uPlexa (UPX) is a peer-to-peer electronic payment system that leverages the power of Internet of Things (IoT) devices to facilitate blockchain payments. It operates on its own blockchain, utilizing a modified version of the CryptoNote algorithm. uPlexa aims to interconnect the collective power of IoT devices, supporting privacy-based payments and, ultimately, e-commerce and privacy-based software. It is designed with a focus on low-power architecture and is directly accessible and minable via the web. uPlexa also aims to support private payments and IoT transaction processing, positioning itself as a participant in the cryptocurrency space.

uPlexa works by incentivizing the mass computing power of IoT devices to form a means of private blockchain payments. It uses a modified version of the CryptoNote algorithm to aim for secure transactions and private payments. The modifications made to the algorithm strive to make IoT mining more efficient. The backbones of the uPlexa network are powered by billions of IoT devices that exist in the world today. The core objective is to generate uPlexa tokens to help offset the electricity in running any given IoT device by mining a proportion of the idle resources on any given IoT device.

uPlexa has a wide range of potential use cases, particularly in the realm of e-commerce and privacy-based software. It aims to support commerce and businesses of all sizes by releasing integration libraries for various platforms and partnering with different entities. uPlexa also aims to bring privacy to the world, both in transactional and everyday software. It is working on building a decentralized VPN on top of the uPlexa network. Furthermore, uPlexa aims to deliver mining to an array of IoT devices, from smartphones and tablets to smart TVs and even smart cars, positioning itself as a participant in the cryptocurrency space.

uPlexa was developed with the vision of harnessing the power of IoT and privacy. It was built on its own blockchain, utilizing a modified version of the CryptoNote algorithm. The project was launched with the goal of interlinking the collective power of IoT devices as a whole, while supporting privacy-based payments and ultimately, e-commerce and privacy-based software. Over time, uPlexa has become known for its eco-friendly approach due to its focus on low-power architecture. It has also developed a decentralized VPN on top of the uPlexa network, aiming to enhance its privacy features.