Blockchain development is written about daily, sometimes taking years to materialize, as Qubic demonstrates. You probably haven't heard of this project, but that doesn't mean it's a project that has no relevance, in fact, when its creator first presented it, many in the ecosystem considered him crazy and a few wished him luck with its creation.
By then, it was already evident that Qubic and his vision would require an enormous effort. Since then, 12 years have passed, a time in which Sergey Ivancheglo, better known as Come-From-Beyond (CfB), has kept his goal very clear: make blockchain a better technology than Bitcoin and many of the blockchains that came after.
But how to make this a reality? What is the innovation that Qubic brings to the ecosystem and why has it taken you so long to make it a reality? Well, this and more is what you will learn below.
The birth of Qubic
The birth of Qubic takes us to the same scenario where many other blockchain projects have seen the light: the famous Bitcointalk forum. It was in a new thread where Sergey Ivancheglo, also known as Come-From-Beyond (CfB), introduced his concept about Qubic.
Sergey Ivancheglo is not an unknown figure in the ecosystem, as he is the main developer of the NXT blockchain. And also, he was part of IOTA from 2014 to 2019, when he left this project due to differences in the development of the Coordination phase of IOTA, which aims at the development of a completely decentralized IOTA network.
In any case, CfB clarified that Qubic would be a network of distributed computers that would have the capacity to store binary data and information related to the value of qubics. These qubics would be generated (“minted”) by nodes (“providers”) running specialized software.
Thus, each of these providers would also assume responsibility for carrying out the work necessary for the normal operation of the Qubic network. This implies that periodically, each provider receives new qubics as compensation for its contribution to the network, and this compensation is proportional to the quality of the service provided. This scheme, at the same time, removed network fees from the equation, as each provider would receive a reward that would cover this situation.
An idea very ahead of its time
However, providers not only have the ability to create new qubics through their services, but they can also segment, join and update these qubics, thus avoiding the problem of duplicate spending. Each of these operations fulfills a specific function.
For example, segmentation is used to fragment a qubic into others of lower value to achieve a specific quantity. Union is used to group qubics together in order to simplify their storage or represent concrete data. The update is used to modify the private keys and also to perform stress tests on the network, thus ensuring its optimal functioning. Additionally, providers can transfer qubics to other providers, allowing them to exchange qubics with each other and keep the network active.
Beyond Bitcoin
This represents a significant change compared to Bitcoin, since in Bitcoin, BTC cannot be fractionated beyond satoshi, nor can its units be updated or merged to generate new ones. This flexibility allows Qubics to not only create new tokens, but also allows them to create new information and accounting structures within the Qubic blockchain.
All this translates into a greater ability to generate new tokens without the need to use additional protocols, smart contracts or functions, since the qubics themselves can allow such organization if necessary, without interfering with the operation of the network or causing the loss of tokens in it.
The downside to all this? He is way ahead of his time. Come-From-Beyond (CfB) made it clear that the idea of Qubic was technically impossible to materialize at that time, and that certain fundamental concepts would need to be researched and developed before Qubic could become a reality.
How does Qubic work?
However, CfB has made great strides in Qubics. Firstly, his experience in NXT and IOTA would serve to develop the initial bases of the project whose main objectives would not only be to create a powerful blockchain with smart contracts, unique tokenization capabilities, but would also serve as the basis for the construction of Aigarth, an AI powered by blockchain. Thus, the first building block of this network arrived in May 2023, when the network began to be publicly accessible.
Concept behind the project
Qubic is a decentralized cloud computing platform built largely on distributed ledger technology. It is designed to enable the creation and execution of decentralized applications (DApps) and smart contracts, as well as to provide a marketplace for computing resources.
The Qubic platform is based on the concept of "qubics", which are self-contained modular computing units that can be chained together to form more complex applications. Qubics can be thought of as building blocks for decentralized applications, and can be created and run by any user on the Qubic network.
One of the key features of Qubics is its ability to enable “externalizable” computing. This means that a qubic can be designed to offload certain computational tasks to other nodes on the network, allowing for more efficient use of resources. In exchange for providing their computing resources, Qubic network nodes are rewarded with IOTA tokens.
Data outsourcing
Another important aspect of Qubics is its support for "oracle" services. Oracles are third-party services that provide external data to smart contracts, allowing them to interact with the outside world. Qubics includes an integrated Oracle system that allows you to access data from a variety of sources, such as APIs, websites, and other decentralized networks.
The Qubic platform is still in development and it is not yet clear when it will be fully launched. However, the team behind Qubic has released a number of tools and resources for developers, including a software development kit (SDK) and a Qubic simulator, to help them build and test the potential of qubics.
A decentralized network
On the other hand, the Qubic blockchain network uses a mechanism called "Useful Proof of Work" or Useful Proof of Work (UPoW). Essentially, this consensus mechanism is similar to the proof-of-work (PoW) mechanism used by Bitcoin, however, there are some key differences, most notably:
- The Qubic network currently has a limit of operational nodes, known as “IA Miners.” In total there are 676 nodes that are part of the network and are responsible for executing smart contracts on the Qubic blockchain network.
- Unlike Bitcoin, where miners receive a predetermined amount of BTC for confirming a block of transactions, in Qubic, AI miners receive no such rewards for the computational work they perform. Instead, IA Miners seek to support network users. Depending on their performance, each miner can earn up to $1.479.289.940 QUBIC per epoch, which is a week from Wednesday at 12 UTC to next Wednesday at 12 UTC (the team earns between 90 and 98% on average ).
- While there can be an unlimited number of candidates fighting for one of the rare "IA Miners" positions, no more than 225 out of 676 nodes per epoch can be replaced by new candidates who then become miners. If more candidates join the competition, each participant needs more miners to mine enough solutions to stay in the node ranking.
All this work is sustained thanks to the native token $QUBIC, which has a total issuance of 1000 billion tokens, of which about 85 billion tokens have already been issued.
Aigarth, an AI powered by blockchain
However, Qubic's development work is still far from finished. Aigarth, its main creation, is still in the development phase. But what is Aigarth? Well, Aigarth is a project within the Qubic ecosystem that aims to create a decentralized and self-learning artificial intelligence (AI) system. The name "Aigarth" is a combination of "AI" and "Garth", "AI" meaning "artificial intelligence" and "garth" meaning "yard" or "garden".
Aigarth's goal is to develop an AI that can learn and improve on its own, without the need for constant human intervention. This is a significant departure from traditional AI systems, which typically require extensive training and adjustments by human developers.
Targeting the AGI
For that reason, Aigarth is designed to be a “true AI singularity.” In this context, "singularity" refers to a hypothetical future moment in which technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes in human civilization. In the case of Aigarth, the singularity would be achieved when the AI system was able to recursively improve itself, essentially becoming smarter and more capable on its own. This means that Aigarth aims to become a full-fledged AGI or Artificial General Intelligence.
Aigarth is being developed using a combination of machine learning techniques, including deep learning and reinforcement learning. It is also designed to be highly scalable and distributed, harnessing the power of Qubic to enable secure and efficient data sharing and processing.
Aigarth's ultimate vision is to create an artificial intelligence system that can help solve some of the world's most pressing problems, from climate change to poverty and inequality. By harnessing the power of decentralized and self-learning AI, Aigarth aims to usher in a new era of innovation and technological progress.
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