UDAP

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UDAP

universal decentralized asset platform

UDAP is a blockchain abstraction layer that can significantly reduce the cost of building asset-oriented applications, both in development and runtime.

Also, UDAP is used as a layer of these things: asset tokensization; transaction notaryization; adjudication of contracts in the event of a dispute.

UDAP is an asset-based blockchain protocol that can significantly reduce the cost of creating resource-oriented applications, both during development and processing time. For application developers and for making strong blockchain based applications without writing any smart contracts, an Asset Wallet is created. This service helps applications quickly mark in-game resources such as tickets, IP rights, certificates, and game resources. It also helps applications to create currencies in the application.

Traditional ERP systems have established their asset models based on centralized storage and computing. An asset model is an asset abstraction made from their issuers that manages the asset management, operating, and security systems. Unlike traditional FKZ, UDAP asset models focus on standardization, interoperability, security, confidentiality, and the authenticity of assets.

Source: https://www.udap.io/whitepapers/UDAP-Whitepaper-English-v08.pdf

This service implements state channel technology to help applications properly distribute the logic of their application between chains and outside chains to achieve the best efficiency of the chain and persistence in the chain. This is very important to minimize costs and ensure the best user experience. Technically, UDAP provides several modules to accelerate application development, such as: Service Mark, to manage the full life cycle of crypto token assets. Applications can directly register based on blockchain chain assets and offer embedded markets for their customers. Public service channels to allow applications to do mostly offline operations and provide basic blockchain, such as ETH. The confidentiality of this service is to conceal asset ownership using signature technology. Securely distribute content to digital content assets using proxy re-encryption technology. Foreign exchange services for decentralized asset trading, including applications for various currencies and token assets. Universal wallet for various mobile user interfaces.

UDAP has designed Singular to adapt to token transfer patterns and pull tokens. The core is the asynchronous pattern of supply / acceptance, which is an interactive process:

1. The sender makes an offer to transfer ownership of the token to the recipient by agreeing to accept the Singular token , with the time key

2. The recipient, after relying on the above facts, will verify the contents of the contract and check the current situation, such as the current owner, intended recipient, and expiration date. The recipient will also check the metadata associated with the token before taking further action on the offer. After everything looks good, the recipient’s problem receives () on Singular to complete the transaction.

. UDAP not only imports assets from third party applications, but also allows users to create personal digital applications from encrypted assets directly in their wallets. UDAP Foundation launches UDAP tokens , stands for UPX. UPX Tokens will be used to make the contributions needed to become UDAP customer service centers. Transaction fees, payments for gas (i.e. smart contracts, execution of payments) and standing payments for storage, as a rule, are collected in UPX tokens. UPX tokens are implemented using the ETHEREUM ERC20 standard. The total bid is 10,000,000,000. You can get more detailed information from the project’s technical documentation, as well as submit your questions in a telegram chat or in the main forum thread. All good and lucky