UnitedBitcoin Is Another Pointless Bitcoin Airdrop


As if the Bitcoin hard fork situation weren’t complicated enough, it seems that yet another contender has entered the ring. UnitedBitcoin is perhaps one of the more ironic names, given the fact that the community is so divided on several topics. It is an interesting creation, although it remains to be seen whether or not there will be any major interest in this project. The currency will be known across exchanges as UBTC, assuming anyone even supports it.   UnitedBitcoin Seems to be Another Joke The world genuinely doesn’t need more Bitcoin hard forks which offer nothing new or interesting. Cloning existing code and slapping a different name on it will not fly in the cryptocurrency world; that much is evident. UnitedBitcoin will face an uphill battle in this regard, even though the team claims to introduce some noteworthy improvements on the actual Bitcoin. It is a story we have heard dozens of times in the past, yet there is hardly any truth to these claims. As one would expect, UnitedBitcoin will utilize proof-of-work with the same SHA-256 algorithm as Bitcoin. It will have a much lower mining difficulty, though, which may attract some miners in the coming weeks. It also has the same volume, block time, and reward halving schedule as Bitcoin itself. In these regards, there is absolutely nothing about UnitedBitcoin that will be of great interest to early adopters. The currency will not replace the Bitcoin we know and love by any means. What is different compared to Bitcoin is that UnitedBitcoin combines Segregated Witness and an…
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