Post
Topic
Board Announcements (Altcoins)
Re: 🔥[ANN][BTCU] Bitcoin Ultimatum - a new-generation Bitcoin fork 🚀🚀🚀
by
Ucionasha
on 14/08/2020, 08:43:42 UTC
If the first Proof of Work (PoW) consensus in Bitcoin was to be a guarantee of network decentralization, it is not. We all remember that Chinese companies reduced BTC mining because more than 54% of computing power is concentrated and centralized in their region, which leads to a violation of the decentralization principle.

The creation of BTC Ultimatum (BTCU) is a fix to Bitcoin mining centralization. It is developed switching to an improved LPoS algorithm (combined with PoA) by implementing the BTCU backed consensus - UPoS - as the alternative technical and decentralized solution that fit all the elements of the modern blockchain community.

How do you plan to solve the problems of Bitcoin mining centralization?