New project for portfolio —Devvio
Uniera has just invested in Devvio!
Devv (build by the company Devvio Inc.) claims to be the world’s fastest blockchain (over 8 million transactions per second) and addresses to solve all today’s major blockchain challenges.
Instead of only focusing on a single kind of problem (e.g. scalability), Devv is addressing all of today’s blockchain challenges: Governance, Scalability, Cost, Privacy, Energy Usage, Issuances, Fraud, Theft & Loss.
Devvio creates a long-term governance model which includes three groups (each group will have equal voting power):
- Devvio Inc. (where voting will be carried out by its board)
- Devv community members (where voting will be proportional to digital sales, blockchain usage, or other measures of value)
- Devv owners (where voting will be proportional to ownership)
Devv’s scalability is implemented through a multi-tier blockchain approach. It is based on a system where there is one Tier 1 Blockchain (T1) and many Tier 2 Blockchains (T2). The T2 networks are shards. T1 and T2 are comprised of independent nodes. The blockchains comprising T1 and each T2 comprise the entire Devv blockchain implementation.
The T1 blockchain controls the primary Devv blockchain, has a longer block time and a larger block size than the T2 blockchains. T2 blockchains validate and transmit only a subset of outgoing transactions and transmits those transactions to the T1 blockchain over time.
Devvio argues the main purpose of blockchains is to maintain asset balances and therefore processing/computation should be done off-chain, only updates to the balances should be stored on-chain to provide a robust, trustless and transparent system.
Basically Devv provides a publicly available blockchain with pseudo anonymous privacy, which is the same as for blockchains like Bitcoin or Ethereum.
In addition Devv has an optional methodology for private transactions in cases where it is wanted. The methodology is trust-based and it is implemented via the INN. A user who wants to send a private transaction has to send Devvnero to an privacy account of Devvio and send an off-chain encrypted message to the INN containing the target wallet. Subsequently the INN creates a transaction on the Devv network containing the correct amount and target wallet address. This enables transactions that are private to the public but also compliant with government laws (KYC, AML, …).
Devv uses Proof-of-Validation for its consensus mechanism, where validators (which are the consensus providers) create blocks comprised of transactions, and then collectively validate each block by sending validation messages.
- Permissioned public distributed ledger
- Validators (consensus provider nodes)
- Validators chosen by Devvio Inc.
Devvio will have a different philosophy on rewarding validators. Validators will only receive a fair amount of tokens which will be comparable to other cloud services, but compared to other blockchains the validators won’t receive a big stake for doing validations.
Fraud, Theft & Loss
Devvio implements its fraud, theft, and loss solutions with an escrow-like functionality. Only Devvnero wallets have those features, normal Devv wallets do not.
We invested in Devvio because it wants to fix all issues of the blockchain in a single solution. Their goals are extremely ambitious and it’s very difficult to say if they can deliver on their promises or not. They certainly have unique and innovative approaches to tackle those problems (scalability, privacy, fraud/theft/loss, …).
Uniera has investing in game changing business models in the blockchain sector Uniera is dedicated to supporting early stage (pre-seed, seed and private) projects across the Web 3.0 space, including DeFi, Metaverse/GameFi, DAOs, and infrastructure layers. Through our investment vehicle in Cayman Islands, we manage proprietary and qualified investor`s funds into some of the most promising opportunities in crypto market.
Founded in March 2021, Uniera is a crypto exchange and manager dedicated to the portfolio of professional investors and family offices. Conceived by partners Caio Villa and Gustavo Albanesi, the company seeks to become the the main access route for investors to the best projects in the digital assets market. With tokens audited by Grant Thornton, one of the largest and most respected in the segment, Uniera seeks to raise the level of reliability in cryptocurrency trading in the country.
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