We are Ubicoin

What is Ubicoin ?

Ubicoin is an experimental digital currency that enables instant payments to anyone, anywhere in the world. Ubicoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Ubicoin Core is the name of open source software which enables the use of this currency.

We built this coin with the aim of opening up jobs like miners, traders, and many other sources of income. Our team consists of volunteers who support the success of this project even though it will take a long time, but we are fully convinced that one day we will be one of the candidates to replace Bitcoin.

Ubicoin is decentralized. Ubicoin does not store any of its information in a central location. Instead, the blockchain is copied and spread across a network of computers. Whenever a new block is added to the blockchain, every computer on the network updates its blockchain to reflect the change. By spreading that information across a network, rather than storing it in one central database, blockchain becomes more difficult to tamper with. If a copy of the blockchain fell into the hands of a hacker, only a single copy of the information, rather than the entire network, would be compromised.

If you are a new user of Ubicoin, you can install a Ubicoin wallet that will generate an Ubicoin receiving address, you can create as many Ubicoin addresses as you want. Each Ubicoin address has its own uniqueness, the usual address will start with the letter V, the main address will start with the letter U and the Segwit address starts with Ubi.

Ubicoin uses the Algorithma Scrypt with a prize of 50 Ubi for each new block created by miners, the average time for creating a block is 15 minutes. Prizes on the UBI block will be reduced by 50% on every 210,000 new blocks we know in Halving terms. The total number of UBI distributed as a whole will reach 21,000,000 UBI.

A transaction is a transfer of value between Ubicoin wallets that gets included in the block chain. Ubicoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast to the network and usually begin to be confirmed within 10-20 minutes, through a process called mining.

The block chain is a shared public ledger on which the entire Ubicoin network relies. All confirmed transactions are included in the block chain. It allows Ubicoin wallets to calculate their spendable balance so that new transactions can be verified thereby ensuring they're actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography.

Why Ubicoin

Ubicoin has its own advantages, not just cryptocurrency but also an open space.

Fast Transaction
Open Source
Targeted clients
Peer to peer
Untracked
Spread out

Downloads

Source Code

Github Source
Ubicoin Github

Source Page - Release Page

View Source

FAQ

  • — How to earn Ubicoin ?

    You can produce Ubicoin through mining or buy it through several exchanges or from miners.

  • — Does Ubicoin keep privacy a secret?

    Ubicoin guarantees the privacy of each user, the amount of assets and others cannot be known while you always use the new recipient address when receiving Ubicoin, even we cannot know who you are.

  • — How does the blockchain work on Ubicoin?

    When sending Ubicoin to another recipient's address, it will produce a notification that the shipment is at the confirmation level of 0. On the official Ubicoin wallet, the coins received have reached at least 1 confirmation before they can be used for delivery. One confirmation will be added when the miner discovers a new block that will be considered a delivery confirmation and is forwarded to another wallet using a peer-to-peer blockchain network.

  • — How to help the development of Ubicoin?

    You can help us by using our coins, making mining efforts, making exchanges, distributing Ubicoin, and many more positive things that can help us, thank you for being interested in helping us.

Ubicoin Core Team

Annie
Isaac
CEO/Developer
Carina
Kelvin Wijaya
CEO/Social
Greg
AL
Developer
Russell
Fatur
R&D
Pete
Jaya Diki
Social Marketing
Olga
Zhail
Designer
Jane
Dimas Pamungkas
Marketing VP
Roo
Roo
QA

Want to join on projects that really matter? We're Welcoming.

Philosophy

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