UnitedBitcoin

UnitedBitcoin is a joint credit carrier focused on establishing a global network to support the cryptocurrency eco-systemecosystem and enhance collaboration through the use of credit from the UB foundation. The United BitcoinUnitedBitcoin platform's objective is to improve Bitcoin by locating a purpose for lost bitcoins,bitcoin as well asand inactive bitcoin wallets. It is a fork of bitcoinBitcoin alongside an ownits virtual machine and smart contract implementations in order to develop a stable cryptocurrency system.

UBTC, theThe bitcoin-based fork, happened when a developer, Jeff Garzik, and his team, made changes to the existing set of rules on the blockchain. Whenever changes are made, the chain splits, and a another blockchain is developed. It was created with the underlying idea of repurposing bitcoins. As such, the mission was to find a purpose for bitcoin.

In the project’s whitepaper, United BitcoinUnitedBitcoin utilizes pressure-tested mechanics of bitcoin. Related to technology, the difference between bitcoin and United BitcoinUnitedBitcoin is the block sizes, smart contracts, as well asand SegWit (Segregated Witness) implementation. The block sizes were increased to 8MB. Additionally, the smart contracts will redistribute and reclaim old bitcoins.

The UBTC project was developed by Jeff Garzik, a bitcoin developer; chairman Matthew Roszak, alongside hisGarzik's partner at theBloq blockchain company, Bloq; - chairmanand MatthewSongxiu RoszakHua, includingfrom Bitbank Group’s Songxiu HuaGroup. The team's planplans is to develop a credit currency system pegged against different fiat currencies alongside a native smart contract feature. The network is modeled after the bitcoin core blockchain before December 12, 2017, and active wallet holders are supposed to get UBTC at a 1:1 rate.

United BitcoinUnitedBitcoin smart contracts are Turing complete and provide statefulness. Its smart contract technology does not require utilizing a sole programming language with specific limitations. It supports generic programming languages such as C#, Java, Kotlin, and LUA.

Apart from UBTC, United BitcoinUnitedBitcoin planned to launch another stable coinstablecoin that will be pegged to the US dollar at a 1:1 ratio. This was announced because certain people in the platform's community requested something with more reliability and transparency. The stable coinstablecoin is to be referred to as “UUSD.” It is to be audited by a third-party firm for transparency, regardless of what is viewable on the blockchain. The stable coinstablecoin is to be 300% collateralised collateralized by UBTC. That is, for every one USD issued, there will be a three USD collateral in UBTC. Over time, the collateral could change, but its ratio is not intended to go under 300%.

Inactive wallets will go towardstoward the UB Foundation and support blockchain development. Matthew Roszak, Board Member and Chief strategy officer of United BitcoinUnitedBitcoin, says that it will encompass three vital pieces and they include;: technology, community, and tokenomics via reliance on cross-industry innovation.

UBTC possesses a full nodefull-node wallet client for Linux, Windows, and Macintosh operating systems. The source code is also available for review. According to the distribution repository, there are plans for a lightweight client release. There are three wallets that support the UBTC protocol. Most of them are located in Asia, and others are unknown and exchange little trade volume asidesaside the exchange Okex. In 2018, according to Coinmarketcap statistics, one UBTC was worth $82 USD.

Another controversial part of United BitcoinUnitedBitcoin is the opt-in airdrop feature, in which means that a bitcoin holder is required to offer some kind of identification in order to obtain UBTC. To even begin using UBTC, a A user is also required to offerprovide a valid email address, as well as a mobile phone number. Following this process, the registrant is also required to possessand a valid bitcoin address in order to get the 1:1 distribution.

A further contentiousAnother situationcriticism withof UBTC is the Foundation’sFoundation claiming of “unused addresses”. This means that after a period of time elapsestime-lapse, inactive addresses will be utilized for future development. The team added a grace period to extend the timeframe, allowing bitcoin holders to claim their UBTC.

The UBTC project was developed by Jeff Garzik, alongisdea bitcoin developer, alongside his partner at the blockchain company, Bloq - chairman Matthew Roszak, including Bitbank Group’s Songxiu Hua. The team's plansplan is to develop a credit currency system pegged against different fiat currencies alongside a native smart contract feature. The network is modeled after the bitcoin core blockchain before December 12, 2017, and active wallet holders are supposed to get UBTC at a 1:1 rate.

UnitedBitcoin’s vision for the future of digital currencyLed by Jeff Garzik, one of the first Bitcoin core developers, UnitedBitcoin is a digital currency that builds on the best pressure-tested aspects of leading cryptocurrencies.UB smart contracts are Turing complete and provide rich statefulness. Unlike other smart contract technologies that require using their own programming languages with certain limitations, UB is dedicated to making smart contract programming accessible and easy by supporting generic programming languages including C#, Java, Kotlin and LUA.

United Bitcoin smart contracts are Turing complete and provide statefulness. Its smart contract technology does not require utilizing a sole programming language with specific limitations. It supports generic programming languages such as C#, Java, Kotlin and LUA.

AsApart from UBTC, United continuesBitcoin planned to ridelaunch the waves of the crypto market, we are launching a newanother stable coin that will be pegged to the US dollar at a 1:1 ratio. This forwas announced because thosecertain people in the platform's community who are calling forrequested something with more reliablereliability and transparenttransparency. The first stable coin willis to be knownreferred to as “UUSD.” The stableIt coinis willto be audited by a global third-party firm to ensure complete for transparency regardless of everythingwhat beingis viewable on the blockchain. Of utmost importance, theThe stable coin shallis to be 300% collateralised at all times by UBTC. i.e.That is, for every 1USDone USD issued, there will be 3USDa three USD collateral in UBTC. Over time, the collateral maycould change but theits ratio of the collateral is not intended to bego belowunder 300%.

The catch is inactiveInactive wallets will go towards the UB Foundation toand support innovative blockchain development.Matthewdevelopment. Matthew Roszak, Board Member and Chief strategy officer of United Bitcoin says that United Bitcoin it will encompass three really importantvital pieces and they include; technology, community, and tokenomics byvia relyingreliance on cross-industry innovation.

UBTC has itspossesses owna full node wallet client for Linux, Windows, and Macintosh operating systems. and theThe source code is also available for review. According to the distribution repository, there willare alsoplans befor a lightweight client release soon. There are three other wallets that support the UBTC protocol. As far as exchanges mostMost of them are basedlocated in Asia, and a great majority of themothers are unknown and exchange very little trade volume besidesasides the exchange Okex. At theIn moment2018, according to Coinmarketcap statistics, one UBTC iswas worth $82 USD.

The most controversial part of the project is the opt-in airdrop feature which basically means a bitcoin holder must give up some form of identification to obtain UBTC. In order to even get started with UBTC, a user must supply a valid email address and a mobile phone number. After this process, the registrant has to have a valid bitcoin address as well to receive the 1:1 distribution.

Another controversial part of United Bitcoin is the opt-in airdrop feature which means that a bitcoin holder is required to offer some kind of identification in order to obtain UBTC. To even begin using UBTC, a user is required to offer a valid email address, as well as a mobile phone number. Following this process, the registrant is also required to possess a valid bitcoin address in order to get the 1:1 distribution.

AnotherA further contentious issuesituation with UBTC is the Foundation’s claiming of “unused addresses”. whichThis means that after a period of time elapses, inactive addresses will be usedutilized for future development. At the moment theThe team has added a “gracegrace period” whichperiod hasto extendedextend the timeframe, soallowing bitcoin holders canto claim their UBTC.

UnitedBitcoin is a super joint credit carrier with the targetfocused toon establishestablishing a powerful global network andto support the cryptocurrency eco-system and improveenhance collaboration bythrough usingthe use of credit from the UB foundation.Thefoundation. The United Bitcoin platform's aimsobjective is to improve Bitcoin by findinglocating a purpose for lost bitcoins, as andwell as inactive bitcoin wallets. United BitcoinIt is a fork of bitcoin withalongside an own virtual machine and smart contract implementations of smart contracts in order to createdevelop a stable cryptocurrency system.

UBTC, is athe bitcoin-based fork. A bitcoin, fork happenshappened when a groupdeveloper, ofJeff peopleGarzik, orand individualshis makesteam, made changes to the existing set of rules on athe blockchain. WhenWhenever changes are made, the chain splits, and a newanother blockchain is createddeveloped. It was created by Jeff Garzik and the team with the underlying idea thatof repurposing bitcoins need to be repurposed. TheAs such, the mission was to find a purpose for bitcoin.

As perIn the project’s whitepaper, UBUnited usesBitcoin utilizes pressure-tested mechanics of bitcoin. In termsRelated ofto technology, the difference between bitcoin bitcoin and United BitcoinsBitcoin is the block sizes, smart contracts, as andwell as SegWit (Segregated Witness) implementation. The block sizes havewere increased to 8MB. In addition to thisAdditionally, the smart contracts will redistribute and reclaim the old bitcoins.

A few months ago we reported on theThe UBTC project createdwas developed by Jeff Garzik, alongisde his partner at the blockchain company, Bloq, - chairman Matthew Roszak, andincluding Bitbank Group’s Songxiu Hua. The team says it's plans is to createdevelop a credit currency system pegged against variousdifferent fiat currencies alongside a native smart contract feature. The entire network is modeled after the bitcoin core blockchain prior tobefore December 12, 2017, and all active wallet holders are ablesupposed to receiveget UBTC at a 1:1 rate.

The most controversial part of the project is the opt-in airdrop feature which basically means a bitcoin holder must give up some form of identification to obtain UBTC. In order to even get started with UBTC, a user must supply a valid email address and a mobile phone number. After this process, the registrant has to have a valid bitcoin address as well to receive the 1:1 distribution.

Another contentious issue with UBTC is the Foundation’s claiming of “unused addresses” which means after a period of time inactive addresses will be used for future development. At the moment the team has added a “grace period” which has extended the timeframe so bitcoin holders can claim their UBTC.

UBTC is a bitcoin-based fork. A bitcoin fork happens when a group of people or individuals makes changes to the existing set of rules on a blockchain. When changes are made, the chain splits, and a new blockchain is created. It was created by Jeff Garzik and the team with the idea that bitcoins need to be repurposed. The mission was to find a purpose for bitcoin.

As per the project’s whitepaper, UB uses pressure-tested mechanics of bitcoin. In terms of technology, the difference between bitcoin and United Bitcoins is the block sizes, smart contracts and SegWit (Segregated Witness) implementation. The block sizes have increased to 8MB. In addition to this, the smart contracts will redistribute and reclaim the old bitcoins.

The catch is inactive wallets will go towards the UB Foundation to support innovative blockchain development.Matthew Roszak, Board Member and Chief strategy officer says that United Bitcoin will encompass three really important pieces technology, community, and tokenomics by relying on cross-industry innovation.

UnitedBitcoin’s vision for the future of digital currencyLed by Jeff Garzik, one of the first Bitcoin core developers, UnitedBitcoin is a digital currency that builds on the best pressure-tested aspects of leading cryptocurrencies.UB smart contracts are Turing complete and provide rich statefulness. Unlike other smart contract technologies that require using their own programming languages with certain limitations, UB is dedicated to making smart contract programming accessible and easy by supporting generic programming languages including C#, Java, Kotlin and LUA.

As UBTC continues to ride the waves of the crypto market, we are launching a new stable coin that will be pegged to the US dollar at a 1:1 ratio for those in the community who are calling for something more reliable and transparent. The first stable coin will be known as “UUSD.” The stable coin will be audited by a global third-party firm to ensure complete transparency regardless of everything being viewable on the blockchain. Of utmost importance, the stable coin shall be 300% collateralised at all times by UBTC. i.e. for every 1USD issued, there will be 3USD collateral in UBTC. Over time the collateral may change but the ratio of the collateral is not intended to be below 300%.

The catch is inactive wallets will go towards the UB Foundation to support innovative blockchain development.Matthew Roszak, Board Member and Chief strategy officer says that United Bitcoin will encompass three really important pieces technology, community, and tokenomics by relying on cross-industry innovation.



UnitedBitcoin is a super joint credit carrier with the target to establish a powerful global network and support the eco-system and improve collaboration by using credit from the UB foundation.The United Bitcoin platform aims to improve Bitcoin by finding a purpose for lost bitcoins and inactive bitcoin wallets. United Bitcoin is a fork of bitcoin with an own virtual machine and implementations of smart contracts in order to create a stable cryptocurrency system.

A few months ago we reported on the UBTC project created by Jeff Garzik, his partner at the blockchain company, Bloq, chairman Matthew Roszak, and Bitbank Group’s Songxiu Hua. The team says it plans to create a credit currency system pegged against various fiat currencies alongside a native smart contract feature. The entire network is modeled after the bitcoin core blockchain prior to December 12, and all active wallet holders are able to receive UBTC at a 1:1 rate.

The catch is inactive wallets will go towards the UB Foundation to support innovative blockchain development.Matthew Roszak, Board Member and Chief strategy officer says that United Bitcoin will encompass three really important pieces technology, community, and tokenomics by relying on cross-industry innovation.

UBTC has its own full node wallet client for Linux, Windows, and Macintosh operating systems and the source code is available for review. According to the distribution repository, there will also be a lightweight client release soon. There are three other wallets that support the UBTC protocol. As far as exchanges most of them are based in Asia, and a great majority of them are unknown and exchange very little trade volume besides the exchange Okex. At the moment, according to Coinmarketcap statistics, one UBTC is worth $82 USD.

The most controversial part of the project is the opt-in airdrop feature which basically means a bitcoin holder must give up some form of identification to obtain UBTC. In order to even get started with UBTC, a user must supply a valid email address and a mobile phone number. After this process, the registrant has to have a valid bitcoin address as well to receive the 1:1 distribution.

Another contentious issue with UBTC is the Foundation’s claiming of “unused addresses” which means after a period of time inactive addresses will be used for future development. At the moment the team has added a “grace period” which has extended the timeframe so bitcoin holders can claim their UBTC.

UnitedBitcoin Documentary - Episode 1

UB smart contracts are Turing complete and provide rich statefulness. Unlike other smart contract technologies that require using their own programming languages with certain limitations, UB is dedicated to making smart contract programming accessible and easy by supporting generic programming languages including C#, Java, Kotlin and LUA.

As UBTC continues to ride the waves of the crypto market, we are launching a new stable coin that will be pegged to the US dollar at a 1:1 ratio for those in the community who are calling for something more reliable and transparent. The first stable coin will be known as “UUSD.”

The stable coin will be audited by a global third-party firm to ensure complete transparency regardless of everything being viewable on the blockchain.

Of utmost importance, the stable coin shall be 300% collateralised at all times by UBTC. i.e. for every 1USD issued, there will be 3USD collateral in UBTC. Over time the collateral may change but the ratio of the collateral is not intended to be below 300%.