- N/T
Ubiq UBQ
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Volume
$195,192.28Classific. #--FDV
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Sobre UBQ
Ubiq is a blockchain platform that allows the creation and implementation of smart contracts and decentralized applications. It is built upon a modified Ethereum codebase and adds consensus level changes in the form of new code. Ubiq acts as a globally distributed ledger and supercomputer, enabling developers to create decentralized and automated solutions for various tasks that are currently carried out by third-party intermediaries.
What makes Ubiq unique?
Ubiq has several unique features that set it apart from other cryptocurrencies. Firstly, Ubiq has a longer average block time compared to Ethereum, which promotes network propagation and reduces uncle and orphan blocks. This also allows for further off-chain scalability improvements.
Another unique aspect of Ubiq is its independent hashing algorithm called Ubqhash. This provides an extra layer of security against rental mining 51% attacks, which can be a vulnerability for other cryptocurrencies running on Ethash.
Ubiq also prides itself on its fair launch. It did not have an ICO, premine, founders fee, or hidden block taxes. This aligns with the pure crypto ethos of cryptocurrencies like Bitcoin, Litecoin, and Monero.
In terms of monetary policy, Ubiq has a manageable inflation rate that decreases over time. Initially, there is an inflation rate of 8 UBQ per block (7.3%) for the first year, which then decreases to 1 UBQ per block (0.7%) over the next 8 years. This, coupled with Ubiq's handling of uncle rewards, ensures excellent inflation consistency.
Overall, Ubiq presents itself not just as an EVM network, but also as a currency and store of value, making it unique among other cryptocurrencies.