Up - Whitepaper English

1. Glossary

Backup: Physical or digital backup to secondary systems/devices for data preservation.
Block: It is where the various records and transactions are stored, and the set of them form the Blockchain network.
Blockchain: It is a decentralized and immutable (Cannot be changed) database that facilitates the process of recording transactions and tracking assets on a network. Each transaction or record made is digitally signed and encrypted, ensuring data authenticity, integrity and security.
Blockchain Lunes: It is an independent, decentralized structure (which means that, like the Internet, there is no “owner” of this structure), written and elaborated in the Scala programming language, whose consensus method is the Proof-of-Stake.
Block Validation: Made by different members of the blockchain network known as "miners".
Cashback: Process that returns money when something is paid.
Consensus Network: Procedure by which all peers on the blockchain network reach a common agreement on the current state of the distributed database.
Cryptoasset or Cryptocurrency: Encrypted and decentralized digital currency that can be used for various purposes.
ESG: Environmental, Social and Corporate Governance is an assessment of a company's collective awareness of social and environmental factors.
Faucet: Small remuneration for the user performing simple tasks.
Holder: A person who insures their assets for the long term, awaiting appreciation.
LPoS, Leasing or Stake: It is a simple process of reserve funds, in which the user leaves their coins in holding (saved) through a cryptocurrency wallet to support the security and operations of a blockchain network. This can generate rewards according to the amount of transactions on the network.
Lunes: Largest blockchain company and cryptocurrency in Latin America and Africa.
Lunes Node: It's what keeps Blockchain Lunes online. It is a decentralized network of people who provide computer equipment to store and process data on the Blockchain network.
Lunes Wallet and LunesPay: These are the virtual management and transaction accounts of Cryptoassets owned by the User.
Roadmap: Descriptive and visual map, with project evolution dates.
Seed or Seedword: Seed is the set of 12 (twelve) random lowercase words that are generated after the User's registration, in order to serve as a security measure to access or recover the Cryptoassets that the User holds.
Smart Contract: Self-executing digital contracts that use technology to ensure that agreements entered into will be fulfilled.
Token: It is a digital asset used within the ecosystem of a project, which can represent anything, whether physical (tangible) or not (intangible) running on the blockchain of a currency.
Tokenization: Digital representation, through a Smart Contract, of a real good or service.
Utility Token: It is the utility token, its main feature is the absence of the promise of appreciation or maintenance of its value in markets. The eventual appreciation will occur with the growth of the ecosystem, that is, the offer of promotions, votes, exclusive content for the teams, etc. In this way, the use potential and consequent perception of the token's value increases.
Whitepaper: It is a document that presents a problem and the solution that the project can give to this problem. It aims to clear up doubts and present the reason for the existence of an asset and its value for those interested in buying.