An Invention of American Academia
Some of the finest brains from top American Universities—Standford, MIT, University of California and Berkeley—are relentlessly working to create a digital currency to rival Bitcoin and it’s called ‘Unit-e.’
At the current rate, the Bitcoin transaction is too slow – just 7 transactions per second. On an average, VISA is processing around 2000 transaction per second. But it can capable of doing 4 to 5 k transaction per second. As per the expectation, the new coin will process 10000 transactions per second. Still, the complete details haven’t revealed or any kind of tech paper is available to validate. However, the sources closed to the development team say, the coin will be released in this year.
At the same time, there are plenty of naysayers are squarely rejecting this idea. According to them, this may not carry the legacy of decentralization, there a possibility of some hidden commercial motive behind this ‘so called’ invention. Moreover, we need not to re-invent the wheel in the name of ‘invention.’ Till the time, the cat is out of the bag, no one knows what kind of attribute it going to have. The crypto world onlookers are waiting eagerly to get the glimpse of this power-packed new currency.
By
Srini