UnA uses a unique ring signature technology developed by CryptoNote, which means that transactions are completely untraceable. Users are however able to adjust their anonymity levels for each transaction, with larger transactions requiring more transparency in order to prevent fraud.
UnA's unique algorithm ensures that transactions are confirmed within 90 seconds. Each new block size depends on how quickly the previous block was filled, ensuring better scalability.
Low Energy Consumption
Mining UnA requires little electricity. We believe in equality, therefore only a medium level CPU is needed to confirm transactions. This is possible through the utilization of CryptoNote’s Egalitarian proof of work, leading to a more equal distribution of coins.
By using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to an address, they can only be redeemed by the receiver; and it would be impossible to cross-link these payments.
The supply of UnA is linked to the African GDP in quantity (not in value). Most coins have a fixed supply, which leads to significant increases in value over time. These values make it difficult for the currencies to be used in real world environments since It causes product pricing difficulties. UnA’s dynamic supply will ensure that supply better meets demand, ensuring a more stable increase in value.
Integrated Wallet Mining
The UnA wallet is unlike any other since it features mining integration directly into the wallet. This serves as an incentive for simply using our wallet, and encourages user engagement. There is thus no need for separate and expensive mining equipment setups, mining pools, or any technical knowledge. Our focus remains on equality and simplicity.