Ubiq is a blockchain platform for the creation of decentralized applications and smart contracts. Ubiq is built from a modified version of the Ethereum codebase.
Ubiq describes itself as an EVM compatible Proof of Work blockchain that supports tokens, DApps, and smart contracts. According to the team, it was launched as a permissionless, non-ICO/premine network maintained voluntarily by its global community of developers and community.
Apart from being backwards compatible with the EVM ecosystem, Ubiq also features a distinct and predictable monetary policy, on-chain governance via the Escher system, and its proprietary PoW hashing algorithm called "Ubqhash" (along with its 'Flux difficulty algorithm').