UFO is actually short for Uniform Fiscal Object, a “decentralized peer-to-peer protocol” authorizing the safe transfer of value on a global scale. UFO coin utilizes Neoscrypt, a next generation proof of work (PoW) algorithm enabling for stronger and more efficient encryption, by adding an extra layer of protection and security to the network. On top of heightened resistance to brute force attacks, Neoscrypt reduces computational resources and costs, creating a lightning fast network, with low transaction fees, ultimately leading to a seamless transfer of value.
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