UMI Legend WhitePaper
en
ruen
en
ruen
  • Briefly: main features of UMI
  • UMI Mission
  • Tokenomics
  • Unique features
    • An ecosystem of many different products
    • Instant transactions without commissions
    • Staking with dosed withdrawal
    • Monthly overflows
  • Technology
    • Main technical features
    • Consensus Algorithm, Nodes and Blocks
    • Complete decentralization
    • Addresses
    • Transactions
    • Smart contract
    • Security
  • UMI is your future in the present
  • Useful links
Powered by GitBook
On this page
  1. Technology

Addresses

Information about all public addresses is stored in the UMI network, and private keys are generated directly from passphrases.

The UMI base address is 34 bytes long. The first 4 bytes are responsible for the address format, the next 30 bytes are the public key. There are 2 types of standard addresses:

umitrade - trading address. Coins on the balance do not increase, there are no restrictions on transfers, coins are overflown to staking address once a month on the 1st day of the month.

umistake - staking address. Coins on the balance increase according to the logic of the smart contract, there is a limit on withdrawals: up to 1/10th of the balance amount for a period of 30 days. Staking on such addresses is credited every millisecond. Coins don't overflow on this address.

Special types of addresses:

  • Dev Wallet - staking generates coins to the team's address and is used to maintain and develop the UMI blockchain, the infrastructure around it and bonuses for specialists. Coins on this address don't overflow and are not subject to withdrawal restrictions.

  • Profit Wallet - Coins are staked for the overall development of UMI, including technical development, launching promotions and active marketing. Coins at this address don't overflow and are not subject to withdrawal restrictions.

  • Royalty Wallet - coins are staked to fund new and existing products of the UMI ecosystem for its expansion. Coins at this address don't overflow and are not subject to withdrawal restrictions.

  • Transit Wallet - additional technical addresses, coins on them can also be staked, are not subject to overflow and withdrawal restrictions. Such addresses are used only in official products of the UMI ecosystem and can be created in different quantities.

There are no other types of addresses in the UMI network. Their creation is not possible.

PreviousComplete decentralizationNextTransactions

Last updated 1 month ago