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Name | Symbol | Market | Market Cap ($) | Algorithm |
---|---|---|---|---|
Bitcoin | BTCUSD | Crypto | 1,209,616,164,305 | SHA-256d |
Price Change | Price Change % | Current Price | Bid Price | Offer | |
---|---|---|---|---|---|
-1,253.88 | -1.99% | 61,621.20 | 61,612.03 | 61,612.04 |
High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
---|---|---|---|---|
63,226.26 | 61,447.90 | 62,770.90 | 62,875.08 | 24,900.00 - 73,835.57 |
Exchange | Last Trade | Size | Trade Price | Currency |
---|---|---|---|---|
GDAX | 18:17:03 | 0.020000 | 61,625.87 | USD |
Zurich, Switzerland, August 27th, 2024, Chainwire
Qubic, a cutting-edge quorum-based distributed ledger technology with an AI platform in development, is proud to announce the launch of "Project X”. This initiative introduces key upgrades and features to support community and long term growth. It will balance emissions, enhance earnings, and empower community driven growth.
A Thriving Ecosystem
Project X aims to create a thriving, sustainable ecosystem for users, developers, community members, and partners. Its new protocol extension, a major upgrade, enables computors (specialised nodes designed to execute tasks) to allocate a percentage of their weekly rewards (emissions) to initiatives they believe will benefit the ecosystem. Along with the protocol extension, Project X includes a host of initiatives aiming to leverage the power of this new extension:
Project X exemplifies Qubic's commitment to decentralisation, innovation, sustainability and community involvement. It will allow its community to actively contribute to the growth of the ecosystem.
Revolutionising Crypto
“Project X is made possible by the decentralisation of Qubic, and is truly groundbreaking,” said Alber Fernandez, Qubic’s Ecosystem Representative for Europe. “It’s the first time we’re seeing the crypto community’s collective intelligence come together to perfectly balance emissions, mining growth, and long-term sustainability. By aligning burns with emissions and encouraging people to hold Qubic, we’re creating a more sustainable and value-driven ecosystem.”
Looking Ahead
With the introduction of Project X, Qubic is set to revolutionise its ecosystem. The project will include a series of phased rollouts scheduled between now and late September. To learn more about Project X, visit Qubic’s website, and for information on how to build on Qubic, visit the Qubic Grants Page.
About Qubic
Qubic is a Layer 1 ultra-high performance network supported by Useful Proof of Work (uPoW). Its platform supports feeless transactions and features the fastest smart contracts in the world, underpinned by a quorum-based consensus mechanism which allows true finality.
Founded by Sergey Ivancheglo, also known as Come-from-Beyond and a cofounder of IOTA and NXT, Qubic leverages extensive CPU and GPU resources through AI miners. Its goal is to democratise access to Artificial General Intelligence (AGI), redefining the role of AI in everyday technology.
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