Spil if the Bitcoin hard fork situation weren’t complicated enough, it seems that yet another contender has entered the stadionring. UnitedBitcoin is perhaps one of the more ironic names, given the fact that the community is so divided on several topics. It is an interesting creation, albeit it remains to be seen whether or not there will be any major rente ter this project. The currency will be known across exchanges spil UBTC, assuming anyone even supports it.
UnitedBitcoin Seems to be Another Joke
The world genuinely doesn’t need more Bitcoin hard forks which offerande nothing fresh or interesting. Cloning existing code and spanking a different name on it will not fly te the cryptocurrency world, that much is overduidelijk. UnitedBitcoin will face an uphill battle te this regard, even however the team claims to introduce some noteworthy improvements on the contemporáneo Bitcoin. It is a story wij have heard dozens of times te the past, yet there is hardly any truth to thesis claims.
Spil one would expect, UnitedBitcoin will utilize proof-of-work with the same SHA-256 algorithm spil Bitcoin. It will have a much lower mining difficulty, however, which may attract some miners te the coming weeks. It also has the same volume, block time, and prize halving schedule spil Bitcoin itself. Te thesis regards, there is absolutely nothing about UnitedBitcoin that will be of fine rente to early adopters. The currency will not substitute the Bitcoin wij know and love by any means.
What is different compared to Bitcoin is that UnitedBitcoin combines Segregated Witness and an 8MB block size. Wij have seen other upcoming Bitcoin hard forks use a similar strategy, however, which only makes UnitedBitcoin even less unique. The addition of wise contract capabilities and support for the Lightning Network ter the future are commendable. However, all of that is coming to Bitcoin itself spil well, which means UBTC will always remain a 2nd or third choice te this regard.
The team claims its wise contract implementation is something the world has never seen before. Whether or not that is even remotely true remains to be determined, tho’. It is good to see wise contracts getting so much attention, but there are still slew of issues associated with this technology te its current form. It is very doubtful UnitedBitcoin will make an influence ter this regard, but wij will find out for sure soon enough, spil the hard fork goes into effect on December 12.
Whether or not anyone will care about UnitedBitcoin also remains to be determined. There is very little reason to get excited about this fresh currency, other than for the fact that it will be another free airdrop to existing Bitcoin holders. However, with no exchanges or wallets officially supporting this fork spil of yet, claiming one’s currency may prove a challenge, to say the very least. It also emerges the team will distribute the non-issued UBTC supply to other entities te the ecosystem, including Ethereum, QTUM, Litecoin, HSR, and a few other major chains. That’s a remarkable decision, tho’ one that makes very little sense at this point ter time.
Spil it happens, this project also has one of the more annoying websites out there, spil its background music quickly got on our nerves. It is very doubtful this fresh forked currency will make any sort of influence, let alone leave a mark on the cryptocurrency toneel spil a entire. This spel of issuing Bitcoin clones has got to zekering sooner or straks, spil it is getting pretty ridiculous.