Definition Of Ubiq UBQ Mining
[ANN][UBQ] Ubiq - Smart Contracts. [UBQ] Ubiq - Smart Contracts For An Automated World (Read 295586 times) jyap. Hero Member Offline. Mining and financial space. By implementing this monetary policy, Ubiq have provided a fixed inflation schedule and are preventing a fee-only mining market from developing within the network. Conclusion Ubiq could become a contender within the cryptocurrency world, as the market capitalization of UBQ was more than $80m USD in June 2017, and had already become the 47 th largest digital currency.
Decentralized apps (Dapps) have been described as a paradigm shift in sofrware modelling. If you’re a believer, then Ubiq is one cryptocurrency worthy of consideration. An Introduction to Ubiq Ubiq first emerged in early 2017 as a fork out of Ethereum, the world’s second-largest cryptocurrency and blockchain of choice for developers looking to create their own digital tokens. Ubiq intends to improve upon its predecessor by acting as a distributed ledger and supercomputer, which allows developers to create Dapps that are carried out by third parties.
By enabling the development of Dapps, Ubiq diverges sharply from some of the leading cryptocurrencies, including bitcoin. To refresh your memory, Dapps must meet four criteria to be considered decentralized: • must be open source and anonymous, which means no single entity holds token majority; • data must be stored on blockchain; • tokens must be used within the network; and • tokens are generated based on an algorithm that incentivizes contribution to the network.
For those interested in the technical specifications, Ubiq hosts the Ethereum Virtual Machine without the risk of hard forks. Some industry spectators say this makes it instantly more attractive for businesses. The system is based on Turing completeness rules without having to deal with frequent updates and instability caused by Ethereum hard forks. As an Ethereum spin-off, it is built with a Turing-complete language that makes it functionally different from other cryptocurrencies, most notably bitcoin.
The platform’s native cryptocurrency is UBQ. If bitcoin made us reevaluate our definition of store of value, Dapps can potentially expand our understanding of incentive-based applications.
(In the strictest sense of the term, bitcoin can be thought of as Dapp because it created the blockchain solution that solves real-world problems concerning centralization and a lack of transparency.) Until now, much of the transition toward Dapps has been driven by Ethereum, which has generated several successful projects utilizing the new technology. Some of the most notable include Golem and Augur. All this is to say that Dapps have a promising future, and Ubiq is looking to capitalize on this movement.
Token Specifications Unlike other cryptocurrencies, the total supply of UBQ tokens is not capped. At the time of writing, there were 39,213,112 million UBQ tokens in circulation, according to data provider CoinMarketCap. The total supply increases every year according to a pre-defined inflation rate. You read that correctly: the Ubiq platform has its own monetary policy. Inflation in year one of the project (2017) was set at 7.29% per block. By year 12, the inflation rate is set to fall to 0.71%.
At the start of the year when the token launched, there were 36,451,770 tokens in circulation. The number of tokens increases by 8 UBQ per block. UBQ Price Levels Even after Tuesday’s flash crash, the value of UBQ tokens has more than tripled in the last three months. At the time of writing, the coin was priced at $3.85, which represents a daily loss of 15%. At its lowest point Tuesday, Ubiq traded at $3.28, or roughly half of its record high from early January.
More than $1.2 billion worth of UBQ traded hands over the last 24 hours, with 82% of transactions occurring on Bittrex. Digital currency platforms Cryptopia and Upbit processed 10% and 8% of the daily transactions, respectively.
At present values, Ubiq is capitalized at $151 million, placing it outside the top 100. This means the cryptocurrency is still very much a dark horse. As we’ve seen before, that hasn’t stopped cryptocurrencies from catapulting into mainstream consciousness (for recent examples, see Cardano and Tron).
// -- Discuss and ask questions in our. An Introduction to Ubiq Ubiq first emerged in early 2017 as a fork out of Ethereum, the world’s second-largest cryptocurrency and blockchain of choice for developers looking to create their own digital tokens. Ubiq intends to improve upon its predecessor by acting as a distributed ledger and supercomputer, which allows developers to create Dapps that are carried out by third parties. By enabling the development of Dapps, Ubiq diverges sharply from some of the leading cryptocurrencies, including bitcoin. To refresh your memory, Dapps must meet a to be considered decentralized. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. -- // • must be open source and anonymous, which means no single entity holds token majority; • data must be stored on blockchain; • tokens must be used within the network; and • tokens are generated based on an algorithm that incentivizes contribution to the network.
For those interested in the technical specifications, Ubiq hosts the Ethereum Virtual Machine without the risk of hard forks. Mining Ethereum Vs Electra ECA. Some industry spectators say this makes it instantly more attractive for businesses. The system is based on Turing completeness rules without having to deal with frequent updates and instability caused by Ethereum hard forks.
As an Ethereum spin-off, it is built with a Turing-complete language that makes it functionally different from other cryptocurrencies, most notably bitcoin. The platform’s native cryptocurrency is UBQ. If bitcoin made us reevaluate our definition of store of value, Dapps can potentially expand our understanding of incentive-based applications. (In the strictest sense of the term, bitcoin can be thought of as Dapp because it created the blockchain solution that solves real-world problems concerning centralization and a lack of transparency.) Until now, much of the transition toward Dapps has been driven by Ethereum, which has generated several successful projects utilizing the new technology.
Some of the most notable include Golem and Augur. All this is to say that Dapps have a promising future, and Ubiq is looking to capitalize on this movement. Token Specifications Unlike other cryptocurrencies, the total supply of UBQ tokens is not capped. At the time of writing, there were 39,213,112 million UBQ tokens in circulation, according to data provider CoinMarketCap.
The total supply increases every year according to a pre-defined inflation rate. You read that correctly: the Ubiq platform has its own monetary policy. Inflation in year one of the project (2017) was set at 7.29% per block. By year 12, the inflation rate is set to fall to 0.71%. At the start of the year when the token launched, there were 36,451,770 tokens in circulation.
The number of tokens increases by 8 UBQ per block. UBQ Price Levels Even after Tuesday’s flash crash, the value of UBQ tokens has more than tripled in the last three months. At the time of writing, the coin was priced at $3.85, which represents a daily loss of 15%. At its lowest point Tuesday, Ubiq traded at $3.28, or roughly half of its record high from early January. More than $1.2 billion worth of UBQ traded hands over the last 24 hours, with 82% of transactions occurring on Bittrex.
Digital currency platforms Cryptopia and Upbit processed 10% and 8% of the daily transactions, respectively. At present values, Ubiq is capitalized at $151 million, placing it outside the top 100.
This means the cryptocurrency is still very much a dark horse. As we’ve seen before, that hasn’t stopped cryptocurrencies from catapulting into mainstream consciousness (for recent examples, see Cardano and Tron). Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade.
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DGD Price Levels DigixDAO’s native DGD currency reached a new all-time high of $295.39 Thursday afternoon. The fresh record was followed by an immediate reversal, which drove prices back down to the $241 region. Once the bottom was reached, prices returned higher to trade around $274 for a gain of nearly 17%. There are 2 million units of DGD in circulation, bringing the total market cap to $562 million. That’s enough for 43rd place on the list of active cryptocurrencies.
// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. -- // Roughly $38.4 million worth of DGD traded hands on Thursday, with Binance processing roughly 63% of the transactions. Huobi also saw roughly one-third of the daily turnover.
DigixDAO: A Brief Primer Digix, as it is so often called, is marketed as Ethereum’s first Distributed Autonomous Organization. The gold-backed platform also operates as a lending system powered by the blockchain. The blockchain has two digital currencies: DGD and DGX, with the latter backed by real gold. In the case of DGX, one unit of the coin is equivalent to one gram of gold. Although there is no way to verify the voracity of the claim that DGX is backed by bullion, an organization known as the Inspectorate Bureau Veritas is said to provide quarterly audits of the company’s physical vaults. In the world of initial coin offerings, DigixDAO is considered relatively old.
The ICO went public in March 2016 and hit its $5.5 million target within 12 hours. Had the project launched one year later, it probably could have raised significantly more. (Token sales collectively raised more than $6 billion in 2017, according to.) Rare Gains Digix was the diamond in the rough on Thursday, as a global selloff rocked every major cryptocurrency.
At the time of writing, the total market cap for all cryptocurrencies was $427 billion, which represents a decline of more than $90 billion over the previous day. That’s the lowest market capitalization since Dec. What’s more, cryptos to show any signs of recovery, with bitcoin extending losses below the $9,000 threshold. This has proven unlike other major corrections, where bargain-hunters snatch up cryptos at unusually low levels relative to recent averages.
That being said, there’s little to suggest that a fundamental shift is at work. The slump originated in mid-January after South Korean officials expressed the need to better regulate the domestic crypto market. Possible solvency issues at major exchanges as well as a massive have also weighed on investor sentiment.
Crypto investors who are bullish on the market’s long-term prospects may find no time like the present to snatch up tokens at affordable rates. However, the nature of the downturn is slightly different than previous cycles because there hasn’t been as many buyers at the bottom. It remains to be seen whether this trend will persist. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading. Featured image courtesy of Shutterstock.
Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service.
Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. ( 3 votes, average: 5.00 out of 5) You need to be a registered member to rate this. // -- Discuss and ask questions in our.
Broad Declines The selloff on Thursday mirrored similar corrections throughout the month of January. With the exception of DigixDAO (DGD), all 100 of the top cryptocurrencies traded lower, according to data provider CoinMarketCap. Double-digit losses were common, with the likes of bitcoin, Ripple, Cardano, Stellar and Litecoin falling 10% or more. Bitcoin briefly fell below $9,000, reaching its lowest level since November.
Ripple XRP, the fastest growing currency of 2017, also fell back below the $1.00 mark. In terms of total market cap, cryptocurrencies sunk to a low of $452 billion. Bitcoin, once the overwhelming favorite, has seen its total market share drop to around 33%. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace.
-- // Thursday’s trade volumes averaged roughly $26 billion, with bitcoin accounting for 34% of the trades. Uncertainty, Controversy Weigh on Market The latest collapse followed reports that India was planning new restrictions on cryptocurrency trading. In a speech before parliament, Finance Minister Arun Jaitley said the government would clamp down on the use of crypto assets to finance illegal activities. Many mainstream media outlets took this to mean an all-out ban on cryptocurrency. This is somewhat confusing, given that India already considers cryptocurrencies to be illegitimate. Regulatory uncertainty continues to be the thorniest issue facing global cryptocurrency markets. Last month, concerns over a tighter clampdown on South Korean exchanges triggered one of the biggest two-day selloffs in history.
Markets are also on edge over fears that bitcoin prices may have been artificially inflated by digital currency exchange Bitfinex, which was recently subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC) along with Tether, a crypto startup with the same executives. Tether is a unique case because it is supposedly backed by U.S. However, analysts have questioned the voracity of those claims, with some arguing that Tether is issuing new coins to inflate the value of bitcoin to cover solvency issues. The price of bitcoin ballooned to the $20,000 range in December, bringing its total market cap to $330 billion. The coin’s total market value has fallen to less than half that level.
Analysts bullish on bitcoin believe now to be the biggest buying opportunity. Most medium-term price forecasts share the view that BTC is likely headed higher, although the road to getting there will be volatile. Market strategy firm Fundstrat recently gave bitcoin a year-end price target of $25,000. Others, such as cryptocurrency asset manager Jeet Singh, believe bitcoin could reach $50,000 by the end of the year. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading. Featured image courtesy of Shutterstock.
Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom. Best regards, Jonas Borchgrevink.
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$60,000 Zcash? Zcash, the privacy-focused cryptocurrency, could reach $60,000 in 2025, based on a financial model put together by Grayscale researcher Matthew Beck. With Zcash currently trading at around $408, that represents a in price. Although gains of this magnitude aren’t unheard of in cryptocurrency, Beck’s time horizon suggests we are in the midst of a bull market that still has many years left to go. However, the financial has one huge caveat: it assumes that Zcash will represent 10% of offshore wealth by 2025. Although this sounds absurd given the current market landscape, Beck argues that the coin’s potential extends far beyond its existing utility.
Like bitcoin and Ethereum before it, Zcash has been lauded for its safe haven properties. Combined with its privacy features, it could become the haven of choice for investors looking to hedge against inflation and political risks. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace.
-- // Beck argues: “[T]he privacy-enhanced features that ZEC offers perhaps make it even more resilient as a store-of-value than BTC, since selective disclosure reduces susceptibility to government intervention. We think of ZEC as the first globally accessible “offshore” investment opportunity, or a Swiss bank account in your pocket, so to speak.” To arrive at levels anywhere near where Grayscale has forecast, Zcash will have to contend with a myriad of market forces, which include regulation and mainstream adoption. Interestingly, Grayscale has been supporting the adoption of Zcash since the fall when it first added the coin to its portfolio. Enhanced Privacy Features Regardless of whether Zcash hits $60,000 or not, the coin’s privacy features have drawn the attention of security experts, whistleblowers and even cyber criminals. The cryptocurrency employs and enhanced encryption techniques that obscure the sender’s address. This feature goes above and beyond other privacy coins, such as Monero, which may generate fake addresses to hide the original sender’s true identity.
There are already signs that the is beginning to catch on to ZEC and other privacy-focused coins to evade law enforcement. Avalon Gulden NLG Miner. Currencies such as ZEC and Monero are said to go above and beyond the privacy currently offered by bitcoin and other leading altcoins.
ZEC Price Levels The value of Zcash rose 3% to $405 on Thursday for a total market cap of $1.3 billion. The cryptocurrency is on track for a large weekly decline, having lost nearly 15% over the past five sessions. ZEC is currently trading at around half of its historic high, which was obtained earlier this month. Daily turnover in ZEC averaged $76.5 million on Thursday, according to CoinMarketCap. Crypto exchanges HitBTC and Huobi each processed roughly one-fifth of the daily transactions. Bitfinex, Binance and Bitrex were also active markets for holders of ZEC. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies.
He holds investment positions in the coins, but does not engage in short-term or day-trading. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom.
Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. ( 5 votes, average: 4.80 out of 5) You need to be a registered member to rate this.