New crypto-currency is almost 10,000 times faster than bitcoin

New crypto-currency is almost 10,000 times faster than bitcoin

A new digital currency, called Unit-e, has recently been created, which may prove to be the next rival to bitcoin. Unit-e was developed by a group of American scientists from leading US universities.

This coin was created by developers at the Massachusetts Institute of Technology (MIT), Stanford University and the University of California at Berkeley, and was funded by the nonprofit Distributed Technologies Research (DTR).

Its creators say that crypto-currency could achieve greater operational speed, of this form could solve the main problem of the crypto coin.

According to the information advanced by the media say that the DTR intends to launch the Unit-e in the second half of 2019.

According to the criteria, the Unit-e can process 10,000 transactions, while the bitcoin can process from 3.3 to 7 transactions per second, and the ethereum from 10 to 30.

This is one of the main problems that crypto-coins face in comparison to traditional payment systems. Visa payment can make about 1700 transactions per second.

According to University of Illinois professor Pramod Viswanath, the main problem with bitcoin is scalability, which is associated with its technological characteristics and size limitations. In order to achieve greater speed of operation of the Unit-e, the researchers had to “break down” blockchain technology and improve each of its components.

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