Ulord Project Progress (From July 29, 2021 to August 4, 2021)

Welcome to contact us. Email: service@ulord.one, or @ulordchain on GitHub or Twitter. Your suggestions are very important to us. We look forward to your support and participation.

Technical Progress

Ulord

1. Study DAG technology, used DAG technology to manage transactions, and designed a fast transaction confirmation algorithm based on DAG technology.

2. Researched node trust mechanism, designed the process and algorithm of building credit system, program credit system API interface.

UDFS

1.Optimized the ZK-SNARK algorithm, and tested the efficiency of the optimized algorithm on Xeon Gold ,the current test situation was improved by 9%.

2.The content distribution service was studied to improve the efficiency of data distribution and data download.

Product Progress

The display interface of Ulord APP was optimized.

Terminology

Smart Contract: Smart contract as early as at the end of last century have been proposed, but only in recent years, with the development of the blockchain technology gradually familiar with by society in general, the concept of smart contracts have promise, agreement, digital form three main factors, so to be able to blockchain extended to the application scope of the financial industry trading, payment, settlement and the settlement of each link. Smart contracts are contracts that, when a preprogrammed condition is triggered, immediately execute the corresponding contract terms. They work like if-then statements in computer programs.

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