UMI is a decentralized cryptocurrency with an open source code that allows you to run instant, free and secure transactions anywhere on the globe. The UMI blockchain is based on an improved Proof-of-Authority consensus algorithm that has helped us achieve a record throughput of 65,535 transactions per second (TPS), without sacrificing the decentralization principles. The UMI blockchain is the first and currently the only blockchain that’s demonstrated such a high speed in the main network.
UMI is also a blockchain platform capable of executing smart contracts of any level of complexity. UMI’s high-tech nature allows us to use it to create the most versatile solutions in DeFi, GameFi and NFT. This has enabled us to launch a whole DeFi universe — UMI OneApp — that is successfully operating and growing on the UMI network. It’s a platform designed to work with various decentralized solutions based on different blockchains and it actually unites the entire cryptomarket in a single place.