Ubiq's special features
This article focuses on the power of Ubiq with Ubiq Network, Ubiq Token, and Ubiq Business.
The Ubiq coin network provides a stable blockchain to host Ethereum virtual machines. This will be a harder fork for ETH's future plans, and companies that want to implement applications on Ethereum virtual machines will be updated frequently and have the risk of instability associated with blockchain hard forks. The Ubiq development team's commitment and focus is to provide a stable and reliable platform that enables financial and corporate customers to build today without worrying about tomorrow's uncertainties.
After reviewing a number of different options, they began developing from the 1.58 Ether® code base and then changed several key features, such as blocking time and rewards. When a block is created at intervals of 60 seconds or less, there is usually an orphan block from the miner that does not receive each other's work before solving its own area. The Uncle Block's Ethereum system allows for this work to be included, but the 88-second block time chosen for Ubiq means that we don't have to rely on this work for routine operations, and any potential rewards actually give the miners a job to leave the main chain. In addition, the newly designed Flux difficulty algorithm keeps this 88 second block time far better than the stock code and allows the network to run with lower and more varying hashes. Our choice also allows older GPU hardware with only 2 GB of memory to be developed for years without problems. The Ubiq network benefits from the standard EVM and is ready for future interoperability while still being the chain of the Ethereum Foundation.
Speaking of Ubiq's Token. Ubiq does not require ICO or Premine support, creating stable prices and healthy distribution is a challenging prospect for new releases, as the community has witnessed the launch of the Zcash network. This problem can be alleviated by shifting the Ubiq value of the established JBS market to generate our contract fuel UBQ. JBS is a fair release, no presupposition, instamine or ICO, and has nearly 3 years of enduring value and development, plus a large and diverse community of developers, traders and enthusiasts. As the value of the network grows, the inflation rate (7.3%) per 8 UBQ in the first year is controllable. Our monetary policy will reduce this inflation rate to 1 UBQ (0.7%) per barrel over the next 8 years - plus Ubiq's system of dealing with uncle rewards, which provides good inflation consistency for the platform.
The recently formed Ubiq Technologies Inc. was founded with five members who have been involved in the cryptocurrency field for many years. Our development team served as a contractor or consultant with multiple blockchains, built blockchain support services, and integrated with existing financial platforms. This exposure provides the ability to review a large number of unique code bases and consolidate one of the most comprehensive chains we offer today. The business will serve as a financing tool for the Ubiq platform, with multiple consulting opportunities, business partners and technologies under development, all of which will be used to leverage Ubiq's capabilities. The absence of ICO or Premine paved the way for the company's bright future, as we have not previously obtained funding through these unconventional and unproven methods. Our team is lean, passionate, and has a history of no money to create and maintain the best blockchain products for its customers and the entire cryptocurrency community.
Now, Ubiq coin is worth $0.547, holding $23,255,934 Ubiq market cap and ranking at 180 in the whole cryptocurrency market. Competing with over 2 thousands altcoins, Ubiq is still potential. But considering the speculative bubble burst in cryptocurrency market, any investment should be considered carefully.