What is Ultra?
Ultra describes itself as a blockchain-based entertainment platform for computer games, providing various industry services that benefit gamers and game developers alike. The ecosystem is essentially an open marketplace where users can resell their games and items and earn money by participating in the Ultra network. Meanwhile, game developers can benefit from new revenue models, software development kits and blockchain tools that underpin game features such as item distribution. The Ultra protocol is based on EOSIO, a next-generation technology developed by Daniel Larimer, the software engineer behind the SteemIt and BitShares blockchains. The protocol is based on the concept of a meta-universe, appealing to both gamers and game developers.
For gamers, downloading an app and setting up an account is as easy as on any other traditional platform. Thus, the recovery phrases and even the concept of setting up and configuring a blockchain wallet are hidden from the user, and the secret keys are protected by Ultra's own decentralized, user-friendly key recovery technology. The platform acts as a kind of user-friendly operating system, filled with marketable features and functions. UOS is a proprietary token that supports the Ultra network. It is a service token tied to the platform, powered by blockchain vendors and a resource model called 'superpower'. The network boasts instant free transactions, a block time of 0.5 seconds and a throughput of 12,000 transactions per second (TPS). The official TPS document claims that Ultra intends to reach more than 100,000 transactions per second.