be:

1.Integration of U Network public chain and IPFS;

2.The launch of the content-oriented version of eco-product Upbet;

3.The integration of Upvote plug-in with Upbet.

The following part will elaborate on these 3 main targets.

Storage Layer: Integration of U Network public chain and IPFS (InterPlanetary File System), the first step to decentralized storage.

U Network + IPFS

The InterPlanetary File System (IPFS) is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. IPFS uses content-addressing to uniquely identify each file in a global namespace connecting all computing devices.

To turn content into assets and generate value in the future, there must be features that ensure the content will not be lost. IPFS solves this problem. U Network will complete its integration with IPFS in Q4.

All works published on the U Network ecosystem can be serialized to the nodes of the InterPlanetary File System to achieve distributed storage of content. This will be the first step in decentralized content asset storage and bring data back to the content creators.

Publishing Layer: The content-oriented version of eco-product Upbet will be launched, it will become the core ecological content asset publishing platform

When content assets are guaranteed by IPFS technology, they need a place for content assets to be formed. After developing the technology of the public chain, U Network core team is constantly expanding its global product ecosystem. Its main purpose is to increase large-scale application scenarios for UUU and to increase the content assets on U Network.

U Network Ecosystem Products List

A publishing platform with continuous production of high-quality content is a key to the prosperity of the entire U Network ecosystem. U Network has also expanded its product ecosystem. Its product ecosystem founders come from China, United States, United Kingdom and Australia.

However, the process from 0 to 1 for each product requires a large amount of investment. Although the dispersion is in line with the advantages of decentralization, it does not create a killer product.

Therefore, the U Network public chain core team decided to focus on the development and operation of one product in depth, and finally chose Upbet among its current products.

Upbet has been developing overseas in the direction of market prediction. It differentiates itself from other content platforms by improving content interactivity. Upbet has successfully completed the small-scale application of UUU (more than 400 million UUU tokens for deposit in 2 months, with 30 million UUU tokens for effective forecasts).

However, just the prediction of the content alone does not produce any sufficient demand. In order to further expand the traffic of Upbet, the team faces 3 choices:

A. Keep exploring in gaming direction

B. Provide more UUU application scenarios

C. Increase the amount of content assets;

Upbet 3 Directions

A. Decentralized gaming is a good direction. For example, WINK based on the TRX has reached over 100 million RMB of revenue in one year when I heard. But considering the overall ecological development of U Network, it is not suitable to focus on the deep cultivation of gaming products.

B. Providing more UUU application scenarios means building an Apple App Store equivalent for UUU, where all applications use UUU tokens for transactions. The app Dropil is developing in such a direction.

It feels more like an exploration with various functional products in order to discover the Killer App in blockchain, but this direction of increasing the large-scale usage of UUU is out of user demand and unhealthy for long-term development.

C. The content direction is the original intention of U Network. Content platforms based on blockchain continue to emerge, but their performance is unremarkable. Upbet was originally positioned to create a content-interactive publishing platform and prepare for the uprise of content platforms in the blockchain.

However, the current version has a high publishing threshold for its users, hindering the formation of content assets on U Network. In addition, when content products form a specific community to generate aggregated traffic, the scale of UUU application will also be resolved.

Based on consideration of the above aspects, U Network core team will focus on supporting the development and operation of the new content-oriented version of Upbet, reducing the threshold for users to create content, increasing the number of content assets on U Network, and expanding the ecosystem traffic.

Valuation Layer: The integration of Upvote plug-in and Upbet, officially incorporated into the content asset valuation system

U Network’s earliest positioning was the world’s first decentralized content distribution and valuation protocol. The core feature of its white paper is its valuation protocol. Its design for content valuation system from the redesign of traditional free-of-cost Upvotes and it sets prices for U Network’s content assets.

U赞‘s Upvote

About May 2018, U Network Ecosystem launched DApp U赞, which was described in the first white paper, and it was launched with its Upvote function. But the problem is that the flow of the product itself is a source of innovative traffic, and the original positioning of cryptocurrency investment has been upgraded to the current blockchain technology community — ChongDong.

The design of the Upvote appeared for the first time in China and received a lukewarm response, but it was popular among overseas communities. The core team originally decided to develop a decentralized Upvote plug-in this year, which can be merged with major content platforms (Medium, WordPress), but it would also face the problem of traffic dispersion and is facing the marketing adjustment of Upbet products.

As a result, U Network team decided to integrate the Upvote plug-in into Upbet as a function and incorporate it into the U Network’s decentralized valuation system. On top of this, the mechanism of Upvote will be continuously optimized, and the independent development of the protocol layer will be carried out after satisfying certain requirements. *You can reread the U Network white paper to learn more about the innovations of Upvote.

U Network Island

In summary, in Q4 of 2019, within the six major layers of the U Network ecosystem, the team will focus on the layers of storage, publishing, and valuation. In terms of storage, it will integrate with IPFS; in terms of publishing, it will focus on the development and operation of Upbet; in terms of valuation, the appraisal of the valuation protocol is aggregated into Upbet in a minimal (MVP) manner. The aspects of notarization, distribution and decentralization will be developed and explained in detail in 2020.

U Network, which started as a lone island, has attracted people from all over the world in nearly two years of development. Some people have chosen to stay here long-term and formed a unique culture.

The indigenous peoples (team members as example) who built this island are constantly colliding with people from all over the world, promoting the continuous evolution and development of the island’s ecosystem. The future prosperity of the U Network island will depend on you and me, and you are always welcome to visit. The best is yet to be.