UnitedBitcoin will establish a credit currency system pegged against fiat currencies, and supporting smart contracts that can serve society, by nurturing worthy blockchain developments. UnitedBitcoin’s network is 100% inherited from Bitcoin. Active bitcoin wallets will receive UBTC at a rate of 1:1, and inactive wallet funds will go toward supporting other high quality blockchains or other projects in the ecosystem. With smart contracts, the practical application value of UnitedBitcoin will be greatly enhanced. UnitedBitcoin is a super joint credit carrier with the target to establish a powerful global network and support the ecosystem and improve collaboration by using credit from the UB foundation. The mission of UnitedBitcion is to find a purpose for lost Bitcoin and inactive wallets and create a stable cryptocurrency system through an association of joint credit and smart contracts. UnitedBitcoin will use the pressure-tested mechanics of Bitcoin, such as PoW, blocktimes, supply cap, and issuance model, while it upgrades areas to accommodate for larger social demands. These improvements will be an increase in blocksize to 8mb, the addition of smart contract support based on UVM, the addition of Lightning Network support, and SegWit implementation.

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