United Bitcoin
Crypto Overview
Project Overview
United Bitcoin (UBTC) was a cryptocurrency that emerged as a hard fork of Bitcoin in December 2017. The project aimed to implement smart contract functionality and improve upon Bitcoin's limitations.
Analysis Limitations
Upon thorough research, it appears that United Bitcoin is no longer an active project. The official website is offline, and there has been no significant development activity or community engagement for several years. Trading volumes are effectively zero across all exchanges that previously listed the token.
Intended Utility
The original stated purposes included: Implementation of smart contracts, Integration with Internet of Things (IoT) devices, Faster transaction processing compared to Bitcoin, Distribution of tokens to addresses holding BTC at the time of the fork.
Current Status
The project appears to be abandoned, with no active development, community engagement, or meaningful trading activity. While historical data about the project exists, there is insufficient current information to conduct a thorough Sharia compliance analysis of its present utility and usage.
Crypto Impact
To assign a comfort level investing in United Bitcoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to United Bitcoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.