Project Overview
Qubic (QUBIC) has been listed on HIBT on May 9. Qubic is a unique cryptocurrency project that aims to integrate artificial intelligence technology with blockchain through its Layer 1 Useful Proof of Work (uPoW) network and open source artificial intelligence framework. , to create a powerful platform. Created by Sergey Ivancheglo, co-founder of IOTA and NXT, the project aims to democratize AI technology and redefine the use of AI in everyday technology. QUBIC is currently open for trading on HIBT.
Token information
Token symbol: QUBIC
Total amount of tokens: 1,000,000,000,000,000
Token unlocking information: 100% circulation, no reservation, no risk investment.
Key features
High-speed smart contracts: Qubic supports high-speed smart contracts up to 40 million transactions per second (TPS), using an arbitration-based consensus mechanism.
Decentralized arbitration consensus model: Qubic is based on the decentralized arbitration consensus model, which is different from traditional blockchain and DAG technology and provides instant certainty and security.
Powerful node network: Qubic has 676 special nodes that realize artificial intelligence mining through CPU and GPU resources to ensure the decentralization and security of the network.
Unique transaction mechanism: Qubic’s transaction mechanism is different from traditional cryptocurrencies in that there are no transaction fees and each transaction contains 1024 bytes of additional data.
technical details
Tick structure: Qubic adopts a "tick" structure similar to a block. Each "tick" is generated approximately every 5 seconds, providing high-speed and instant transaction confirmation.
No operating system required: Qubic's nodes run on bare metal servers without an operating system, fully utilizing RAM resources and achieving amazing performance.
Smart contract programming language: Smart contracts can be written in C++ and implemented by compiling into Qubic core code.
Tokenomics
SC Stock: Qubic’s token QUBIC has no decimal point, while smart contract stocks (SC Stock) are a special type of asset with Qubic as the issuer and have no decimal point.
Dutch Auction: Each accepted smart contract will undergo an epoch-making burn via a Dutch auction, creating a credit account for smart contract fees.
Token supply regulation: Qubic achieves a balanced token supply through burning mechanisms and smart contract auctions to ensure the gradual reduction of the inflation rate.
Risks and Challenges
Immature technology: The Qubic project is still in its early stages, and the technology is not yet fully mature and requires further development and testing.
Market competition: In the fields of artificial intelligence and blockchain, competition is fierce, and Qubic needs to deal with competitive pressure from other projects.
in conclusion
As a unique cryptocurrency project that integrates artificial intelligence technology and blockchain technology, Qubic has the potential to become a future leader. Although the project faces some challenges and risks, its innovativeness and forward-looking nature have attracted much attention. As the technology continues to improve and is recognized by the market, Qubic is expected to achieve its goals and achieve long-term success.