Question 1

What is Qubic?

Accepted Answer

Qubic is a Layer 1 blockchain network designed to support AI-driven applications by integrating blockchain technology with decentralized computing. It utilizes Useful Proof of Work (UPoW) to direct computational resources toward AI model training and other productive tasks rather than traditional mining.

Qubic operates on a quorum-based consensus algorithm, ensuring sub-second transaction finality without requiring transaction fees. Its governance model is decentralized, relying on a fixed set of Computors (network validators) that process transactions and secure the network.

The network also integrates Aigarth, a decentralized AI system that utilizes Qubic’s computing infrastructure for artificial general intelligence (AGI) research. This setup allows Qubic to function as a distributed AI computing network, reducing reliance on centralized AI processing.

Question 2

What is Qubic (QUBIC) used for?

Accepted Answer

QUBIC is the native cryptocurrency of the Qubic network. It functions as a unit of value within the ecosystem, facilitating network security, rewarding computational contributions, and enabling decentralized AI model training.

QUBIC serves multiple functions within the ecosystem, including:

* **Transaction Processing:** Computors validate transactions and execute smart contracts without gas fees.
* **AI Computation:** Miners receive QUBIC rewards for contributing computing power toward AI model training via UPoW.
* **Network Security:** Computors participate in consensus, ensuring the integrity of the blockchain.
* **Economic Sustainability:** The Supply Watcher monitors token supply and adjusts burn rates to control inflation.
* **Smart Contracts & dApps:** Supports decentralized applications and automated contract execution.
* **Micropayments:** Enables feeless transactions, suitable for high-frequency use cases such as IoT applications.

Question 3

Who created Qubic (QUBIC)?

Accepted Answer

Qubic was created by Sergey Ivancheglo, also known as "Come-from-Beyond," a notable figure in blockchain development. Sergey is a co-founder of IOTA and a contributor to the NXT blockchain platform. His expertise has been instrumental in the development of Qubic, integrating advanced technologies to address scalability and computational challenges in the blockchain space.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	QUBIC-USDT QUBIC_USDT	gateio	A	0.0₆3720USDT	0.24%	186,092,323,159.00QUBIC	3,050	0.0₆3711USDT	0.0₆3775USDT
2	QUBIC-USDT QUBICUSDT_SPBL	bitget	BB	0.0₆3719USDT	0.38%	100,119,174,612.40QUBIC	4,946	0.0₆3705USDT	0.0₆3853USDT
3	QUBIC-USDT qubic_usdt	lbank	C	0.0₆3715USDT	0.16%	920,261,617,122.00QUBIC	82,768	0.0₆3709USDT	0.0₆3775USDT
4	QUBIC-USDT QUBICUSDT	mexc	C	0.0₆3721USDT	0.30%	430,495,602,358.00QUBIC	8,661	0.0₆3709USDT	0.0₆3774USDT
5	QUBIC-USDT QUBIC_USDT	bydfi	-	0.0₆3721USDT	0.30%	305,666,689,772.40QUBIC	4,002	0.0₆3709USDT	0.0₆3774USDT
6	QUBIC-USDT qubic_usdt	xtpub	-	0.0₆3699USDT	-0.32%	172,041,172,137.00QUBIC	1,606	0.0₆3711USDT	0.0₆3774USDT
7	QUBIC-USDC QUBICUSDC	mexc	C	0.0₆3719USDC	0.27%	167,692,995,172.00QUBIC	3,289	0.0₆3709USDC	0.0₆3776USDC
8	QUBIC-USDT qubicusdt	safetrade	-	0.0₆3750USDT	1.90%	41,933,980,373.20QUBIC	160	0.0₆3680USDT	0.0₆3800USDT
9	QUBIC-USDT qubic_usdt	digifinex	D	0.0₆3726USDT	0.35%	27,388,257,147.60QUBIC	1,273	0.0₆3713USDT	0.0₆3768USDT
10	QUBIC-USDT QUBICUSDT	coinex	C	0.0₆3688USDT	0.55%	7,005,817,106.41QUBIC	1,523	0.0₆3667USDT	0.0₆3725USDT
11	QUBIC-BTC qubicbtc	safetrade	-	0.0₁₁4659BTC	6.61%	201,049,291.00QUBIC	2	0.0₁₁4370BTC	0.0₁₁4659BTC
12	QUBIC-EUR QUBICEUR	bit2me	B	0.0₆4000EUR	0.00%	0QUBIC	0	0.0₆4000EUR	0.0₆4000EUR