What is Ubiq?
Ubiq (UBQ) is a blockchain-based platform that aims to revolutionize decentralized applications, NFTs, tokens, and other functionalities through smart contracts. Unlike traditional centralized systems, Ubiq provides a permissionless, public blockchain network that is free from any individual or business control. This means that all transactions, operations, and functionalities are open to everyone, promoting a more secure and transparent ecosystem.
Developed on an enhanced version of the Ethereum codebase, Ubiq aims to provide an enterprise-stable platform by implementing thoroughly tested and well-established EVM (Ethereum Virtual Machine) code. With almost double the throughput than Ethereum and fewer issues, Ubiq strives to provide a more efficient blockchain network that has greater chain security and network reliability.
One of the unique features of Ubiq is its community-driven and open-source governance system, Escher. The platform ensures that all important decisions are made by the community via transparent, immutable, and verifiable public voting. This approach to governance ensures that the platform remains decentralized and governed by the community's interests rather than centralized organizations.
Ubiq launched without an ICO, developer fee, or pre-mine, and the developer's incentives are aligned with the long-term success of the project. As a fair launch and an independent blockchain network, Ubiq offers flexible solutions to users in an open array of regulatory spaces. Ubiq's code is available for the community where developers can create and collaborate on existing code. Therefore, all the development is voluntary, allowing the platform to remain community-driven.
UBQ is the official cryptocurrency of the Ubiq network, secured by cryptography to ensure the safety of users' wallets and transactions. UBQ tokens can be sent to anyone, anywhere, and at any time without involving third parties. When users send UBQ tokens to use the Ubiq application, the user pays a little compensation in the form of UBQ. This compensation incentivizes miners to verify and process the transactions, ensuring the platform is always secured and free from central control.
Ubiq was launched on January 26, 2017, with the genesis block created on January 28, 2017. On May 10, 2017, the platform witnessed Qwark token swaps to the Ubiq network, and APX ran and launched ICO on the Ubiq network. Later, on November 30, 2017, the platform released Spectrum and Trezor Wallet Support. On February 9, 2018, the platform's new governance system, Escher, was announced. The team behind the platform includes lead developers Julian Yap, Luke Williams, Kris Hansen, and Aldo Borrero. Other key members include Alex Sterk, business manager, and Kris Lester, community manager.
Ubiq tokens have no fixed maximum supply, ensuring that there are always enough tokens to sustain the ecosystem securely. Overall, Ubiq is a promising blockchain-based platform that provides a transparent, secure, and community-driven ecosystem that allows for decentralized applications, tokens, and other functionalities.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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