#### What is ULTRON? ULTRON (ULX) is a native utility coin of the Ultron [Blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain), designed to enhance the functionality of the network. It operates similarly to [ETH](https://www.coinbase.com/learn/crypto-basics/what-is-ethereum) in the [PoS](https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proof-of-stake) Ethereum blockchain. ULX is used to secure the network through [staking](https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/eth-2-0-staking), manage the system of network fees, and power the ecosystem of native [decentralized applications](https://help.coinbase.com/en/wallet/other-topics/what-is-a-dapp) ([dApps](https://www.coinbase.com/learn/wallet/guide-to-dapps)). The Ultron Blockchain aims to provide a robust and scalable platform that addresses the challenges of scale, finalization, and consensus in the blockchain space. It strives to offer a user-friendly experience, making it accessible to individuals regardless of their economic background or technological understanding. #### How does ULTRON work? ULTRON operates on a Proof of Stake (PoS) [consensus mechanism](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/consensus-mechanism-protocol), which allows it to maintain network security and integrity. The network's use of aBFT consensus signifies that the network can tolerate up to a ⅓ loss of its power without affecting its performance. ULTRON's leaderless consensus ensures that no particular [validator](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/validator-) holds a special position, mitigating the impacts of potential [node](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/node) failures. A single confirmation guarantees that transactions become final and irreversible. ULX, the native coin of the Ultron Blockchain, is used to secure the network through staking, manage the system of network fees, and power the ecosystem of native dApps. #### What are the potential use cases for ULTRON? ULTRON aims to provide a platform for a wide range of decentralized digital asset management services. It seeks to offer a cost-effective, easy-to-understand solution capable of delivering the expectations of a wide and ever-growing pool of digital asset holders while mitigating risks. ULTRON's Staking Hub [NFT](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/nft) is an innovative five-year [Web3](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/web3) reward plan that serves as a key to the Ultron ecosystem. The platform also supports the development of dApps, providing a foundation for developers to build applications that can leverage the benefits of blockchain technology. #### What is the history of ULTRON? ULTRON was developed to address the technical and economic challenges obstructing mass adoption of [Distributed](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/distributed) Ledger Technology (DLT). The project was designed to provide a solution that is cost-effective, easy to understand, and capable of delivering the expectations of a wide and ever-growing pool of digital asset holders. ULTRON's consensus [protocol](https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol) enables the Ultron L1 blockchain to deliver high throughput with fast transaction speeds, low transaction costs, and deterministic finality. The staking structures on ULTRON are highly dynamic and lucrative, offering users the opportunity to [stake](https://www.coinbase.com/learn/crypto-basics/what-is-staking) the native coin as validators (or delegators) and receive an APY of 5–13% APY.