UncleMine Verification and Layer

gallantmayor (53)in #crypto • 2 years ago

WHAT IS UncleMine?

UncleMine is the first fundraising, #DeFi, and #DAO platform supported by provable mining assets is. By using a zero-knowledge-based VMA Oracle, UncleMine puts both real and virtual mining assets into the on-chain ecosystem, allowing the Defi world's infrastructure resources to move freely.

OVERVIEW

UncleMine Protocol's main goal is to use cryptography technology to transform all forms of computing power into universal and verifiable on-chain proofs, realize the true mapping between off-chain computing power and on-chain smart contracts, and provide computing resources and power with liquidity, programmability, and composability.

UncleMine aims to redefine the type of computing power in the next-generation Internet by utilizing cryptographic technologies like zero-knowledge proof to integrate on-chain liquidity and off-chain computing resources, break down barriers between different off-chain computing resources and virtual worlds on blockchains, create a smooth financing channel to assist MA holders, and open to provide MA liquidity as a new on-chain asset.

Verification Layer

Trustlessly generate zero-knowledge proofs to prove the existence of computing power
Store proofs on-chain, with a scaleable layered storage method
Verification nodes also act as an decentralized oracle to update data to smart contracts on multiple blockchains

Application Layer

Mint computing power backed NFT that can be verified by anyone
Marketplace for all kinds of tokenized computing powers/assets
Standard oracle API for third-party applications, enabling innovative computing power backed DAPPs such as Decentralized Multi-Power Mining Pool, Initial Miner Offering, Computing Power DAO etc.

Incentive & Governance Layer