Sometimes I am asked the question: how is your BTCU coin better than others?
Bitcoin Ultimatum has many advantages. Let's take a look at one of them:
Each transaction on the network (blockchain) needs to be independently confirmed in order to be processed. Already existing blockchains have pre-defined block sizes (1MB for BTC, but size varies based on a specific protocol). This places a constraint on the number of transactions each protocol is able to process per second. For Ethereum blockchain, the limit of the network is currently about 1,000,000 per day, with a small room to increase. However, in order to hit scale, blockchain networks should be able to process thousands to millions of transactions a day, something that is proven challenging in the current blockchains. This is known as the scaling problem- as many people use these networks, they slow down and become incredibly expensive to use.
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For example, while Visa can process up to 24,000 transactions per second (tps), Bitcoin network can only process 7 tps and Ethereum can handle 20 tps. In order to achieve mass adoption, cryptocurrencies must catch up with VISA’s capability.
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The demand by businesses to leverage the technology towards building and running efficient operations can and is been met. Although current blockchain networks cannot process up-to 500 transactions per second, the creation of BTC Ultimatum (BTCU) seeks to address this issue by providing a technological solution for the implementation of blockchain- considering scalability as a major factor; in business and social processes.
Thus, BTCU coin solves the real problems of real users!