An environmentally sustainable, verifiably secure Proof-of-Stake + Proof-of-Storage Resource + Proof-of-Traded Storage + Proof-of Spacetime Verification protocol with rigorous security guarantess.

VISION

The Blockchain consensus started with PoW of Bitcoin. It is now a new revolution with UltronGlow’s GLOW.

A Proof-of-Stake protocol that improves the security guarantees of Proof-of-Work without costing a lot of energy & hardware wasted. At the same time, the circulation of UTG token in the market will decrease, the value will be increase. A Proof-of-Storage Resource protocol that allow miners to provide storage resources to get rewards or incentives. A Proof-of-Traded Storage protocol allow consumers to spend UTG for fragmented storage usage or open storage usage. SRT will be the stable value token for system to calculate the storage volume that were used by the consumer and reward the miners that provide storage services. A Proof-of-Spacetime-Verification verifies the storage space and bandwidth of each storage node, and supervises the storage service quality.

What Is GLOW?

Highly Scalable And Sustainably Secure, GLOW Is The Foundation Of UltronGlow And Of A Blockchain Built Internet of Everything Future.

GLOW is a highly scalable and sustaibably secure Proof-of-Stake protocol. GLOW combines unique technology and mathematically-verified mechanisms, behavioral psychology and economic philosophy to ensure the UltronGlow blockchain network is secure and feasible. It allows miners to pledge UTG for the Ultron Nodes competition and make sure the circulation of UTG token in the market will decrease to ensure the growth value of UTG will be stable and smooth. It gathered 4 algorithms of PoS, PoSR, PoTS and PoSV at the 1.0 UltronGlow blockchain network.

Compared with others blockchain that costing a lot of energy & hardware wastage, GLOW make use of every single storage space and computing power of miners to enhance the facility basement of the UltronGlow network and the use of the real world such as server hosting, GCDN, private network, fragmented storage, edge computing and etc.

"GLOW is the new defined consensus protocol of the web 3.0 blockchain network of UltronGlow."

How GLOW works?

The PoS of GLOW

GLOW features mathematically verifiable security against attackers.

The protocol is guaranteed to be safe because the UltronGlow's PoS Ultron nodes' cycle is within 210 blocks, and each block generation interval is 10 seconds, and the number of Ultron nodes is 21. In the same block generation consensus cycle, each block contains the same number of UTG rewards.

At the end of this block generation cycle, the blockchain will automatically start the next cycle of Ultron node elections. The elections are divided into three stages:

Stage I: From all the preparatory nodes according to the assets from large to small, the preparatory nodes are respectively filled into the candidate node house of four levels. After each candidate node house is full, the remaining nodes will enter the next candidate node house , until the four levels of candidate nodes are full.

Stage 2: In the four levels of candidate node house, according to the proportion of selected Ultron nodes at that level and the weighted deduction algorithm, the corresponding number of candidate nodes are selected and enter the next round of block generation cycle.

Stage 3: Form the next round of block generation cycle queues consisting of 21 Ultron nodes, and randomly shuffle the sequence, then broadcast to the entire network. After the next block generation cycle begins, the new Ultron node queue will start to generate blocks.

The PoSR of GLOW

The original intention of the PoSR consensus reward is to incentivize all participants and expand the entire storage network. In Ultronglow, as the most important PoTS consensus of token casting, UTG can be cast only when there is actual operation between supply and demand because it maps real-world business. However, in a normal business behavior of supply and demand of storage space, since the behavior of storage consumers is unpredictable, the storage space service provided by each node is difficult to ensure full load operation for 365 days. However, a healthy network needs massive storage space to support the reliability and sustainability of its services.

Therefore, based on the above considerations, we have added an incentive consensus for the storage and computing power nodes of the entire network to the Glow consensus, that is, the PoSR consensus. At each PoSR consensus reward time point, the agreement will distribute the number of PoSR reward tokens that should be issued today among the nodes in the entire network according to the percentage of computing power.

The interests of all storage space providers can be protected under the PoSR consensus. Although some nodes have not been able to provide services and receive rewards, their existence has made an indispensable contribution to the network, so they will also gain Reward tokens from the network. For the detailed reward calculation method of PoSR, please refer to PoSR's daily UTG casting number calculation.

The PoTS of GLOW

The full name of the PoTS consensus is Proof of Traded Storage, which is a generation mechanism based on the dynamic business of storage space.

In the PoTS design, the proof of work that matches the actual market and the real service is adopted, that is, effective storage resources or edge servers are used to measure the workload of the service. When the effective storage dynamic storage resource node is generated, the system will calculate rewards based on the effective resources being used and the SRT paid by users to incentivize the entire network nodes.

The effective storage reward is a mining reward mechanism based on the valuable storage actually produced by each node in the system.

Storing data in space or renting space to store data are data storage process. In this process, customer’s storage data is allocated to the server (effective storage resource generation node), and the actual storage space consumed is called effective storage resource, which is the proof of work of the PoTS consensus. According to the "client-server" model, from the point of view of the server, the client has two options for using the server. The first is the public available storage (such as videos, pictures, audios, files, etc.). which can be accessed by the entire network, and the second is the distributed and fragmented storage of customers’ private data. The private data slices are encrypted and multiple copies are stored in different servers, therefore, only the client consuming the storage resource node of the SRT will be rewarded as an incentive.

FEATURES

Incentives & Rewards

In the blockchain network, transaction fees are used to incentive Ultron Nodes to help package transactions on the blockchain, while preventing malicious acts that endanger the security of the blockchain.

In the UltronGlow network, transaction fees are mainly composed of the following two parts:Total cost = basic cost + tip The basic fee is the minimum fee that needs to be paid for each transaction. Tip is a fee determined by the consumer. When the network is particularly congested, you can increase the tip to get the priority of the package transaction.

Miners that provide storage resource will get incentives as well. The higher storage that miners provide, the higher incentives that miners will get.

Consumers of storage space choose different storage services according to their own needs, and after determining the required business model, storage volume, time and other commodity attributes, they will pay a corresponding proportion of SRT (the storage service charge is defined by the provider, but could not less than the initial value preset by the network).

After the blockchain determines that the SRT spent by the consumer is burned, the storage service is provided to the consumer for use in accordance with the contract requirements.

When the entire commercial activity is started, the "consumer-server" consumption transaction will be recorded, and the PoTS consensus will issue UTG rewards to the provider on a daily basis according to the commercial contract based on the effective storage resources actually provided.

FEATURES

Staking

Like other PoS, the UltronGlow PoS consensus is to maintain network security and ensure that participants will provide related services in a manner that complies with the network code. Therefore, nodes must stake if you want to obtain the right to generate block. The pledge amount is 20 UTG.

Also, the node is allowed to cancel staking at any time and withdraw from the election, that is, give up the right to generate block. The 20 UTGs will be released and locked up for 180 days.

Energy Efficient

GLOW not only solves the greatest challenge faced by the existing blockchains: the need for more energy and more machines to only used for the support of the calculation and verify every single transactions in record, at the same time, the energy usage of the edge servers are slightly and it could become a SDVN network as private network, bandwidth and provide storage resources and computing powers for App, DApp, Smart Contracts, Games, or even Metaverse based applications hosting.

“The appearance of GLOW consider a breakthrough in integration of Blockchain Technology making virtual-world and real-world truly linked”