And we are live!
We are proud to announce that the BTCU Mainnet is now up and running. This is the culmination of more than a year of hard work by the entire team, developers, advisors and of course, the entire BTCU community who have supported us on this journey.
The launch marks our most important milestone to date. However, this is still just the beginning!
We intend to fulfil all our promises by making blockchain technology an integral part of daily lives. From Asset Tokenization to Rights Management, Supply chain and document flow to Cross-border Payments, Governance and Real Estate to Fintech, healthcare and more.
Prior to the launch, the Orion network was developed as the official platform for testing and evaluating the performance of the network and its ecosystem. Participants can check their BTCU accrual in the explorer on: https://explorer.btcu.io/
Downloaded wallets will also be available and will work with the Orion network. These wallets will work in test mode in order to get feedback from the community and to test the protocol, leasing, charges, masternodes, validators, etc.
When partners emerge in the form of Tier 1 exchanges the official opening of the protocol will take place and downloads will be available in the wallets of the main network. We are in the process of negotiating with Binance, Huobi, KuCoin, & Okex to support the fork. On the other hand, cryptocurrency exchanges like Coinsbit, Bkex, Yobit, Biki, P2Pb2b, LocalTrade, Whitebit, Exmo, Folgory, Bitforex, BiOne and Alterdice have already declared their support for the fork.
For those who are new to the project, BTC Ultimatum (BTCU) is a next-gen blockchain based on Bitcoin fork. Developed to solve Bitcoin’s excessive energy consumption associated with mining, scalability and transaction anonymity while maintaining all of its useful characteristics. This involves the creation of a new energy-efficient mining algorithm — UPoS (Ultimatum PoS)-, provision of smart contract, implementation of atomic swaps and integration of Ethereum virtual machine (EVM).
It combines Ethereum smart contract functionality with Bitcoin’s security to create a blockchain that is suitable for quick micropayment system for crypto users and large organizations.