Community & Founder
Qubic is a community-driven project, completely
open-source and under an anti-military license.
Qubic was founded by Sergey Ivancheglo, the creator of
NXT and co-founder of IOTA.
Metrics
88.000+
Community members
500.000+
Miners
55 M+
Smart contract transfers per second
2012
Initial Idea - Optimised since then
Fair Launch
No premine or VC money involved
Q2 2022
Mainnet live since April 2022
10.5 Trl+
$QUBIC burned in 3 smart contract-IPOs so far
676
Dynamic assembly of Computors (Validators) for decentralization
Smart Contracts
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 IPOs alone burned over 10.5 trillion $QUBIC.
The Quorum Protocol
The Quorum protocol operates with 676 Computors (Validators) handling transactions, executing smart contracts, securing the blockchain, and liaising with Oracle Machines. It ensures finality and reliability by requiring over two-thirds (451+) of Computors to agree on a result. Qubic achieves this with an average block-time of 7 seconds, thanks to its efficient "bare metal" code execution. Previously, Qubic had a block-time of 0.2 seconds and plans to return to sub-second block-times after scheduled Computor-Node upgrades in Q2, Q3, and Q4 of 2024.
Oracle Machines
Oracle Machines will be used to make Qubic Smart Contracts even smarter by resolving events through trustworthy data such as stock prices, sports scores, or sensor readings and much more. Also Oracles will give Aigarth ability to observe the outer world and Outsourced Computations.
AI Aigarth
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.
Useful-Proof-of-Work
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.
Feeless Transactions & offline payment verification
Qubic is one of the few Layer 1 platforms that offers feeless transactions. Its finality mechanism ensures that the votes from 451 Computors (the Quorum) provide a reliable basis for offline payment verification, enabling secure and efficient transaction validation without the need for constant network connectivity.