United Bitcoin price is $0.13477000
The present price of United Bitcoin (UBTC) is $ 0.13477000, and in the last 24 hours, it has increased by +0.00%%.
United Bitcoin, also known as UBTC, is a distinctive Bitcoin-based project designed to upgrade the original Bitcoin mechanism by adding innovative features like smart contracts. The project aims to enhance the scalability of Bitcoin by significantly improving transaction speed and reducing transaction costs. Additionally, UBTC is striving to add Lightning Network support to its infrastructure.
United Bitcoin was introduced by Jeff Garzik, renowned for initiating the Segwit2x hard fork proposed for the original Bitcoin blockchain. The objective of this hard fork was to duplicate the block size of the initial Bitcoin blockchain to offer a more efficient scaling solution.
The team behind United Bitcoin allegedly commenced the development of the project in June 2016. They set a milestone by testing the first smart contract completely in May 2017, which was swiftly followed by a beta test in September 2017. Later, on December 5, the 0.5 version of the project was migrated to GitHub. United Bitcoin was officially launched on December 12, 2017, in an event which took place in Silicon Valley. The fork was launched at BTC block height #498777, around 12:00 GMT.
United Bitcoin's vision is to accomplish the unique and challenging goal of implementing smart contracts into the Bitcoin network, despite its absence in any bitcoin hard fork to date. Furthermore, the team has intentions of providing support for the Lightning Network, enhancing transactions' speed while reducing costs and improving scalability.
United Bitcoin (UBTC) works in a similar way as the original Bitcoin but with added smart contract and Lightning Network functionalities. The smart contracts allow for automated agreement execution once the specified conditions are met, and the Lightning Network aims for faster and cheaper transactions and better scalability. This combination makes UBTC unique in its operations.
UBTC might be considered the most controversial Bitcoin hard fork till date due to its strategy of targeting any accounts that were inactive between November 11 and December 12, 2017. It generated a significant amount of attention due to the implication of “going after” Satoshi Nakamoto’s original bitcoins.
The unique proposition of United Bitcoin (UBTC) lies in its approach to incorporate smart contracts, the Lightning Network, and SegWit into its infrastructure. These innovative additions can potentially lead to faster and more affordable transactions and improved scalability capabilities.
Yes, United Bitcoin (UBTC) can be purchased on the exchanges listed under AEX, ACX, Liquid - Old, OKEx.
The total supply of United Bitcoin (UBTC) is .
The current market capitalization of United Bitcoin (UBTC) is $ , and it is the #1 cryptocurrency by market cap.
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