Learn more about UltraCoin.
UPDATE 27 January 2021: When trying to find the project website of UltraCoin project today, we were unsuccessful. Considering a number of different circumstances in relation to this project, we can't draw any other conclusion than that the project has closed down.
In order to find another cryptocurrency to read up on and maybe purchase, please refer to our List of Coins.
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of UltraCoin consists of three chapters: origin & background, technology and pros & cons.
Origin & Background
People that made UltraCoin just love crypto, and believe this is a welcome addition to the coin family. However, the same people have decided to distribute the software in a transparent procedure. It enables for self-sufficient confirmation of binaries and their parallel source code. UltraCoin can be mined with a CPU and also with a GPU with ASIC defiant Script Jane coding. You will not be outshined by new hardware technology. Moreover, wallet encryption enables you to protect your wallet, so that you can view transactions and your account balance. However, you need to enter your password (of course) before spending UltraCoins. This provides fortification from wallet-stealing viruses and Trojans as well as a sanity check before sending payments.
UltraCoin is a fusion Proof of Work (POW) currency, whereby miners receive UltraCoin for mining blocks. And investors receive UltraCoins for keeping their wallets connected to the network through earning curiosity on the amount saved. Further, both miners and investors receive UltraCoins for keeping the network strong and protected.
A small team created the UltraCoin in February of 2014 with an amazing revelation. It aims to produce a cryptocurrency that can meet the necessities of a real world currency. As a matter of fact, many years of central banking have compounded the world economy with volatility, crony-capitalism. UltraCoin launched to make sure that the elemental principles of currencies meet the expectations. It must be a unit of account, divisible, stable, and accepted.
But the core objective of Ultracoin is to create a premire, accepted, trouble-free to use, decentralized and supported cryptocurrency. Also, it should have enough mass appeal to become gravely troublesome to the current economic system.
- Scrypt-jane Algo
- Total coins: 100,000,000
- Block time target: 30 seconds
- Block reward: 50, halving every 990,000 blocks
- Difficulty retarget:max 200% per 30mins
- Mined block confirmation: 50
- Transaction confirmations: 5
Pros & Cons
Finally, we have not identified any obvious pros or cons with UltraCoin.