Bitcoin Unlimited is a blockchain-based cryptocurrency that offers a secure, anonymous way to send money and other digital assets.
However, it’s still not clear if it will be able to compete with major financial institutions, which are already in the market for a cryptocurrency.
CoinMarketCap, which tracks cryptocurrencies in various markets, estimates Bitcoin Unlimited has a market cap of $5 billion.
However it’s unclear if that number includes the potential value of any additional businesses, investors, or users that will come with Bitcoin Unlimited.
We spoke with Adam Langley, chief strategy officer at BitMEX, one of the largest Bitcoin exchange platforms, to get his take on the cryptocurrency and what it means for Bitcoin Unlimited’s future.
Langley explained that Bitcoin Unlimited will offer an “open, decentralized” network, where anyone can send funds to other users in a peer-to-peer manner.
That means it’s not a bank, it doesn’t have a central authority, and the users don’t need to be registered with a financial institution.
The network is also completely free, unlike other altcoins that charge fees for transactions, like Ripple or Ethereum.
Bitcoin Unlimited also aims to be the first cryptocurrency that doesn’t need a bank to work, he said.
“Bitcoin Unlimited is the only one that’s able to operate without a financial transaction fee, which means that all transactions are instantly accepted and validated on the Bitcoin network,” Langley said.
He added that the currency will have the ability to provide a more secure platform for transactions.
Bitcoin is a decentralized, peer- to-peer network that relies on users to securely transfer funds from one person to another, using cryptographic techniques to ensure the money is safe and traceable.
In the past, cryptocurrencies have had to rely on centralized financial institutions like banks, where their customers and employees are required to sign up to pay their bills.
This process can be complicated and slow, which can limit users’ ability to use cryptocurrencies.
Langley pointed out that Bitcoin has the ability of being “100 percent anonymous,” and that it’s only a matter of time before it’s completely decentralized.
The new Bitcoin Unlimited, which is being called Bitcoin Unlimited XT, has already been released to the public.
It is currently the only coin to launch in the cryptocurrency space, and is one of a few that are based on the original Bitcoin software, which has been the platform for Bitcoin since it was released in 2009.
Lately, the developers have been working on a new cryptocurrency called Bitcoin Gold, which would take the Bitcoin platform to a new level.
Langleys opinion is that Bitcoin XT, which will debut in March, will be the next cryptocurrency to be released.
“We see Bitcoin Unlimited as a better alternative to the altcoins, which we’ve seen more and more of lately,” Langleys comments.
“We think Bitcoin Unlimited and Bitcoin Gold are the next evolution of Bitcoin and a more stable currency, which ultimately will make it easier for people to transact and store value in this new digital world.”
The launch of Bitcoin UnlimitedXT will also mark the first time that the cryptocurrency has been launched as a full-fledged cryptocurrency.
Bitcoin was originally created as a way to provide users with a secure way to spend money.
However in recent years, the cryptocurrency community has begun to explore other uses for the currency.
Bitcoin XT is the first one to take the idea to a wider audience.
BitcoinXT will be an official cryptocurrency for consumers.
Users will be offered an online wallet to store their Bitcoin wallet in.
The wallet will be available to anyone who signs up to be a miner.
The cryptocurrency is being launched in the hopes that Bitcoin will become more mainstream.
“This is just another example of how Bitcoin is gaining popularity, and how it can be used for a wide variety of things,” Langies remarks.
Bitcoin has already made headlines for being banned from the U.S. because of concerns about money laundering, terrorism, and other issues.
However with Bitcoin XT it’s hoped that Bitcoin can gain mainstream acceptance.