The IOTA project may be getting a boost from the launch of Qubic, a complete ecosystem of distributed computing that may add value and real-world applications to the asset. The Qubic system finally launched after being in development for years.
#IOTA #Qubic infos are revealed, but many people asking for #ELI5. So I created this infographic, based on the explanation which was posted at https://t.co/T0OFPQvBM5 #Q #IoT #Tangle #M2M #Industry40 pic.twitter.com/7UbveebJo0
— ₡rypTomcat (@CrypTomcat) 3. Juni 2018
The Qubic project in fact completes the vague, rather secretive promise of IOTA to include smart contracts. The project wraps up smart contracts, oracles, and distributed computation, bringing them to the IOTA platform. While other platforms offer distributed computation for a tokenized fee, the IOTA tangle should, in theory, use users’ resources to be scalable and perform the computations, or complete the smart contracts, for free.
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