The post-Bitcoin era welcomes PLC Ultima Blockchain with mobile phone mining
Can a cryptocurrency mining farm fit in a pocket? The team behind a new blockchain-based ecosystem called PLC Ultima answers this question “yes”, as they developed special mobile apps that allow users to create new coins on their smartphones.
Mining usually requires powerful computers. Smartphones and other mobile gadgets cannot physically offer a large amount of computing power. But as it turned out, this problem can be solved at the code level using special algorithms.
Say no to energy-intensive mining
The development team of the PLC Ultima ecosystem, based on the stable, fast and cyber attack-resistant Litecoin blockchain and strengthened by the CryptoNight hashing algorithm used by Bitcoin and Monero, developed an additional smartphone converter called Middleware. It provides users with a lightweight wallet for mobile devices capable of downloading core data from the blockchain and converting it to lightweight data on smartphones. Furthermore, this cutting-edge technology paved the way for creating a lightweight coining mobile app. Minting is a more energy-efficient version of the proof-of-work consensus mechanism for creating new coins that does not require special computing equipment.
Unlike Bitcoin miners who need to buy expensive equipment, miners in the PLC Ultima ecosystem only need to register new accounts, download special apps (Ultima Farm and Ultima Wallet) on their smartphones and freeze a certain number of native coins in the ecosystem. Then they choose which digital certificate, i.e. a kind of subscription plan, suits their goals, buy it and get access to the embossing technology for about a year. The higher the level of digital certificate, the higher the number of coins they can freeze in the wallet, and the more coins can be received as a reward. PLC Ultima operates two native coins, PLCU and PLCUX. Both will be embossed, but currently only PLCUX is available for embossing for new users.
Every month, users receive rewards for their contribution to the ecosystem. Rewards are distributed via a special smart contract and correspond to the number of frozen coins in the wallet.
Welcome to the world of decentralized fintech
All minted and stored coins can be used in the PLC Ultima ecosystem, as it is home to a dozen high-performing e-commerce and crowdfunding services. By 2021, around 700,000 people from more than 120 countries around the world have already registered as members of the PLC Ultima ecosystem. In September 2022, the number of active users exceeded 1.5 million.
The meteoric increase in traffic is due to the outstanding services found in the PLC Ultima ecosystem. The blockchain-based crowdfunding platform called Platin Hero and the global e-commerce marketplace PlatinDeal are the main magnets for users.
Platin Hero with its blockchain-based process of raising funds ensures maximum transparency and helps maintain trust between the donor and the project. Unlike other crowdfunding platforms, whose users were often cheated, Platin Hero makes a crowdfunding process beneficial for all parties. Projects gain access to a multi-thousand audience of the PLC Ultima ecosystem, receive free promotion and funding of their ideas, while donors receive rewards from projects and a 10% bonus of the amount they contributed. At the end, PlatinDeal provides users with a handy classifieds platform with a friendly customer interface. Users can start their own digital stores with a few clicks, sell goods or services, or shop and pay for their shopping carts with cryptocurrency.
PLC Ultima defines its mission as improving the quality of life, and is primarily an accessible, user-friendly ecosystem with a number of services that are essential in everyday life. The project was run by Alex Reinhardt, a venture investor, economist, entrepreneur who launched dozens of startups and fintech platforms.
