ultraBitcoin-"Really ultra Bitcoin"
ultraBitcoin is a Better Bitcoin
UltraBitcoin，with Large block，P2P cryptocurrency, the same source as bitcoin, low transaction costs, fast and reliable confirmation, unlimited room for growth in the future, unlimited use worldwide, no Fiat of innovation and decentralized development.
The ultraBitcoin is designed to drive the advancement and development of decentralized social networks, smart contracts, digital identities, anchoring ownership, and more & more.
Frequently Asked Questions
What is ultraBitcoin?
ultraBitcoin is peer-to-peer Cryptocurrency for the Internet. It is fully decentralized, without central bank and requires no trusted third parties to operate.
Is ultraBitcoin different from 'Bitcoin'?
ultraBitcoin is the continuation of the Bitcoin blockchain as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale up.
If I own Bitcoin, do I automatically own ultraBitcoin too?
Anyone who helds Bitcoin at the time ultraBitcoin is created will became anowner of ultraBitcoin. This means that Bitcoin holders as of block predicted for hard-fork have the same amount of ultraBitcoin as they had Bitcoin at that time. If your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your ultraBitcoin entitlement.
Any transactions after the hard forking ledger split are completely separate between Bitcoin and ultraBitcoin. This means any Bitcoin acquired after the split does not include any ultraBitcoin, and any ultraBitcoin does not include any Bitcoin.
Why was a fork necessary to create ultraBitcoin ?
The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.
Was the 1 MB block size limit causing problems for Bitcoin?
Yes, In 2017, capacity hit the 'invisible wall'. Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting.
Bitcoin's market price has increased, but its growth and usefulness as a currency has stagnated. Many users, merchants, businesses and even investors left Bitcoin for alternatives, causing its dominance to fall from 95% to as low as 40%.
Does ultraBitcoin fix these problems?
Yes. ultraBitcoin immediately raised the block size limit to 8MB as part of a massive on-chain scaling approach. There is ample capacity for everyone's transactions