Qubic is embarking on a journey to revolutionize global innovation by harnessing the power of True AI. The platform is reshaping the field of artificial intelligence by moving beyond traditional processes to introduce the useful-Proof-of-Work (uPoW) concept. This innovation ensures that every computational effort directly contributes to the development of AI.

At the core of Qubic's mission is Aigarth, an advanced AI system that aims to provide universal access to sophisticated AI capabilities. Aigarth utilizes data from AI miners to construct billions of neural networks, mirroring the complexity of the human brain.

As part of its commitment to establishing a premier open-source AI infrastructure, Qubic operates as a decentralized network governed by Quorum consensus. The network consists of 676 validators, known as 'computers,' responsible for executing smart contracts, ensuring network security, and managing feeless transactions. Qubic's infrastructure not only allows for efficient smart contract executions but also enables processing more than 40 million transfers per second on the smart contract level, showcasing its dedication to creating a high-performance computational AI network.

A unique feature of Qubic's platform is its approach to Initial Public Offerings known as Qubic IPOs. Drawing inspiration from the auction-based IPO method pioneered by Google, this approach enables users to invest directly in smart contracts, making them stakeholders in the technology itself. Each smart contract in the Qubic network receives an IPO for its 676 shares, allowing users to fund smart contracts and become shareholders, earning passive income from contract fees.

The platform also utilizes $QUBIC coins to fund smart contracts, which are locked up and burned to reduce the circulating supply while covering the contract's execution costs. Shareholder fees then fund further executions once the locked $QUBIC is depleted. Noteworthy is the fact that the first three smart contracts executed on Qubic burned over 10.5 trillion $QUBIC from the 1,000 trillion capped circulating supply.

Founder Sergey Ivancheglo, also known as CFB, praised the software's efficiency in utilizing the new mining algorithm for AI training, highlighting its power and simplicity in constructing artificial neural networks.

Qubic is a community-driven project founded by Sergey Ivancheglo, the creator of NXT & IOTA protocols. Launched in Q2 of 2022, the platform has garnered a vast community and a substantial number of miners. Grounded in fair smart contract execution and feeless transactions, Qubic aims to facilitate efficient and cost-effective transactions while achieving high TPS speeds beneficial to all participants.

For more information on Qubic, you can visit the official website.