UltraNote Coin Whitepaper

‘’UltraNote has been designed to solve the core problems inherent to two of the most important aspects of everyone’s daily life which are; communication and exchanging money which require both privacy and security. ‘’

UltraNote is a secure and privacy centred open source digital asset which is accessible to all. With UltraNote you will not only take control over your freedom but also act as your own ‘’bank’’. You and only you will control and hold responsibility for your funds. Your accounts and transactions are kept private from intrusive eyes through peer to peer encryption technology. UltraNote uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing sensitive information about them. UltraNote transactions are private, untraceable and anonymous.

The UltraNote Blockchain is a mutually distributed ledger that creates, distributes, facilitates storage and finally executes the exchange of the cryptographic assets (XUN) via its wallets. The UltraNote Blockchain forms the ecosystem of the digital asset, which has been structured to deliver a set of financial and communication solutions. With UltraNote you will get to enjoy; enhanced security, greater utility (Desktop GUI, Online as well as mobile wallet), increased scalability (400+ TPS), wider acceptance, improved efficiency and above all unchallenged privacy. Similar to every blockchain platform, UltraNote payments are stored on the blockchain in order to keep the books balanced but the sender, recipient, and content of each transaction remain anonymous and untraceable. With the Self Destruct message feature you are guaranteed that your message transaction hash is destroyed making it simply inexistent on the blockchain.

At the heart of the system is an optimised version of Bitcoin, offering a fully decentralized open source digital asset which allows enthusiasts to contribute to its development and moreover help bring new ideas to the table on a highly empowering and individual level. With the core principles of the Digital Assets system in mind, the UltraNote platform has been designed to increase global prosperity through improvements in the quality and efficiency of its asset exchange. In addition to the Anonymous and Untraceable Funds Transfer facility, UltraNote wallet offers a P2P Encrypted Messaging with IPFS Encrypted File Transfer Service, Bank like facility such as Deposit for Interest of 3% per year and Integrated CPU Wallet Mining. Within the UltraNote ecosystem; Individuals, Businesses, Cooperatives and Merchants can freely exchange UltraNote coins for payments, Deposit Coins as a Store of Value as well as transfer Confidential Data such as video, voice recordings as well as confidential documents without the involvement of indiscrete 3rd parties like email service providers, banks or governmental institutions.

Furthermore instead of establishing value on UltraNote assets via government backing or declarations from regulating bodies, unlike accustomed commodities like gold or oil, the value of UltraNote is solely based on the quality and soundness of the ecosystem. In a world where governments dictate our financial activities, monitor our communications and data collection institutions stealing our private data from social media and regular service providers; offering an environment of Trust, anonymity and total self-sufficiency is fundamental to UltraNote. Putting the community first, ultimately through mass adoption, a more efficient and better-calibrated system of value will be established to promote prosperity and privacy among a larger and more diverse global population.

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