Altcoins / qubic

Qubic

Qubic an innovative useful-Proof-of-Work crypto platform that's changing the game. The name "Qubic" comes from the acronym "QBC" which stands for "Quorum-Based Computation".

Qubic is one of the few layer 1 which doesn't charge for making value transfers. Finality ensures that votes from 451 Computors (The Quorum) are reliable for offline payment verification.

Qubic is a community-driven project, completely open source and under anti-military license. Qubic is founded by Sergey Ivancheglo AKA Come-From-Beyond, the creator and co-creator of the first full PoS & DAG protocol (NXT & IOTA).

Qubic's Smart Contracts differ significantly from others. Each contract must pass a Quorum proposal vote, ensuring only useful and legitimate contracts are added. When a Smart Contract is accepted, it's launched via an IPO with 676 shares. The $QUBIC spent on these shares is locked into the Smart Contract, reducing $QUBIC's circulating supply and paying for contract execution. Shareholders earn passive income from contract fees. The contract is self-sustaining until the locked $QUBIC is depleted, after which a portion of shareholder fees funds further execution. The first three Smart Contracts alone burned over 10.5 trillion $QUBIC.

Aigarth is an AI-software running on top of Qubic that get it´s information from many hundreds of thousands of Qubic-AI-miners which are creating billions artificial neural networks (ANNs) with their computational power. The goal is to create an open source true AI public available for everyone.

Unlike traditional Proof-of-Work platforms that consume massive amounts of energy for mining, Qubic boasts a useful-Proof-of-Work system that leverages mining capacities for AI training.

Qubic is one of the few layer 1 which doesn't charge for making value transfers. Finality ensures that votes from 451 Computors (The Quorum) are reliable for offline payment verification.



Chain: Qubic Network
UCID: 29169

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