UB smart contracts are Turing complete and provide rich statefulness. Unlike other smart contract technologies that require using their own programming languages with certain limitations, UB is dedicated to making smart contract programming accessible and easy by supporting generic programming languages including C, Java, Kotlin and LUA.
As UBTC continues to ride the waves of the crypto market, we are launching a new stable coin that will be pegged to the US dollar at a 1:1 ratio for those in the community who are calling for something more reliable and transparent. The first stable coin will be known as UUSD.
The stable coin will be audited by a global third-party firm to ensure complete transparency regardless of everything being viewable on the blockchain.
Of utmost importance, the stable coin shall be 300% collateralised at all times by UBTC. i.e. for every 1USD issued, there will be 3USD collateral in UBTC. Over time the collateral may change but the ratio of the collateral is not intended to be below 300%.
Consensus mechanism: DPOS (delegated proof-of-stake)
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