After the success of the Testnet and the positive feedback from the community, BTCU Ultimatum launches the BTCU Mainnet, an operational and running next-gen blockchain that aims to make the technology an integral part of our lives.
More than one year in the making, an integral team of experts in crypto have made possible the launch of the true next-gen blockchain. The BTCU Mainnet is designed to be scalable and used in a wide range of applications: from Asset Tokenization to Rights Management, Supply chain and document flow to Cross-border Payments, Governance and Real Estate to Fintech, healthcare and more.
Andriy Saranenko, Chief Technology Officer (CTO) of BTC Ultimatum (BTCU) commented on this milestone: “The technology incorporates a number of practical applications to impact every sector of the economic, business and social processes. Stretching from loan tokenization, rights management, supply chain & document flow to cross-border payments, and easy access to patient medical records in the health sector.
“The Prof-it team has developed a blockchain that stands out in terms of applicability across multiple industries, including payments, supply chain, retail, and more. Additionally, it provides superior technology by addressing scalability, privacy and security in blockchain systems that usher in a new matrix in solving the long-standing issues of the cryptocurrency community.”
The BTCU Mainnet is built on a brand-new developed Orion Network. The Orion network has been created as the official platform for testing and evaluating the performance of the network and its ecosystem. Participants can check their BTCU accrual in the explorer on: https://explorer.btcu.io/.
This network also allows for downloaded wallets to work in test mode. The BTCU team is always looking to improve and will use the Orion network in order to get feedback from the community and to test the protocol, leasing, charges, masternodes, validators, etc.
When partners emerge in the form of Tier 1 exchanges the official opening of the protocol will take place and downloads will be available in the wallets of the main network. BTCU is in the process of negotiating with important crypto exchanges like Binance, Huobi, KuCoin, & OKex to support the fork.
An important aspect of the newly launched BTCU next-get blockchain is the collaboration with important crypto players. In fact, cryptocurrency exchanges like Liquid, Probit, Yobit, Coinsbit, Biki, P2Pb2b, LocalTrade, Folgory, Bitforex, BiOne, Alterdice, LBank and Indacoin have already declared their support for the fork.
On the other hand, an airdrop has been announced and will occur only when tier one exchanges declare their support for it. The team has taken this measure to protect users and make sure that everyone receives the BTCU airdrop in the ratio of 1:1, equivalent to the BTC balance on the branch block.
As Eric Ma, CEO of BTCU said: “BTCU, a hard-fork of Bitcoin, has been developed to offer a decentralized ecosystem with smart contracts through its Ultimate Proof-of-Stake algorithm. A combination of lease Proof-of-Stake and Proof-of-Authority, BTCU is more democratic, more scalable and more energy efficient than Bitcoin.”
For those who are new to the project, BTC Ultimatum (BTCU) is a next-gen blockchain based on Bitcoin fork. Developed to solve Bitcoin's main problems like excessive energy consumption associated with mining, scalability and transaction anonymity while maintaining all of its useful characteristics. This involves the creation of a new energy-efficient mining algorithm - UPoS (Ultimatum PoS)-, provision of smart contract, implementation of atomic swaps and integration of Ethereum virtual machine (EVM). Furthermore, it provides superior technology by addressing scalability, privacy and security in first and second generation blockchains.