Drum roll 🥁🥁🥁

Congratulations to the winners of the Beam the Meme Week 3!⬆️⬆️⬆️

Check the announcement here ➡️
https://twitter.com/ultron_found/status/1628786084359331848

👾All our weekly winners will be included in the 👑 Beam the Meme Grand Showdown tomorrow!

Who do you think will bring home 1000 ULX?

Support your📲 meme and get a chance to win 500 ULX! Open to all Utlronauts.👨‍🚀👩‍🚀

📖Read the mechanics👉 https://t.co/ag8OSn39bv

All entries will be uploaded tomorrow. Stay tuned! 👀

IMPORTANT UPDATE⚙️

We are in the process of completing the preparations for a new infrastructure that we began 4 months ago. In the upcoming month(s), all backend services, including NFT Hubs, tokens processing, rewards calculations, bridge relayers, and API services, will be moved to this new infrastructure.

The most noticeable changes are as follows:
➡️ We have created a multi-cloud setup using independent service providers.
➡️ We have completely avoided vendor lockup.
➡️ We have achieved higher flexibility in choosing providers, regions, and upgrading hardware.
➡️ There will be less or no downtime when upgrading the main features.
➡️ API load balancing is implemented on the geographical level and horizontal scaling is enabled.
➡️ Virtually endless scalability of the services ensures readiness to work with traffic spikes.
➡️ We have the ability to speed up the deployments of new features and hot fixing existing apps.
➡️ Parallel rewards calculation and updates lead to more process stability.
➡️ Increased security and secrets handling.
➡️ Access to the intranet is protected based on policies.
➡️ Static website deployments using CDN and incremental updates improve user experience.
➡️ Many development process improvements including integrated tests.
➡️ We have deep monitoring of all services and their metrics and process logging.
➡️ An alerting system notifies about possible issues and hiccups, enabling earlier response to incidents.

IMPORTANT: Due to the infrastructure upgrade, we may need to pause reward payouts for 1-2 days several times from today until Wednesday. If we need to pause something else, we will notify you.

👩‍🚀👨‍🚀Get ready to experience the Ultronverse!🌌

Join over🛸 11,000 Ultronauts in the Ultronverse and be a part of the defi revolution!🦸‍♀️

Discuss, learn, ⛓️support the system and earn rewards at 🟣Ultron Foundation.

Scan the QR code or click here 👉 https://linktr.ee/ultronofficial

Newsletter: https://bit.ly/3HC58qw

👨‍💻Weekly Tech Report🛠

Tech Report #4
Date: February 19-25

System Upgrade for the Ultron Ecosystem

📌Ultronswap
➡️Web3 modal update - UI upgrades to improve the user experience

📌Ulxscan - Ultron's blockchain explorer
➡️  Migration to vue 3 initiated.
*Vue 3 is an open-source model–view–viewmodel front end JavaScript framework for building user interfaces and single-page applications.

💡Significance: upgrading to the latest framework version increases the app's stability and testability and applies the up to date security fixes

📌Infrastructure [nodes and back-end upgrade]
➡️Initiated the upgrade for the Ultron network
💡Significance: This should improve the transaction processing stability, especially for cases when many transactions are sent from the same address

➡️Updated the backend infrastructure to comply with Solidity Finance's DAO smart contract audit results.
💡Significance: The update implemented minor changes in the infrastructure to ensure the correct data are securely handled by the system.


📊Chain Status📊
Current TVL: $264.18M
Previous: $249.58M
🏦ULX TVL increased by $14.9M from last week.
*TVL fluctuates depending on the status of the crypto market

Accounts Created: 84,360
Previous: 83,093
👤Ultron chain created 1,267 unique wallets in the past 7 days.

Blocks Generated: 3,905,109
Previous: 3,770,790
🧊The system generated 134,319 blocks in the past 7 days.

Transactions Recorded: 4,550,984
Previous: 4,393,242
🧾Ultron blockchain network has recorded 157,742 transactions in the past 7 days.

📚Sources
Github (in-chain developments) - https://github.com/UltronFoundationDev
Ulxscan - https://ulxscan.com/
Defillama - https://defillama.com/chain/Ultron

Dubai always feels like home to us! 🏠🇦🇪 It's an amazing place to make business connections in the web3 world.

Our CEO, Mr. Shukhrat Shadibekov, has been attending the 10th International Forum on blockchain, cryptocurrencies, and mining - aka Blockchain Life 2023. Check out the video to see how it went! 🔥

#Dubai #Web3 #BlockchainLife2023 #BusinessConnections #Ultron #BlockchainConference

🚀 Ultron Foundation 🟣 is making moves in the world of blockchain! Our layer-1 project has been steadily climbing the ranks and is now #11 out of 172 projects on DefiLlama's TVL ranking 🦙💪🏼.

Leaving big names behind reaching for the top. Join the fast-paced action of Ultron Foundation 🏎✨.

Check out the full list of rankings at https://defillama.com/chains (remember to filter by Staking to see the list!) 🏆.

🚨STAKING HUB NFT UPDATE🌟

This year has seen and is yet to bring many positive updates to the Ultron Ecosystem. It’s time to find out more about the latest developments in Staking Hub NFT, and the changes we're finally able to share with you.

We've made two major changes that we're confident will have a positive impact:

➡️Halving periods personalization
➡️Staking Hub NFT rewards distribution optimization

Check out our Official Update paper for the specific details. We've included explanations and examples that dive deeper into the new rewards distribution system, as well as the auto-stake properties of the hubs and our fairer halving period timing.

Our goal in implementing these changes is to create a more stable and secure ecosystem for everyone. We want to ensure that our reward system is as fair as possible and that we're giving due recognition to our amazing supporters.

See the attached document.

👨‍💻Weekly Tech Report🛠

Tech Report #5
Date: 27.2. - 5.3.

System Upgrade for the Ultron Ecosystem

📌Staking HUB:
➡️Implementing mechanism of adaptive Gas Size in Tron network - this will reduce the error during the payments processing, since the gas amount is raising rapidly sometimes
➡️Payout addresses logic improvement - this will allow to scale andthus speed up the rewards calculation and payout processing and avoid using the queue bottleneck.
➡️Optimized processing of the events at the backend - the architecture in general becomes horizontally scalable by using queues and workers;
➡️Set a delay of 12 blocks in all blockers - this should guarantee the correctness of the address balance when the payment comes and avoid post-processing checks;

📌Infrastructure:
➡️Upgrading nodes for the Ultron network - this should improve the transaction processing stability, especially for the cases when many transactions are sent from the same address;
➡️Updating the backend and infrastructure in accordance with the results of Solidity Finance's DAO smart contract audit - based on the audit results, minor changes were made to ensure the secure and correct data handling;

📌UltronSwap:
➡️Web3 modal update - UI changes to improve user experience;

📌UlxScan:
➡️ Migration to vue 3 performed - upgrading to the latest framework version increases the app stability, testability and applies the up to date security fixes;

📊Chain Status📊
Current TVL: $299.76M
Previous: $264.18M
🏦ULX TVL increased by $35.58M from last week.

Accounts Created: 85,618
Previous: 84,360
👤Ultron chain created 1,258 unique wallets in the past 7 days.

Blocks Generated: 4,021,971
Previous: 3,905,109
🧊The system generated 116,862 blocks in the past 7 days.

Transactions Recorded: 4,691,114
Previous: 4,550,984
🧾Ultron blockchain network has recorded 140,130 transactions in the past 7 days.

📚Sources
Github (in-chain developments) - https://github.com/UltronFoundationDev
Ulxscan - https://ulxscan.com/
Defillama - https://defillama.com/chain/Ultron

ULTRON REACHES TOP 10 IN TVL ON DEFILLAMA: THE FASTEST GROWING LAYER ONE IN THE WORLD! 🔥🚀🎉

🚀🔥🎉 ULTRON is on fire! We're thrilled to announce that we've reached the TOP 10 in TVL on Defillama out of 172 blockchain projects! And get this, we did it in less than 10 months after our launch 🤯 That's right, ULTRON is the fastest-growing layer one in the world 🌎 Join us in celebrating this huge milestone! 🙌

Why is this important?
📌 DefiLlama is one of the largest DeFi TVL aggregators. It exclusively tracks popular layer-1 blockchain systems and their dApps. 📊
📌 They gather open-source data and daily trading activities for analysis. Then the report is made available to everyone for free. 🗂 📈
📌 It is considered one of the most essential tools for crypto investors. 💻🪙
📌 DefiLlama's platform empowers the project to be recognized and supported by crypto investors and enthusiasts. 💪

Check out the full list of rankings at https://defillama.com/chains (remember to filter by Staking to see the list!) 🏆.

🎉 Our CEO, Mr. Shukhrat Shadibekov, recently attended the largest Crypto Expo in Dubai. He had a fantastic time networking with top-notch investors and leaders in the cryptocurrency industry, and was thrilled to see so many Ultron supporters at the event. 😍🙌

According to Mr. Shadibekov, "It was great to see so many Ultron supporters at the Crypto Expo Dubai. We are proud to be a part of this vibrant and growing industry, and we are committed to providing our users with the best possible blockchain technology." 💪🚀

At the Crypto Expo, attendees had the opportunity to learn about the latest trends and developments in the cryptocurrency industry, including Altcoins, Blockchain, and Consensus.

It was great to be a part of this exciting event, and we look forward to continuing to innovate and push the boundaries of what is possible with blockchain technology. 🔥

👨‍💻 Weekly Tech Report 🛠
Tech Report #6

(PART 1)

📌 NFT Staking Hub

➡️ Buying NFTs on the Ultron network with uUSDT - final preparation for deployment. This feature will allow users to buy new NFTs using uUSDT on the Ultron network.
➡️ Rewards payouts in uUSDT on the Ultron network - final checking and preparation for deployment. This feature should enable the option of paying Staking Hub users commissions with uUSDT.
➡️ Order processing upgrade - final checking and preparation for deployment. This feature improves the processing of Staking Hub orders, making it faster for approval and processing as well as scalable.
➡️ Rechecking all legacy data - this is a necessary action to ensure accuracy, regulatory compliance, security, compatibility, and transparency. This helps ensure that the token processing operates effectively and can be trusted by its users, also this checks the correctness of all previous orders and imports.
➡️ Implementing adaptive gas size for Tron transactions at the NFT Staking Hub - this is necessary to optimize costs, handle network congestion, and avoid tron processing errors because of gas price fluctuations.
➡️ Migration of the NFT Staking Hub project to a cluster database - this is needed to use its scalability, high availability, data redundancy, backups, performance, and flexibility. With this implementation, it will be much easier to manage the processing data, improve reliability and service uptime, and provide a better user experience for NFT Staking Hub users.
➡️ Upgrading and improving the monitoring system in the NFT Staking Hub - by leveraging and upgrading it, developers can detect and resolve issues more quickly, which leads to a more secure, efficient, and smooth work of the NFT Staking Hub product.

(PART 2)

📌 DEX

➡️ Activation of the error logging system at UltronSwap - activation of Sentry logs can provide real-time notifications of errors occurring in frontend UI of UltronSwap and possible transaction issues. This can help developers quickly identify and resolve issues before they become critical. It also provides:
💪 Improved Security: Sentry can help identify security vulnerabilities and allow Ultron developers to quickly implement fixes.
💪 Improved Reliability: The reliability of frontend UI and smart contracts is critical in the UltronSwap ecosystem. Sentry can help identify issues that could cause UI to fail or a smart contract to become inaccessible, improving the overall reliability of the system.
💪 Enhanced Performance: Sentry can help identify performance bottlenecks at UltronSwap, allowing developers to optimize the UI and improve overall performance.
💪 Better User Experience: Sentry can help identify user issues and provide insights into how to improve the user experience.

📌 Infrastructure

➡️ Migration of processing to k8s - Ultron moves processing to Kubernetes clusters to take advantage of its scalability, fault tolerance, resource efficiency, automation, vendor lock avoidance and flexibility. By leveraging these features, Ultron can better manage processing resources, improving reliability and uptime, reducing total cost of ownership and ensure the independence of a single service provider.
➡️ Installing Consul on a test cluster - first step in security improvement - can help Ultron developers test service discovery, load balancing, service mesh features, integration with other tools, and create a realistic development and testing environment. By leveraging Consul in a test cluster, Ultron developers can improve the resilience, reliability, and performance of Ultron's cloud-native applications.

Wishing a blessed Ramadan to all our Muslim Ultronauts across the world! 🕌🌙✨May this holy month of Ramadan bring you abundant blessings of faith, contemplation, and togetherness. May your hearts be filled with tranquility, happiness, and spiritual enlightenment. 🙏❤️ #RamadanMubarak