United Bitcoin to Add Support for Smart Contracts

United Bitcoin will transfer all pegged currencies to smart contracts within April 2018
10 April 2018   902

UnitedBitcoin’s philosophy is to upgrade the Bitcoin network. It has such features as Proof-of-Work inherited from Bitcoin with brand new high-speed smart contracts, fast transactions through the Lightning network, asset allocation of active addresses, no-premining, stable system with fiat currency pegged reserves, block-size increased to 8 MB and support for SegWit.

According to the roadmap of United Bitcoin, the issuance of a digital currecny pegged to fiat currencies is scheduled for April 2018. The United Bitcoin will issue its first digital currency pegged to fiat currencies using UBTC as collateral. Moreover, in April United Bitcoin promises to add support for smart contracts, as UBTC will be officially upgraded to a version with smart contracts support.

What is more, United Bitcoin will transfer all pegged currencies to smart contracts also within April 2018. 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.

Later, in July 2018, United Bitcoin plans to upgrade with the Lightning Network support.

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   105

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.