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. Wallets will be created and the code will be published to Github. Create A Komodo KMD Miner. Network Launch On 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.

Ubiq UBQ Mining Pools Monitoring. Find your closest pool server using ping information. To get more information open mining nodes for each website. Ubiq UBQ Mining Pools Monitoring. Find your closest pool server using ping information. To get more information open mining nodes for each website. Using WhatToMine you can check, how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin.

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. We have ported Digibyte's Digishield v3 difficulty adjustment algorithm to an Ethereum code base, the same difficulty algorithm recently chosen by the Zcash development team. The new codebase allows for difficulty retargeting every 88 second block using the Digishield algorithm. This reacts to changes in hashrate each block to increase difficulty and increase attack costs for miners.

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 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 At launch you can use any available Etherereum mining software with the exception of Claymore.

Claymore will be available after ~30 days once the network reaches Epoch 1 (Block 30,000). Genoil: Ethminer: 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 - Suprnova - Source Code: (Full source code and binaries will be announced before the launch!) The Fusion GUI Wallet will be released after launch. Julian Yap - 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 - 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 - 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 - 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. Jumbucks is a Fair Launch cryptocurrency which launched in September 2014 without an IPO and with zero premine.

Jumbucks currently runs as 100% Proof of Stake, and is currently traded on and. Find out more information. Jumbucks will be swapping to a new chain, Ubiq (UBQ), which will be an Ethereum fork with new features! Sign up to to be a part of a growing community of over 740 crypto enthusiasts and Ubiq fans! Follow on Twitter for all the latest news and announcements!

The purpose of the Pre-Announcement thread on BitcoinTalk is give details about the Jumbucks coin swap to a new chain and upcoming network launch. Was launched in September 2014 as a Peercoin based Proof of Stake coin with Proof of Work period which ran for over 2 weeks before becoming 100% Proof of Stake. We have initially announced our intentions to swap to an Ethereum fork around 2 months ago with the launch of our. To date, JBS is considered a fairly launched cryptocurrency platform that has never participated in offering an ICO or premine, but rather, is an open transparent platform for all to enjoy. We are excited to announce that Jumbucks will be renamed as Ubiq (ticker UBQ), an Ethereum fork.

We humbly invite miners, investors, developers and the greater community to be involved! Moving to an Ethereum codebase/fork has many advantages. Myself and fellow developer are primarily application developers. The applications will underpin the value of the Ubiq blockchain. Having our own blockchain allows us to make a suite of dApps which can interact with each other. Smart contracts don't need to be large monolithic code chunks which has led to issues such as The DAO hack.

As developers, we closely follow improvements in blockchain technology, realizing that the willingness to evolve in the face of new technology and innovation is key to maintaining relevance in the crowded space of cryptocurrencies. In keeping with this commitment to innovation, we are excited to announce a number of significant changes taking place with Ubiq, which will propel it ever closer to real-world application as a currency, and create opportunities for the development of decentralized applications. Ubiq has developed and actively tested several fundamental upgrades over a simple clone of the Ethereum codebase. The Ubiq chain has a more accurate difficulty targeting algorithm paired with an 88 second block time, in order to more effectively handle hash rate fluctuations. Ubiq has additional characteristics which make it appealing to developers, miners, and traders, as we work to create a blockchain appropriate for real world usage.

Established market presence and exchange liquidity - Many new coin launches create liquidity through the gimmick of an ICO or an airdrop. Ubiq creates this benefit organically, through moving the money supply of Jumbucks to a new chain, bringing with it two years of established development, fair distribution, Bittrex listing and goodwill. Committed Community - A network's value is inherent by the community that participates. Ubiq has a Slack community of over 600 people, and this established community of programmers, investors and crypto-enthusiasts bring invaluable knowledge and thoughtful ambitions to the new network. Ubiq is proud to be the first Ethereum fork which brings about consensus level changes in the form of brand new code. We have ported Digibyte's Digishield v3 difficulty adjustment algorithm to an Ethereum code base. Incidentally, this is the same difficulty algorithm recently chosen by the Zcash development team.

The new codebase allows for difficulty retargeting every 88 second block using the Digishield algorithm. This reacts to changes in hashrate each block to increase difficulty and increase attack costs for miners. There will also be a reduced and dynamic change to reorganizing length. It is achieved by using deterministic when comparing two chains of from a common ancestor.

This protection exponentially reduces the window a double spend can take place while also providing seamless consensus of nodes on the “longest” chain. Essentially the longer the reorg, the higher penalization, and the less likely the new chain will become the main chain. It is more expensive to attack a well publicized good chain. Further details and changes: • Algorithm: Dagger Hashimoto • Block Reward: 8 • Block Target: 88 seconds • HTTP RPC server port: 8588 • Websocket RPC server port: 8589 • Network listening port: 30388 • Network ID: 88. Coins will be swapped at a 1:10 ratio to the new chain. Right now Jumbucks has 3,618,243 JBS coins minted. Under Ubiq the coin count will increase proportionally to 36 million.

Purely on a mathematical scale, this doesn't change a thing in that you still have a same percentage ownership. What changes is perception and actual use of the coin. A higher coin count works out better for distribution as there are more 'full units' to disburse. Having 36 million coins means we can use similar settings to Ethereum (with coin count of 84 million), for example using same Gas costs. Briefly there will be 2 methods for swapping.

Claiming or using an exchange which will perform a claim and adjust on-exchange balances accordingly. The off-exchange claim process will involve and consist of: • Generating receiving UBQ address(es) - • Using the to enter JBS address(es) mapped to a receiving UBQ address(es). Please use a VPN if you would like your IP masked - • You will need to sign a message with the receiving UBQ address to prove ownership of the JBS address • JBS address balances will be snapshot at a defined block. This prevents double claims • UBQ address balances claimed prior to Ubiq network launch will be programmed into the Genesis Block of the Ubiq chain. Be a part of history! • You will be able to perform a claim at a later date as well after the Ubiq network has been launched.

The intention is not to screw people over with a claim process with a short time window • At some point we intend to send any unclaimed funds to a multisig address which will require multiple party approval to process any later claims We intend to make this claim process as fair and transparent as possible and it can therefore be audited on the blockchain. To maintain a healthy staking network we recommend people participate in the off-exchange claim process for the bulk of their holdings. You may want to consolidate some of your holdings to a smaller number of JBS addresses leading up to the swap. Thank you for your participation! Jumbucks is a Fair Launch cryptocurrency which launched in September 2014 without an IPO and with zero premine. Jumbucks currently runs as 100% Proof of Stake, and is currently traded on and. Find out more information.

Jumbucks will be swapping to a new chain, Ubiq (UBQ), which will be an Ethereum fork with new features! Sign up to to be a part of a growing community of over 640 crypto enthusiasts and Jumbucks fans! Follow on Twitter for all the latest news and announcements!