Universa provides a blockchain protocol that enables over 20,000 transactions per second with significantly lower costs compared to traditional blockchains like Bitcoin and Ethereum. It addresses the inefficiencies of slow and expensive transactions by offering a customizable platform for real-time smart contracts and decentralized applications.
Funding
$28M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing blockchain solutions often suffer from slow transaction speeds and high costs, hindering their usability for real-time applications and high-volume transactions. Current smart contract implementations can also be complex and inefficient.
Solution
Universa offers a blockchain protocol designed for high-speed, low-cost transactions, enabling real-time smart contracts and decentralized applications. The platform achieves significantly higher transaction throughput compared to traditional blockchains like Bitcoin and Ethereum. Universa's architecture aims to provide a customizable and scalable solution for businesses seeking to leverage blockchain technology without the limitations of existing systems. The protocol supports the creation of applications and blockchains with simple integration, low transaction costs, and efficient smart contract execution.
Target Audience
The primary target audience includes enterprises and developers seeking a fast, scalable, and cost-effective blockchain platform for various applications, including real-time payments, smart contracts, and decentralized applications.
Features
- High transaction speed, capable of over 20,000 transactions per second
- Low transaction costs compared to Bitcoin and Ethereum
- Simple protocol for application and blockchain creation
- UTN digital asset for real-time contracts and applications
- Support for real-time global payments
- Multisig and escrow functionality
- Offline transaction support
- Compatibility with Android devices via a light client