What sets Unitus apart from other Cryptocurrencies?
The cryptocurrency space is one of the most interesting and cutting edge sectors. With so much potential, it’s difficult to choose a horse in the race. Bitcoin is the juggernaut and based on its track record it will give a long term investor a great return on investment (ROI). However, most investors realize there are many other opportunities that can increase that ROI substantially. How do we find the coins with this kind of potential?
The key in my opinion is to find an undervalued project/coin with a good use case and good active development team. A project that long term can be adopted and beneficial to all instead of a small group. I believe Unitus is that project. What makes Unitus worth looking into?
Below are several key characteristics that I feel make a project valuable:
Technology
Scarcity
Security
Fairness
Ability to mine (pow)
Ability to receive block rewards (pos)
Community following
Many coins in the space are undervalued due to not having all of the above characteristics in place. Unitus is one of those coins. However, Unitus has several advantages over other undervalued coins in my opinion. Let’s make our way down the list.
Technology- Unitus is the first coin to combine merge mining with multiple algorithms giving the miner the ability to receive block rewards from two coins while having the security and versatility of 5 algorithms, minimizing chances of attacks while also being extremely miner friendly.
Scarcity-Around June of 2022 block rewards will become 2 UIS and stay there indefinitely with a total circulating supply of roughly 83 million since around 17 million coins have been burnt.
Security-5 of the most popular algorithms secure Unitus and allow almost anyone to mine it. Lyra2RE2, Argon2d, Skein, Yescrypt and X11.
In addition UIS will begin implementing a hybrid proof of work/proof of stake validation system that will not only reduce energy consumption, but will also reduce the chances of a 51% attack.
Fairness-Unitus is a community based coin that is fair for all miners whether you mine with a CPU, GPU or ASIC. Also, there was no ICO for Unitus, no premine or developers tax. Now with proof of stake on the way Unitus will become one of the most versatile coins on the market in my opinion.
Ability to mine (pow)-Although proof of work uses a significant amount of energy to mine it is a very thorough method of insuring the system is not cheated and has been proven through the test of time. However, it is more susceptible to a 51% attack than proof of stake.
Ability to receive block rewards for the stake you put up (pos) proof of stake is a newer more energy efficient method of validating transactions and is able to defend against a 51% attack more so than pow. However, it does not have the redundancy of proof of work in regards to transaction validation.
The Unitus developers see the value in both pow and pos which is why in 2018 Unitus will implement a hybrid pow/pos system that will reward the miners as well as the stake holders. Unitus is a community coin that does not want to give an unfair advantage of receiving rewards to any group or individual. One coin for all!
Which leaves us with the community following for Unitus. Unitus has recently passed the 500 member mark on Slack, is just shy of 1900 Twitter followers, and has a rapidly growing Telegram, Reddit and Bitcoin talk following. Growing a community takes time, however, as this occurs it will bring more awareness to the excellent technology Unitus brings. With more awareness comes listing on more exchanges, with more exchanges comes increased value for the coins that have a technological advantage. See the snowball effect? Unitus is ready for prime time and with a current market cap under $2 million, now is the time to seriously consider climbing aboard before this train gets to full-speed.
