Ubiq (UBQ) is a fork of the Ethereum (ETH) blockchain, and its primary purpose of existence is to allow the development of enterprise-based decentralized applications or Dapps. However, the Ubiq seed ledger was initially the Jumbucks blockchain which rolled out in 2014 and made a move to the actual Ubiq blockchain in January 2017.
What makes Ubiq (UBQ) unique?
First, Ubiq (UBQ) was not funded by any ICO, and all the UBQ crypto coins were gained fair-and-square as everyone paid for them with their own time and money, including the coin’s devs. More importantly, Ubiq blockchain had the opportunity to learn from the mistakes of the Ethereum (ETH) blockchain. Therefore, they built a very robust foundation for the Ubiq’s very sturdy platform which was constructed from scratch.
On the other hand, the robustness and fairness characterizing the Ubiq (UBQ) crypto and its blockchain made the jury from the Canadian Fintech Awards 2017 to reward it with the “Top Blockchain Company Of The Year.”
Above all these, Ubiq (UBQ) is a very straightforward crypto coin to mine and is backed up by a very loyal community.
Ubiq (UBQ) operates on an altered Ethereum code base. Among the most significant alterations the original ETH code base has suffered, there is the implementation of the Ubiq’s Flux Difficulty Algorithm which permits the automatic regulation of the hash rate to prevent network attacks.
On the other hand, Ubiq’s Exponentially Subjective Scoring (ESS) feature is designed to be used by cryptocurrency exchange platforms or mining pools to cut off double spending and to eliminate malicious members before they can take action.
Why should you keep an eye on UBQ?
As mentioned above, Ubiq (UBQ) network learned a lot from the mistakes made by Ethereum (ETH) blockchain from which the UBQ forked. Also, UBQ is enjoying a trustworthy and loyal community, is accessible to mine, and relies on a stable and robust blockchain and platform.
On the other hand, Ubiq (UBQ) hasn’t yet enjoyed the growth of Ethereum (ETH), so it’s still affordable, as it trades at $0.99 at the moment of this writing.
All these should be more than enough to keep an eye on UBQ as it might be the next big cryptocurrency.