UYT NETWORK Main-Net Wallet Tutorial Part1
In the world of digital assets, digital wallets play an important role as a “private key container”. The UYT NETWORK mainnet based on the NPoS consensus mechanism is online and all data is on the chain. The wallet usage is completely different from the test network. UYT WALLET is one It supports multi-currency, multi-bottom decentralized universal digital wallet, and supports node nomination, asset conversion, cross-chain mapping, cross-chain deposit and withdrawal, decentralized transaction and other functions. It is currently the best performance on the market. The most fully functional decentralized cross-chain public chain wallet currently supports 3 languages (Chinese/English/Korean).
Users can download the wallet directly on the UYT Wallet official website, and support two download methods: Android version and Apple version. At present, all user assets have been migrated from the testnet to the mainnet wallet, and users can choose to download the corresponding version of the wallet according to their own circumstances.
The test network and the main network have coordinated development. The consensus mechanism between the two networks is different. UYT main network transactions and transfers and cross-chain asset conversion are all on the chain, peer-to-peer transactions, no automatic matching, and all are decentralized. The security mechanism of UYT network is higher, and the performance of test network is stronger. Whether it is the testnet or the mainnet, the value of its tokens reflects that it will converge in the future.
This article mainly introduces the transaction, transfer, cross-chain conversion functions, nomination and validator functions of the wallet usage tutorial will be explained in the next usage tutorial.
Operation demonstration address details:
UYT available balance: 7.7424 Frozen amount: 3.2
U-USDT available balance: 501.24999
U-BTC available balance: 0
U-ETH available balance: 0
- Crypto to Crypto Buying Part
After we recharge across the chain, click the transaction button, fill in the price and quantity according to our own needs, and click buy. In this process, the network needs to confirm the network handling fee at the first time. Please wait for the reminder of the current miner fee Before proceeding to the next operation, the miner fee needs to be confirmed by the whole network, and the operation without miner fee will not take effect, because every step of our wallet operation needs to be verified on the chain. Click OK, and a waiting pop-up window will pop up, prompting “Waiting for block confirmation, please keep the phone always on, and do not perform any operation during this period to avoid operation failure” This process is equivalent to using our own wallet to confirm the signature of asset conversion, and we need to confirm the block with the seller’s asset on the chain. UYT wallet transaction is a decentralized transaction, peer-to-peer transaction, so it is different from other centralized exchanges ( Huobi Exchange), all users’ assets are in their own hands and only they can operate. Many users here close the APP or switch other software because of the long waiting time and think that there is a problem with the APP. In fact, this is entirely due to decentralized transactions and block confirmation reasons. If we perform other operations during this period, the on-chain link will be interrupted and our transaction will be cancelled.
At present, all operations in the UYT network require three block confirmations, and each transaction block takes 10 seconds, so our block confirmation process takes about 30 seconds (Ethereum decentralized transaction requires 3–15 (Minute) After the pop-up window disappears, a new pending order will appear for the current order. You will find your pending order appears in the pending order list. The pending order is successful!
The mainnet is online, and all confirmations will be completed synchronously by the validator (node). It is decentralized, open and transparent. Every node in the entire network will synchronize the transaction data. For UYT validators (nodes), you can The node monitoring station checks all the behaviors of this transaction.
The data changes of the validator (node) monitoring station of the above behavior are as follows:
Before buying:
Transaction Confirmation Page
2. Crypto to Crypto: Selling Part
In currency trading, all behaviors are peer-to-peer transactions. The process of a pending sell order and a pending buy order is almost the same. First fill in the price of the sell order, and then fill in the amount of UYT you want to sell. After confirming that it is correct, click the red sell UYT button.
Click OK, and a waiting pop-up window will pop up, prompting “Waiting for block confirmation, please keep the phone always on, and don’t perform any operation during the period to avoid operation failure.” This is the same as the buying behavior, which is also the block confirmation process. Therefore, during this process, we cannot switch out or perform other operations, otherwise the communication will be interrupted and the transaction will be aborted.
After about 30 seconds, the pop-up window disappears, and a new pending order appears for the current order. At the same time, a new record is generated in the current order. The pending order is successful!
The data changes of the validator (node) monitoring station of the above behavior are as follows:
Cross-Chain Tokens Withdrawal Part, USDT as an example
Click the U-USDT asset on the asset page and click the withdrawal button. Prompt the asset conversion process, please check carefully.
The current UYT NETWORK supports multiple currencies in one address. After the deposit, an asset on-chain conversion will be carried out. All assets are stored in the UYT public chain, so the first step after the user withdraws the user’s assets will be transferred to UYT. In order not to affect the performance of the public chain, cross-chain currencies are converted every half epoch by default, and then unified export. After the network is stable for a period of time, the conversion frequency will increase.
Click Asset Conversion in the pending list. Click the number of withdrawals, click OK, click “Yes”
Any operation, including asset conversion, requires blockchain confirmation and miner services (validators)
, During this asset conversion process, a miner fee of 0.0137 UYT is required.
After the asset conversion is initiated and confirmed (signed), then we can proceed to the next step.
You will see assets to be mentioned in the pending list. Click the withdrawal button again, fill in the withdrawal address, and wait for asset conversion and block confirmation. After the user withdraws the currency, the user’s assets will be first converted from the UYT public chain to the traditional public chain. All hashes will be displayed. After the assets are converted, the user will receive the currency withdrawn. After success, there will be withdrawal records displayed in the cross-chain assets.
The above behavior package asset conversion behavior changes in the validator (node) monitoring station data as follows:
Compared with other wallets, UYT is easier to create a wallet. The testnet wallet and the mainnet wallet use different algorithms for mnemonics. Now that the transfer of cross-chain assets has been completed, we will scan all testnet areas again within a week Block, conduct asset verification. If you have any questions, please contact us by email as soon as possible. In addition to basic functions such as wallet creation and export, transfer and collection, resource management, and nomination voting, the current wallet will also provide users with advanced private key generation, modification permissions, whitelisting, and cold wallet usage in the future. Functions, better user experience. We will introduce to you the nomination and verification of the wallet, including the description of the era in the next article UYT NETWORK Mainnet Wallet Usage Tutorial (2). The node monitoring station will be open to node users. In the blockchain, only nodes can verify and obtain revenue. At the same time, nodes can query all information on the synchronization server. Current block explorer users can simply query related transfer information.
Finally, I would like to remind all users, try not to use other unknown download channels, and the most important thing is to make a backup of private keys, mnemonics, etc.
