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Ultracoin is a hybrid proof-of-work/proof-of-stake coin whereby active nodes are involved in the mining of blocks if they maintain a UTC balance. Ultracoin uses the Scrypt-Chacha algorithm, which ensures it cannot be mined by ASICs like other cryptocurrencies. Transactions are lightning-fast at just 60 seconds confirmation time.
Ultracoin was created in February of 2014 by a small team with a remarkable vision, that was, to create a crypto-currency that can meet the requirements of a real world currency. Hundreds of years of central banking have compounded the world economy with instability, crony-capitalism, drawn out wars, colossal governments, and an unsustainable system of government backed fiat. The tides are beginning to change, and the world is beginning to see the inevitable sunset of Keynesianism, and the rise of decentral
Ultracoin is a hybrid Proof of Work/ Proof of Stake currency, whereby miners are rewarded Ultracoin for mining blocks, and investors are rewarded for keeping their wallets connected to the network by earning interest on the amount saved. Both miners and investors are rewarded for keeping the network healthy and secure.