U Network is a revolutionary prediction market and publishing protocol that helps online content platforms better align with the interests of their users. It does this by rewarding content creators more for their work, by letting users earn money for predicting popular content, by making it easier to discover high quality content, and by allowing all users to be part of content moderation and governance decisions.

U Network was launched around end of Jan 2018. From Feb to end of Mar, we achieved quite a lot of milestones and deliverables. We created a summary below to share these achievements with our community.

Development:

U Network Blockchain:

Based on functional requirement, we started building a transaction-friendly social media platform on top of our lower level blockchain. The main functions are as below: upvote, downvote, repost reward, settlement of author’s digital capital.

Code Optimization: optimization of command line, documentation, API server distribution, continuous integration compiler; removal of access from RESTful.

Research on updated consensus algorithm: on current consensus algorithms, we proposed a more easily escalated algorithm for sharding.

Wallet: More online wallets under development or move under testing stage, Wallet.dat UTXO is optimized.

The Development of the First U Network DApp In China Market:

U Community is the first DApp Build on top of U Network

U Community, pre-testing launching will be brought forward to the middle of April in the Chinese market, which is 8 months earlier than the original roadmap plan.

Part of the functions in the U Community have been launching for testing while other functions are also at the development stages.

The sign-in module has been created, including normal sign-in and sign-in via invitation code.

Users are likely to be most interested in the two modules below: social and wiki. Both have been developed.

Functions under development:

Social module: follow, share, status, column, KOL listing, live cast.

Wiki module: search, cryptocurrency list, cryptocurrency market price.

Adjustment of DApp’s Details:

In the first version of the DApp, the social circle function has been hidden temporarily in order to emphasize the core value of articles and special columns.

Developing of Airdrop Function:

Implementation of support:

Addition of short content, reply, repost, copy-and-paste of link and formation of thumbnails.

Testing-stage functions include:

— Fixing bugs

— Testing data filling

— Product-experiencing testing

— UE testing

Marketing and Community:

Partnership Highlights:

Lu Yi in Global Blockchain (Hang Zhou) Forum

→ Mar 26 2018, U Network co-founder Yi Lu participated in Global Blockhain (Hang Zhou) Forum.

He made a big announcement: U Network’s strategic partner SV Insight will accept UUU as payment for all products launched under it.

SV Insight has over 4 million subscribers, over 200,000 paying users for its paid-knowledge-platform and about 300 blockchain developer clients. The products under SV Insight include:

Blockchain Connect Conference, blockchain development technique course, reward for media and integrated communication. These would all support UUU payment, thus making U Network the first UGC platform which supports cryptocurrency payment. The development interface would be completed within 1 month.

→ Feb 2 2018, we held a “Build a next generation publishing platform with blockchain” event in Silicon Valley. The main guest of honor was U Network’s key tech advisor Li Yanbo. Li Yanbo is the core developer of NEO, co-founder of Onchain, founder of NKN. He shared about his experience and perspectives regarding “how to use blockchain to reform content ecology”.

→ Feb 21, in the live streaming of Huobi HADAX, U Network gave out 5,000,000 UUU to community members.

→ Feb 28, U Network project leader Ben and Yi Lu launched a broadcasting event on the topic of “how to capitalize on high quality content”. During the live broadcast, they answered questions on the uniqueness of the project, including the on-chain operation mechanism, profiting model of the platform and mechanisms to prevent farm-clicking etc.

→ Mar 1 local time, U Network’s project lead Ben EI-Baz participated in “CPC Cryptocurrency and Exchange Conference” held in Stanford University. Participants of the conference include: public key inventor, receiver of Turin award, the father of modern cryptography Whitfield Diffe; LinkedIn co-founder Eric Ly; WikiPedia co-founder Larry Sanger; Binance co-founder He Yi.

Ben spoke on the topic of “how to build a decentralized content publishing and price prediction protocol”. He also introduced the core protocol of U Network content on-chain, the consensus protocol PBFT and U Network on-chain’s first DApp U community.

→ Mar 25 local time, two of U Network co-founders attended a meeting in Hangzhou with U Network fans. The meetup was launched by core members of the U Network community. There were more than 60 attendants for the meetup, including many who came from other cities.

During the meetup, community members and the two co-founders discuss about “The influence of politics and economies of different countries on the future of blockchain development”. Many participants shared their own opinions.

→ Mar 30 local time, U Network was invited to participate in Silicon Valley-Global Blockchain Investment Summit, organized by HYSTA and GBIB.

The summit attracted BlockChain technology experts, top investors, outstanding startups, incubator and accelerator founders, to discuss about frontier topics like Blockchain technology, start-up and investment. Our goal was to facilitate deeper conversations amongst industrial leaders, promote resource sharing and discover collaboration opportunities.

Media

U Network co-Founder Yi Lu interviewed by Cointelegraph

Feb 26, pronounced crypto media Zone45 (45区) interviewed U Network project leader Ben, and published article “Blockchain + sample: forget about crypto investment, upvote makes money”. In addition, famous Korean media MoneyToday, Chinese media 36Kr (36氪) and Tencent Technology (腾讯科技) interviewed U Network subsequently.

Mar 19, Ben is interviewed in Stanford University by Tong Bu Cai Jing (《同步财经》)

Mar 21, ErDuoCaiJing (耳朵财经) telephone interviewed Ben. Ben explained about U Network project in details and shared his opinions on current development in the blockChain industry.

In March, LianDeDe ( 链得得) interviewed the two co-founders of U Network. This interview focused on and elaborated in depth on areas including: U Network’s rewarding mechanisms, solution to existing issues for UGC and blockchain content platforms, consensus protocol and price prediction for content.

Cooperation:

U Network investors include top overseas investment organizations:

Draper Dragon，DHVC，PreAngel，Block VC，Qtum，D Fund，aelf，Ink Labs Foundation，Bodhi，po.et， Bits Angel，Genaro Network，Hayek Capital, Crypto Parency，GBIC，BK Fund，Consensus Fintech Group，Wemeet Capital，Badwater Capital，Continue Capital，Everset Link Capital, Origin Capital, AlphaCoin Fund.

Partnership with projects like:

Genaro Network、Bodhi、Aelf、Scry.

These partners provide firm support on aspects like storage, prediction mechanism, trading cost and speed, smart contract on Information blockchain.

Exchanges we’re currently on （UUU）: Huobi HADAX , Bibox

We Are Hiring: Smart Contract Engineer, Android Engineer, iOS Engineer, PHP Engineer and Go Engineer.

Current situation of our community:

Telegram Official : 48 members

48 members Telegram English: 36528 members

Telegram Chinese: 9030 members

Twitter : 1146 members

1146 members Reddit: 75 members

In order to provide a better place for members who would like to ask and learn more details about U Network, we created a brand new telegram official group last week. Please enjoy our Telegram Official groups to build U Network Community together: https://t.me/UNetwork

Vision:

As a content oriented public blockchain, U Network is going to start by aggregating global digital assets information, following constructing a highly content-value driven UGC community. We will fully utilize distributed storage protocol of the blockchain to further decentralize the the platform service. We aim to attract more UGC community to our decentralized services, ultimately we aim to build a decentralized UGC ecosystem.

We are very much at the beginning of this journey.

Check Out Our Official Website Here and White Paper Here.