The new cryptocurrency Unit-e, created by North American researchers, is several thousand times faster than Bitcoin. Therefore, it can become a new threat to Bitcoin.
A group of scientists from the Massachusetts Institute of Technology (MIT), Stanford, and the University of California, Berkeley have developed a new cryptocurrency under the working name Unit-e. The project was funded by the non-profit organization Distributed Technology Research (DTR), which includes representatives of seven major us universities, and this was its first initiative. Pantera Capital, an investment blockchain Fund, also supported the development of the project.
The Unit-e virtual currency has managed to surpass Bitcoin, Etherium and other current tokens, although not yet in terms of value. The project developers managed to solve the problem with high system speed: the Unit-e network can process up to 10 thousand transactions per second.
Despite the promising cryptocurrency Unit-e and attempts to modernize existing transaction systems, the crypto market is still declining amid increased distrust of large investors.