Post-Bitcoin Era Welcomes PLC Ultima Blockchain With Mining On Mobile Phones

Can a cryptocurrency mining farm fit in a pocket? The team behind a new blockchain-based ecosystem called PLC Ultima answers “yes” to this question, as they have developed special mobile apps that allow users to create new coins on their smartphones.

Mining usually requires powerful computer machines. Smartphones and other mobile gadgets physically cannot offer a large amount of computing power. But it turned out that this problem can be solved at the code level using special algorithms.

Say “no” to energy-intensive mining

The development team of the Ultima PLC ecosystem, based on the stable, fast and cyber-resistant Litecoin blockchain and enhanced by the CryptoNight hashing algorithm used by Bitcoin and Monero, has developed an auxiliary smartphone converter called Middleware. It offers users a lightweight wallet for mobile devices capable of downloading basic blockchain data and converting it into lightweight data on smartphones. Moreover, this advanced technology has paved the way for the creation of a light typing mobile application. Minting is a more energy-efficient version of the proof-of-work consensus mechanism of creating new coins that don’t require special computing equipment.

Unlike Bitcoin miners who need to purchase expensive equipment, Ultima PLC ecosystem coiners only need to create new accounts, download special apps (Ultima Farm and Ultima Wallet) to their smartphones, and freeze a number of coins native to the ecosystem. After that, they choose which digital certificate, i.e. a sort of subscription plan, fits their goals, purchase it, and receive access to keystroke technology for about a year. The higher the digital certificate level, the more coins they can freeze in their wallet and more coins can be received as a reward. PLC Ultima operates two native coins, PLCU and PLCUX. Both are in the works, but currently only PLCUX remains available for new users.

Each month, users receive rewards for their contribution to the ecosystem. The rewards are distributed via a special smart contract and correspond to the number of frozen coins in the wallet.

Welcome to the world of decentralized fintech

All coins minted and stored can be spent in the PLC Ultima ecosystem, as it is home to a dozen high-performing e-commerce and crowdfunding services. In 2021, around 700,000 people from more than 120 countries around the world have already registered as members of the PLC Ultima ecosystem. In September 2022, the number of active users exceeded 1.5 million.

The meteoric increase in traffic is due to the unparalleled services that can be found in the PLC Ultima ecosystem. The blockchain-based crowdfunding platform called Platin Hero and the global e-commerce marketplace called PlatinDeal are the main magnets for users.

Platin Hero with its blockchain-based fundraising process ensures maximum transparency and helps maintain trust between the donor and the project. Unlike other crowdfunding platforms, whose users have often found themselves cheated, Platin Hero makes a crowdfunding process beneficial for all parties. Projects gain access to an audience of several thousand people in the PLC Ultima ecosystem, enjoy free promotion and funding of their ideas, while donors receive project rewards and a 10% bonus from the amount of their contribution. On the other hand, PlatinDeal offers users a convenient classified platform with a user-friendly client interface. Users can launch their own digital stores with just a few clicks, sell goods or services, or shop by paying for their shopping carts with cryptocurrencies.

Defining its mission as improving the quality of life, PLC Ultima is above all an accessible and user-friendly ecosystem with a multitude of essential daily services. The project was led by Alex Reinhardt, a venture capitalist, economist, entrepreneur who launched dozens of startups and fintech platforms.