Review on Ubiq by Syed Adnan
Hard forked from Ethereum blockchain.
The blockchain acts as a host of virtual machines with a decentralized distributor account, allowing developers to create automated smart contracts to perform many tasks, which third parties typically perform.
Token is the platform’s native cryptocurrency, which is essentially similar to the gas bitcoin that drives the entire network, it controls the rate of inflation with an established monetary policy.
Pros
- The platform allows excavation by producing blocks with an average block-time of 88 seconds.
- The flux difficulty algorithm was created as a solution to the problem found in previous ether forks.
- Changes to its code allow the flux difficulty algorithm to achieve an average block-time.
- The algorithm achieves this by analyzing changes in hash rate timestamps over the past two hours.
Cons
- One particular problem was the lack of efficient difficulty adjustment algorithms to adjust the hash rate.
