Qubic (Qubic) crypto is a digital coin made by Sergey, a famous person in blockchain. It’s set up as a cool layer-1 protocol, aiming to shake up the usual ways in the cryptocurrency world.

What distinguishes Qubic from other projects is its focus on distributed computing and finance. By leveraging its unique features, Qubic has the potential to make significant strides in these areas.

Key Takeaways

• Qubic (Qubic) crypto is a project that seeks to enhance blockchain technology through the integration of artificial intelligence (AI) capabilities. By combining AI with blockchain technology, Qubic aims to improve the efficiency and functionality of decentralized systems. This integration has the potential to bring about new solutions and advancements in the cryptocurrency space. Qubic’s approach aligns with the ongoing trend of exploring innovative methods to optimize blockchain technology.

Qubic Founders

Qubic, established by CFB and Sergey Ivancheglo, introduces a novel approach to cryptocurrencies by incorporating AI training. Emphasizing artificial neural networks and smart contracts, Qubic tokens function as the foundation of this innovative system. Leveraging computational power from a vast network of nodes, Qubic distinguishes itself in the cryptocurrency sphere for its distinct consensus mechanisms and distributed computing methods.

The collaborative work of CFB and Sergey Ivancheglo has positioned Qubic to redefine the landscape of blockchain technology. Their combined expertise has led to the creation of a platform that not only enables secure and decentralized smart contracts but also boosts the efficiency of AI training activities.

By integrating artificial neural networks, Qubic optimizes its computational network’s capabilities, ensuring that each node plays a significant role in enhancing the network’s overall performance. This strategic approach to utilizing computational power establishes Qubic as an innovative player in the cryptocurrency realm.

The first ever useful PoW L1 Blockchain

The first ever useful PoW L1 Blockchain, established by Sergey, incorporates AI training to improve the efficiency and practical applications of cryptocurrencies. Qubic’s Useful Proof-of-Work consensus mechanism utilizes 676 Computors for smart contract execution, emphasizing energy efficiency and tangible results. The network’s top 451 performing Computors are regularly assessed to ensure optimal performance. By leveraging computational power for training Artificial Neural Networks, Qubic enhances the productivity of computational energy, yielding valuable outcomes.

QU tokens serve as utility tokens within the network and are burned to mitigate inflationary pressures, promoting ongoing stability. Through AI training activities, Qubic aims to reduce energy wastage typically associated with traditional Proof-of-Work mining, potentially leading to lower energy expenses as AI models progress.

The platform also supports secure and decentralized smart contracts and oracle services using IOTA’s Tangle, positioning Qubic as a pioneering platform for diverse real-world applications in decentralized finance, supply chain management, data-driven smart contracts, and IoT device support.

Key Features of Qubic Crypto

These components are designed to improve the network’s efficiency, security, and ability to integrate digital and real-world data seamlessly.

Smart Contracts

Qubic Crypto integrates AigarthAI and implements a burn mechanism in its Smart Contracts to improve efficiency and security. These Smart Contracts utilize Useful Proof of Work with AI tasks, ensuring a secure and efficient execution process.

By incorporating AI training tasks into the consensus mechanism, Qubic enhances the overall performance of smart contract operations. The quorum-based computation on the Qubic network further boosts the speed and reliability of these contracts.

Through Oracles that connect digital and real-world data, Qubic facilitates a wide range of applications for its Smart Contracts. This strategic approach not only addresses scalability issues in cryptocurrencies and enhances the IOTA ecosystem but also paves the way for innovative AI applications in the blockchain domain.

Useful Proof of Work

Qubic Crypto utilizes AI tasks in its Useful Proof of Work system to enhance computational efficiency and produce meaningful outcomes. This innovative approach redefines traditional Proof of Work mining by not only verifying transactions but also generating practical results through AI training tasks.

The integration of AI into the consensus mechanism improves the network’s energy efficiency and fosters advancements in real-world applications. Through collaboration between Miners and Computors, Qubic ensures optimal utilization of computational resources, promoting a more sustainable blockchain ecosystem.

The focus on energy-efficient AI tasks distinguishes Qubic in the crypto industry, positioning it as a leader in leveraging advanced technologies to address scalability issues and explore new opportunities for machine learning and AI applications.

Quorum

The quorum mechanism in Qubic Crypto plays a crucial role in enhancing computational efficiency and enabling real-world applications. By leveraging a quorum, Qubic ensures the swift and accurate execution of smart contracts.

This consensus mechanism improves the network’s performance and facilitates the seamless integration of real-world data. The quorum-based computation model in Qubic Crypto utilizes the collective agreement of a subset of nodes to efficiently validate transactions.

This approach allows Qubic to achieve consensus quickly and securely, opening up possibilities for innovative applications in decentralized finance, supply chain management, and IoT devices. The involvement of the quorum in the network’s operations underscores Qubic’s focus on efficiency and practicality.

Oracles

Oracles play a critical role in the Qubic cryptocurrency ecosystem by acting as intermediaries that connect digital smart contracts with real-world data sources in a secure and decentralized manner.

These oracles facilitate the integration of external data into the Qubic network, ensuring the accuracy and reliability of information used in smart contract execution.

By utilizing oracles, Qubic smart contracts gain access to real-time data streams, enabling a wide array of applications such as decentralized finance, supply chain management, and the integration of IoT devices.

This incorporation of oracles enhances the functionality and practicality of Qubic, enabling the seamless execution of sophisticated and data-driven smart contracts that cater to diverse industries and applications.

Should you Invest in Qubic

Qubic’s market performance shows a mix of volatility and growth potential. As of the latest data, Qubic’s price has seen fluctuations, with recent predictions suggesting possible significant increases in its value over the coming years.

Currently at the price of $0.000004579 is not that far from its all-time high at $0.00001244 achieved on March 2^nd, 2024.

For instance, price predictions for 2050 suggest a substantial increase, indicating a long-term positive outlook. However, the cryptocurrency market is inherently volatile, and such predictions should be approached with caution.

Where to Buy Qubic Crypto

To acquire Qubic (QUBIC) tokens, users can utilize various cryptocurrency exchanges that support this digital asset. Qubic Crypto is currently listed on platforms such as Bitfinex, HitBTC, and Exrates, enabling individuals to buy and trade QUBIC tokens.

Prior to selecting an exchange, it’s recommended to conduct thorough research on factors such as security measures, trading volume, and overall user experience.

Once a suitable exchange is chosen, users can create an account, deposit funds, and proceed with purchasing Qubic tokens to engage with the Qubic ecosystem and its blockchain technology.

Frequently Asked Questions

Is Qubic Coin a Good Investment?

Investing in Qubic may be considered a strategic choice due to its unique combination of AI training and Useful Proof-of-Work consensus mechanism. The platform’s emphasis on practical applications and energy efficiency indicates potential for long-term development.

When Was Qubic Crypto Launched?

Qubic crypto was launched in 2018, representing a significant advancement in blockchain technology. This launch marked a notable integration of artificial intelligence and finance within the realm of cryptocurrencies.

Conclusion

Qubic (QUBIC) is a unique cryptocurrency designed to combine blockchain technology with artificial intelligence (AI). This digital asset uses a specialized consensus mechanism called Useful Proof-of-Work (PoW), where computational tasks generate practical outputs, like AI training. The goal is to improve energy efficiency in mining and create a more sustainable ecosystem.

Founded by Sergey Ivancheglo, Qubic employs 676 Computors to execute smart contracts and AI tasks. The top 451 Computors are regularly evaluated to ensure optimal performance, aiming to reduce energy wastage associated with traditional PoW. This system also enhances the security and scalability of the blockchain, making it more adaptable to real-world applications.

Investors interested in Qubic should note that its unique approach has the potential for growth, but like all cryptocurrencies, it can be volatile. Key features like its Useful PoW mechanism and AI integration are what set Qubic apart in the cryptocurrency space.

Qubic (QUBIC) presents a compelling option for those interested in innovative blockchain technology, with a focus on AI integration and energy efficiency. However, like all cryptocurrency investments, thorough research and caution are recommended before committing funds.

Other cryptocurrencies to check:

BigEyes Crypto, Renq Crypto, Digitoads Crypto, TitanX Crypto and BurgerCities Crypto.

Angel Marinov is the Managing Editor at Coinlabz. With extensive knowledge of crypto payments and blockchain use cases, Angel is a trusted source of accurate and timely information

Hindustan Unilever has agreed to acquire beauty startup Minimalist for about $342 million, marking its latest push to expand in India’s fast-growing premium skincare market.

The consumer goods giant will initially acquire a 90.5% stake in the four-year-old direct-to-consumer brand through secondary buyouts and primary investment, with the remaining 9.5% to be purchased from founders in two years, according to a stock exchange filing.

The announcement confirms TechCrunch’s report from earlier this month.

The deal gives Unilever’s Indian unit a stronger foothold in the premium beauty segment, adding to its portfolio that includes brands like Dove, Pond’s and Lakmé. Minimalist, known for its actives-led skincare products, reported an annual revenue run rate of over 5 billion rupees and has been profitable since inception.

“This acquisition is another key step to grow our Beauty & Wellbeing portfolio in the high growth masstige beauty segment,” Rohit Jawa, CEO of Hindustan Unilever, said in the statement.

Founded in 2020 by Mohit Yadav and Rahul Yadav, Jaipur-based Minimalist sells a range of products from sunscreen to hair-repair serum. The startup had previously attracted investment from Unilever Ventures in its Series A round in 2021. Peak XV was its first institutional investor, leading the seed funding in the startup through its Surge platform in late 2019. Minimalist is one of the earliest Surge portfolio startups.

The acquisition follows Hindustan Unilever’s expansion into health and well-being through the purchases of Oziva and Wellbeing Nutrition last year. The latest transaction is expected to close in the June quarter, subject to regulatory approvals.

The founders will continue to run the business for two years after the deal closes. Minimalist has built a strong presence in e-commerce, which Hindustan Unilever plans to complement by expanding the brand’s offline distribution using its extensive retail network.

The deal values Minimalist higher than the roughly $300 million valuation it reportedly sought when attempting to raise venture capital in the second half of last year, according to previous media reports.