Review on Ubiq by Fabrizio Zampieri
Ubiq is a hard fork of Ethereum that’s completely separate from the Ethereum…
Ubiq is a hard fork of Ethereum that’s completely separate from the Ethereum ecosystem. It runs a slightly modified version of the Ethereum blockchain and implements the Ethereum Virtual Machine for smart contracts and dApps.
The project is still rather small. It launched without an ICO, and its token is a port of the old Jumbucks token. Since there was no token sale, the UBQ token has been available on the exchanges since shortly after the genesis block. It replaced the deprecated JBS token.
Pros
- There was no token sale at the beginning of the Ubiq project, so there’s no official development budget. Everything is open source and community driven. The founding team had to purchase UBQ the same as any investor. Ubiq prioritizes stability and methodical, bug-free upgrades. This is important for enterprise applications where a constantly changing platform is a technology risk. Companies using Ubiq smart contracts can be sure that their contracts will continue to function properly whenever new upgrades enter production. The project is led by a team of five experienced blockchain developers, all working on a not-for-profit basis.
Cons
- - Few partnerships. - Slow project's development timeline. There is no fiat gateway of UBQ, and Bitcoin is the strongest trading pair available to purchase UBQ. 90% of all UBQ orders take place on Bittrex. That’s probably the easiest place to buy UBQ once you own BTC. UBQ/BTC is the only trading pair available on Bittrex. Cryptopia also offers UBQ in trading pairs with BTC, LTC, and DOGE. However, the volume on LTC and DOGE is so negligible that you’d be lucky to get an order through at a fair price for one of those currencies.
