[ANN][BTCU] Bitcoin Ultimatum - a new-generation Bitcoin fork

[BTCU_ULTIMATE]

☝️ In our previous post, we went through how important decentralization was. And why it was an aspect we favor here at BTCU.

🔹️ Today we're going to briefly talk about consensus algorithms, and how they play a role in said decentralization.

😤 Generally, since only small percentages of coins are mined and the profit for full nodes holders in PoS is small the network becomes vulnerable. The main thing to deal with this issue is by assigning mining authority to another person, which in turn ends up just making the system centralized, instead of decentralized the way we need it.

👍 This is where new consensus algorithms come into the picture. These processes have the power to solve the issue at hand and bring it back the oh-so-needed decentralization and just make things generally quicker.

🚀 BTCU is aiming for a roof of 10000tps by its implementation of PoA- algorithm of transaction as well making its consensus.

🔹️ The Ultimatum PoS (UPoS) is a combination of Leased Proof of Stake (LPoS) and Proof of Authority (PoA). This concept allows it to have to best out of each world there is and create a perfect algorithm. Higher transaction speeds, low and invariable commissions, full decentralization, and more. You name it, UPoS most definitely got it.

💙 All of this was specifically made to give BTCU's users the best there is, and enjoy blockchain to its fullest extent without worries.

[BTCU_ULTIMATE]

💰 Decentralized Finance (or DeFi for short), has proven itself to be quite the asset in our modern world's finance.

This "new" genre allows people to create smart contracts that automatically execute actions on the blockchain without banks, brokers, or corporations which would usually be present in your typical traditional market.

At first, a lot of people were skeptical about the use of DeFi. Most chose to call it a simple wave of hype that'll eventually die, but as time has proven to us it didn't, nor is it ready to go anytime soon.

📊 For instance, up until this summer, Dune Analytics has made a short research which proved that the new number of users that have begun interacting with DeFi has risen to 3,300,559 users (as of today).

This number applies only to users with unique addresses and said interaction remained the same whether it be in a bullish or a bearish market.

All of this just keeps proving to us how important DeFi is and how its implementation is no longer a "maybe" but a must.

🔁 BTCU's integration of DeFi allows its users to have better transaction speed, anonymity, lower fees, and even the ability to transfer your previous projects.

🌍 DeFi is taking the world by storm and BTCU is here to give you the key to enjoy it the best you can.

[BTCU_ULTIMATE]

💪 We've already covered how both DeFi and NFTs are becoming massive game-changers in today's world. Little did you know that when put together, they become an unstoppable force.

To cut to the chase, DeFi needs NFTs and vice versa. How❓
It's simple. Throughout this year DeFi has reached heights that not many believe in and exceeded everyone's expectations. This progress and maturity, however, are making it so that DeFi's "fungibility" is no longer enough.

Think about it, if it's just about owning an asset or another, then might as well just go for NFTs as it would make more sense.

As for NFTs, the basis of their representation as tokens is directly correlated to the DEX-based liquidity pools.

In other words, it just seems as if both these factors can't help but gravitate towards each other. It even seems as if the most proficient DEX traders are also NFT collectors.

😎 BTCU allows its users to have the best of both worlds, all in one place. The NFT implementation is imminent and DeFi has always been the base of BTCU.

BTCU gives its users opportunities that might've never crossed their minds previously with amazing perks. Be it better transaction speed, anonymity, staking, leasing, and much more❗️

💙 With us, you can make your dreams a reality and shape them the way you want.

[PhilosoraptorX000]

Hi. When planning exchenge?

[BTCU_ULTIMATE]

Hi. When planning exchenge?

Hi there! What exchange is meant and for which purpose? 

[BTCU_ULTIMATE]

🔹️ Typically, a mining pool is a group constituted of cryptocurrency miners who "pool" their efforts and resources together to either find a block or to simply mine their desired cryptocurrency.

Nowadays, the number of centralized mining pools involving big investments has skyrocketed compared to a couple of years ago.

🌐 A pool may contain hundreds of thousands of miners, each using specialized protocols, and shares are the principal concept of each mining pool. This allows the fair rewarding of every miner taking part.

In other words, these pools are crucial when it comes to the blockchain field in general, and knowing how to make the best out of it and to simplify the mining process can make it more rewarding.

📉 One of the main problems with blockchain presently is that not only are their mining protocols extremely time and energy-consuming, but they also end up being ineffective.

In order to fix that issue and make the process more efficient, BTCU not only implemented LPoS but we also came up with our very own UPoS algorithm.

👍 While LPoS takes care of the mining process as a whole and makes it more eco-friendly and adaptable, UPoS offers better transaction speed, low and invariable commissions, and full decentralization with anonymity.

BTCU works on not only making processes simpler but also more enjoyable for everyone.

😎 You can make your own future even without a technical background. That is how easy it is with BTCU.

[BTCU_ULTIMATE]

🌐 In Blockchain, mining refers to the most traditional way of earning cryptocurrency by solving different cryptographic equations using high-end computers.

The problem however with this technique is that it turns out to be extremely energy consuming and thus harmful towards nature.

🌱 To counter such measures and to find a better, eco-friendlier way to mine and profit from cryptocurrency in general, BTCU has decided to implement leasing and staking in its platform in an algorithm that ensures everything works smoothly.

Typically, when you purchase crypto and stake it, you claim a certain number of coins through a crypto exchange platforms and your coins go into a Proof of Stake (Pos) wallet.  The simplicity of this interaction ends up making the whole process less time and energy-consuming.

⭐ While leasing in BTCU is used as a way to increase the supply of circulating coins. We then have UPoS, which not only gives you standard staking capabilities but also enables Leasing.  Thus allowing you to have the best out of both worlds.

💙 BTCU's mining algorithm was specifically made to offer its users better speed, complete decentralization, and lesser energy consumption. Because our user's comfort is our top priority here at BTCU.

[Prime]

I ma no longer interested or believe in Bitcoin Fork coin again moreover after we have known some of the top Bitcoin forks are still debatable, moreover with the low value and also liquidity so far.
Additionally, I can only find about this information on CMC:
https://coinmarketcap.com/currencies/bitcoin-ultimatum/

[BTCU_ULTIMATE]

I ma no longer interested or believe in Bitcoin Fork coin again moreover after we have known some of the top Bitcoin forks are still debatable, moreover with the low value and also liquidity so far.
Additionally, I can only find about this information on CMC:
https://coinmarketcap.com/currencies/bitcoin-ultimatum/

All greetings! You can not fully judge the BTCU coin before it's listed at least on any exchange. So no need to make such early conclusions. In case you are fudding, I'd recommend you to stop doing this in our official thread.

[BTCU_ULTIMATE]

⚡️ Bitcoin's massive energy consumption is no secret to the world. However, as time has yet proven to us again, the problem only keeps getting worse.

So far this year, Bitcoin seems to have already consumed more energy than it did in all of 2020. The numbers are roughly approximate but it has been deemed that by the end of the year Bitcoin would have overall consumed 91 terawatt-hours according to a Bloomberg post.

😔 This e-waste is not only energy-degrading but also resource-wasting and is an issue that most are hoping to fix before the consequences become irreversible.

What makes BTCU so different and special is that it was developed with the purpose of tackling the energy consumption problem that both Bitcoin and Ethereum face. A problem that is mainly associated with mining, scalability, and transaction anonymity.

⭐️ BTCU's development of smart contracts and efforts in making the system interoperable make it the perfect ecosystem to trade, invest and interact with cryptocurrency in the most eco-friendly, time-saving way there is.

😉 BTCU is here to give you a never-before experience in crypto, all you have to do is sit back and enjoy.

[BTCU_ULTIMATE]

🎄 Christmas is here and so is the time for everyone to relax and be proud of what they've accomplished so far this year.

🤗 We're extremely happy to have such an active and helpful community that works hand-in-hand with us to make BTCU the best it can be.

💙 Bug-bounty hunters, ambassadors, validators, everyone doing their best to assist us - Thank you for all of your efforts and for being so helpful.
Wishing you all a season of joy and prosperity, may our success extend to the years to come❗

[BTCU_ULTIMATE]

🥳 Happy and prosperous new year to everyone!

🤗 Every year that passes by is bound to have its own share of challenges and hurdles, but having such a great community that's always working with us hand-in-hand to better BTCU is a blessing we'll always be thankful for.

🚀 Whether you be a validator, bug-bounty hunter, ambassador, or even a simple by-stander who just wishes for our blockchain to reach new heights, know that you all play a great role in supporting us and making us strive for better results.

💙 Thank you everyone, for all your support during this year. Looking forward to the next one hoping that it'll be just as fruitful and full of opportunities!

[BTCU_ULTIMATE]

🔹️ Interoperability by definition is the ability of different computer systems to exchange information and value.

Unfortunately, both Bitcoin and Ethereum still have plenty of interoperability issues which is nothing short of an impediment to their development - and they're not the only ones.

💪 A lot of blockchains do not work together and are rather independent, and thus far there is no proper way to allow different networks to communicate with each other. But that's where BTCU comes in.

The BTCU network is being built in a way that allows for complete interoperability. This is carried out by the implementation of atomic swaps at the level of smart contracts.

🔁 This creates a service for value exchange between networks and thus enables the transfer of tokenized assets from one network to another in a single click without any real restrictions.

BTCU wants to revolutionize the way the market works and the way we're used to be with blockchains in general.

🚀 This interoperability factor is sure to change the tide of things and bring transactions to a whole new level.

[BTCU_ULTIMATE]

🔁 When it comes to scalability concerning blockchains, it usually refers to its limitations when processing transactions.

One of Bitcoin's biggest challenges is how it still has trouble evolving scalability-wise due to its previously implemented protocol. It's still at 7 TPS.

Even Ethereum, albeit having introduced smart contracts, still remains limited when it boils down to it.

🌐 BTCU, however, is different. As it took the best of both of worlds, BTCU turned out to be extremely advanced, and one of its main focuses is offering better scalability for its community.

So far, BTCU is expected to achieve a blockchain constant throughput of 200 TPS, with the ability to scale up to 10,000 TPS.

😎 Scalability remains one of the most important features of a blockchain, which is why it'll always be a BTCU priority as we try to better it.

[BTCU_ULTIMATE]

🌐 Decentralization is becoming an important aspect of our lives and is taking over finance more and more.

The benefits that come with it are many and no one can truly deny its worth.

🔹️ One of the main structures that BTCU is built on is said decentralization. We want all our participants to feel like they have the power to make their own decisions and be in control.

For us to reach perfect decentralization we have implemented different tools in the platform. One of them is the addition of economic opportunities such as leasing or even consensus reaching algorithms such as PoA.

🤗 Plus, as we've mentioned in our previous posts, there are also validators and general network participants. The more in the network, the more BTCU staked, and the greater decentralization is.

💙 Your days of worrying about a third-party messing with your transactions are over. With us, you can discover decentralization at its finest and also enjoy it at its fullest.