As an EEA member, Unicorn Ultra Network (U2U) is part of the EEA community of organizations working to advance Ethereum and drive industry adoption. In the Q&A below, the EEA interviewed Unicorn Ultra Network CMO Chloe Phung about how the organization contributes to the Ethereum business ecosystem.
Please introduce your company and yourself.
My name is Trang Phung, Chief Marketing Officer at U2U. I am also an experienced entrepreneur and manager with a tremendous passion for financial investment and technology, especially financial technology.
U2U Network is a Directed Acyclic Graph (DAG)-based chain compatible with the EVM. Our primary focus is to deliver infinite scalability and decentralization on demand. We are dedicated to providing strong solutions for practical applications and aim to serve as a comprehensive solution for the needs of enterprise-level requirements.
Helios Consensus forms the backbone of the U2U Network, achieving up to 72,000 transactions per second (TPS) at launch. During a stress test on our development network, we achieved a peak of 500,000 TPS, thanks to sharding technology. This system ensures quick transaction finality, typically within just 650 milliseconds, and is fortified with a quadruple-layered aBFT consensus protocol that includes dPOS, POET, POR, and TEE. Additionally, integrating features such as the Multi Sharding Mechanism, Subnets Technology, and OstracismVM reflects our unwavering commitment to our network’s adaptability, efficiency, security, and scalability.
What first brought you to the EEA, and why did you decide to become a member?
As mentioned above, we are committed to delivering robust solutions for real-world applications and aspire to be the one-stop solution for enterprise-level needs.
Regarding the reason, with the mission of seamlessly merging proven business models and products with the Web3 space and expanding their reach and impact on a global scale, as well as being one of the EVM-compatible blockchains, Unicorn Ultra Network finds it crucial to work alongside the EEA to enable businesses to adopt and use Ethereum technology and create a world of collaboration built on a new foundation of trust.
Besides the shared missions and visions with the EEA, Unicorn Ultra Network also aims to disseminate our cutting-edge technologies and knowledge to the EVM community within the Alliance and the global community via events and webinars organized by the EEA. We also aim to foster new collaborations and connections with like-minded partners. Furthermore, as a member, Unicorn Ultra Network also gains the right to vote on technical development work of the Alliance and the Ethereum community, contributing to advancing the global blockchain industry.
Unicorn Ultra Network has decided to join the EEA membership to acknowledge the alignment of our missions and the EEA’s benefits to our community in terms of scaling.
What are you currently working on with regard to Ethereum? How will end-users benefit from your work?
As mentioned, Unicorn Ultra Network is built with EVM-compatible capability. It is working toward a world where developers and dApps on the Ethereum network are supported seamlessly with advanced technologies and algorithms to achieve adaptability, efficiency, security, and scalability.
With shared visions and missions, Unicorn Ultra Network and the EEA are advancing a future ecosystem where the end-user can enjoy the benefits of infinite scalability and decentralization on demand.
How will the EEA enhance your organization’s current efforts?
Being a member of the EEA, Unicorn Ultra Network hopes to have connections with influential businesses in every sector from around the globe. EEA membership is expected to offer Unicorn Ultra Network exceptional access to cutting-edge advances in Enterprise Ethereum blockchain technology. Moreover, leveraging the extensive outreach and established connections of the EEA, Unicorn Ultra will have the opportunity to grow our community and expand our network, establishing a notable presence in the Ethereum community and enhancing our global brand recognition.
Additionally, as a member of the Alliance, Unicorn Ultra Network gains access to the latest trends within the Ethereum ecosystem. This is particularly advantageous for us, given our primary focus on B2B enterprise business. EEA serves as an ideal bridge, enabling Unicorn Ultra Network to engage with a wide array of enterprises poised to embrace and implement emerging EVM trends.
What EEA programs are you most excited about?
As Unicorn Ultra Network diligently focuses on constructing infinite scalability and decentralization on demand, our entry into the EEA has sparked great excitement, particularly concerning the DeFi and security projects within the Alliance. The programs that Unicorn Ultra Network is excited about include the DeFi Assessment, Management and Accounting (DRAMA) Working Group, and Ethereum Training Quality (ETH TQ).
With numerous programs, Unicorn Ultra Network holds high expectations of establishing exceptional collaborations, participating in valuable learning experiences, and making meaningful contributions to these programs. Additionally, we look forward to becoming part of the talented developer community and hosting community hackathons, vital aspects of our partnership with EEA.
Learn More and Connect with the EEA
The EEA enables organizations to adopt and use Ethereum technology in their daily business operations. We empower the Ethereum ecosystem to develop new business opportunities, drive industry adoption, and learn and collaborate. Join us and contribute to our work!