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EtherUniverse raised another $10million to become the leader in Underlying cross-chain project

The underlying cross-chain project EtherUniverse (ETU) recently announced that it has raised over $10 million in its latest funding.

July 17, 2018 /PressReleaseAgency/

The underlying cross-chain project EtherUniverse (ETU) recently announced that it has raised over $10 million in its latest funding, led by GeekBeans Capital, TOPFUND, Yunshan Capital, ChainBeans Capital, BITWISH Capital and a number of other well-known institutions in the industry.

EtherUniverse has been favored by increasing industry insiders, not only because of its relatively high public attention ,but also for its precise market positioning, strong commercial potential and perfect technical concept.The GeekBeans Capital, who was in the lead of the investment, has been focusing on the investment and incubation of the blockchain industry for long. Its investment layout covers almost all the links in the industry, including Maya mining machine, ZAG wallet, All-in Institute,etc. EtherUniverse is one of the few public-chain projects invested by the agency. As its founder Zhang Yiyun said in an interview, cross-chian technology and the balance decentralization and efficiency, will produce the next major breakthrough for the blockchain industry – which is why he is optimistic about the EtherUniverse.

Cross-chain technology is deemed as one of the irreversible trends of blockchain technology in 2018. Among the many problems faced by blockchain, the interoperability between blockchains greatly restricts the application of blockchains, thus making cross-chain technology the key to achieving the Value Internet. It is a good way to save the blockchain from scattered islands, thus is regarded as a bridge for the expansion and connection of the blockchain.

Here is a simple and clear example about why this matters. Anyone who has played Tencent games must know well about the trading system in the game. Different games have different trading systems that are independent of each other, for example, the trading system in DNF can only target DNF, and that of QQ speed can be used in QQ speed. The two games are not circulated to each other. In order to complete a cross-game transactions of the two games, which refers to like the exchange of money in the DNF for the QQ speed ticket, there must be someone recognizing the value of these two games at the same time.

The nature of the cross-chain technology is the same as the virtual currency exchange in different games. The exchange does not change the total value of the digital currency itself, so you can see the the cross-chain technoloy actually works an exchange platform, if defined from the business perspective. The main point of the cross-chain is to help users from one chain to trade with users from another.

As the world's first high-performance cross-chain service platform adopting DPoS mechanism, EtherUniverse successfully achieved the balance of security, high performance and decentralization of blockchain, and supports more than 700 digital currency in peer-to-peer exchange, which shows great commercial potential.

The development team of EtherUniverse believes that blockchain is not as complex and difficult as many people might think. It is is not a all-new technology that is “out of nothing”. In fact, most of the key technologies involved – graphene/cryptography/encryption technology – have existed for a long time and are already mature. What matters in designing and achieving a good blockchain is imagination, which can break the inherent imprisonment, let the limited combination renew its vitality and uncover the true commercial value.

There are also some eager candidates who are already exploring cross-chain technology. Currently there are three main directions: 1、notary technology 2、relay/sidechain technology 3、hash lock technology. However, it is safe to say there are no real winner in the competition so far, as each of them has their own shortcoming as well as benefit.

EtherUniverse has made bold innovations in technology, pioneering the “notary public mechanism + side chain” hybrid technology in the world, in which side chain to achieve efficient communication, and the notary mechanism to achieve rapid value exchange. The ETU main chain performs cross-chain trading and cross-chain applications, while introduce logical sub-chain that are bidirectional anchored to be compatible with different blockchains, thereby realizing asset locking and transfer in different blockchains.

In addition, EtherUniverse (ETU) also introduces miners, notaries and guarantors to participate in transaction verification. The addition of trust nodes assists in verification and improves the stability and security of the entire system. EtherUniverse scored 85 points in the evaluations made by some evaluation agencies, which juxtaposed with some star projects such as ADA/EOS. Many people believe it quite promising in the future.

At present, after launched for just four months, the members of EtherUniverse’s telegram community have reached 180,000+, ranking among the top 8 in global blockchain community, second only to the star projects such as Bitcoin, Ethereum, Ripple and EOS,. Its fans are mainly in Vietnam and Indonesia. South Korea, China, Russia, the United States and other countries. At present, EtherUniverse has more than 13,000 fans, and 15,000+ followers on its WeChat public platform, which is quite good especially for a relatively young project.

According to the roadmap published in its white paper, EtherUniverse (ETU) will launch on the top five exchange platforms at the end of this month, and the deployment of SuperNodes will begin in Q3. In 2019 Q1 it is expected to release the first beta version and open source on Github. The Beta 1.0 version of its cross-chain wallet will be released in April of the same year, and the main network test will be conducted in June.

The ultimate vision of EtherUniverse is to create a globally influential open-source cross-chain ecosystem that applies cross-chain techniques to industries such as finance/industrial/commercial/real estate/internet, thus building the bridge of blockchains and businesses through distributed systems. Imagine that one day, whether it is the physical assets that have been anchored in the blockchain, or the various virtual assets held in our wallets, all of which can interact freely through cross-chain technology without any intermediary or crisis of trust. That is a genuine "the Brave New World."

Contact Info:
Name: Media Relations
Organization: EtherUniverse

Source URL: https://marketersmedia.com/etheruniverse-raised-another-10million-to-become-the-leader-in-underlying-cross-chain-project/379488

For more information, please visit http://etu.link

Source: PressReleaseAgency

Release ID: 379488

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