In the digital world, it can be difficult to distinguish between what is real and fake. A new post on Huffington Post talks about Bitcoin united as a solution to end all forks. This post makes some very bold claims regarding faster transactions and improved scalability. To most people, this post is nothing more than a scam or a fake project. However, it is still worth looking into some of the audacious claims.
Bitcoin United Makes Some Interesting Claims
Judging by the Huffington Post article, this is either a joke or a major scamcoin. Regardless of which argument applies to Bitcoin united, the “project” feels it has the potential to end the scaling and forking debate. The post claims how Bitcoin united -known as BTC-U- will provide three-second confirmations and a scalable level of up to 10,000 transactions per second.
Most Bitcoin users would not mind seeing such a degree of confirmation times and number of transactions on the main net in the future. However, it seems ludicrous to make such claims as if it were possible to achieve right now. The Bitcoin United “team” claims this is certainly the case, and how this project will be a gift to the overall cryptocurrency community. Unwanted gifts are rarely appreciated by Bitcoin users, and this bogus project will fall into that same category.
This article talks about BitShares developers joining “other alt-Bitcoin developers” to create Bitcoin United. This seemingly indicates BTC-U is another project by Dan Larimer, a person who is known for his involvement in BitShares and theories on horizontal scaling for Bitcoin and other cryptocurrencies. Since this technology is still unproven and untested, making claims of how Bitcoin United will be “better” seems premature.
Bitcoin United will provide the solution the entire community has been waiting for, if it works. The team also feels this concept is “so much better compared to what we have been offered by insiders.” Bitcoin United claims it can fix all issues in Bitcoin at the same time, despite nobody knowing who is behind this project, where the code can be found, or where one can even download a client for BTC-U.
Apparently Bitcoin United will get a “free upgrade to EOS technology.” EOS is another project by Dan Larimer, which is mainly focused on providing cryptocurrency scaling solutions. That technology is still unproven as well, as there is not one single line of code accessible to the public to illustrate these “ideas” will even work out. It is doubtful anyone will take BTC-U seriously at this point.
Bitcoin United will also make use of DPOS technology to get rid of the mining algorithm altogether. This will also end inflation, creating another version of Bitcoin with a hard supply cap. Bitcoin United will be hosted on the BitShares blockchain. This project is all about Dan Larimer expanding his “reach” in the cryptocurrency world. It is doubtful this project will gain any traction, assuming it is even real in the first place.