What is Umareum?

Umareum represents a blockchain project that capitalizes on the strengths of existing blockchain technology to achieve notable scalability, robust security, and near-instant transaction processing. This remarkable achievement is credited to our dedicated team of in-house blockchain developers, each boasting years of invaluable experience gained from prominent IT corporations and software development firms.

Umareum endeavors to democratize reputation tracking, particularly focusing on informal transactions. This undertaking is facilitated through the Umareum Chain, a specially tailored blockchain infrastructure designed for auditing and recording informal transactions, agreements, and data.

Umareum Vision

In the short term, Umareum's solution offers immediate and practical advantages. It simplifies and streamlines transactions, reducing confusion and disputes, thus enhancing operational efficiency and bolstering trust among users.

In the long term, Umareum aspires to create quantifiable and verifiable reputation metrics derived from informal transactions. This data has the potential to underpin non-collateralized financial instruments within the decentralized finance (DeFi) realm. By introducing transparency and reliability into informal transactions, Umareum aims to pave the way for innovative financial products and services that do not rely on traditional collateral.

Umareum is a blockchain project with a strong commitment to enhancing the transparency and trustworthiness of informal transactions, all while leveraging the power of blockchain technology. Our vision encompasses immediate benefits for transaction efficiency and long-term potential for revolutionizing the DeFi space with innovative financial solutions.

In conclusion

Umareum, a fast & scalable public blockchain purpose-built to help minimize business friction. Taraxa implements the following key technical innovations:

• Inclusive Block DAG protocol that maximizes throughput without sacrificing security

• Fair & Efficient Proposals to enable a POW system to produce fair, efficient, and non-coordinated block proposals

• Asynchronous Immediate Finality that eliminates the risk of state reversion and DAG reorganization

• Speculative Execution that speed up processing of stateless transactions

• Execution Layer Optimization which drastically increases the speed of VM execution