Evolving Digital Innovation: Qubic's Journey Toward True AI
March 28 2024 - 10:15AM
Qubic embarks on a transformative journey to empower global
innovation with the potential of True AI. Embracing its vision,
Qubic leverages an expansive computing network to redefine the
landscape of artificial intelligence, moving beyond the traditional
Proof-of-Work process to introduce a useful-Proof-of-Work (uPoW)
concept. This innovation ensures that every computational effort
directly contributes to AI development. At the heart of Qubic's
efforts is Aigarth, an advanced AI system that symbolizes the
platform's goal to grant universal access to the most sophisticated
AI capabilities available. Aigarth analyzes data from AI miners to
construct billions of neural networks, thereby mimicking the
complexity of a human brain.
In alignment with its mission to establish the premier
open-source AI infrastructure, Qubic functions as a unique
decentralized network governed by Quorum consensus described
by Nick Szabo. Qubic Network is run by 676 validators, called
'computers'. These roles range from executing smart contracts and
ensuring network security to managing feeless transactions. Through
this robust infrastructure, Qubic not only facilitates smart
contract executions with exceptional efficiency but also boasts the
ability to process more than 40 million transfers per second (TPS)
on the smart contract level. This remarkable capacity stands as a
testament to Qubic's dedication to creating a high-performance
computational AI network that acts as the foundational support for
True AI development, providing swift, secure, and scalable
solutions for AI integration.
A standout feature of Qubic’s platform is its
novel approach to Initial Public Offerings, known as Qubic IPOs,
which draws inspiration from the auction-based IPO method first
introduced by Google. Unlike traditional fundraising, Qubic IPOs
allow users to invest directly in smart contracts, becoming
stakeholders in the technology itself. This novel approach
democratizes investment in blockchain technology, offering
participants a direct share in the success of groundbreaking
projects. The platform’s take on Initial Public Offerings results
in each smart contract in the Qubic network getting an IPO for its
676 shares. Qubic users can fund a smart contract by purchasing one
of these shares.
The $QUBIC coins used to fund a smart contract
are locked up and burned, reducing the coin’s circulating supply
and covering the contract’s execution costs. Users funding a smart
contract become shareholders and earn passive income from contract
fees. The contract is self-sustaining until the locked $QUBIC is
depleted. At this stage, a portion of the shareholder fees funds
further execution. It’s worth noting that the first three smart
contracts executed on Qubic burned over 10.5 trillion $QUBIC of the
capped circulating supply of 1,000 trillion coins.
Qubic’s founder, Sergey Ivancheglo, also known
as CFB, recently commented on the software’s
efficiency:
“The program gauging functional power of the new
#Qubic mining algo used by #Aigarth for #AI training has just
finished its computations. "Terrific" in all its meanings suits the
best to explain the result. I've never seen such a powerful yet
very simple construction of an #ANN!”
About Qubic
Qubic is a community-driven project, entirely
open source and under anti-military license. It was founded
by Sergey Ivancheglo, also known as Come-from-Beyond, the
creator and co-creator of the first full PoS & DAG protocol
(NXT & IOTA). The platform launched its mainnet in Q2 of 2022
and has grown a loyal community of over 88,000 members and over
500,000 miners.
Qubic comes from the acronym "QBC," which stands
for "Quorum-Based Computor." The platform stays true to this term
by providing fair, consensually-reached smart contract execution,
ensuring only useful and legitimate contracts are added to the
network. One of the standout features that could lead to its
mainstream adoption is the fact that all transactions on the Qubic
protocol are feeless. Also, the votes from 451 Computors (The
Quorum) are reliable for offline payment verification. Ultimately,
quorum-based computations, cost-effective transfers, and
record-breaking TPS speeds enable participants to enjoy a lucrative
and user-friendly experience.
You can learn more about Qubic by following
these links:
Official
Website | Telegram | X
(Twitter) | Discord | LinkedIn | YouTube
Email Qubic at af@qubic.org
Disclaimer: This content is for informational
purposes only and is not an offer to sell or a solicitation of an
offer to buy any securities in Qubic or any related entity. Qubic
IPOs are not available to persons in the United States or in any
jurisdiction where such participation would be unlawful. Potential
participants should consult with legal, financial, and tax advisors
before engaging in any of Qubic’s offerings. This document may
contain forward-looking statements subject to risks and
uncertainties that could cause actual results to differ.
Alberto F.
af at qubic.org