BTCU starts working
Surely each of our readers knows that Bitcoin is far from perfect. Despite its own relevance, the first cryptocurrency is already not weakly inferior to other projects in functional terms. The age of the coin affects. Still, Bitcoin was released in 2009, when many looked at the future of the crypto industry in a completely different way, not the way they are now. Today, the digital economy dictates completely new requirements and sets standards that the first coin sometimes fails to meet. Therefore, the community seeks to independently correct the shortcomings of Satoshi Nakamoto by releasing so-called hard forks. We will talk about one of them. The topic of this article is the new BTCU coin. So, without further ado, let’s get started.
What is known about the project
First of all, you need to understand the basic theoretical theses. BTCU is an internal token, a proprietary asset of the Bitcoin Ultimatum platform. The project began work today, but has been in development for a long time. During the creation of the final version of the protocol, the developers were able to implement many innovative solutions. As an example – smart contracts. What is considered a standard and a must-have tool in any digital asset today is missing from Bitcoin.
But the creators of Bitcoin Ultimatum took the classic code of the first coin as a basis and modernized it with their own developments. In addition to smart contracts, fast transactions are introduced into the coin system, which do not require long expectations and large commissions. Funds come instantly, which strikingly distinguishes BTCU from the classic version of the first coin. In addition, many other aspects of digital gold have been reworked.
In particular, the main algorithm that forms the operation of the coin has been modernized. We’re talking about an outdated Proof-of-Work algorithm. Time has shown that building a hierarchy based on equipment capacity is not practical. This approach is costly and greatly complicates the barrier to entry into the Bitcoin community. This is why BTCU uses a combination of Proof-of-Stake and Proof-of-Authority, with the first algorithm prioritizing the number of coins over the capacity of the hardware.
Thus, having once invested in the acquisition of digital assets, the user deserves the right to receive additional funds when processing a block. You no longer need to pay huge electricity bills and worry about the safety of your devices. Proof-of-Authority works in a similar way, but gives priority to trusted system users. The algorithm faces well-deserved criticism, but no one can deny that the future lies with such a safe and publicly available functionality.
After reading about the high technologies introduced into the system of the newly minted coin, it is easy to guess that the project is literally doomed to success. Of course, you will hardly be able to compete with the leading coins in the digital market. In any case, for the first time after the release. It will take a long time to get your place in the sun. But there is no doubt that BTCU will earn its audience and delight users with stable work, regularly attracting new investors. However, we strongly advise against investing all free money in a new company. Still, the crypto industry may turn its back on BTCU. In this case, without the support of the majority, the coin will not be able to develop steadily. Invest your money carefully to get the maximum profit at all distances.
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