What is Qubic?

Qubic is a decentralized Layer 1 network founded to integrate artificial general intelligence (AGI) with blockchain technology. The network features a unique Proof of Work model called Useful Proof of Work (uPoW), which channels computational power toward AI training, thus aiming to make mining more meaningful. Qubic supports various industries, including finance, gaming, and supply chain management, by offering feeless transactions and instantaneous finality for real-time applications.

The architecture of Qubic is based on bare metal hardware, eliminating the need for traditional operating systems to enhance performance and scalability. Its governance model is built on a Quorum Consensus mechanism, which aims to ensure resilience and decentralization, thereby preventing any single entity from gaining control over the network. Qubic also supports advanced features such as high-speed smart contracts and initial public offerings (IPOs) for new contract releases.