Four development stages of UltronGlow
At the beginning of the birth of Ethereum, the Ethereum team planned a 3–5 year path for her development, which is divided into four stages: Frontier, Homestead, Metropolis and Serenity. Just like Ethereum, the UltronGlow team has planned a 3–5 year development path for the development of the overall project, which are four stages: Origin, Ultraspace, Meta, and Edge:
UltronGlow’s public blockchain was launched on November 30, 2021. The very first version is called “Origin”, which uses the Proof-of-Stake consensus mechanism. “Origin” can only be accounted for at the beginning. The main function is to initiate the pledge node, allowing users more time to join UltronGlow, and at the same time let users join the campaign for the “Ultron Node”. Any pledge node can participate in the parliament. The system will hold an election in the parliament every 7 days. The 500 pledge nodes with the most assets will be selected as candidate nodes, and the “Ultron nodes” will be elected from the 500 pledge nodes. The transactions and the use of smart contracts begin after 1 month.
After the spring of 2022, the new consensus mechanism is Proof-of-Storage Resource, and a new algorithm that allows participants to provide storage resources to contribute is released, called “Ultraspace”. This upgrade gives users time to prepare for the supply of storage resources while attracting more users to provide storage resources to pave the way for the next stage. Users can get incentives while providing storage resources. The global storage resources will become UltronGlow’s distributed storage nodes.
“Meta” is the stage of extending the storage resources of “Ultraspace” and it is also the full version of UltronGlow 1.0 phrase. Users prepared their own storage resources in the previous stage, and at this stage, users’ storage resources will be able to trade. In short, users can provide fragmentation storage services, open storage services, etc. to consumers that needed. Consumers need to use UTG as a payment and UltronGlow will destroy the UTG paid by consumers and issues equivalent stable coins for SRT (Storage Resource Token) to calculate the service volume. The service party will get the corresponding UTG as an incentive, and this is why they say “Service is the principle of mining”. This is the third consensus mechanism of UltronGlow, which is called Proof-of-Traded Storage. The combination of the three consensus mechanisms is called GLOW. GLOW has a natural ecological cycle, with an incentive mechanism but also a destruction mechanism.
“Edge”, also known as “UltronGlow 2.0”, is the overall upgrade stage of the project. The main function add on is edge computing services, so that users’ CPU computing power is really used for real business instead of wasting resources purely for mining by consuming electric source. The emergence of “Edge” can truly realize the integration of the real world and the virtual world, that is, when users deploy any project in UltronGlow, they need computing power and storage space to store data, and all data is recorded on the UltronGlow blockchain. The basic framework of the true meta-universe.