Welcome to the Ubiq Quarterly report for the month of May 2019.

Our development team have been back in action this month, working on further updates to Gubiq and the Fusion desktop wallet.

This month also saw the community become engaged with several governance events, signalling for Escher Airdrop #5, voting on a logo for Escher (UIP #4) and discussing UIP #5 (Escher Hub on the Cosmos network) on discord and GitHub.

March Recap

Gubiq 2.1. was released.

Gubiq 2.2. went into pre-release.

We published our development roadmap for Gubiq for 2019.

Discussion began in the community regarding the Escher Hub project.

Ubiq was featured in a sponsored post on Altcoin Trader’s blog.

Cryptopia partially re-opened after being hacked (more on this later..).

Ubiq was confirmed in Beaxy Exchanges 3rd round of listing.

Several members of the community donated money to fund a legal assessment of Ubiq’s security status, which confirmed that Ubiq is not a security.

Sphere completed their coin swap to the Ubiq network

April Recap

The fifth Escher Airdrop commenced at a ratio of 1 UBQ to 1 ESCH.

UIP #5 (Escher Hub on the Cosmos Network) was published to GitHub.

Gubiq 2.2. (Stay Woke) was released.

A new bot for tracking network difficulty and UIP/Escher airdrop claim periods was integrated into the Ubiq discord.

The Escher Hub discussion continued in our #Ubiq-Research channel with a number of links for the community to read and become familiar with the project.

GeoCoin provided an update in the monthly report with some key development updates.

Network Activity / Stats / Upgrades

Transaction Activity and Network Hash

If you want to view the historical statistics then please read the August Quarterly, November Quarterly and February Quarterly.

Ubiq weekly average difficulty and the estimated hashrate.

Ubiq weekly transactional on-chain throughput.

Governance Updates

UIP #4

Community voting for the Escher logo concluded, with a clear winner being selected.

The new Escher Logo.

Congratulations to community member ‘Evil Morty’, who won the competition with a total vote share of 80.21%. He wins the substantial bounty of 150 UBQ.

Overall participation was lower for this vote when compared with previous UIP’s, which was to be expected from a logo selection contest:

Voting Stats for UIP #4

As you can see above, 13.61% of all outstanding Escher participated in the vote, with 89 addresses signalling a candidate.

Escher Airdrop #5

The fifth airdrop for our governance system Escher concluded in May with 34.59% of all circulating UBQ claiming for the airdrop.

Participation in Airdrop #5

This airdrop gave accounts signalling a ratio of 1 Escher for every 1 UBQ in the account. 3 further airdrops are planned at this ratio.

UIP #5

UIP #5 (Escher Hub on the Cosmos network) is still awaiting feedback on GitHub. We would like to remind all community members to take the time to comment before this is pushed to the community to a vote.

This is you chance to shape the direction of the future for Escher. An outline of the proposal can be found on the link below:

Development Updates

Gubiq 2.3. (Fleek) Released

The next Gubiq version (2.3. — Fleek) has been released. You can read the full news release with details about 2.3. here. This new version introduces state pruning and an upgrade to the on-disk database.

A list of nodes which have updated to ‘fleek’

As you can see from the table above, some of the nodes have already upgraded to 2.3. This is seen as another optional, but recommended upgrade.

The next release will be a mandatory upgrade as it will require a hard-fork. We are currently working on this and will release testing information to the community soon. There is also the possibility that we will include the next two hard-fork upgrades in one release, dependent on how testing goes, as this will reduce disruption to the network.

Fusion Updated to Gubiq 2.2.0

Gubiq 2.2. has been out for a bit over a month now and has been running smoothly with no reported issues. As a result, we have now pushed it out to Fusion desktop wallet. Users will be prompted to update the next time Fusion is run.

Please let us know if you have any issues by reporting in discord.

Pyrus and Trezor update

Pyrus has been updated to utilize the latest Trezor Connect v7.0.2 backend API.

This means it now works with the latest Trezor v1.8 firmware (previously only versions prior to v1.7.3 worked).

The update also gives you a lot more information when signing transactions on your Trezor, with usability and security greatly improved.

Thanks again to Ubiq Discord user @ambidextrous1 for reporting the issue!

New Telegram Bridge

Our Discord server got another upgrade this month, with a bridge set up to relay messages between Discord and Telegram.

Telegram Bridge Bot

Affectionately named, ‘jeffbridges’ will relay any messages typed either in telegram or the #telegram channel in Discord to each chat room allowing these two communities to communicate.

Exchange update

Cryptopia in Liquidation

Unfortunately, Cryptopia recently announced they were going into liquidation, with Grant Thornton now appointed.

Obviously this is sad news for the community, however we are actively seeking new exchanges for listing. We are still scheduled for listing on Beaxy within the coming months, however they have had some delays in going live.

Financial Activity Updates

As per our commitment to full transparency, the following update to the NDF/Marketing fund is below:

Interchain Foundation Grant Application

With our recent publication of UIP #5 (Escher Hub on the Cosmos network) we have also officially applied for a funding grant from the Interchain Foundation.

The Interchain Foundation is a Swiss not-for-profit organisation that was set up to promote and advance research and development of Open, Decentralized Networks, with particular focus on the Cosmos Network. This fits well with the UIP #5 proposal and if we are successful, will accelerate its creation.

If you would like to learn more about this foundation you can view their website below.

Community projects

Cryptanthropy

Cryptanthropy has continued to expand on it’s #RandomActsOfKindness project and has recently surpassed a monumental goal with over 5300.00 CAD distributed to date.

With a goal of $10 000 CAD by the end of the year, Cryptanthropy is excited to be more than half way to that total with $1200.00 CAD still to be distributed. Check out the recorded acts of kindness which have recently included a surprise lunch for an entire elementary school faculty, some local support to people via gift cards, direct donations and well more gift cards!

A link can be found here: https://www.cryptanthropy.com/randomactsofkindness

Since the last time we checked in on this project Cryptanthropy has also stepped up to help create a shop for members of different crypto communities to showcase their artwork on some gear! There are some cool crypto themed shirts and more to check out over at https://www.cryptanthropy.com/gearshop.

The Ubiq Bullskull — @Tunachum Designs

Every sale funds further #RandomActsOfKindness and supports the artist in their desired currency. The Gearshop has also enabled payments using @CoinPayments.net so you can pay and donate with over 30 of your favorite cryptocurrencies. Grab a shirt and fund some kindness in multiple ways!