UnitedBitcoin will establish a credit currency system pegged against fiat currencies, and supporting smart contracts that can serve society, by nurturing worthy blockchain developments. UnitedBitcoin’s network is 100% inherited from Bitcoin. Active bitcoin wallets will receive UBTC at a rate of 1:1, and inactive wallet funds will go toward supporting other high quality blockchains or other projects in the ecosystem.
With smart contracts, the practical application value of UnitedBitcoin will be greatly enhanced.
UnitedBitcoin is a super joint credit carrier with the target to establish a powerful global network and support the ecosystem and improve collaboration by using credit from the UB foundation.
Following this blueprint, Bitcoin’s blockchain will be 100% inherited. Total volume, block-time, halving time and PoW mechanism of UnitedBitcoin will stay the same.
Balances of all inactive addresses will be transferred to the UB foundation, thereafter,
1. Bitcoin users will be able to claim their UnitedBitcoin following the procedure outlined on the “Get UnitedBitcoin” page on this website.
2. 30% of the remaining unclaimed UnitedBitcoin will be used to support at least 10 other projects in the crypto-currency eco-system.
3. The remaining 70% will be used as collateral, to back the issuance of digital currencies pegged to fiat currencies.
Once UnitedBitcoin completes the fork and Bitcoin asset allocation procedure, it will continue building a global credit chain and continue developing UnitedBitcoin to promote a wide, fast and stable exchange of global assets.