We are ready to announce our newest strategic alliance with the team of JURA — a new generation of blockhain that enables super-fast transactions, maximum scalability and security through self-regulation.

What is JURA?

The JURA team has analyzed the strengths and weaknesses of today’s advanced technology and is now working on creating the Jura Network technology. The Jura Network technology consists of 4 main components: Fusus data structure, Proof of Utility, Sharding and artificial intelligence.

Let us take a closer look at the Proof of Utility as one of the 4 components.

It is well known that Proof of Work, Proof of Stake or Delegated Proof of Stake are the most commonly used consensus mechanisms. However, these mechanisms have a number of limitations and weaknesses. The Jura Network team has designed a consensus mechanism called the Proof of Utility (PoU). According to this mechanism, the utility score of each individual is calculated based on 4 reliable factors about the user: amount of holdings, time spent on the account, average transaction frequency and transaction time in the last transaction.

You can find more detailed description and explanation in their White Paper.

Why JURA?

The Jura protocol is feeless, ultrafast, and provides the decentralized security required for users to rest certain that their transactions are safe.

We are excited to work together with a highly professional team. We are impressed by the fact that the team members graduated from famous universities such as MIT, Princeton, Harvard, Columbia, and worked for companies like Google, Yahoo and Boeing.

It is worth noting that the project is ambitious and active, with almost 40 thousand users in the Telegram community. The Jura Network project is getting wide attention from many people and the administrators of the community are working devotedly to raise awareness about the project.

What can we expect from the partnership?

Innovation and adaptability are the strongest points of the project. Thus, we are looking forward to collaborating with the team, first of all, in terms of exchanging ideas. We hope that the partnership will be mutually beneficial and, of course, we are excited to use the ultrafast, feeless and autunomous JURA Ecosystem.

_____

Follow PopulStay on Telegram and Twitter to be closer to the project!