Qubic QUBIC Price

What is Qubic (QUBIC)?

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

• Useful Proof-of-Work

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.

• Feeless Transactions

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.

• Fast and Efficient Smart Contracts

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.

• Community-Driven and Open Source

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.

What is unique about Qubic (QUBIC)?

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.

Who are the founders of Qubic (QUBIC)?

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.

Where can I buy Qubic (QUBIC)?

 MEXC, Bitget, Gate.io, CoinstoreBitMart