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Qubic Launches ‘Project X’ With 80% Supply Cut to Revolutionise Blockchain

Qubic, a cutting-edge quorum-based distributed ledger technology with an AI platform in development, is proud to announce the launch of “Project X”. This initiative introduces key upgrades and features to support community and long term growth. It will balance emissions, enhance earnings, and empower community driven growth.

A Thriving Ecosystem

Project X aims to create a thriving, sustainable ecosystem for users, developers, community members, and partners. Its new protocol extension, a major upgrade, enables computors (specialised nodes designed to execute tasks) to allocate a percentage of their weekly rewards (emissions) to initiatives they believe will benefit the ecosystem. Along with the protocol extension, Project X includes a host of initiatives aiming to leverage the power of this new extension:

Revolutionising Crypto

With the introduction of Project X, Qubic is set to revolutionise its ecosystem. The project will include a series of phased rollouts scheduled between now and late September. To learn more about Project X, visit Qubic’s website, and for information on how to build on Qubic, visit the Qubic Grants Page.

About Qubic

Qubic is a Layer 1 ultra-high performance network supported by Useful Proof of Work (uPoW). Its platform supports feeless transactions and features the fastest smart contracts in the world, underpinned by a quorum-based consensus mechanism which allows true finality.

Founded by Sergey Ivancheglo, also known as Come-from-Beyond and a cofounder of IOTA and NXT, Qubic leverages extensive CPU and GPU resources through AI miners. Its goal is to democratise access to Artificial General Intelligence (AGI), redefining the role of AI in everyday technology.

Website | Discord | X | Telegram | GitHub | YouTube

ContactEric Fungef@qubic.org

This article was originally published on Chainwire


Source: Cryptocurrency - investing.com

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