Universa v Ether | Table O Contents

The Universa environment can be compared to the Ether ecosystem …

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Hint. Place the intro paragraph ie.) the ‘synopsis’ here …

The two forms of ether that are used to drive the Smart Contracts over at the Ethereum Network are:

  1. ETH = Ethereum, and,

  2. ETC = Ethereum Classic.


The atomic bit used in the Universa network is called a ( UTN ).

The par value of (1) bit of UTN = $0.01 USD ( one US penny ).

Note. The smallest byte in the Bitcoin network ( BTC ) is called a “Satoshi”.

Here, (1) UTN bit is divisible by (18) decimal places, or “bytes”.

For example, 1,000 UTN are equal to $10 USD ( .01 x 1,000 = 10 ) called a “kUTN” or kilo.

Whereas, 1,000,000 “uUtn” are equal to 1 millionth of a US penny ( .01/1,000,000 = 0.000001 ) called a “uUTN” or “huelo”.

The Universa Foundation has authorized the sale of 1B UTN prior to 10-28-2017 at (1) penny USD plus a 20% bonus.

After 10-28-2017 kilos may be purchased at the then prevailing rate up to a limit of $99 million USD.

Smart Contract Chain(s)

The Universa platform will allow a tree of smart contracts to create a Smart Contract Chain.


Crypto Attributes

As reported by Coin Desk, the following Crypto attributes are essential …

Smart Contracts

A Smart Contract is simply a set of Turing Complete script data stored in a tree structure that can be executed universally across a platform.

Note. The weight of a Smart Contract over the Universa platform cannot exceed (1) Giga-byte of size.

Script Data

Question. How is script data stored in tree structures?

Answer: Key-value pairs in Merkle trees aka “databases on crypto steroids”

Question. What type(s) of script data can be stored in tree structures?

The Blockchain

Under the Universa umbrella, the Blockchain merely records the current state of the underlying Smart Contract. The body, or corpus of the Smart Contract remains stored in a crypto cloud, or flash drive.

Notary Cloud

When a Smart Contract hits the Universa network, a time stamp is issued by the Universa Notary Cloud.


Old states of smart contracts may be stored for (2) years in the Universa Notary Cloud via a separate smart contract called a marker.


Whereas, the Notary Cloud runs on a separate Unix server that contains the primary, dynamic copy of the ledger, Universa Nodes are alerted instantaneously of new, entering Smart Contracts and as a consequence the structure of the entire network may change as a result at any given fraction of a second, or nanosecond.

Token Distribution

Securities Act of 1933

The Securities Act of 1933 prohibits even the offer, as well as the sale … If an underlying security, if defined as such, is unregistered or non-exempt.

Note. The Securities Act of 1933 does not specifically define an Investment Contract aka Security.

The Test of Security

SEC v The Howey Co

In the US Supreme Court case of the SEC versus the Howey Company heard in May of ‘46 …

Several testing mechanisms for the term security were elucidated by the court, as follows:

Registration Requirements

See: 328 U.S. 294 - 297 and 328 U.S. 299


UTN may lack the status of a legal tender, but nevertheless still retains the utility of a legal tender.

If that is clearly the object envinced, then the offer may be subject to the registration requirements of the Securities Act of 1933.

If on the other hand, the prototypically targeted “maybe-an-offer” is sufficiently vague, then not.


The above discussed “maybe-an-offer” does not fall within the penumbra of the Securities Act of 1933.

Last Subtitle

More to come …

Note. The above synopsis was derived from an article written by Blank Author [1].

  1. A Narrative of Psychology by Blank Author, Jan #1999


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