Frequently Asked Questions

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Ushaka International Marketplace Coin is Revolutionizing the future of value preservation. Imagine having the power to counter the devastating effects of hyperinflation! UIM Coin provides a cost-effective solution to combat the impact of hyperinflation as a representative coin backed by an array of products and services in an ever-changing financial landscape. 

The mission of Ushaka International Marketplace Coin is to enhance the quality of life of its users through empowering their purchase powering while enjoying the unparalleled benefits of blockchain technology. Uniting with Ushaka International Marketplace and UIMC allows it users to achieve their goals of financial Independence while gaining and retaining Mazuma (wealth). Read our mission here. 

By visiting Ushaka International Marketplace at Ushakainternational.com

What is the scalability of Ushaka International Marketplace Coin?

UIMC follows EVM (Ethereum Virtual Machine) standard and uses the POA (Proof of Authority) consensus algorithm, allowing UIMC to no more scalable then Ethereum, while maintaining a high degree of security. 

UIMC has a variety of features allowing it be simple to use as Ethereum. UIMC can be used with solidity that makes it easy to write and deploy smart contracts. UIMC is easily added to MetaMask making it easy to manage Blockchain applications and transactions.

Users are able to purchase digital products such music and digital related services, physical products like luxury clothes, shoes, eye wear, bags, water, and professional services for publishing, production, and distribution.

UIMC uses a POA (Proof of Authority) efficient consensus algorithm that allows UIMC to process more transactions per second putting it to be more suitable for large-scale applications. Additionally, UIMC uses Ethereum Virtual Machine making it a secured and battle-tested platform. Because UIMC use a POA algorithm, it is more secure than most alternative coins on the market.

Proof of Authority consensus algorithm is an efficient alternate to Proof of Work (POW) algorithm. POA allows for a more scalable Blockchain using each node in the network assigned to a specific role. These nodes are either validators or observers within the Blockchain. Validators validate each transaction and block, while observers monitor the network keeping track of the validators. The POA algorithm is more efficient than POW as it does not require all nodes to participate in the consensus process. Thus, allowing a more scalable blockchain. POA is also more secure than POW, as POW have a 51% attack possibility if a malicious actor controls more than half the network’s mining power, while POA does not have the 51% vulnerability as POW because all validators are known eliminating anonymous mining.

In the simplest terms, yes! One of the most promising applications in our blockchain is in the area of smart contracts. Our smart contracts have the potential to streamline a wide range of transactions and reduce the need for third-party intermediaries. UIMC harnesses the power of smart contracts enabling automatic self-executing contracts. These contracts are secure and transparent ensuring efficiency and eliminating intermediaries.  

UIMC is backed by a diverse range of products and services offered by Ushaka International Marketplace. Every UIMC coin represents a tangible asset, strengthening its inherent value and providing users with a sense of security and trust. This interconnected ecosystem provides a multitude of opportunities for seamless transactions and increased convenience. 

As the worlds fiat currencies suffer from inflationary pressures, UIMC stands strong as a reliable store of value. While inflation causes fiat currency to lose its purchasing power, UIMC thrives, enabling you to increase your wealth and buy more by leveraging the appreciating value of UIMC.

UIMC leverages the full potential of the Blockchain technology, granting users access to all advantages it offers. Immutability, security, transparency, decentralization, and the power of smart contracts are at the core of UIMC, ensuring a seamless and efficient user experience.  

As Ushaka International Marketplace and its sister companies expand their offerings, UIMC grows in value. This unique feature allows users to accumulate wealth both in UIM Coins and fiat currency, offering the best of both worlds, while bringing the world to you!

Visit the about us section on the Ushaka International Marketplace website or send email inquiries to Info@uimarketplacellc.com