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Uwezocoin is an open decentralized secure cryptocurrency like Bitcoin. It is based on the scrypt proof-of-work algorithm. New blocks are generated every 60 seconds. Block Reward is 30 coins. Difficulty is re-targeted after 10 blocks using the Kimoto Gravity Well algorithm (KGW).
Uwezocoin provides instant worldwide privacy protected transactions and untraceable encrypted messaging transfers with almost zero processing fees in decentralized peer-to-peer users network. Blockchain secures the UWC network and empowers individuals to control their own finances and information. Your private key is your bank account, with no censorship and surveillance.
Nobody owns or controls Uwezocoin, it uses peer-to-peer technology and fair ASIC-resistant PoW mining process to operate with no central authority.
Unlike money issued by governments, there is a finite number of Uwezocoins, ensuring they cannot be affected by inflation and are impossible to counterfeit. Because cryptocurrencies are not tied to any particular country or central bank, the value of the coin depends on factors such as usability, demand and supply.
Transactions between Uwezocoin users are carried out through the Internet. Transaction privacy is protected by secure cryptographic algorithms whereby no one can identify who sent the money, who the receiver was, and what amount of money was transferred.
Uwezocoin transactions processing is done by the whole network of users. Yet no participant has access to the transaction details. All transfers are fully anonymous.
The transactions processing requires a considerable amount of computational resources. Those users who joined the network may allocate time of their computers for transaction processing. As a reward they receive UWC. Such process is called mining.
Uwezocoin Mining is an open process which employs computing powers of all network members. Any user can join the Uwezocoin network and take part in the Mining process (thus, becoming a miner).
Mining in the network results in creation of new money, which serves as the reward for users who employ their computing power in order to process transactions.
All transactions are carried out each 60 seconds. Miners ensure that the transactions are processed correctly and provide cryptographic protection of transactions and personal data. However, miners cannot access users’ financial data since Uwezocoin protects the identity of the sender and the receiver, and conceals the sum transferred.
As a reward, miners receive roughly 30 UWC each 60 seconds. Such approach allows both new money Mining and zero-fee transactions.
Partnerships are an important part of our business, which is why we have introduced the most powerful blockchain that performs more transactions than global credit card providers.
In line with our vision to create a mass market for Uwezocoin, we aim to ensure global usage for the coin. Uwezocoin is the best cryptocurrency for merchants – easy to use and with a blockchain running every minute
The reliability of Uwezocoin is defined by total computational power of all the computers that take part in transactions processing. The greater the processing power, the more reliable the network.
In so doing all money stored in your wallet is already protected during the transaction processing and the safety doesn’t depend on network reliability. Your money is safe anyway.
There are a few things that you need to know in order to use it securely and avoid common pitfalls.
Coin Name: Uwezocoin
Total coins: 840 Million UWC.
Block time: 60 seconds.
Coin abbreviation: UWC
Coin type: POW
Reward: 30 Coin Per Block
Uwezoland is a social Network platform where users can create and share content on Uwezoland just like other social media platforms (e.g. Facebook or Twitter) and get rewarded in uwezocoin for their work.
Uwezoland is a community-driven project developed with the user’s best interest at heart. Minimalistic design and user-friendly interface are making this network a pleasure to work with.
We believe that freedom of expression, access to information, and privacy are fundamental human rights that should be respected on the Internet as well as in real life. Popular social media networks fail to uphold the ideal of freedom of expression. We think that the centralized architecture of popular social networks puts them in a situation where complying with censorship laws and regulations is a necessity if they are to stay in business. That is why Uwezoland is different.
A constantly growing user base is the key to a successful social network. We think our unique selling point will attract photos & video-lovers easily, but we will include a paid referral system to incentivise your friends and family to join Uwezoland.
Uwezoland is built together with its users. Together, we’re shaping the future of Uwezoland, and creating a new type of social network governed by its own users.
UwezoPay is a Crypto Payment Platform that allows people who have Uwezocoin to spend them on various fiat based online services and stores without losing value on the exchange.
The owners of online-stores will be able to accept Uwezocoin for payment, while not losing part of their profits due to variation of Uwezocoin rate.
Majority of cryptocurrencies’ holders have accepted it as a tool for speculative actions on crypto exchange, where prominent players having great assets may create favorable for them situations on the market, and to gain profit at the expense of small players in the market. Under such circumstances decentralized currency loses its business sense.
Having listed the advantages of the decentralized currency, UwezoPay platform offers favorable operating terms for both the merchants and consumers, therewith increasing turnover share of cryptocurrencies in business.
We can change the perception of the crux of cryptocurrencies from the tool of speculation to full-value currency, by which payment both in Online-store for purchase of telephone and in restaurant for a cup of coffee can be made.