UnitedBitcoin (UB ) is a derivative from Bitcoin at block height 498,777 on December 12, 2017. UB’s network is 100% inherited from Bitcoin. UnitedBitcoin’s ticker is UBTC.
UnitedBitcoin aims to realize and fulfill the promise of blockchain technology by applying its transformative abilities to support real-world use cases and supplement global financial and payment systems.
UB builds on the pressure-tested aspects of Bitcoin’s original technology such as increasing the block sizes from 1MB to 8MB and the number of transactions each block can support from 7 to 60 per second. This is expected to change as the technology improves.
UnitedBitcoin has launched smart contracts (supporting programming in popular languages such as C#, Java, Lua, and Kotlin) to improve usability and accessibility and encourage widespread adoption of smart contracts.
To further boost scalability and real-world usage, UB has also launched a stable coin (UUSD) pegged at a 1:1 ratio to fiat currencies.
UBTC transactions occur and are recorded on the blockchain. The software that maintains the UB wallet is open source and continually executes on a distributed network of servers operated by a variety of organizations. The open source code base actively develops and maintains reliability.
No party can freeze UBTC, including UnitedBitcoin. All transaction on the UBTC blockchain are public.
UBTC is not centralized. This is the top misconception regarding UBTC.
Centralization implies that a single entity controls UBTC. While the UB project contributes to the open source code of UBTC, we don’t own, control, or administer it. UBTC is a decentralized cryptocurrency.
UnitedBitcoin has an interest in supporting UBTC for several reasons, including contributing to long-term strategy and encouraging the use of UBTC as a liquidity tool in the community and enable the ecosystem to grow.