Qubic includes computing and finance, where the transaction fee is eliminated and instead increases scalability and security. The cutting-edge technology of AI empowers the game.
It is a layer-1 blockchain protocol built to revolutionize cryptocurrencies with its AI training and quorum-based computation system.
The main aim of Qubic is to remove transaction fees, improve scalability, and increase security. It is a blockchain built for distributed computing and finance that uses elements of AI in order to enhance efficiency.
Do you find Qubic interesting? We have more to share. Find out what makes Qubic unique from the rest. Check out the function, key indicators, performance, future price forecast, purchasing options, and credibility of the token.
Let us start by analyzing the functionality of Qubic.
What is Qubic Crypto and How does it work?
As defined, Qubic is a layer-1 blockchain that possesses the fastest and highest potential smart contract written in C++. This allows Qubic to carry out smart contracts in a very short time.
However, it is not completely free, instead of imposing a fee to use, they ask for a commission on the smart contract, where the commission value is voted by the nodes that make up its active network.
Qubic works in a Useful Proof-of-Work consensus mechanism. It is a regular Proof-of-Work, as utilized by Bitcoin with some differences. For instance, Qubic is powered by AI miners, who are responsible for executing smart contracts on the network. Unlike most networks, the miners are not rewarded for their work mining. However, these Miners support the validators.
Token Name: QUBIC
24-hour trading volume: $5,936,823
Categories: Artificial Intelligence, Smart Contract Platform, Layer 1 (L1), Proof of work (PoW)
Key Factors of Qubic Crypto (QUBIC):
- The ability of Useful proof-of-work to convert the computational energy expended in the mining process into valuable outcomes is what makes Qubic unique. By its Proof-of-Work, the protocol directs this computational capacity for the progression of machine learning.
- Since only one miner can receive the reward under regular Proof-of-work, the other miners on a network are giving out energy to compete in solving puzzles where only one person’s energy is actually required.
- The released energy can be used to power the next generation of AI apps and innovation which need tremendous energy to train and maintain their AI models.
- Another unique feature is their quorum-based computations which refers to a computing model where the result of computation is accepted or assumed valid only when a certain number of nodes in a network agrees on the outcome.
- QU (Qubic Unit) acts as a measurement of computational energy spent on the Quibic platform through running smart contracts or requesting data from oracles.
Future Price Prediction of Qubic Crypto (QUBIC):
At the time of writing this, Qubic is trading at $5,933,858 in the last 24 hours.
This presents a rise of 185.00% from the previous day. As per the market analysis, we have made a seven-year price prediction of Qubic until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
| 2024 | $0.00004706 | $0.00008001 | $0.0001130 |
| 2025 | $0.00008660 | $0.0001374 | $0.0001883 |
| 2026 | $0.0001318 | $0.0001506 | $0.0001694 |
| 2027 | $0.00006024 | $0.00009036 | $0.0001205 |
| 2028 | $0.00008283 | $0.0001167 | $0.0001506 |
| 2029 | $0.0001431 | $0.0002410 | $0.0003389 |
| 2030 | $0.0003012 | $0.0003577 | $0.0004142 |
Where can you buy and how to buy Qubic Crypto (QUBIC):
Crypto exchanges can be used to buy, sell, and convert different cryptocurrencies. You can purchase QUBIC tokens on several top cryptocurrency exchanges, including TradeOgre, SafeTrade, and Jupiter. Check out the steps of owning Qubic:
Step 1: Select the crypto exchange that helps to purchase Qubic. You can consider the simplicity, payment structure, and payment methods while choosing the crypto exchange.
Step 2: Sign up or register by entering the required information and setting up a strong password. Enable added security and privacy settings to add an extra layer of protection.
Step 3: You might be asked to complete KYC verification. The data required for KYC differs based on your region or nationality. Users who pass the KYC verification can have access to more features and services on the platform.
Step 4: Follow the rules and instructions provided by the exchange to pass credit/debit card options, bank accounts, or other payment methods. The details vary on the bank’s security requirements.
Step 5: Locate the ‘swap’ option on DEX, then choose the token you need. If you do not find Qubic in the list, input the contract address of QUBIC and add it. Next, type a value for your ‘To’ currency by clicking inside the input box. You can also type the “From” amount and have the “To” amount estimate.
Step 6: Check for the details, and click the “swap” button. Also, click the “confirm swap” button when the wallet asks to confirm the action.
Is Qubic Crypto (QUBIC) a credible investment?
Qubic is built on a solid bedrock that comprises an experienced team. QUBIC token was founded by Sergey Ivancheglo, who is the co-creator of IOTA and NXT. As per the analysis, Qubic appears to be a credible investment option.
It is mandatory to research the crypto before investing to avoid any potential loss.
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