A new-generation Bitcoin fork, combining the best ideas and achievements of the crypto world! A decentralized ecosystem with smart contracts, LPoS mining algorithm in conjunction with PoA, private transactions and other technologies at the heart of BTCU!
Profit Blockchain Ltd. team, which develops innovative blockchain solutions - lead by CEO Nikolai Udianskyi, set the task to create an unique blockchain protocol and implement a solution that would meet all the requirements of the modern crypto community. This solution has become the BTCU blockchain.
The BTCU blockchain provides for the presence of 20 transaction validators on the network, of which 10 are the largest coin holders, who can also act as validators and holders of master nodes. The blockchain provides for smart contracts, anonymous transfers, native atomic swaps and the ability to expand throughput up to 10,000 tps.
The principle of validation and mining
The regulators, distributors and validators in the BTCU network will be authoritative advisers, blockchain companies, and crypto exchanges, which will gain control over the master nodes. This decision was made to unload the network, and to avoid classic, extremely energy-intensive mining. That is why the BTCU blockchain will be based on the LPoS mining algorithm combined with PoA, where LPoS will be used for mining by users, and PoA for transaction validation.
The first event at the start of the fork will be the accrual of Airdrop to all users of the Bitcoin network on wallets identical in the BTCU network in the ratio of 1: 1 to the BTC balance on the fork block! In other words, after fork, all users will be able to find in our network the same amount of BTCU coins as in the BTC network at the time of branching. And most importantly, to use them you only need to log on your own address in the BTCU network. Everything becomes as simple and convenient as possible with BTCU!
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