Qubic is a protocol that specifies IOTA’s solution for oracles, smart contracts, outsourced computations, and more.
The Qubic project
After much speculation, the time has come to shed light on one of the most eagerly awaited developments within the IOTA community: Qubic. To be very clear, Qubic is still a work in progress. This website is meant to give the IOTA community and the wider public a comprehensive overview, to better understand what we are working on, and to help convey the enormous scope of the Qubic project.
Qubic has evolved over time into something markedly different from the original Quorum-Based Coin idea coined on bitcointalk September 2012. The most apparent change is that there now exists a working protocol to serve as the messaging and payment system: IOTA.
To dismiss a few common misconceptions about Qubic right off the bat:
- Qubic is not a new token or coin;
- There will be no Qubic ICO or airdrop
The original Qubic idea had some hard to overcome problems. The IOTA protocol was, in fact, created to help solve those problems. Indeed, IOTA was designed to become the global standard for IoT messaging and payments. Qubic follows that standard, and is made possible by fee-free IOTA transactions, which enable:
- A way to safely communicate with the outside world in a trusted environment;
- A powerful, distributed fog computing platform for building complex IoT applications;
- A new type of smart contract, which collects micro-payments in real time as it runs;
- A reward system for incentivizing honest participation in the Tangle
Read more: https://qubic.iota.org/intro
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored or guest posts, articles and PRs are NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise