France, October 5, 2020 – Uniris, an Indo-French biometric-blockchain ID startup, has taken the leap towards decentralized exchanges (DEX) and is now successfully listed on Uniswap. The Uniris Coin (UCO) is presently listed on three other CEX (centralized exchanges) – Zebitex.com, Probit.com and Blockchain.io.
It has taken a while for the DEX to catch on, with the CEX taking center stage for most of crypto history. The recent popularity of DeFi (decentralized finance) has however put the spotlight on DEXs and Uniswap is currently the biggest DEX on Ethereum. With the trading protocol passing the USD 2 Billion mark in total value locked (TVL) last week, Uniswap presently surpasses the entire DeFi space in TVL.
Uniris Co-Founder and COO, Nilesh Patankar, has stated that Uniris’ commitment is towards “building a truly decentralized world where both financial and non-financial transactions are possible without compromising individual liberty or privacy.”
In addition, Uniris is also committed to their community of investors, miners (“Unirisers”) and strives to provide them with enough liquidity and global platforms to enable trade and investment.
“In this spirit, we are pleased to announce the UCO listing on Uniswap, a truly decentralized global platform that delivers on both our commitments,” adds Patankar.
Uniris Authenticates Your Identity with Just the Tip of your Finger!
The Uniris authentication solution uses biometrics to authenticate one’s identity. By scanning the venous network of the finger on any authorized authentication device, unique, individual keys are generated securely. These keys are used to decipher the decentralized keychain, and after use, are not stored but deleted.
This gives users full control of their credentials as there is no storage of keys or data and permissions are not needed from centralized authorities. Uniris’ decentralized ID paradigm ensures that identities are self-sovereign. This way, users do not have to hand over their personal data and companies and organizations do not have to carry the burden of data protection, a mutually beneficial arrangement that solves the prevailing privacy and data protection challenges.
Uniris Outperforms Current Market Standards
Through smart contracts, the Uniris blockchain is able to store, share and manage all the digital identities. In addition, transactions are secure, ultra-fast, and implemented on an energy-efficient blockchain.
The ARCH Consensus which stands for Atomic Rotating Commitment Heuristic is a powerful new consensus mechanism which backs the Uniris protocol built from scratch. The Uniris protocol outperforms current market standards on parameters such as:
- Ergonomics – A platform for all blockchain applications
- Scalability – Performs more than 1 Million transactions/sec
- Speed – Ultra-fast, needs less than 5 seconds to validate
- Security – Even with 90% of malicious nodes, there is 0.0000001% risk of fraud
- Sustainability – 3.6 Billion times less energy consumption than BTC 0.1% average translation costs
Officially Certified Solutions
The French National Council of Industry has certified rhe Uniris Public Blockchain and Uniris Biometric Authentication as forgery-proof authentication solutions without privacy disclosure.
Providing tamper-proof ID authentication, Uniris will play a significant role for security access at major events like the Olympic Games Paris 2024, Rugby World Cup 2023 and others.
Being an open-source protocol, Uniris is reportedly a favorite amongst researchers and developers from top academic institutions such as MIT, CNRS and Ecole Polytechnique, to name a few.
Uniris is a blockchain-based biometric ID authentication solution which allows users to take ownership of their personal identification data without loss of privacy. 4 years of research and 12 international patents later, Uniris breaks with precursor solutions by improving technology attributes in scalability, speed, security and sustainability.
Designed for mass adoption, Uniris is based on a new consensus of unbreakable ARCH (Atomic Rotating Commitment Heuristic) validation which allows an unlimited number of transactions. Using the venous network of the finger, Uniris embeds biometric, tamper-proof identification, validated over the blockchain, hence giving users control over their identities. Read the whitepaper to find out more.