Qubic

Qubic Data

Qubic Overview

## What is Qubic (QUBIC)? Qubic (QUBIC) is a cryptocurrency platform that operates on a Layer 1 blockchain using a quorum-based consensus protocol. It supports feeless transactions and introduces a unique "Useful Proof of Work" (UPoW) mechanism, where mining activities contribute to artificial intelligence (AI) training. This AI training underpins Qubic's Layer 2 solution, Aigarth, which focuses on decentralised computing and applications. ## What is Qubic (QUBIC) used for? Qubic is designed for multiple use cases in the blockchain ecosystem. These include supporting decentralised applications (dApps), enabling smart contracts, facilitating micropayments, and offering decentralised computing solutions. The UPoW system not only ensures network security but also integrates AI development directly into the mining process, enhancing efficiency and utility. ## Who created Qubic (QUBIC)? 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.