Unitus to USD Price Chart

Unitus Statistics

What is the current price of Unitus (UIS)?

At the present moment, the price of Unitus (UIS) stands at $ 0.00177601, and it has decreased by -4.38% in the past 24 hours.

What Is Unitus (UIS)?

Unitus, also known as UIS, is a unique cryptocurrency that was inspired by the concept of uniting smaller cryptocurrencies and their communities. The name 'Unitus' derives from the English word "united". What sets Unitus apart is its use of multiple algorithms - Lyra2RE2, Skein, Qubit, X11, and Yescrypt - giving it a distinct level of flexibility and security.

Who created Unitus?

While specific details about the creators of Unitus aren't readily available, the development and mining of Unitus were community-driven. Unlike many other cryptocurrencies, there was no pre-mine or Initial Coin Offering (ICO) for Unitus. Instead, the coins were distributed solely through mining rewards.

How does the algorithmic structure of Unitus work?

Amongst Unitus's unique features, the most notable is its multi algorithmic structure. Basically, Unitus functions on five different algorithms: Lyra2RE2, Skein, Qubit, X11, and Yescrypt. These multiple algorithms add extra layers of security for the network and deter the centralization of mining power.

The block time for Unitus is set at 1 minute, and every algorithm gets its turn after every 5 minutes. It's a unique cycle that ensures the smooth operation and efficiency of the UIS network.

What is merge-mining or AuxPoW in Unitus?

Merge-mining, also known as Auxiliary Proof of Work (AuxPoW), is where several cryptocurrencies are mined concurrently, using the same algorithm. What's impressive about Unitus is that all its algorithms can be merge-mined. This brings forth a stronger community of miners, improving the security and resilience of the blockchain.

What is the Market Capitalization and Supply of Unitus?

As of the current data, Unitus holds a market capitalization rank of #1 with a total market capitalization of $ . It has a circulating supply of , while the maximum supply remains undisclosed.

Where Can You Purchase Unitus (UIS)?

Unitus can be purchased and traded on a variety of YoBit. It's recommended to always carry out thorough research, and choose a reputable and secure exchange platform.

How to store Unitus securely?

As with any cryptocurrency, it's critical to store UIS in a secure wallet to mitigate potential risks. Consider using a highly secure wallet, preferably a hardware or cold wallet as they offer the highest level of protection. Remember to keep your private keys private and never share them with anyone.

What does the future hold for Unitus?

While predicting future performance is not possible, Unitus continues to be a favorite amongst its users for its unique multi-algorithmic structure and meritocratic distribution. As more people learn about UIS and the advantages it brings, it's likely that this novel digital asset will continue to capture interest.

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