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$51,372
![Utility Network's Logo](https://s1.coincarp.com/logo/1/utility-network.png?style=72&v=1684719800)
Utility Network (UNC) Chart
Utility Network (UNC) Return On Investment(ROI)
Utility Network (UNC) Price Now
Utility Network price today is $0.0146 with a 24-hour trading volume of $51,372. UNC price is down -0.34% in the last 24 hours. .
What Is Utility Network(UNC)?
Utility network is a new distributed blockchain network technology based on Tensor Processing Unit (TPU) chip computational power that combines peer-to-peer payments and verifiable decentralized computation for parallel computation, revolutionizing the blockchain network ecosystem and computing market. Utility uses a consensus mechanism based on verifiable computational power with command signatures to enable secure, transparent and efficient transaction processing. At the same time, Utility provides more powerful hardware and software support for distributed computation by introducing execution virtual machines, Kubernetes, WASM and PyTorch integration, and cross-domain data scheduling. The Utility network builds consensus based on chip verifiable computation, combining proof of computational power with blockchain cryptography to further improve security and transparency of the system.
The Economic Model of Utility Network(UNC)
The economic model of utility network: it mainly concerns about the token cycle and computing ecology, including mining mechanism, token reduction, Gas and Burn Fee, machine time rental order and inference deployment order. Through this economic model, the Utility network achieves fair incentive allocation and rational resource utilization. In terms of future-oriented possibilities, Utility network supports more security engines by developing UP (Utility Proposal) to verify heterogeneous chips, storage chips and instruction support, computational storage, instruction sets and network devices to build an incentive network that takes full advantage of both storage and computation; and to realize privatized computation services so as to provide users with more diverse computing services. All the technologies, functions and expectation surrounding Utility network are concisely summarized in the following conclusion figure.
How Does Utility Network Work?
Utility Network is a decentralized computing service platform built on blockchain technology, which aims to solve the limitations of existing centralized computing resources and provide users with more efficient, secure and scalable computing services. The main technical features of the Utility network as described in details above include:
- Efficient consensus mechanism: Proof Of Computation Integrity (POCI) breaks the limits of previous model of computational power consumption, and achieves fast consensus and block generation through chip ownership and VRF for random number generation interval and verification, combined with multi-signature verification and roundbased pre-burst block election. Meanwhile, RPOI (Rent Proof Of Instructions) also ensures the effective rental and efficient use of computational power to promote the generation of distributed computational networks. On-chain block bursting state: the double verification of block bursters is accomplished by onchain computation through Computing Availability over Time(CAT) and POCI, avoiding malicious access and fairness and competition in electing block bursters, ensuring effective computational resource allocation while reducing the impact of the Byzantine General problem.
- Merkle State Machine off-chain data verification: Merkle Tree is a data storage structure used in the Utility network to relieve the pressure on the onchain data, transferring off-chain data to the Utility network through Rollup and activating the Merkle State Machine (MSM) to store the hash values of these data or the root node of the Merkle Tree in an orderly manner on the blockchain while enabling fast verification. This technology reduces the storage pressure on the blockchain network while ensuring the security and integrity of off-chain data.
- Virtualization and isolated execution environment: based on Arm framework driver and video memory virtualization support, the TPU chip is equipped with flexible sharing of computing tasks, improving the overall computing efficiency. The execution environment is combined with container technology to enable a highly isolated execution environment to ensure the security of computing services.
- Multiple execution VM support: including Solidity VM, Kubernetes integration, WASM integration, and PyTorch outreach computing support, building a feature-rich and compatible computing platform.
- Utility AI computational network: the Utility AI platform layer is mainly composed of four sub-platforms: a one-stop platform for debugging and training deployment of four AI centers, a unified scheduling and management platform for AI network tasks, a unified storage and management platform for AI network data, and an AI network data market. The goal is to build an innovative AI computing infrastructure with easy access to computing resources, efficient and unified scheduling of tasks, convenient and inexpensive invocation by users, and a sustainable development operation model and mechanism.
Utility Network (UNC) Community
- Twitter: https://twitter.com/UtilityNet_
- Telegram: https://t.me/UtilityNetorg
Utility Network FAQ
What is the price of Utility Network (UNC) coin?
The current Utility Network usd price is $0.0146. We update the Utility Network USD price in real time. Get live prices of Utility Network on different cryptocurrency exchanges around the world on Coincarp.
Is Utility Network (UNC) coin a good investment?
It depends on your personal risk tolerance and investment goals. Utility Network is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Utility Network investing, you will also need to understand the Utility Network project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Utility Network investing are by participating in Spot trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Utility Network (UNC) coin crypto?
You can buy Utility Network from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Utility Network. Cryptocurrency exchanges that currently support Utility Network trading include:
If there is any error, please feedback to us, our email is hello@coincarp.com. Please be aware that buying and selling Utility Network involves high risks.You should always do your own research and make sure you understand the risks associated with Utility Network trading before you begin.
How to short Utility Network (UNC) coin?
According to CoinCarp's tracking data, no crypto exchange yet supports Utility Network contracts or ETF trading. so you can't short Utility Network
What will Utility Network (UNC) coin be worth in 5 years?
It is impossible to predict what Utility Network will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Utility Network's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Utility Network 5 years from now.
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UNC Price Statistics
Utility Network Price
$0.0146
Price Change24h
$-0.00004974 0.34%
24h Low / 24h High
$0.0138 / $0.0152
Trading Volume 24h
$51,372
Volume/Market cap (24h)
--
Market Dominance
--
Market Cap
--
Fully Diluted Market Cap
--
7d Low / 7d High
$0.013 / $0.0267
30d Low / 30d High
$0.00706 / $0.0282
90d Low / 90d High
$0.00706 / $0.0309
52 Week Low / 52 Week High
$0.00706 / $0.0888
All Time High
$0.115
All Time Low
$0.00706