As a seasoned researcher with a background in both artificial intelligence and cryptocurrency, I find the recent development of Qubic, an AI cryptocurrency that claims to be the world’s first “useful proof-of work” blockchain, particularly intriguing. The fact that it has been listed on MEXC, the eleventh largest cryptocurrency exchange by trading volume according to CoinMarketCap, is a significant milestone for the project.
The cryptocurrency Qubic, which utilizes artificial intelligence (AI), was recently added to the trading platform of MEXC, a well-known centralized exchange. At the same time, its development team revealed an updated plan for its advancements in 2023.
According to data from CoinMarketCap, MEXC ranks as the eleventh busiest cryptocurrency exchange with a trading volume of approximately $1.77 billion over the past 24 hours, as of July 17th.
As a researcher exploring the blockchain landscape, I’ve come across an intriguing project called Qubic. Unlike traditional proof-of-work (PoW) blockchains that solely rely on computational power for network security, Qubic presents itself as the world’s first “useful PoW.” In simpler terms, the PoW computation in Qubic serves a dual purpose – it not only secures the network but also functions as machine learning training work for the Aigarth platform. Eric Fung, the APAC Growth Lead at Qubic, highlighted this unique feature during a recent conversation.
We’re thrilled to team up with MEXC for the listing of our token. This collaboration broadens our reach and increases visibility for our community on a global level. Listing on MEXC is an essential move towards expanding our ecosystem and boosting adoption.
As an analyst, I’d describe Aigarth as my current focus within the Qubic network. It’s an innovative project that merges artificial intelligence with distributed computing. By contributing our computational resources, users help solve intricate AI challenges using a unique evolutionary algorithm based on Helix logic gates. The development of this collective system is ongoing, with the ultimate goal of effectively addressing complex tasks in the realm of AI.
The primary focus of Qubic’s strategy is concentrated in three key sectors: community building, securing grants, and obtaining listings on prominent cryptocurrency platforms. In the long run, the company aims to introduce wallet versions for iOS, Android, Windows, and macOS, as well as seamless integration with established wallets like Hashwallet, Heat, and Metamask.
The development team committed to delivering enhanced documentation, boosting network performance, and introducing a novel reward mechanism. Additionally, they intend to carry out security assessments and unveil new functionalities like light nodes and oracle machines.
In the realm of blockchain technology, Oracles function as intermediaries that bring real-world information into the decentralized ecosystem. By serving as external data providers for blockchain networks, these systems enable smart contracts and users to interact with real-world data and occurrences in their transactions, thereby extending the capabilities of the blockchain beyond its inherent limitations.
The team committed to releasing a scholarly article on Qubic AI as part of their plan. Their focus is on ensuring the ecosystem’s financial stability and longevity by implementing sustainable financing, organizational adjustments, strategic recruitment, and clearer reporting procedures. The goal is to achieve a consistent tick time of one to two seconds.
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2024-07-17 17:12