BTCU main solutions and concepts  

Bela Balog

Dapps 1 year ago
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The possible solutions to the main problems facing the modern blockchain and cryptocurrencies market can be solved through a complex approach that can be offered by the proper infrastructure for catering to the needs of market participants and anticipating any future trends.
The solution offered by the BTCU team involves the creation of a new mining algorithm, the UPoS (Ultimatum PoS), that would usher in the development of a new blockchain matrix capable of resolving the long-standing issues of the market.

Consensus algorithm basis

BTCU will be based on LPoS mining algorithm combined with PoA, where LPoS will work for users to mine, and PoA to validate transactions. PoA-algorithm of transaction confirmation
will allow realizing the throughput of the blockchain at the level of 200 transactions per second, with the ability to scale up to 10,000 tps.

Leasing and Staking

The BTCU project team advocates avoiding classical mining for unloading the network, and also opposes the use of electricity on a massive scale for mining the cryptocurrency. The given approach is based on the fact that the crypto community has become more mature and is developing, changing its point of view in favor of preserving the environment and using more humane mining protocols. The LPoS algorithm creates a voting system that directly depends on the reputation of the validators. If the selected node does not work correctly or works inefficiently, it will be quickly
deleted and replaced by another. Therefore, the validators are motivated to act honestly and effectively, so that they are further voted for with their own steak.

Projects tokenization and DeFi

The integration of EVM (Ethereum virtual machine) technology into the BTCU network, which will allow the implementation of smart contracts on the well-known Solidity provides huge opportunities for tokenization projects or the implementation of DeFi.
Given the flexibility and scale, the Ethereum platform is the leader for the DeFi application, but that doesn't mean it's the only blockchain platform. High fees, problems with technical support of nodes, the oversupply of contracts, and network centralization, which is one of the most terrible threats to modern projects make them look for new solutions, one of which is BTCU.
DeFi is short for Decentralized Finance. Decentralized Finance includes digital assets, protocols, smart contracts, and dApps built on a blockchain.
Think of DeFi as an open financial ecosystem where you can build various small financial tools and services in a decentralized manner. Since these are applications built on a particular blockchain, they can be combined, modified, and integrated according to your needs.
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