UUID can be suboptimal for many use-cases because: 
- It isn't the most character efficient way of encoding 128 bits of randomness
 - UUID v1/v2 is impractical in many environments, as it requires access to a unique, stable MAC address
 - UUID v3/v5 requires a unique seed and produces randomly distributed IDs, which can cause fragmentation in many data structures
 - UUID v4 provides no other information than randomness which can cause fragmentation in many data structures
 
 Instead, herein is proposed ULID: 
- 128-bit compatibility with UUID
 - 1.21e+24 unique ULIDs per millisecond
 - Lexicographically sortable!
 - Canonically encoded as a 26 character string, as opposed to the 36 character UUID
 - Uses Crockford's base32 for better efficiency and readability (5 bits per character)
 - Case insensitive
 - No special characters (URL safe)
 - Monotonic sort order (correctly detects and handles the same millisecond)
 
check out the specs