👌 We hope everyone spirit is still high despite the end of the Easter holidays. If not, our regular #AsEasyAsBTCU piece is here to remedy the situation.

We are continuing to provide you with more information about Atomic Swaps. Today we’ll explore why the BTCU’s Atomic swaps are so special.

👨🏻‍🏫 The most basic advantages of atomic swaps are related to the decentralization, which eliminate the need for a centralized exchange or any other form of intermediary. Cross-chain cryptocurrency exchanges can be carried out between two or more parties without the need to trust each other. The security level of swaps is also much higher, since users do not need to transfer their funds to a centralized exchange or a third party. Instead, transactions can occur directly between two user wallets.

The BTCU dev team plans to integrate atomic swaps into the BTC Ultimatum chain to enable the implementation of smart contracts not only on BTCU but also with other popular blockchains.

The main advantages offered by the BTCU Atomic Swaps are the following:

🔹Interoperability between different assets is a major problem with cryptocurrencies. Atomic swaps will allow users from different networks to interact freely on a peer-to-peer basis.

🔸Atomic swaps will enable trustless and fee-free decentralized exchanges.

🔹Centralized exchanges are also suspected of internal maintenance issues and corruption. Wallet maintenance or disabled withdrawals are big problems. Atomic swaps give users full control of their funds.

🔸Since atomic swaps directly connect two wallets, they eliminate all the steps and confirmations required by centralized exchanges.

🔹Atomic swaps make the crypto ecosystem more “currency agnostic” because people with different crypto assets will be able to interact with each other on equal grounds as in the fiat world.

🔸Centralized exchanges are open to a host of attacks. Atomic swaps do away with the need for having a third party and make trading direct.

🔹Direct wallet-to-wallet trading epitomizes decentralization in its purest form. Exchanges are constantly targeted for regulation purposes, which makes trading processes increasingly centralized.

👋 With this post, we are concluding our explanation of Atomic swaps. We hope you like it and get ready for our next #AsEasyAsBTCU episodes.

🤓 Dear BTCU Battalion,

Are you a supporter of BTCU with a passion for blockchain and eager to get more involved❓

🤗 Then you are lucky, we have launched "The BTCU Ambassadorial Club", and you can read more about it here: https://btcu.io/partnership


Who are BTCU Ambassadors❓

BTCU Ambassadors are active members of our community that support the BTC Ultimatum project in several ways i.e. providing feedback to improve products, promoting the BTCU ecosystem, and assisting our community with questions and concerns. Our Ambassadors play a major role in bridging BTCU with all of its worldwide users!

😉 Feel free to join our ambassador ranks if you are: a person familiar with blockchain technology, a competent mentor, a well-connected advisor, an expert in a particular field/crypto industry or just a true believer in BTCU success.

📩 If anything of this sounds like you, then submit your application today via email at ambassadors@btcu.io.

It’s Thursday, BTCU battalion❗️

What does it mean for all of us❓It’s the middle of the working week and also the right time for another #AsEasyAsBTCU episode. Today we’ll be happy to elaborate a bit more on - the principle of anonymity and the Zerocoin protocol.

Anonymization of transactions is actualized through the integration of Zerocoin protocol, which presents tremendous benefits for users, such as:

🔹Zerocoin works without relying on a central coin issuer or bank (as used in previous electronic money schemes). Moreover, since no trusted party controls the system, attacks should take over a significant part of the entire network (51%) which is extremely difficult and expensive.

🔹This protocol uses secure cryptographic techniques to ensure that transactions are not traceable. These methods allow users to carry out transactions on the BTCU network with strict mathematical guarantees that transactions are untraceable. These guarantees remain valid even if an attacker compromises part of the network.

🔹Other anonymous money systems rely on distributing the work of users anonymizing among a set of parties. This approach works well if all parties are fully reachable, but can be subject to “denial of service” attacks where a small number of nodes go down. Since Zerocoin is based on Bitcoin, it is widely distributed among all Bitcoin peer nodes, ensuring that the system can remain accessible even when many nodes are hacked.

🔹With this protocol, users can make direct payments to each other using a much more efficient cryptographic protocol that hides the amount of the payment and not just its source.

Each user can convert non-anonymous BTCU into anonymous coins, which we call zBtcu. Based on Zerocash protocol, this is a privacy-enhancing, digital currency built on strong science. Transact efficiently and safely with low fees while ensuring digital transactions remain private. Selectively share address and transaction information for auditing or regulatory compliance.

And this is how the principle of anonymity and the Zerocoin protocol function on the BTCU chain. Let us know if this post was helpful or if you still have more questions about the BTCU technology. Remember, your feedback is highly appreciated.

😉 Until the next #AsEasyAsBTCU post, our priceless BTCU friends & supporters.

👋 We are honoured to welcome Patrick Tan to BTCU as an ambassador. Patrick is the CEO & General Counsel for Novum Alpha, a quantitative digital asset trading firm, as well as the Deputy Chairman of the Novum Group. Appointed as an Advocate & Solicitor in 2005, he specializes in blockchain technology law and was previously practising with one of Singapore’s top law firms, Allen & Gledhill.


😎 He co-founded Purer Skin (skincare and inner beauty company), playing a key role in the growth of the company from 11 retail points in Singapore to over 755 retail points in Singapore, and 2 overseas in less than a year. Patrick has served as a Legal Counsel for Taylor Vinters Via LLC.


👍 He was recently appointed as the Deputy Chairman of Novum Group. He assists the Chairman to oversee the Group's various business units, including the development of proprietary trading applications, software development and media. Additionally, he oversees trading teams in the United Kingdom and Singapore, analyzing and managing risks related to cryptocurrency trading for Novum Alpha and his writing is regularly featured in leading publications.

🤗 Hello, BTCU community!

👍🏼 It’s raining good news! We’ve reached a new milestone in our journey to making blockchain technology an integral part of everyday lives.

💪 Today we are proud to have successfully passed the rigorous vetting process by CoinMarketCap and are finally listed under our name/ticker BTC Ultimatum (BTCU):

https://coinmarketcap.com/currencies/bitcoin-ultimatum/

🤓 CoinMarketCap is the world’s most-trusted cryptocurrency data authority. This collaboration will help amplify the exposure received by BTCU and also provide investors with in-depth analysis, real-time updates, and the market price of BTCU coin.

🔹 Passing the rigorous verification checks conducted by CMC means, we will be viewed as a project with great scope for growth that promises the necessary reformation in the cryptocurrency industry. All the more reason to take part in this wonderful revolution!

📢 Digital Assets, NFTs, DeFi, The Future of the Global Economy & Exchanges Event With Dinis Guarda

🤗 We are bringing you another exciting event❗️

🔹Dinis Guarda CEO of openbusinesscouncil and citiesabc in partnership with INX Limited, a blockchain-based platform for trading digital assets and the BTCU Ultimatum Team will gather top industry leaders and experts in innovative companies, including Douglas Borthwick - CMO INX Limited; Dr Guenther Dobrauz - Partner & Leader PwC Legal Switzerland; Hirander Misra - Chairman & CEO GMEX Group & SECDEX; Derek Mayne - MD co-Founder CrescoFin; Peter Kristensen - Co-CEO JP Fund Services and Eric Ma - CEO BTCU Ultimatum, to discuss all the opportunities, challenges and consequences of this global disruption.

☝️The last segment of the LIVE event will cover the role exchanges will play in the tokenized economy. As the future of the global economy is based on platforms and marketplaces, exchanges will be the critical new system of financial, trading and business interconnectedness.

🧐The experts will delve into the lines between decentralised finance and centralised finance as economies are going completely digital, with marketplaces and exchanges tokenizing different sectors of the global economy


You can watch the live event on Dinis Guarda YouTube channel on Wednesday 24th March, at 1 pm EDT / 5 pm GMT.

🔥🔥🔥   Breaking news from BTCU!   🔥🔥🔥


🤝 Singapore-based company FIVE5FIVE plans to launch a new stablecoin, backed by physical gold on the BTC Ultimatum (BTCU) blockchain.

👨 CEO and founder of FIVE5FIVE is the famous entrepreneur, M&A expert, and author of several of the world's best-selling business books - Jeremy Harbour. The UK-born serial investor is a three-time runner-up Coutts Entrepreneur of the Year and one of the most highly reputed names in the small business Mergers and Acquisitions field.

📈 The new digital asset (stabelcoin) will be called USD Reserve (with the ticker USDR). Its gold-backed reserve will exceed several hundred million U.S. dollars, and we expect it to grow significantly in the future.

🖥  #BTCUNet was particularly chosen by the gold-backed stablecoin for its technological capabilities, such as high-speed transactions, high scalability, enhanced security, and multi-chain interoperability. BTCU looks to expand the adoption of its technology into real use cases in different economies, social networkings and business processes.

😉 For more project updates kindly keep your eyes peeled on our social media channels.


#BTCU #ethereum #digital #cryptocurrency #blockchain

😉 We are well aware that every member of our community is anticipating BTCU listing update. What about passing time by working together to make our mutual project better❓

We invite you to take part in the BTCU Bug Bounty program. It was designed for the public and community members who want to contribute to BTCU development to ensure utmost security and robustness of the network.

💻 Work on urgent tasks provided by our team or solve independently found bugs - choose what interests you the most. Your efforts will be rewarded in BTC / ETH / USDT / USDC / BTCU at your choice.

More and more members are joining the Bug Bounty campaign every day. What are you waiting for❓
➡️ Click on the link below for the terms & conditions: https://btcu.io/bug-bounty.

Have you found any bugs❓
➡️ Contact us at bugs@btcu.io.

#BTCU #Bitcoin #ethereum #blockchain #cryptocurrency

👨🏻‍🏫 The current week is almost upon us. Let it go down by our regular #AsEasyAsBTCU post. This time we’ll briefly talk about the importance of BTCU validators.

🔹 As you are fully aware, the BTCU UPoS (Ultimatum PoS) consensus algorithm is a combination of Leased Proof of Stake (LPoS) and Proof of Authority (PoA). LPoS enable everyday users with no technical know-how to help secure the network, leasing their BTCU to full nodes without losing control of their coins. Whereas PoA is for validating and block generation. Therefore, everything is based on validators.

Wait, who are the validators❓
Owners of masternodes are also known as validators. They are responsible for creating block and validating transaction on the BTCU network. Considering LPoS enable validators to use their processing power to directly process transactions, it speeds up blocks creation on the BTCU network compared to PoW and PoS based blockchains. LPoS supports using the most manageable mechanisms for block creation, using inexpensive hardware with high integrity. Again, in this system, a relatively small number of network nodes must agree with block validation to consider all transactions to be included in the main chain.

🔹 Like any other structure, BTCU has its driving forces — the first 10 validators that include large exchanges, cryptocurrency projects, and development companies. The remaining validators are elected as partners or advisors. Each is independent of the other in terms of block creation or voting decisions.

✍️ This is how it works, and we hope you find this helpful.
And a quick reminder: your feedback is highly appreciated.

😉 Until the next #AsEasyAsBTCU post, our precious readers.

#BTCU #Bitcoin #ethereum #AsEasyAsBTCU #cryptocurrency

🔥 If you are a true BTCU supporter, you just can’t miss this!

🎙 BTCU CEO, Eric Ma, will be speaking at the Digital Week Online (https://digitalweek.online/) summit on March 12th, at 12:35 pm UTC.

In his speech, Eric will cover numerous aspects, including events of the past, current and future of the cryptocurrency industry, and of course, strategic plans and goals of BTCU. 

🌐 What is DWO❓
Is an online summit that unites tech entrepreneurs, authors, investors, innovators, leading corporates, and key governments. The event will focus on the principal digital must-haves for 2021 with the latest trends about DeepTech, Digital Transformation, Blockchain, Smart Cities, FinTech & more. The prestigious online summit started on 8th March and will end on 12th March 2021.

We strongly invite you to make a date to watch CEO Eric Ma this Friday 😉



#btcu #digital #cryptocurrency

👨‍🏫 It's been a while since our last #AsEasyAsBTCU post. We bet you were waiting for this one. What is the goal here❓
Every week we share a series of posts that help you better understand the BTCU ecosystem and its fundamentals. 

And as we promised, this time we’ll be focusing on Masternodes. We will leave details about leasing for the subsequent publications.

ℹ️ To put it simply, a masternode is a complete node that supports the operations of a network by performing specific computing tasks and at the same time keeping the full copy of the blockchain in real-time.

🔹 For example, each user of the BTCU network can transfer or receive a private transfer of BTCU coins by transferring them from one public address of the network to the other. Such transactions are not displayed in the public network. They are stored and processed by the Masternodes and are confirmed by the Validators. Functioning as the backbone of the network, it generates blocks; by way of validating and adding them to the BTCU public blockchain.

💰 Now you have one more reason to continue reading this post. With BTCU Masternode, you can lease coins from users and contribute to the network's speed and security. To do this, masternode operators need to stake at least 100 BTCU coins to get masternode statues. If you want to run a masternode, our team is open to help you. Just contact us at masternode@btcu.io.

Share this post, and don't forget to give us feedback 😉

#BTCU #Bitcoin #ethereum #AsEasyAsBTCU #cryptocurrency

"insufficient development and integration of key aspects of blockchain technologies is the missing piece to fuel mass adoption.
New consensus algorithms are needed to overcome Bitcoin’s excessive energy consumption associated with mining and return decentralization as the founding principle of blockchain networks."

🔎Read more here: https://irishtechnews.ie/btcu-new-path-for-second-generation-blockchains/

🥳 A Limited Contest: Join, Win, Enjoy!

In connection with the upcoming Digital Week Online summit,  our team has launched a short contest for our beloved BTCU friends and supporters.

Please Be Advised: ONLY 1 lucky member will be chosen for the prize - a ticket for the summit.


Terms & Conditions are as follows:

➡️ Fill the google form: https://forms.gle/YN97z8Uh6L1gfbHJA
➡️ Answer all 5 Quiz questions correctly
➡️ Wait for the announcement of the results


⏰ The winner will be randomly picked and will be announced on Mar 6th at 12:00 pm UTC+0 in our Telegram chat and Telegram channel.

Subscribe to them now not to miss a thing 👌

#digitalweekonline #winyourticket

https://hub.forklog.com/osnovnye-printsipy-raboty-hardforka-seti-bitkoina-btcu/
 

🤓 In this episode of #ceospeaks, Eric Ma briefly delves into the issues of the Bitcoin & Ethereum network, and why BTCU is the best alternative to solve these problems. He highlighted what makes BTCU unique regarding scalability and transaction anonymity.

Take a few minutes of your time to watch this short video as our CEO speaks about the next-gen blockchain❗️

Follow the link: https://www.youtube.com/watch?v=1HfnnYoqMtA&ab_channel=BitcoinUltimatum

#ceospeaks #BTCU #Bitcoin #ethereum #cryptocurrency

🤗 Hello, community!
We've got something very exciting happening next week:exclamation:

📽 BTCU CEO Eric Ma will be speaking at the Digital Week Online event starting from Monday, March 8-12th, 2021.

The theme of the summit is keeping the digital world united — changing the future! It is going to be a week of innovations, technologies & investment. The event will focus on the principal digital must-haves for 2021 with the latest trends about Women Leadership, DeepTech, Digital Transformation, Blockchain, Smart Cities, FinTech, Privacy & Cybersecurity, Corporate Innovation, Gaming, Entertainment & more.

Keep an eye on our social media feeds for more updates.

#btcu #digital #cryptocurrency