Tashkent, Uzbekistan (UzDaily.com) -- The National Agency for Prospective Projects of the Republic of Uzbekistan, in accordance with the Regulations on the procedure for registering participants in the Special Regulatory Regime in the field of circulation of crypto-assets, registered a new pilot project “Token.uz". The project was initiated by United Integrator LLC - UZINFOCOM.

The Token.uz project is a solution based on the private Ethereum network, isolated from the main network, while applying a second layer (L2) solution for the Ethereum network called Arbitrum.

Arbitrum is a second-level blockchain built on Ethereum. The Optimistic Rollup technology at the heart of Arbitrum allows developers to easily run Ethereum smart contracts and decentralized applications without any modifications, with lower transfer fees and increased throughput.

The purpose of creating the platform is to ensure reliable and transparent data storage, as well as to protect information from changes and substitution by third parties, which is provided by blockchain technology. The Token.uz platform can be used both in the public and private sectors.

The register of special regime participants can be found on the Agency’s official website here.