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Author Topic: [ANN][UBQ] Ubiq - Smart Contracts For An Automated World  (Read 330114 times)
jyap
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January 24, 2017, 11:19:55 PM
Last edit: June 29, 2019, 06:49:29 AM by jyap
Merited by weifa (8), kandholabhavna (6), xocel (3), sambiohazard (1), Crypt0ptimus (1), Veggie (1), coldman (1), Steelctyboy (1), stickiest (1), krislester (1), HarryKF (1)
 #1





After 6 months of public testing, the Ubiq network is ready for launch! We are excited to open up participation for all members in the blockchain development, mining and financial space.

January 28th 2017 will mark the inception of the new blockchain and transfer of value from the existing Jumbucks blockchain to the Ethereum based Ubiq blockchain. The new chain will bring about many new capabilities through smart contracts, giving us a far greater opportunity for lasting applications while still having the existing value and stability from an established 3 year old market.

The Ubiq development team is committed to providing the most stable, flexible and bug-free platform available for the development of enterprise level applications. This is accomplished through extensive observation, testing and improvements to the various blockchain technologies currently available.


Markets closed

On January 28th, 2017 at 12:01am PST the Jumbucks [JBS] market will be closed on exchanges.

Snapshot and Genesis Block creation

A snapshot of the Jumbucks blockchain will be taken with the balances recorded for every JBS address.  The Genesis Block will be created from claimed addresses.

Wallets will be created and the code will be published to Github.

Network Launch

On January 28th, 2017 at 12pm PST the Ubiq [UBQ] network will be launched.

Post Launch

The Ubiq market will be open on exchanges the following week.

Any unclaimed Ubiq will be placed into multi-sig address.  If you have already submitted via the claim form, please ensure you have all of the info required (keys and password) to import and unlock after swap. If need be, you can resubmit with the same JBS address, the latest verified submission will be used.


The old Jumbucks network will be considered developer deprecated and unsupported.


Ubiq is proud to be the first Ethereum fork which brings about consensus level changes in the form of brand new code.

The Flux Difficulty Algorithm is one of the innovations of the Ubiq network.  Prior to Ubiq there have been other Ethereum forks which were attacked as they did not have an adequate difficulty algorithm which was able to dynamically adjust to hash rate.

Below we can see the difficulty curve in the Ubiq network over the first 10,000 blocks with 3 distinct sections.


The first section represents the originally ported Digibyte Digishield algorithm which did not fare well at all on a large hashing network.  The second section represents the Digibyte Digishield algorithm with modified parameters which was an improvement but still not good enough.  The third section from block 8,000 onwards shows the Flux Difficulty Algorithm™ where we went back to the drawing board and designed a new solution.

The new codebase allows for difficulty retargeting every block using the Flux Difficulty Algorithm to achieve an 88 second block time average over time. The algorithm reacts to changes in hashrate each block by analyzing the timestamps of the previous 2 hours worth or blocks.

The addition of Exponentially Subjective Scoring is now an optional flag for services like exchanges and pools to calculate during any adverse network conditions including forks. This protection exponentially reduces the window a double spend can take place while also providing seamless consensus of nodes on the “longest” chain.

With our designed Monetary Policy, block rewards will start out at 8 and decrease by 1 yearly until it reaches a minimum of 1 UBQ per block.

In Ubiq we wanted to program in the option of staying with Proof of Work indefinitely should it prove to be viable long term.  There are many aspects we will consider in terms of viability such as overall health of the Proof of Work network, and coin distribution, but ultimately we foresee a future where Ubiq may run as a Proof of Work network forever.  With Ubiq we plan on running a Proof of Work network for a minimum of 1 year before considering and evaluating any switch to a Proof of Stake scheme.

This monetary policy and mining block rewards scheme is illustrated in the table below.


Further details and changes:

  • Algorithm: Dagger Hashimoto
  • Block Reward: 8 decreasing by 1 yearly until 1 UBQ per block
  • Block Target: 88 seconds
  • HTTP RPC server port: 8588
  • Websocket RPC server port: 8589
  • Network listening port: 30388
  • Network ID: 88
  • Chain ID: 8 (EIP 155 Replay Attack Protection compliant)
  • Reduced rewards for included Uncle blocks
  • Forked from the latest Geth 1.5 containing all the latest EIPs
  • Removed code references to the DAO fork


Ubqminer: https://github.com/ubiq/ubqminer/releases

PhoenixMiner 4.0b+: https://bitcointalk.org/index.php?topic=2647654.msg48314178#msg48314178

TT-Miner: https://bitcointalk.org/index.php?topic=5025783.0

Nanominer: https://github.com/nanopool/nanominer/releases/tag/v1.0.0

The longer block times of Ubiq means the DAG size growth will be much slower, allowing graphics cards with 2GB RAM to mine for over 6 years.  In Ethereum 2GB graphics cards were obsolete a bit over a year later after launch as seen in the chart below.



Ubiq Pool.io - http://ubiqpool.io

CoinPool.eu - http://ubq.poolcoin.biz

Suprnova - https://ubiq.suprnova.cc

Mole-Pool - http://mole-pool.net

CoinMiners - https://ubiq.coin-miners.info

AikaPool - https://aikapool.com/ubiq/

Ubiq Pool Sexy - http://ubq.pool.sexy - BCT thread: https://bitcointalk.org/index.php?topic=1736308.0

PoolTo.Be - https://ubq.poolto.be

Minerpool.cc - http://ubq.minerpool.cc

Ubiq.cc - http://www.ubiq.cc/minerpool

Clona Network - http://clona.ru:3015

Minertopia.org - http://ubq.minertopia.org

Ubiq Pool.com - http://ubiqpool.com - BCT thread: https://bitcointalk.org/index.php?topic=1851011.0

Coinminer.space - http://ubiq.coinminer.space

HakoPool - https://ubiq.hakopool.com

EpicPool.Club - http://ubiq.epicpool.club

ŻET Technologies - https://ubq.zet-tech.eu

HODLPool - http://ubiq.hodlpool.com

Kwik Pool - https://ubq.kwikpool.party - BCT thread: https://bitcointalk.org/index.php?topic=2037265.0

MinerPool.net - http://ubiq.minerpool.net - BCT thread: https://bitcointalk.org/index.php?topic=2045574.0

Epool.io - https://ubq.epool.io

LowFeeMining.com - http://ubiq.lowfeemining.com


Fusion GUI wallet - https://github.com/ubiq/fusion/releases

Gubiq binaries available - https://github.com/ubiq/go-ubiq/releases/

Pyrus - https://pyrus.ubiqsmart.com - Open-Source & Client-Side Ubiq Wallet


Bittrex - https://bittrex.com/Market/Index?MarketName=BTC-UBQ

Litebit - https://www.litebit.eu/en/buy/ubiq

UPBit - https://upbit.com/exchange?code=CRIX.UPBIT.BTC-UBQ


Ubiqscan - https://ubiqscan.io

Ubiq.cc - http://www.ubiq.cc

Ubiq Explorer - https://ubiqexplorer.com/


Julian Yap - @jyap

Well experienced in building blockchain technology and Systems Engineering working with notable projects like Bittrex (over 100 coin code reviews), Blocktech and Decred. Julian has provided several key principles of design, networking and economics to the project.
 
Luke Williams - @iquidus

Joining the space in early 2012, Luke became well known within the blockchain community for building and providing resources and services. The creator of Iquidus Explorer, a blockchain search tool deployed for many ledgers in the industry. He is also the Technical Director for his company KryptoTech located in Spain.

Kris Hansen - @CoreRenewal

Along with bringing many relationships in the existing fintech space, Kris is a capable developer for a wide range of systems and languages. He is helping with several technologies and use cases for the project along with contributing to the blockchain codebase.

Alex Sterk - @block_talk

Appearing with blocktalk in early 2015, Alex has met and interviewed a host of notable people and projects in the  cryptocurrency industry. Examining them across many attributes but providing meaningful education for many across the space, Alex brings his networking and management skills as our community manager.


A road map of Ubiq’s full range of plans for 2017 will be coming soon!

Early focus will be on network stability, releasing the Fusion Wallet, and KryptoTech deploying their first token.



Ubiq is a blockchain platform which allows the creation and implementation of smart contracts and decentralized applications. Built upon a modified Ethereum codebase, Ubiq adds consensus level changes in the form of new code.  Ubiq acts as a large globally distributed ledger and supercomputer, which allows developers to create decentralized and automated solutions to thousands of tasks which today are carried out by third party intermediaries. The Ubiq development team is committed to providing the most stable, flexible and bug-free platform available for the development of enterprise applications.

Ubiq carries forward 3 years of value, growth and development from the JBS network. It is Fair Launch cryptocurrency with zero premine or ICO, and is traded on Bittrex.
 
Find out more information at Ubiqsmart.com.  Sign up to Ubiq Slack to be a part of a growing community of over 1,000 crypto enthusiasts and Ubiq fans!
 
Follow @UbiqSmart on Twitter for all the latest news and announcements!




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January 24, 2017, 11:21:47 PM
 #2

finally, ok now swap my coins and make me rich. 

http://MutualCapitalCrypto.com

Bitrated user: AltcoinGodson.
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January 24, 2017, 11:28:57 PM
 #3

OMG

I am so ready for this!
Sounds like a lot of work has gone into this before coming out with the ANN which is very promising!

Lots of new additions, standing out from the copy-paste ETH clones which gets me all excited Cheesy
Solid team behind this coin too.

This should have some amazing long term growth!

Nice stuff devs Smiley
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January 24, 2017, 11:52:46 PM
 #4

When pow will start ?
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January 24, 2017, 11:58:33 PM
 #5

exciting. +the free bag. Do it Ubiq

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z38630610
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January 24, 2017, 11:59:39 PM
 #6

this eth algo coins?

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.JINBI..

merges gold’s investment
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...T H E   G O L D E N   I C O...
.────────     WHITEPAPER     ────────.
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jyap
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January 25, 2017, 12:02:05 AM
 #7

When pow will start ?

Network Launch

On January 28th, 2017 at 12pm PST the Ubiq [UBQ] network will be launched.

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January 25, 2017, 12:02:38 AM
 #8

this eth algo coins?

That is correct. Get your miners ready!

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January 25, 2017, 12:35:56 AM
 #9

Why is claymore not avail right off the bat?
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Go Jupiter!


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January 25, 2017, 12:36:52 AM
 #10

Why is claymore not avail right off the bat?

Claymore doesn't work with epoch #0. use genoil or ethminer for about 30 days and switch back. That is what I'm doing.
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January 25, 2017, 01:32:35 AM
 #11

Its me Sulfurtank. Dont u think ur big assed and well-boobed smart contracts have become obsolete and should be replaced with something else? U can introduce a dumb contract to model a new type of network infrastructure and make money off it. Develop it urself and let people know its urs, thereby unique creation that no one else can copy or replicate into less popular project, as such u will succeed as dumbass asset maker, but never copy the work of others if u dont wanna be put behind bars.
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January 25, 2017, 01:41:34 AM
 #12

Can i get the Russian translation done?
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January 25, 2017, 02:04:57 AM
 #13

Its me Sulfurtank. Dont u think ur big assed and well-boobed smart contracts have become obsolete and should be replaced with something else? U can introduce a dumb contract to model a new type of network infrastructure and make money off it. Develop it urself and let people know its urs, thereby unique creation that no one else can copy or replicate into less popular project, as such u will succeed as dumbass asset maker, but never copy the work of others if u dont wanna be put behind bars.

the bedrock of open source development is taking previous work and improving it.
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January 25, 2017, 02:53:16 AM
 #14

i thnk this is great project, i will prepare myself to mining it.
anyway, if this is smart contract with same algo with ethereum, what the special of this coin ?
give me some reason to mining it  Smiley

A number of technical changes are mentioned in top post, all of which Ubiq is the first to implement in an eth based codebase. There are also other changes we didnt feel were big enough to make the ANN, such as changes to uncle rewards. Read about this here

Something I hear very common when talking to various companies about blockchain technology is 'We are very interested in ethereum, but there is too much uncertainty to risk basing our day to day operations on its blockchain'. This is understandable given its been a pretty rough ride, bugs are to be expected when innovating at the pace the eth team have been. This is where Ubiq comes in, our goal is to provide a stable platform that offers the same functionality as ethereum that companies can rely on. This will be achieved by taking a very cautious approach to adding any new code. The changes we have made, have been thoroughly tested over the last 6 months in a series of public test builds, all of which are focused on scaling and stability.

We also have a great team behind the platform, as well as some strategic partners.

Right now the focus is the launch, however we have a lot in the works. Expect more announcements post launch as things come to fruition.


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January 25, 2017, 02:59:16 AM
 #15

Can i get the Russian translation done?

Russian thread can be found here

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January 25, 2017, 03:09:28 AM
 #16

Watching. I dont own any jbs but im thinking I might just want to now.
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January 25, 2017, 03:27:57 AM
 #17

Watching. I dont own any jbs but im thinking I might just want to now.

it's never too late to join the team.

come say hi http://slack.ubiqsmart.com

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January 25, 2017, 04:15:32 AM
 #18

Why you close the other thread?
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January 25, 2017, 04:35:06 AM
 #19

If my JBS are on exchange (bittrex), do i need to do anything to swap to UBQ?

And ,will UBQ trading start immediately after the JBS market is closed or is there any waiting period ?
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January 25, 2017, 05:16:39 AM
Last edit: January 25, 2017, 10:58:09 AM by Golova4lena
 #20

Devs, pls chek this scam coin UBIQ - UBIQUOIN:

https://bitcointalk.org/index.php?topic=1524644.0

https://yobit.net/en/trade/UBIQ/BTC

You have the same name for your project and this can be cause of confusion and misunderstanding in your good intentions.

                                                              
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PEERMOUNTAIN


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