Be a part of the journey!
Umbru aims to provide users and developers a first class experience while employing next generation tools and software.
The technologies and protocols of the Umbru network allow for decentralized, self funding governance platform. It also allows for tools and software to be developed to expand and enhance features on the network.
What is Umbru?
Umbru launched with no ICO, no premine, development funds or fees and is secured by Proof-of-Work and chainlocks to ensure a fair distribution.
The Umbru network utilizes 'Masternodes' to ensure a decentralized consensus is formed. These Masternodes allow get paid for services rendered and enable multiple features on the Umbru network.
Anyone can make proposals for the monthly budget, which is voted on by Masternode holders. 10% of each block reward is held by the network to pay out these proposals monthly.
Umbru's choice on how to solve two important problems in cryptocurrency: governance and funding.
Governance in a decentralized project is difficult, because by definition there are no central authorities to make decisions for the project. In Umbru, such decisions are made by the network, that is, by the owners of masternodes.
The governance system allows each masternode to vote once (yes/no/abstain) for each proposal. If a proposal passes, it can then be implemented (or not) by Umbru's developers.
Umbru uses the X25X Proof-of-Work algorithm, which is an ASIC, FPGA, Quantam Resistant algorithm ensuring a further decentralized network.
A feature provided by the Umbru Network that creates an environment without the risk of “Blockchain Reorganization Events”.
Users are rewarded for running and maintaining special servers called masternodes. Due to this two tier network, Umbru can offer innovative features in a trust-less and decentralized way.
10% of each block reward is held by the network, these funds are then voted on by Masternode holders to pay out created proposals monthly.
Technical blockchain and network related specifications.
Halving every 12 months
+5% each month to max 50%
Umbru labs is a proposal established by the developers, which aims to use funds from the budget to conduct research, development and expand on the idea of decentralization.