Ultron Foundation | Establish Global Standards for Open APIs

Ultron Foundation also provides users with the ability to access data across platforms using open APIs. By providing a set of global standards for open APIs, Ultron makes it easier for developers and companies to build applications and services without worrying about compatibility issues. This allows users to access their digital assets no matter what platform they are using, opening up a world of possibilities for DeFi investments.

Ultron employs a asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake consensus mechanism. There are many technical details involved in aBFT consensus mechanisms (which you can read about on Ultron’s website), but the TL;DR is that less data is passed between nodes and they reach a consensus faster, while maintaining network security and decentralization.

In addition, Ultron boasts the quickest time-to-finality (TTF) at approximately one second. Time-to-finality is the duration between the transmission of a transaction and its “completion” (meaning uit is impossible to be reverted). This is effectively a measurement of a blockchain’s latency, and in some circumstances, it is the determining factor for the sustainability of a project on a blockchain. Bitcoin’s TTF, for reference, is sixty minutes. Imagine waiting an hour for Starbucks to approve your credit card.


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