Ubiq (cryptocurrency)

Ubiq is a decentralized platform built on Ethereum codebase. It enables users to create and implement smart contracts and decentralized applications that can act as solutions to tasks that are otherwise handled and managed by third party groups.

There are currently three official cryptocurrency wallets for Ubiq which include a desktop wallet, hardware wallet, and a client-side browser based wallet. Each wallet is combined into one wallet called the Fusion Wallet that allows users to get all the functions of the Ubiq cryptocurrency and create smart contracts and tokens within the wallet application. The Ubiq protocol is implemented with Go-ubiq, and is the official golang implementation of Ubiq.

Ubiq describes itself as an EVM compatible Proof of Work blockchain that supports tokens, DApps, and smart contracts. According to the team, it was launched as a permissionless, non-ICO/premine network maintained voluntarily by its global community of developers and community.

Apart from being backwards compatible with the EVM ecosystem, Ubiq also features a distinct and predictable monetary policy, on-chain governance via the Escher system, and its proprietary PoW hashing algorithm called "Ubqhash" (along with its 'Flux difficulty algorithm').