Security

UMI is far superior to banks, fiat payment systems and even other cryptocurrencies in terms of security.

The network is protected against:

Hacks, leaks and unauthorized changes:

Decentralization, blockchain technology and cryptographic encryption keep UMI as secure as Bitcoin. The modern and secure cryptographic system eliminates the possibility of any manipulation and protects the network from hacker attacks that traditional payment systems are susceptible to. It is impossible to hack UMI. It is impossible to interfere with its work. It cannot be harmed.

51% attacks and other blockchain technology vulnerabilities:

Innovative Proof-of-Authority technology, combined with trusted master nodes, protects against even the network attacks that Bitcoin, Ethereum and other cryptocurrencies are susceptible to. No malicious node can connect to the network, so UMI is not threatened by Attack 51%, Nothing-at-Stake, attempts to create a longer blockchain, or centralization.

DDoS attacks (spam transactions):

Other coins protect themselves from DDoS attacks by way of commissions. This is the simplest and most obvious way - if you have to pay to make a transfer, it becomes unprofitable to spam the network by continuously chasing coins from one address to another. However, UMI goes further and provides a unique security model based on the PoW principle: to send a transaction to the network, the device needs to perform a small mathematical operation.

This is completely invisible to normal users. But if the network detects a DDoS attack, the task for the spammer's device becomes much more difficult. Until the attack becomes completely ineffective. In this case, the rest of the network participants are not affected by the countermeasures.

“DDoSing UMI is not just expensive and difficult. It is so expensive and difficult that it is practically impossible.

Protection against program failures:

The network does not use a “wallet.dat” file and there is no need to store anything electronically at all. This eliminates the possibility of losing coins due to a software glitch or computer hardware failure. UMI coins will always be safe and sound.

Fraud on the part of the UMI team:

UMI has completely open source code on both the network itself and the staking smart contract. Everything is completely transparent, honest and without any tricks. Anyone can audit the code without any problems. You don't have to trust anyone, not even the UMI team. Thanks to open source, the work of the network is visible as in the palm of your hand.

Coin “hijacking”:

Your coins belong only to you, and no one but you has access to them. Even during staking, you send coins to your own staking address.

Only you have access to your coins.