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V0.8.10 (Fusion) / v1.5.12 (Gubiq) Development status Active Written in, Clients available for,, x86, ARM Multiple Website Ubiq (UBQ) is an, public, -based platform featuring (scripting) functionality. The Ubiq network provides a stable blockchain to host an, integrating a decentralized that allows for the creation of contracts and tokens. It provides a value token called 'Ubiq (UBQ)', which was generated by transferring the value of a three-year old established token, Jumbucks (JBS), onto a blockchain with functionality. Thus, it provides EVM functionality in a blockchain segregated technologically, politically, and conceptually from. Contents • • • • • • • • • • • • • • • • • History [ ] Development Team [ ] Ubiq is currently being developed by Julian Yap, a systems engineer that has previously worked on projects with Bittrex exchange, Blocktech, and Decred; Luke Williams, developer of the Iquidus Explorer, a widely-used blockchain search tool; Kris Hansen, an established blockchain developer; Alex Sterk, host of #blocktalk and educator of blockchain technologies; and Aldo Borrero, who focuses on Ubiq Android mobile applications. • Unofficial. Monetary Policy [ ] Like but unlike, Ubiq establishes a monetary policy to control the inflation rate of Ubiq tokens.

The inflation rate is set to 8 UBQ per block (7.3%) for the first year, with 8 UBQ rewarded per block with an average block time of 88 seconds. The monetary policy decreases this inflation to 1 UBQ per block (0.7%) over the next 8 years, providing a fixed inflation schedule while preventing a fee-only mining market from developing. Year Supply Inflation Inflation Rate Block Reward 0 36,451,770 1 39,318,679 2,866,909 7.29% 8 2 41,827,225 2,508,545 6.00% 7 3 43,977,406 2,150,182 4.89% 6 4 45,769,225 1,791,818 3.91% 5 5 47,202,679 1,433,455 3.04% 4 6 48,277,770 1,075,091 2.23% 3 7 48,994,497 716,727 1.46% 2 8 49,352,861 358,364 0.73% 1 9 49,711,225 358,364 0.72% 1 10 50,069,588 358,364 0.72% 1 11 50,427,952 358,364 0.71% 1 12 50,786,315 358,364 0.71% 1. • Block reward as of 22:30, Tuesday, January 30, 2018 () Uncle Rewards [ ] Like, Ubiq rewards miners when duplicate block solutions are found with some subtle but significant differences. The miner of an uncle block of depth 1 is rewarded 50% of the current block reward, uncle blocks of depth >1 are not rewarded. A miner that includes an uncle block is rewarded an additional (current block reward / 32) UBQ per included uncle block. These changes minimize the unpredictable inflation introduced by uncle rewards while also acting as an incentive to miners to always mine the head of the chain.

Year Block # Uncle # Block Reward Uncle Reward 1 1000 - 8 - 1 1001 1000 8.25 4 1 1002 1000 8.25 0 2 400000 - 7 - 2 400 7.21875 3.5 2 400 7.21875 0 Mining [ ] The Ubiq blockchain generates blocks using a system with a target average blocktime of 88 seconds. The algorithm used for, Dagger Hashimoto, is the same that is used for and, however, the longer average block times decreases the growth size of the used to represent the blockchain, enabling lower end (as of 2017) with 2GB of RAM to operate on the chain for over 6 years. In addition, Ubiq integrates a new difficulty adjustment algorithm, Flux, in order to maintain more consistent blocktimes under conditions of variable hash rates. A number of cryptocurrency mining pools support the Ubiq blockchain, including Minerpool, HODLpool, MaxHash, and Ubiqpool. Growth of DAG size of Ubiq (green) vs Ethereum (blue) Ecosystem [ ] Market capitalization [ ] As of Jan 2018, the market capitalization of Ubiq (UBQ) was more than $180 Million USD and was the 120th largest digital currency by market capitalization. The price of the native token reached an all-time high of over $7 on 3 Jan 2018.

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