Deep Dive
1. Purpose & Value Proposition
Qubic aims to build decentralized infrastructure for machine-driven economies. Founded by Sergey Ivancheglo, co-creator of IOTA and NXT, its core mission is to turn idle computing power into valuable output. Unlike traditional blockchains, it uses its consensus mechanism to train a decentralized artificial general intelligence (AGI) called Aigarth and to mine external cryptocurrencies like Dogecoin, creating a revenue-generating compute layer.
2. Technology & Architecture
The network is powered by 676 nodes called Computors that execute smart contracts and reach consensus through a quorum-based system, requiring 451+ nodes to agree. Its key innovation is Useful Proof of Work (uPoW), which repurposes mining hardware to perform meaningful computations. This allows the network to run AI training and external mining operations in parallel at full scale, avoiding the energy waste of traditional mining.
3. Tokenomics & Utility
QUBIC is designed as a consumable resource, not a currency. Tokens are burned (permanently removed) to pay for executing smart contracts, querying oracles, and assigning AI tasks. New tokens are emitted weekly and distributed to Computors as rewards. This burn mechanism, combined with a capped circulating supply, creates inherent deflationary pressure, tying the token's value directly to network usage (Bitrue).
Conclusion
Qubic is fundamentally a decentralized supercomputer that monetizes computational work through AI and mining, backed by a unique deflationary token model. Will its practical utility in generating real-world value prove more sustainable than platforms relying solely on financial speculation?