UDAP is a blockchain abstraction layer that can significantly reduce the cost of creating asset-oriented appl
UDAP is a blockchain abstraction layer that can significantly reduce the cost of creating asset-oriented applications, both in development time and in runtime In UMedia, all songs are copyrighted by the Re-Encryption modules UDAP Proxy (PRE) PRE schemes are cryptographic systems that allow third parties to change encrypted content that has been encrypted to one party so that it can be decrypted by another PRE ensures that no one can download a song for free, and shared music does not can be shared with other parties. You can also share the music purchased for your friend, but you can not listen to the song during this time.
UDAP also uses the State Channel to solve the blockchain’s latency and privacy problems State channels are basically two-way paths open between two users who wish to communicate with one another in the form of transactions. Each channel participant signs these transactions with their private key to ensure that they are undeniably true and authorized. Thus, users can buy and receive music instantly, it is the experience of Internet users This is also a free user solution, since users do not need to pay the gas fee if they do not want to send the transaction to blockchain E no one also knows about the transaction, which gives users (or musicians) an option if they do not want to divulge the transaction a unique style asset portfolio ERC721 and UDAP Supporting the ERC20 and ERC721 token patterns, people can easily manage application assets personal assets, debts, etc. in blockchain or state channels case An application repository Harvest Wallet is also an extensible plug-in architecture. It supports a large number of third-party applications that generate a wide variety of case features An ecosystem It provides a programmable user interface for third-party applications to develop a complete user experience Simple asset transfers Obtain permission to transfer Redeem tickets Marketplace Support transactions multi-sig The MVP version of Harvest Wallet is released on Android now and you can create and transfer notes, invoices and associations in the blockchain. Please join our public testing event Valuable decentralized resources that do not require heavy investments in blockchain technologies UDAP defines convenient APIs for traditional vertical applications.
This allows them to integrate with blockchains. An additional benefit to application developers is that a deep understanding of blockchain and decentralization technologies is not necessary. Quick, cheap, and secure integration with public blockchains without specific blocking UDAP implements State Channel technology to solve some of the more challenging problems with the development and execution of Blockchain-based applications. State Channel technology offers high scalability, low cost, privacy protection and immediate response Application Portfolio with in-currency and Intelligent Contracts that provide asset life cycle management, including some common business models such as buying and selling, rental , auction, pledge, etc., and single search capability. An EVM smart contract structure that provides a standard tokenizing model of non-fungible assets. It contains a contract definition for a single item, a portfolio for those items, interfaces to other standards. token, such as ERC20 and ERC721, and primitives for decentralized negotiation of single assets with a single basic asset contract and the design A part of the asset is exclusively associated with an intelligent contract account. The account is the asset’s home. People can easily scan information about this token through public services like Etherscan. The owner of the single token must be another smart contract account, called ISingularWallet. There is no direct way for EOAs to have Singular tokens. This project is largely in the same direction as the Ethereum account abstraction model (discussion) that can be implemented in a future version of the Ethereum Must support push property transfer and get ownership transfer patterns. In a one-step transfer, the current owner can pass a token ownership offer to the receiving account, and the receiving account may choose to accept or reject the offer in the same transaction. In a two-step transfer of ownership, however, the current owner reserves the token for the next owner in a transaction. The token address is passed to the out-of-band receiver. The receiver issues a separate transaction to accept the offer, since detIt states that the offer is of interest to you. Operators The ISingularWallet account can designate operators to assist in property transfers. Having an operator to manage the asset token on behalf of the owner is a standard that has been accepted by some other proposals such as ERC721 and ERC777 As people found it convenient to handle the token trade The current owner of the token can name an operator for the next change of ownership. But setting the operators directly on the token is polluting the Timelock token interface.
When an owner makes a property offer to another person by calling the approveReceiver function, there is a mandatory argument for the expiration time, during which the receiver can take ownership of the property. will invoking accept on the token, which in turn will send a notification to the previous owner for any status update you wish or even another action A critical design is that the owner can not change his mind during the offer period This is essentially a blocking time for the transaction In contrast, neither ERC20 nor ERC721 or any of its derivatives offer built-in time blocks for property trading Token exchange and the sale of tokens is implemented with an Intermediary TradeExecutor, which is a contract state that is deployed at a well-known address and is trusted by Si ngulars for property management Adapters were built to wrap the tokens in ERC20 and ERC721 as tradables. This allows you to build the decentralized asset swap in a straightforward way but for more information visit the website and read the white paper for more technical details
WEB: https://simplybrand.io
WhitePaper: https://www.udap.io/whitepapers/UDAP-Whitepaper-English-v08.pdf
https://twitter.com/udapfoundation
https://www.facebook.com/udapfoundation
https://t.me/udapcommunity
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Author by Danielpes
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