Post
Topic
Board Announcements (Altcoins)
Re: 🔥[ANN][BTCU] Bitcoin Ultimatum - a new-generation Bitcoin fork 🚀🚀🚀
by
BTCU_ULTIMATE
on 29/07/2020, 04:33:48 UTC
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.

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.

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!