Due to the overwhelming number of updates since we published the February quarterly, there were several news items which we did not have enough time to write about.

This blog post aims to address the rest of these updates and to provide the community with some information about the new marketing direction, aimed at increasing adoption and development on the Ubiq platform.

Transaction Activity and Network Hash

As part of operating a transparent blockchain platform, we intend to include reporting of the transactional activity, network hashrate (estimated) and mining difficulty.

Below you will find the full history of these records, which we will continue to update on each subsequent quarterly report.

Ubiq weekly average difficulty and the estimated hashrate

Ubiq weekly transactional on-chain throughput.

As you can see from the graphs above, hashrate and network difficulty have been remarkably resilient during the crypto downturn, with the network stabilizing in the 250–400 GH/s range. Ubiq is committed to PoW for securing the network and we wish to thank our miners for their continued support.

Transactional throughput has also been steady for around 45 weeks, stabilizing in the 40,000 to 60,000 per week range. This has come down from a peak of 115,453 transactions per week since Qwark made optimizations in their processing of network transactions.

We should note that the Ubiq network is no-where near its current transactional capacity, which is around 1900 transactions per block (approximately 12.8 million transactions per-week, with all blocks full).

Sparrow Update 1.0.2 Released

Version 1.0.2. update for Sparrow has been released which contained several bug fixes, including an issue where invalid transaction signatures were being generated.

The update also coincided with several back-end updates for the Sparrow remote procedure call (RPC) nodes.

These updates lead the way for new functionality being brought into the Escher interface soon, the main one being a simplification of the voting process by integrating Sparrow, allowing users to vote on proposals in a two-click process.

Ubiq integration in Dexlab

Dexlab is an open source infrastructure of fintech tools and services with people at its core. They focus on closing the gap between blockchain and 2° layer by providing great ux and more inclusive products while preserving the original cypherpunk, decentralized ethos.

We first met Dexlab’s team at Edcon in Toronto where they were determined to be the first mobile wallet to support Ubiq and its tokens.

They have been supporting Ubiq on their Dexwallet during Alpha release and are planning to launch an application on iOS which will support Ubiq on the next stable release.

We look forward to working with the team further to ensure development of parallel features for the Ubiq ecosystem.

Ubiq added to Coingamex.com

New exchange Coingamex has recently opened a market for Ubiq, with two trading pairs available against Bitcoin and Ethereum.

Marketing Drive

As alluded to in the August Quarterly, there has been a community-driven focus placed on marketing the Ubiq platform. The aim of this marketing campaign is primarily to increase awareness within the development community and businesses who wish to adopt Blockchain technology.

A secondary goal is to free up as much time as possible for our core team, so they can focus on developing the ecosystem and building connections with businesses who are interested in using Ubiq technology.

Below, we summarize our activities and ambitions:

Invest in blockchain regular guest blog posts

We have recently been provided an opportunity to publish two monthly articles to the cryptocurrency news site ‘Invest In Blockchain’.

Invest In Blockchain is one of the fastest growing websites in the cryptocurrency and blockchain space and attracts on average over 180,000 unique visitors every month.

We are excited to be working with their team and look forward to publishing there in the near future.

Reaching out to additional news sites

If you have any contacts with any blockchain related news sites or YouTube channels, we are interested in hearing from you. We can provide Ubiq related content for your website regularly. Please contact us in the marketing channel within the Ubiq discord to discuss.

Platform Business Intelligence (BI)

To benchmark the capability of the Ubiq Platform, we have been making efforts to collect statistical information around the performance of the network, such as the historical transactional activity and network hashrate graphs mentioned earlier in this post.

We are continuing to work with this data and have collected some interesting information which we will share in a future blog post at some point.

New ‘Monthly’ Reporting Structure

Besides our regular quarterly updates, we are now implementing a new monthly reporting structure, starting this month. This is aimed to provide clarity to the community on progress made towards development and adoption on a much more granular basis.

We will publish all formal reporting on the last day of every month, with the quarterly reports still being released in February, May, August and November.