Overview

As a decentralized autonomous financial platform, UPCX has on-chain governance via its native currency UPC.

The block generation algorithm uses DPoS (Decentralized Proof of Stake). The Witnesses, who are responsible for validating transactions and adding new blocks to the UPCX blockchain, are selected by UPC holders.

This means that UPC holders can indirectly participate in block generation and decision-making regarding UPCX, along with a committee formed by Witnesses.

This improves the security and efficiency of the network, while giving UPC holders more control over the governance of UPCX, maintaining decentralization of power and legitimacy in decision-making.