UnitedBitcoin: new Bitcoin fork scheduled for December

More and more Bitcoin hard forks are appearing and one of them, UnitedBitcoin, is scheduled to occur on December 12 of 2017
11 December 2017   2751

A lot of people who hold Bitcoin cryptocurrency are waiting for forks to happen to receive new coins for free. The new hard fork under the name UnitedBitcoin is announced to occur on December 12.

unitedBitcoin hard forkUnitedBitcoin hard fork logo

UnitedBitcoins’ s philosophy is to fork Bitcoin and upgrade the resulting network. All active Bitcoin addresses will receive corresponding balances on UnitedBitcoin’s chain. Balances of inactive addresses will be collected and used to serve the community.

UnitedBitcoin is stated to be the upgrade of Bitcoin implementing smart contracts. The features are listed as follows:

  • Proof-of-Work inherited from Bitcoin with brand new high-speed smart contracts
  • Faster transactions through the Lightning network
  • Asset Allocation of active addresses (1 Bitcoin = 1 UnitedBitcoin)
  • No-premining, stable system with fiat currency pegged reserves 
  • Block-size increase to 8 MB and support for SegWit
  • The fork will take place at BTC block height #498777
  • It will be possible to get UnitedBitcoins not only for Bitcoin holders, but also for the holders of one of more than 10 currencies (such as ETH, QTUM, LTC, HSR, etc.)

Blueprint of Bitcoin forks UnitedBitcoinThe blueprint of Bitcoin forks

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   158

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.