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There's A Crypto Called Bitcoin Unlimited And Here's The Review!

Discussion in 'Altcoins' started by Prezzy, Jun 19, 2017.

  1. Prezzy

    Prezzy Leader Protector

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    as funny as it sounds, the proposal made to the bitcoin community in the name of Bitcoin unlimited have been coined into a cryptocurrency and many people including myself do not have any information about this for as long as i can imagine!

    In this thread, we will review the Bitcoin Unlimited cryptocurrency and see what it has to offer. As we know, the Bitcoin Unlimited project is meant to improve on the Bitocoin as we know it. How far have they gone with that in the Bitcoin Unlimited? We will soon find out.

    What is Bitocin Unlimited all about?
    According to their website,
    In what ways have the Bitocin unlimited improved on the features of Bitcoin?

    This is what they have to offer:

    Bitcoin Unlimited provides a voice to all stakeholders in the Bitcoin ecosystem.

    Bitcoin Unlimited For Users
    Bitcoin is a worldwide peer-to-peer electronic cash system. To the users of Bitcoin Unlimited, this means low and predictable fees, reliable confirmation times, and useable instant transactions.
    Learn more

    Bitcoin Unlimited For Node Operators
    Bigger blocks are coming. When they arrive, you want your node to be ready. Bitcoin Unlimited allows you to securely track consensus as defined by the most proof-of-work chain composed of valid transactions, regardless of the outcome of the "block size limit debate."
    Learn more

    Bitcoin Unlimited For Miners

    Say "no" to supply quotas and central planning of the block space market. If there is demand for block space, miners should be free to compete to meet that demand. By running Bitcoin Unlimited, you are casting a vote to continue growing Bitcoin in the most simple and proven manner: with more on-chain transactions.
    Learn more

    Bitcoin Unlimited For Investors
    Supporting our objective to lift the block size limit will return control over Bitcoin's evolution back to the market. By removing this limit, Bitcoin's user base will be free to grow, along with it its market capitalization.
    Learn more

    Bitcoin Unlimited(BTU) has this to say about the Bitcoin:

    Bitcoin is the world's first electronic cash system, allowing users to send payments quickly, cheaply, and from anywhere with an Internet connection, all without relying on banks, payment processors, or any other third party. Bitcoin Unlimited software helps the network backbone scale to meet the demands of this global economy.

    Features of Bitcoin unlimited in more Technical terms

    Bitcoin Unlimited powers the backbone of the Bitcoin network by using novel technologies.

    Adjustable Block-size Cap (ABC):
    The BU client allows node operators and miners to easily adjust the size of blocks they accept without having to restart their node or recompile new executables.

    Xtreme thin blocks (Xthin):

    Bitcoin Unlimited was the first client to fix the inefficiency in the core Bitcoin code that resulted in transactions often being received twice by each node. BU's solution improves block propagation times and reduces the number of required bytes.

    Parallel validation:

    The BU client enables nodes to validate more than one block – along with new incoming transactions – all at the same time. This neutralizes an existing attack vector while improving the network’s performance.

    Bitcoin Unlimited's Growth over time

    Here's the chart from coinmarketcap :
    View attachment 20650
    View attachment 20650

    View attachment 20650

    when i first looked at the chart, i couold not make so much sense out of what's represented there.
    for example. the coin has 86% growth in the past 24 hours but the chart may not reveal this very well especially at first sighting and i think it has to do with the fact that the crypto is still new.

    What i think about Investing in the Bitcoin unlimited crypto

    Honestly, i have never really been a fan of this coin right from the time i knew it as an idea that can improve the bitcoin but from what i know about these cryptos after months of dealing with them, youu just have to keep your emotions aside sometimes and grab the money and that's exactly what am gonna do with Bitocin unlimited.

    Meanwhile, it's on the high side now and i expect it to drop to something much cheaper within a few days and that's when i plan to purchase.

    Besides, it's already very costly for me so i can't go in now!

    @gbolahan @zedzed @Chime what do you guys have to say about the bitocin unlimited?
    am excited about this!

    Here's for you my dear Reader! :rose:

    Am glad you have made it this far in this lecture:) and ...

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    Chime likes this.
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  3. Prezzy

    Prezzy Leader Protector

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    Ouch. Did we miss this or what?

    This is supposed to concern all bitcoin users and fans too