UnitedBitcoin

Linking values & Serving the world!

{{openTime[0]}} {{openTime[1]}} : {{openTime[2]}} : {{openTime[3]}}
The fork will take place at BTC block height #498777
Overview

UnitedBitcoin upgrades Bitcoin through Smart Contract Implementation

Same Proof of Work and Issuance Model of Bitcoin, with new hi-speed smart contracts

Future Lightning Network support for faster and cheaper transactions

UnitedBitcoin (UBTC) will be allocated to active Bitcoin wallets at a rate of 1 BTC to 1 UBTC at time of fork

No pre-mining, stable system with fiat currency pegged reserves

More

Building on Bitcoin’s Strong Foundations

Original PoW mechanism, UTXO model and blockchain inheritance

1:1 Asset allocation to active addresses, same block-time, halving-time and total cap. no pre-mine.

LIGHTNING NETWORK
INSTANT PAYMENTS

Greatly enhances scalability by introducing payment channels between users.

FASTER TRANSACTIONS
ON-CHAIN SCALABILITY AND SEGWIT

Greatly increases transaction speed by increasing the block-size to 8 MB and supporting SegWit

SMART CONTRACTS
INFINITE POSSIBILITIES

UnitedBitcoin adds smart contract capabilities along with other upgrades to greatly increase the utility and potential of Bitcoin.

PEGGED FIAT CURRENCY SYSTEM

The UB Foundation will manage funds from inactive wallets post fork and foster the ecosystem with them. It will also develop a cryptoasset – pegged to UB’s reserve – against fiat currencies to support projects worldwide.

Roadmap

June 2016UnitedBitcoin team starts the development of smart contracts

The core members of UnitedBitcoin’s development team start the development of LUA based smart contracts.

May 2017The first UVM smart contract is fully tested

Smart Contract and UVM functionality has been successfully tested. Two languages, similar in structure and syntax to C# and JAVA have been added as well.

September 12, 2017Beta test of version 0.1 of UnitedBitcoin (8MB + SegWit)

To speed up testing and facilitate acilitating adoption, smart contracts have been excluded from this test. Testing the increased block-size (to 8MB) as well as SegWit was a success.

December 7, 2017Version 0.5 of the wallet officially migrated to GitHub

The wallet with automated upgrade program is officially migrated to GitHub and all source codes are open to public, more teams around the world joined UB.

December 12, 2017Fork is executed and UnitedBitcoin is launched globally

The fork will happen on December 12, 2017 with UnitedBitcoin officially released and launched globally during an event in Silicon Valley.

January 3, 2018The second phase of Asset Allocation is completed

The manual allocation of assets is completed on January 3, 2018 (started on December 12, 2017), marking an end to the 2nd phase of the Bitcoin asset allocation procedure.

January 8, 2018(Projected) Issuance of the first digital currency pegged to fiat currencies

Based on the color coin program, UB foundation will issue the first digital currency pegged to USD at the ratio of 1:1. Collateral is based on UnitedBitcoin credit.

April 4, 2018(Projected) Upgrade UnitedBitcoin, add support for smart contracts

If there is no delay in testing, UnitedBitcoin will be officially upgraded to a version with smart contract support.

April 14, 2018(Projected) Transfer of all pegged currencies to smart contracts

Because it is too complex for color coins to support smart contracts, in order to support the smart contracts for pegged currencies, all pegged currencies will be transferred to the smart contracts system.

July 1, 2018(Projected) Upgrade UnitedBitcoin with Lightning Network support

If there is no delay in development, UnitedBitcoin will be upgraded to a version with Lightning Network and payment channels support.

Technical team

Jeff GarzikBoard Member & Chief Scientist

A futurist, entrepreneur and software engineer, Jeff is co-founder and CEO of Bloq, a leading blockchain technology company. Jeff is also the chief designer of Metronome.

SongXiu HuaBoard Member

SongXiu is the founder and CEO of Bitbank Group. Founded in 2014, Bitbank.com is the one of the largest cryptocurrency P2P platforms in the world, managing over 260,000 BTC of investment and has distributed profits of over 7,400 BTC.

Matthew RoszakBoard Member, Chief Strategy Officer

Matthew is co-founder and chairman of Bloq, a leading blockchain technology company and a visionary of Metronome – a cryptocurrency engineered for longevity. Matthew is also founding partner of Tally Capital, a private investment firm focused on digital assets and blockchain-enabled technology with a portfolio of over 30 investments, including Blockstream, BTC Media, Civic, Doc.ai, Factom, Genaro, Orchid, Rivetz, Token Report and Qtum.

Alex YangBoard Member, Chief Operating Officer

Alex is founder and CEO of FundV, a hedge fund focused on cryptoassets.Alex is also the co-founder of two TMT venture capital funds, Beam VC and CyberCarrier Capital, that invested in over 30 companies including Testbird, Aipai, Meike, LumiGame, Kadho, VivaVideo, Yalla, Boo!, Krazybee, Indialends, ZoomCar and Mydermacy.

Wouter van der SchagtBoard Member, Executive Director

Wouter is founder and director of the online multi-currency wallet QoinPro, which currently supports over 1 million users. He has about 20 years of development, architectural and entrepreneurial experience, and is certified in multiple IT technologies. He has focused the last several years on cybersecurity, blockchain and cryptocurrencies.

Latest news

Published on {{news.create_date}}

{{news.news_title}}

{{news.news_desc}}

Join Us

Join us, and let's create a new world together.

Contact

Partner

We welcome business cooperation, contact us now!

Contact