UBITCOIN refers to a shared intelligent contract application space based on the blockchain technology, created by a specialized encryption digital currency R D team that is composed of senior experts of the Bitcoin community, cryptography researchers and professional programmers. The application space contains a total of 21 million UBITCOINs with no central control nodes and supports global payment so as to achieve an efficient and convenient effect. UBITCOIN integrates the wisdom of Bitcoin, the point to point electronic cash system, the quintessential intelligent contract system of Ethereum and the ecological core of shared industry.