What is Ubiq?
Ubiq is a fork of Ethereum with an upgraded code, and they claim that other forks of Etherem have not had "..an adequate difficulty algorithm which was able to dynamically adjust to hash rate."
This upgrade code allows Ubiq to be better prepared for attacks, for example with things like "The Dao" hack.
Which obviously was a nightmare for Ethereum, which ended up causing Ethereum to hard fork, leaving the original Ethereum code as Ethereum Classic!
Now Ubiq offers the same features as Ethereum, which they mention here.
Ubiq is a decentralized platform which allows the creation and implementation of smart contracts and decentralized applications. Built upon an improved Ethereum codebase, the Ubiq blockchain acts as a large globally distributed ledger and supercomputer, allowing developers to create decentralized and automated solutions to thousands of tasks which today are carried out by third party intermediaries.
https://ubiqsmart.com/
So basically they will be able to offer smart contracts and automated solutions for things like:
- Buying real estate
- Renting items or equipment (even smart cars)
- Medical history
- Voting and Government
- And anything that requires basically an "agreement" today!
Conclusion
So even though it sounds like Ubiq has built a great technology and platform, they do still have to compete with mega-giant Ethereum.
But I do think that people will always look for better and cheaper ways to transact.. so there is no way to know what the future holds!
Thanks for checking out my post, and if you want to learn more check out Ubiq's website.
Image Source: twitter.com/ubiqsmart
Website: https://ubiqsmart.com/
Disclaimer: All of my posts are for entertainment purposes only, and are only my opinions. This is not investment advice. Please do your own research before investing in anything.
Post - Vote - Earn :D
Interesting. I think I'll have to include this on my list of platforms I'm checking out.
Thank you for the information buddy.
👍
Anytime 🤘
Interesting
Thanks for sharing! I have never actually looked into Ubiq as an alternative for the bigger ones out there, but it might be interesting. Cheers, @Finance2Nomad
Yeah it definitely seems interesting..
I'd like to see it grow.
Nice article, thanks for the info!
Can it do ICOs?
Interesting post. I was about to start a similair discussion. The quality coins are here to stay and it's like buying in at the S&P 500 50 years ago. Cryptos will fall and rise at a more rapit phase any investment market has ever seen. Just hold (literaly) and enjoy the ride. I was researching a way to do better investment analysis on the current cryptos. This is quite an interesting website I found: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto. Check for example: https://www.coincheckup.com/coins/Ubiq#analysis For a complete Ubiq Detailed analysis.