[ANN] [BTCU] Bitcoin Ultimatum - a new-generation Bitcoin fork

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Dear Community❗️

🤗 We invite you to another OpenbusinessCouncil & BTCU powered event: NFTs BUSINESS LIVE on the 26th of May at 13:00 UK Time. The event will stream live on Dinis Guarda's (BTCU Strategic Development Officer) YouTube channel.

 

😎 The event will gather top industry leaders and experts in blockchain and innovative companies like Eric Ma (CEO of BTC Ultimatum), Patrick Tan (CEO & General Counsel for Novum Alpha), Javed Khattak (Business Consultant & an award-wining CFO), Prashant Suranba Jain (Founder of Snapper Blockchain Technology & Innovation) and the moderator, Dinis Guarda (Executive Chairman openbusinesscouncil)

📽 You can watch the live event on Dinis Guarda's YouTube channel (https://www.youtube.com/c/DinisGuarda/videos), on Wednesday 26th May, at 13:00 UK Time.

 

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👋 Hello Community! Here is another #ceospeaks update❗️

On the 26th of May, a panel of well-versed business and blockchain experts gathered at the OpenbusinessCouncil & BTCU #NFTsBUSINESSLIVE hosted by Dinis Guarda (Executive Chair openbusinesscouncil). 

😎 CEO Eric Ma was a member of the panel that delved into the importance and relevance of NFTs, the limitless potential of the new asset class, the variations and special relations between NFT trading and investment. 

Yet again, we bring you a brief video of Eric's view on the subject and how BTCU is working to position itself as a leader in this niche.

Looking to broaden your knowledge about the potential of NFTs, and what BTCU offers❓

🎥 Check out the video: 
 

 

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😎 In today's #ceospeaks, we bring you the final edition of CEO Eric Ma's speech at the OpenbusinessCouncil & BTCU #NFTsBUSINESSLIVE hosted by Dinis Guarda (Executive Chair openbusinesscouncil)

 

Particularly, "His advice to people when it comes to businesses relating to NFTs". 

 

🔹 BTCU's Ma highlighted the importance of due diligence on the part of investors before investing, what participants in the crypto industry can continue to do to propel it, and how the #BTCUteam is taking the bold decision to be at the forefront of how NFTs will be used in the business world.

 

🎥 Watch all about it in this concluding #ceospeaks episode:

 

 

Edited June 18, 2021 by BTCU_ULTIMATE

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💪 Building a next-gen blockchain that has combined capabilities of the two leading blockchains (Bitcoin and Ethereum) required a capable team of experts in their respective fields, competent leadership and pure commitment. 

 

😎 The team behind BTCU certainly checks all these boxes. We carefully selected experts in blockchain and Fintech to lead the team. Among them is CEO Eric Ma, who is a former core member of CoinMarketCap and a past CEO of a cryptocurrency exchange based out of Singapore. 

 

🔹️ Cofounder Nikolai Udianskiy is a highly respected leader in the industry because of his involvement and ability to create top exchanges within the industry. Our COO Bohdan Prilepa is multifaceted having previously been CMO, CEO and co-founder of several startups in the space. 

 

🔹️ Dinis Guarda and Juliet Su working as strategy brain trusts, contribute to strengthening and leading the team in the right direction when it comes to market trends and the future development of BTCU. 

 

🔹️ Rounding off the leadership, we have Andrew Saranenko working as CTO, BDO Andrei Kurkin, and CMO Vadim Yarmak who have a combined experience of 15+ years in the blockchain industry. All being close associates of Nikolai over the years, he has a personal understanding of each one’s strength within the industry and their ability to contribute to BTCU success.

 

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🌐 A few years ago, people would have made a mockery of you if you told them you hold part of your investment portfolio in cryptocurrency. However, reality has changed on the subject of alternative investments, and cryptocurrency is leading the way.

 

Why❓

There are many reasons for that. Thus, the financial aspect, and of course, the potential of blockchain technology. 

 

🔹️ Next-gen blockchains, notably, BTC Ultimatum (BTCU), offer more than a simple investment opportunity.  Whether it be smart contracts, leasing and staking, or even complete anonymity - BTCU has it all. Plus, to top it all off, it's not even limited to those aspects alone. You can count in as well assets tokenization to rights management, supply chain and document flow to Cross-border payments, easy access to patients medical records in the health sector, and much more for the user to discover.

 

➡️ Click on the link to read and listen to what Robert Kiyosaki - author of the famous "Rich Dad Poor Dad" - had to say about cryptocurrency investment, why price drop is an opportunity for investors and more.

 

Edited June 28, 2021 by BTCU_ULTIMATE

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💠 The development of a next-gen blockchain is no easy feat, nor is it a project that can be completed in a single day or two.

 

👍 The BTCU team is constantly working on breaking out of the typical norms we’ve been used to. Thus far, features such as smart contracts, leasing and staking, and private transactions in a single decentralized network have been implemented.

 

💪 Concerning future endeavours, more details will be given as we go on. A quick example would be atomic swaps, which are being developed as the ecosystem grows, although, for the time being, the BTCU platform is more focused on project building as well as the tokenization of assets as an NFT, especially for real estate. 

 

😎 Aside from that, so far BTCU has been in numerous partnerships such as with World smart Cities Forum, the citiesabc part of techabc platforms smart cities index and there are plans for further partnerships which will be revealed later on. The project keeps growing and the team keeps giving its best at every turn. You can expect soon enough more network testing and a switch to a non-linear protocol as well as more focus on mobile wallet pilots. 

 

Stay tuned in❗

 

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🔵 NFT means non-fungible token. These tokens are digital assets that allow us to obtain special items that can either exist in real life or digitally. These items can be extremely different and range from collectibles, videos, music, and even works of art. 

 

Each item will have for sole owner the person who managed to obtain them, which we can be thankful for due to the NFT build in the metadata, which officializes the ownership and registrates it on a blockchain.

 

💰 Now, some people might believe that NTF’s aren’t a thing and that they don’t have much of a value, but fact of the matter is they do - the NFT phenomenon is real. The most obvious examples would be people who sell their arts for millions of dollars or even tweets and videos, and you know what? They really end up being sold, which just proves how much success NFT's have.

 

🚀 All of this, is the reason why BTCU decided that developing the tokenization of assets as NFT would allow people more freedom, liberty and security when it comes to their assets, but also an immense potential of growth in an extremely high value market.

 

Because with BTCU, the future is now❗

 

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🔹️ A BTC hard fork refers by definition to a change that occurs to BTC's blockchain which ends up giving us two split branches. One that is following up on the previous protocol, and another that matches the new version we've obtained.

 

These new versions of BTC are completely split from the original, as neither fully matches the other. They usually see the light of day to "improve" some of the aspects in which Bitcoin is undeniably lacking.

 

💪 The most recurrent examples would be BTC's mining massive energy consumption, wobbly scalability, and more-than-often questionable anonymity. Because yes, perhaps it might be today's most popular cryptocurrency, however, the potential "risks" that come with it make you question whether it is truly worth all the fuss.

 

But this is where BTCU comes into action. Because you see, perhaps there are forks such as Bitcoin Cash that address Bitcoin's scalability, Bitcoin Gold that takes head-on BTC's mining issues, or even Bitcoin Private (BTCP) that ensure users privacy, but none of these "solutions" were ever combined or put together for maximum efficiency - BTCU however, is here to change that.

 

😎 The BTCU blockchain is similar to the Ethereum concept that generally opposes standard overpriced mining methods. The additional functions that set it away from the other BTC forks are the creation of smart contracts as well as native atomic swaps as the basic principle for the implementation of transactions.

 

 At the end of the day, this introduces a new level of creation and development of dAPP solutions, with measures that make it more comfortable for the user to have and everything simply much easier. Because for BTCU, what matters to most are not only the results but also the means❗

 

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🔥 As the digital ledger that we most commonly know as "Blockchain" is starting to take us over more and more, mentions of things related to it with equal benefits are starting to rise.

 

💰 One of those most common things is DeFi - decentralized finance.  The latter is a blockchain-based version of traditional finance that is yet different from it; it doesn't require relying on intermediaries.

 

🌐 It allows financial products to become available even for the general public, all of which are in a decentralized blockchain network. The only "middleman" here would be the software that you'll be using, not some other person trying to potentially take advantage of you.

 

😎 Surely, this alone must pique people's interests. Imagine the possibility of doing what you want and actually being in control,  that, being in a promising ecosystem that keeps getting better by the day. This is a thing that BTCU constantly aims to accomplish, which is why DeFi is one of BTCU's most recent focuses.

 

The market is more accessible, you have the opportunity to get acquainted with cryptocurrencies and all the new trends that are bound to change the way we see the economy - what else could one hope for❓

 

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🙄 As cryptocurrencies' importance keeps getting bigger by the day, there's always been a single variant that has been on people's minds over and over and to which counter-measures have finally started being properly taken. 

⚡️ The most concerning issue when it comes to cryptocurrencies is their mining mechanism and more specifically how much energy it ends up consuming. According to Cambridge University, the rough estimate for Bitcoin alone would be the use of even more electricity annually than Argentina as a whole.

🔹 To counter such a high energy consumption, from the very beginning, BTCU has worked on creating a new energy-efficient mining algorithm - UPoS (Ultimatum PoS).

To prove how much the integration of this algorithm is worth, one only has to follow the news. As even world-leading figures such as Elon Musk have begun tackling this topic with more seriousness and started taking counter-measures towards nature's degradation due to mining.

😎 We strive to be always one step ahead. What's on our mind is the best not only community-wise but also development-wise, and truly how can we even live in this world if it ends up rotten due to our practices?

🌱 BTCU is aiming for sustainability, energy-renewability and safety. Because if the traditional ways won't work, then we must upgrade and find the best solutions to secure our future.

 

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🌍 With the adoption of cryptocurrencies becoming more prominent in our modern world, we have been able to notice and understand the key points and factors that make it better than our more traditional means of payment. 

👤 One of the main issues that have forever bugged people's minds is the lack of proper anonymity. A problem that Bitcoin was first to address and tried to fix, but as time has shown us, it wasn't able to fully tackle it.

😎 Here at BTCU, we value our user's anonymity because not having such an important factor, or having it while being underhanded, could hurt you as well as your business.   

💰 Not only is your identity protected and not revealed, but you are also protected from potential scams or invasions of privacy. Thanks to the solution we offer, you'll be able to use the coins you own as freely as you'd like without fearing any leaks or potential cyber-attacks.

🔹️ This principle is possible thanks to our implementation of the ZeroCoin protocol. It works without relying on a central coin issuer, and even if on the flimsy chance of nodes being compromised since the system is built on top of Bitcoin it'll be distributed among its peers regardless of the situation.

🤗 Allow yourself the freedom of using your coins without being wary of whether it'll end up having some negative repercussions. Because BTCU always aims to give you the support you need to feel safe and free.

 

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🔹️ In our Last post, we've talked about how much anonymity was a key point for us here at BTCU, and we've also mentioned how we have implemented a protocol that works to secure that - The Zerocoin Protocol.

 

👤 As mentioned previously, the protocol does not rely whatsoever on a central coin issuer or a bank. The protocol ensures that your identity remains safe and incognito.  

 

👍 Each user can convert non-anonymous BTCU into zBTCU.  The latter is the anonymous currency that we have created. This process allows you to carry the transactions without the risk of being traced. 

 

ℹ️ Furthermore, with this protocol, users can not only make direct payments to each other with the source being kept hidden, but it also hides the amount of the payment.

 

💰 BTCU has worked on making this privacy-protecting, digital currency for the comfort of our community and their privacy. It's easy to use, efficient and works perfectly.  Because our community is our pillar, and we're constantly working to give them the best.

 

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💰 It's summer 2021 already, and what had appeared to be just an uproar last year ended up settling in and becoming part of our reality - we're talking about Decentralized Finance (DeFi for short).

 

💪 DeFi proved to us during this year that it was massive, important, and here to stay. The fact that this system is so novel and creative in its ways of detaching itself from tradition is what gives it its strength.

 

No one ever really likes being watched or scammed, do they❓

Well, thanks to DeFi, your more traditional financial systems that had middlemen who would probably ask for outrageous sums in terms of commissions are no more.  

 

😎 It's built on a blockchain that includes smart contracts, protocols and dApps all of which open up to you the opportunity to take part in a financial ecosystem where you can build whatever you want in a decentralized way.  And guess who is the platform leader of the DeFi application? - Ethereum. 

 

🔹️ At BTCU, we working on the integration of EVM (Ethereum virtual machine) technology into our network for the better implementation of said DeFi.

 

👍 We don't want you to just work on your projects on BTCU, but we also want to give you the opportunity of transferring the already implemented ones. 

 

🌍 DeFi is changing the world, and we want to give you front-row seats for it.

 

Edited August 17, 2021 by BTCU_ULTIMATE

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😎 In our last post, we talked a bit about how we were implementing the EVM (Ethereum virtual machine) technology into our system. Today, we'll be quickly going through one of the things that EVM gives us a key to - smart contracts. 

 

➡️ Smart contracts by definition are self-executing contracts with already set predetermined conditions. Once said conditions are met, the agreement can be executed automatically without having to go through a third party. 

 

👤 Each network user can create a customizable smart contract as long as it goes with EVM standards. All a user needs are the conditions and methods of interaction with the network. These smart contracts allow in other terms users to create decentralized applications

 

🔹️ These dApps are blockchain-enabled apps, and smart contracts allow them to actually access the blockchain.

 

🔹️ The integration of this system avoids denial-of-service attacks, saves time, protects your privacy, and ensures complete data integrity.

👍 BTCU decided to implement it for those reasons and because our user's comfort is what matters most. Thanks to these smart contracts and dApps integration, the decentralization factor will become much more prominent are more opportunities will be open for everyone (such as atomic swaps).
 

Edited September 1, 2021 by BTCU_ULTIMATE

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As most of you might already remember, our previous post had a small mention by its end that we didn't dwell much upon, and that's because we will right away❗

 

👋 Welcome back dear BTCU community! Today we'll be going through Atomic swaps. 

 

We've previously talked about smart contracts and about how they work, didn't we❓

Well, an Atomic Swap is actually a smart contract technology by itself! 

 

🔁 This technology enables you to exchange one cryptocurrency for another without going through any third-party centralized intermediaries. 

 

💰 This will enable you to not only speed up the transaction process but also for you to trade coins directly from your wallet.

 

🔹️ What makes atomic swaps so special is how decentralized they are, how free of risk they make you, and how the only fees you'll have to pay are the standard blockchain transaction fees.

 

On top of that, since Atomic Swaps revolve around the use of Hash Timelock Contracts (HTLC) this requires both parties of the transaction to confirm it and to acknowledge it. If either of the parties fails to do so then the transaction will be canceled, in other words, your funds will always be secure❗

 

😎 What we are aiming for at BTCU, is for these Atomic Swaps to revolutionize the way we transfer money and make the experience much more easier and enjoyable.  

 

🚀 Implementing them means taking another step towards the future, and giving BTCU users that opportunity too.

 

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🔹️ Legitimacy, security, and privacy of stored information have always been subject to the concerns of many.

 

🌐 Traditionally, it's undeniable that all those factors can be compromised. However, as modern technology keeps advancing by the day, it has come to the point of giving us a way to avoid such problems - blockchain.

 

❗ By nature, blockchain operates in a way where safety and trust are its main pillars. 

 

🤗 The cryptographic and decentralized aspects, make it so that tampering with anything in the blockchain is pretty much impossible. Plus, for transactions, the consensus mechanism guarantees the validity or correctness of each to occur. 

 

🔵 These same aspects are also some of the pillars of BTCU combined with more innovative ideas (such as our ZeroCoin protocol, or the leasing and staking process).

 

👍 Thanks to this security and the fact that the database is pretty much limitless, it is even being argued that blockchain archives could store data across worldwide nodes, making it permanent in the blockchain and forever engraved. And this is just one of the many advantages that blockchain has!

 

😎 BTCU's next-gen bitcoin fork is all that and much more! You have anonymity, smart contracts, simplicity, leasing, and other features for you to discover!

 

➡️ Find out more at https://btcu.io/

 

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💰 Traditional financial systems will always be somewhat lacking whether it be in terms of security, reliability, or even speed of transactions. 

 

This is one of the many reasons why the public's interest is beginning to shift towards more "fruitful" and modern ones. Blockchain, and its decentralized nature, is arguably the most promising field thus far.

 

🔹️ One of the best features of blockchain is that, since it's decentralized, user data is pretty much as safe as it could be. Plus, when it comes to actual transactions, cryptocurrencies have no need for a central authority or third-party action the way you would traditionally.

 

Such measures ensure not only data protection but also anonymity and quick transactions without interruptions. What's best is that every party in the transaction has full transparent access to every information stored within its block of chain and that said transaction won't take place unless all conditions are met.

 

😎 BTCU kept all of this in mind while building itself, and also added more innovative features to the lot! 

 

Not only is BTCU fully decentralized but it also worked on implementing things such as smart contracts or even leasing and staking to add to its user's comfort.

 

💙 These options were made for you, and with BTCU you can get the best out of blockchain and decentralization without any worries.

 

 

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☝️ In our previous post, we went through how important decentralization was. And why it was an aspect we favor here at BTCU.

 

🔹️ Today we're going to briefly talk about consensus algorithms, and how they play a role in said decentralization.

 

😤 Generally, since only small percentages of coins are mined and the profit for full nodes holders in PoS is small the network becomes vulnerable. The main thing to deal with this issue is by assigning mining authority to another person, which in turn ends up just making the system centralized, instead of decentralized the way we need it. 

 

👍 This is where new consensus algorithms come into the picture. These processes have the power to solve the issue at hand and bring it back the oh-so-needed decentralization and just make things generally quicker.

 

🚀 BTCU is aiming for a roof of 10000tps by its implementation of PoA- algorithm of transaction as well making its consensus. 

 

🔹️ The Ultimatum PoS (UPoS) is a combination of Leased Proof of Stake (LPoS) and Proof of Authority (PoA). This concept allows it to have to best out of each world there is and create a perfect algorithm. Higher transaction speeds, low and invariable commissions, full decentralization, and more. You name it, UPoS most definitely got it.

 

💙 All of this was specifically made to give BTCU's users the best there is, and enjoy blockchain to its fullest extent without worries.

 

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💰 Decentralized Finance (or DeFi for short), has proven itself to be quite the asset in our modern world's finance.

 

This "new" genre allows people to create smart contracts that automatically execute actions on the blockchain without banks, brokers, or corporations which would usually be present in your typical traditional market.

 

At first, a lot of people were skeptical about the use of DeFi. Most chose to call it a simple wave of hype that'll eventually die, but as time has proven to us it didn't, nor is it ready to go anytime soon.

 

📊 For instance, up until this summer, Dune Analytics has made a short research which proved that the new number of users that have begun interacting with DeFi has risen to 3,300,559 users (as of today). 

 

This number applies only to users with unique addresses and said interaction remained the same whether it be in a bullish or a bearish market.

 

All of this just keeps proving to us how important DeFi is and how its implementation is no longer a "maybe" but a must.

 

🔁 BTCU's integration of DeFi allows its users to have better transaction speed, anonymity, lower fees, and even the ability to transfer your previous projects.

 

🌍 DeFi is taking the world by storm and BTCU is here to give you the key to enjoy it the best you can.

 

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💪 We've already covered how both DeFi and NFTs are becoming massive game-changers in today's world. Little did you know that when put together, they become an unstoppable force.

 

To cut to the chase, DeFi needs NFTs and vice versa. How❓

It's simple. Throughout this year DeFi has reached heights that not many believe in and exceeded everyone's expectations. This progress and maturity, however, are making it so that DeFi's "fungibility" is no longer enough.

 

Think about it, if it's just about owning an asset or another, then might as well just go for NFTs as it would make more sense.

 

As for NFTs, the basis of their representation as tokens is directly correlated to the DEX-based liquidity pools.

 

In other words, it just seems as if both these factors can't help but gravitate towards each other. It even seems as if the most proficient DEX traders are also NFT collectors.

 

😎 BTCU allows its users to have the best of both worlds, all in one place. The NFT implementation is imminent and DeFi has always been the base of BTCU.

 

BTCU gives its users opportunities that might've never crossed their minds previously with amazing perks. Be it better transaction speed, anonymity, staking, leasing, and much more❗️

 

💙 With us, you can make your dreams a reality and shape them the way you want.

 

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🔹️ Typically, a mining pool is a group constituted of cryptocurrency miners who "pool" their efforts and resources together to either find a block or to simply mine their desired cryptocurrency.

 

Nowadays, the number of centralized mining pools involving big investments has skyrocketed compared to a couple of years ago.

 

🌐 A pool may contain hundreds of thousands of miners, each using specialized protocols, and shares are the principal concept of each mining pool. This allows the fair rewarding of every miner taking part.

 

In other words, these pools are crucial when it comes to the blockchain field in general, and knowing how to make the best out of it and to simplify the mining process can make it more rewarding.

 

📉 One of the main problems with blockchain presently is that not only are their mining protocols extremely time and energy-consuming, but they also end up being ineffective.

 

In order to fix that issue and make the process more efficient, BTCU not only implemented LPoS but we also came up with our very own UPoS algorithm.

 

👍 While LPoS takes care of the mining process as a whole and makes it more eco-friendly and adaptable, UPoS offers better transaction speed, low and invariable commissions, and full decentralization with anonymity.

 

BTCU works on not only making processes simpler but also more enjoyable for everyone.

 

😎 You can make your own future even without a technical background. That is how easy it is with BTCU.
 

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🌐 In Blockchain, mining refers to the most traditional way of earning cryptocurrency by solving different cryptographic equations using high-end computers.

 

The problem however with this technique is that it turns out to be extremely energy consuming and thus harmful towards nature.

 

🌱 To counter such measures and to find a better, eco-friendlier way to mine and profit from cryptocurrency in general, BTCU has decided to implement leasing and staking in its platform in an algorithm that ensures everything works smoothly.

 

Typically, when you purchase crypto and stake it, you claim a certain number of coins through a crypto exchange platforms and your coins go into a Proof of Stake (Pos) wallet.  The simplicity of this interaction ends up making the whole process less time and energy-consuming.

 

⭐ While leasing in BTCU is used as a way to increase the supply of circulating coins. We then have UPoS, which not only gives you standard staking capabilities but also enables Leasing.  Thus allowing you to have the best out of both worlds.

 

💙 BTCU's mining algorithm was specifically made to offer its users better speed, complete decentralization, and lesser energy consumption. Because our user's comfort is our top priority here at BTCU.
 

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⚡️ Bitcoin's massive energy consumption is no secret to the world. However, as time has yet proven to us again, the problem only keeps getting worse.

 

So far this year, Bitcoin seems to have already consumed more energy than it did in all of 2020. The numbers are roughly approximate but it has been deemed that by the end of the year Bitcoin would have overall consumed 91 terawatt-hours according to a Bloomberg post.

 

😔 This e-waste is not only energy-degrading but also resource-wasting and is an issue that most are hoping to fix before the consequences become irreversible.

 

What makes BTCU so different and special is that it was developed with the purpose of tackling the energy consumption problem that both Bitcoin and Ethereum face. A problem that is mainly associated with mining, scalability, and transaction anonymity.

 

⭐️ BTCU's development of smart contracts and efforts in making the system interoperable make it the perfect ecosystem to trade, invest and interact with cryptocurrency in the most eco-friendly, time-saving way there is.

 

😉 BTCU is here to give you a never-before experience in crypto, all you have to do is sit back and enjoy.

 

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 Christmas is here and so is the time for everyone to relax and be proud of what they've accomplished so far this year.

 We're extremely happy to have such an active and helpful community that works hand-in-hand with us to make BTCU the best it can be.

 Bug-bounty hunters, ambassadors, validators, everyone doing their best to assist us - Thank you for all of your efforts and for being so helpful.

Wishing you all a season of joy and prosperity, may our success extend to the years to come

 

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🥳 Happy and prosperous new year to everyone!

🤗 Every year that passes by is bound to have its own share of challenges and hurdles, but having such a great community that's always working with us hand-in-hand to better BTCU is a blessing we'll always be thankful for.

🚀 Whether you be a validator, bug-bounty hunter, ambassador, or even a simple by-stander who just wishes for our blockchain to reach new heights, know that you all play a great role in supporting us and making us strive for better results. 

💙 Thank you everyone, for all your support during this year. Looking forward to the next one hoping that it'll be just as fruitful and full of opportunities!