The blockchain and AI world was just rocked by a big deal: Qubic, a blockchain and AI platform, just hit 40 million TPS in a live test. That’s a big deal for Web3 and a glimpse into the future of decentralized. Let’s dive into the Qubic architecture, what’s next and what this means for the Web3 world.
Qubic: Blockchain and AI
Qubic is not just another blockchain. It’s a platform that combines blockchain with artificial intelligence (AI). The foundation of Qubic’s architecture is a network of 676 specialized nodes called Computors. These nodes handle smart contract execution, network governance and AI model training. At the heart of Qubic is the Useful Proof of Work (uPoW) system, unlike any other blockchain.
Qubic’s interim whitepaper, written by the mysterious founder known as “Come From Beyond” (CFB), is a treasure trove of new ideas and unorthodox thinking. Unlike other whitepapers that focus on technical details, Qubic’s document is all about practical implications and a decentralized AI ecosystem. That’s because Qubic is committed to a community driven and fair launch and has a clear vision of benefiting humanity through decentralized AI.
Founded by Sergey Ivancheglo aka Come From Beyond, the genius behind IOTA and NXT, Qubic is disrupting the crypto world with its quorum based computer (QBC) system. Ivancheglo has been pushing the boundaries of decentralized tech for years and Qubic is no exception.
Qubic Components
Qubic has 676 Computors that execute smart contracts and participate in the network governance. To validate and finalize results 451 Computors are required to quorum. That’s a high level of reliability and consensus in the network.
Useful Proof of Work (uPoW):
Traditional blockchain networks are criticized for their energy hungry mining. Qubic solves this with uPoW that repurposes the computational power for AI training. This way the network is secured and real world AI is advanced, Qubic is the true pioneer of decentralized AI.
AI: Aigarth
Aigarth is the AI framework at the heart of Qubic’s AI. It uses the computational power of Qubic’s miners to create and train artificial neural networks (ANNs). A higher level AI called Teacher optimizes these networks. This feedback loop ensures Qubic’s AI is always up to date and efficient.
Tokenomics: Qubic Units (QUs)
Qubic’s native token, Qubic Units (QUs), is part of the tokenomics. QUs measures and spends computational “energy” within the network. 1 trillion QUs are generated every 7 days and are mostly distributed to Computors. To maintain the economy stable, inefficient nodes will burn a part of their rewards, to regulate the inflation in the system.
Burn Mechanism:
QUs used in transactions or as fees for smart contracts are burned, to balance the inflation and deflation. This mechanism ensures the long term sustainability of the Qubic ecosystem.
Qubic Features
Feeless Transfers and Offline Payment Verification:
Qubic’s architecture allows for feeless transactions, to transfer value without costs. For offline payment verification, the system uses a quorum of 451 Computors, to ensure finality and reliability even when transactions are offline.
Smart Contracts:
Qubic’s smart contracts are executed directly on hardware using C++, they are super fast and efficient. The fee for executing smart contracts, voted by the quorum, is burned, which helps to the economy of the platform.
Epoch and Candidate System:
Every epoch, the top 451 Computors are ranked by performance, they keep their position while the lower performing Computors and Candidates (who contribute to AI training without rewards) compete for the remaining spots. This competitive environment ensures only the most efficient nodes are part of the critical functions of the network.
Arbitrator Role:
The Arbitrator in Qubic manages AI training tasks but doesn’t influence smart contracts, voting or QU distribution. This separation of power keeps the platform decentralized and ensures a fair and transparent governance.
40 Million TPS Impact
40 million TPS is a proof of Qubic’s architecture and the potential to disrupt the blockchain and AI industries. This is a big step forward for the Web3. Traditional blockchain networks struggle with scalability and high fees, limiting their use cases. Qubic can handle an unprecedented number of transactions per second without sacrificing security and efficiency, opens up new possibilities for dApps and services.
Web3 and Decentralized AI
Qubic’s AI on blockchain is the future of decentralized systems. By using the computational power of the network for AI training Qubic is not only improving its own platform but also the AI technology in general. This decentralized AI ecosystem will democratize access to powerful AI tools and innovation and collaboration across industries.
And Qubic’s community driven and fair launch ensures the platform is accessible and inclusive so everyone can contribute to its growth and development. That’s key to the long term success and sustainability of any decentralized project.
Conclusion
Qubic’s 40 million TPS on a live test is more than a technical achievement, it’s a big step forward in the integration of blockchain and AI. With its Useful Proof of Work, decentralized AI and robust tokenomics Qubic will change the Web3 and set new standards for performance and efficiency.
As we look to the future Qubic’s vision of an unconstrained AI for all humanity is a glimpse into the possibilities of decentralized tech. By pushing the limits Qubic is not only changing the blockchain and AI industries but also the way we live in a more transparent, efficient and inclusive digital world.
