Qubic (QUBIC) is a Layer-1 blockchain featuring a unique "Useful Proof-of-Work" system for AI training. More
| Fully Diluted Valuation | $377.02M |
|---|---|
| 24H Trading Volume | $20.75M |
| 24H Low / High | $0.00000246 / $ 0.00000285 |
| Circulating Supply | 121,847,819,720,520 |
| Total Supply | 152,306,148,385,770 |
| Max Supply | 200,000,000,000,000 |
| Categories | Proof of Work (PoW) 3 more |
|---|---|
| Founder | Anonymous |
| Website | qubic.org Whitepaper |
| Socials | 2 more |
| Chains | Qubic Ecosystem |
| Explorer | Qubic |
| Name | Pair | OG Score |
|---|
Qubic (QUBIC) is a next-generation Layer-1 blockchain that offers a fresh approach to blockchain technology. With its unique features and innovative design, Qubic stands out in the crowded blockchain landscape.
Key Features of Qubic
Unlike traditional Proof-of-Work systems that consume a lot of energy, Qubic uses a "Useful Proof-of-Work" system. This means that mining isn't just about validating transactions; it's also used to train artificial intelligence (AI). This approach makes the mining process more efficient and beneficial.
One of the standout features of Qubic is its feeless transactions. Users can transfer value without incurring transaction fees, which is a significant advantage over many other blockchains that charge for transactions.
Qubic supports Turing-complete smart contracts written in C++. These contracts are executed directly on hardware, which ensures high performance. The system is designed to be fast, with a current average block time of 7 seconds. Qubic plans to further improve this with sub-second block times later in 2024.
Qubic is an open-source project that operates under an anti-military license. It is community-driven, meaning that decisions and developments are guided by the needs and contributions of its users. Sergey Ivancheglo, also known as Come-From-Beyond, founded Qubic. He is known for creating the first full Proof-of-Stake and Directed Acyclic Graph protocols, NXT and IOTA.
Smart Contracts on Qubic
Qubic's smart contracts are unique. Each contract must pass a Quorum proposal vote to be added to the blockchain. Once accepted, the contract is launched through an Initial Public Offering (IPO) of 676 shares. The $QUBIC used to purchase these shares is locked in the contract, reducing the circulating supply and funding the contract’s execution. Shareholders earn passive income from contract fees, and a portion of these fees is used to sustain the contract.
The Quorum Protocol
Qubic uses the Quorum protocol with 676 validators, known as Computors, to handle transactions, execute contracts, and secure the blockchain. For a result to be finalized, more than two-thirds of the Computors (451+) must agree. This protocol ensures the reliability and speed of transactions, with a current average block-time of 7 seconds.
Oracle Machines
Oracle Machines enhance Qubic's smart contracts by providing reliable external data, such as stock prices or sports scores. They help Qubic’s AI, Aigarth, to interact with real-world events and perform outsourced computations.
AI Aigarth
Aigarth is an AI system that runs on Qubic. It gathers information from numerous Qubic-AI-miners, creating billions of artificial neural networks (ANNs). The goal is to develop a truly open-source AI that is available to everyone.
Conclusion
Qubic (QUBIC) combines innovative features with a strong community focus, offering a unique solution in the blockchain space. Its Useful Proof-of-Work system, feeless transactions, fast smart contracts, and advanced AI capabilities make it a noteworthy platform for the future of blockchain technology.
Qubic (QUBIC) is unique for its "Useful Proof-of-Work" system, which leverages mining power for AI training instead of just cryptographic validation, and its feeless transactions combined with fast, Turing-complete smart contracts executed directly on hardware.
Qubic (QUBIC) was founded by Sergey Ivancheglo, also known as Come-From-Beyond, who is recognized for creating the first full Proof-of-Stake and DAG protocols, NXT and IOTA.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Qubic (QUBIC) is ($121,847,819,720,520), max supply of Qubic QUBIC is ($200,000,000,000,000) and the market cap of Qubic QUBIC is ($301,624,973).
What is the Qubic (QUBIC) price prediction?
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The current market price of Qubic (QUBIC) is $0.00000247. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
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