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📣Major Feature Enhancements!
We’ve fully upgraded our suite of production-ready AI services, including Inference APIs, GPU renting, and GPU clusters — all powered by our global, decentralised network.
Let’s take a peek at some of the latest features and changes 👇🧵
🔵150 Billion Qubic Burnt🔵
Following on from our Computors overwhelmingly voting in favour of the max supply reduction and the emissions reduction, today we saw our new SupplyWatcher burn 150 billion coins.
We expect this to be the first burn of many during the epoch changes.
The community speaks, and Qubic listens.
Built Different
This is another huge development for $QUBIC
Oracles will allow $QUBIC to connect to real world data in realtime
This will be huge for decentralized apps and smart contracts
Imagine Quottery betting dApp able to connect to real time sports scores as they happen with smart contract auto-execution once a result occurs
It'll be exciting to see the real world applications of this
🚀 The Case for Qubic Stablecoin - Part 3: Why VUSD is the Best Choice
Vision: A Qubic-Based Stablecoin (VUSD)
The Qubic team aims to create Valis USD (VUSD), the world’s first safe, transparent, consistent, instant, scalable, and free stablecoin. Here’s what makes VUSD unique:
Safe: Every VUSD will be backed by 1 USD, with a 100% collateralization ratio.
Transparent: Real-time, on-chain verification will ensure full transparency of reserves.
Consistent: Operating on a single chain, VUSD ensures a consistent user experience in terms of speed, scalability, and cost.
Instant: VUSD transactions will be processed on Qubic, the world’s fastest Layer 1 DRT, with instant finality.
Scalable: VUSD will leverage the Valis Network, supporting millions of concurrent users.
Free: VUSD transactions will have no explicit or implicit costs, offering users truly free transactions.
This combination of features constitutes VUSD’s unique selling proposition, unmatched by any other stablecoin on the market.
Rationale: Ecosystem Benefits
VUSD addresses key challenges within the Qubic ecosystem, delivering significant benefits:
Economic Stability: VUSD, pegged to the USD, provides a stable medium of exchange and store of value, allowing users and entrepreneurs to plan confidently without worrying about QU volatility.
Enhanced Liquidity: As a stable asset, VUSD attracts liquidity, facilitating larger transactions with minimal price impact and making the Qubic ecosystem more appealing to institutional investors.
Talent Attraction: VUSD’s unique benefits—being safe, transparent, consistent, instant, scalable, and free—create an environment ripe for innovation, attracting entrepreneurs to build bridges for cross-chain asset transfers and interoperability layers with Qubic.
DeFi Expansion: VUSD supports the development of complex financial products, such as cross-border lending and fractional ownership models, enhancing Qubic’s ecosystem with diverse financial tools.
QU Appreciation: As VUSD smart contracts are utilized, QU tokens will be burned, reducing supply and potentially increasing QU’s value.
Business Model: Yield Capture
The business model behind VUSD is simple: When you deposit a dollar, Valis creates a token redeemable for one dollar at any time. Valis invests the dollar in highly liquid assets like short-term U.S. Treasury bonds, earning interest, which Valis retains.
Stablecoin issuance has become a highly profitable business, particularly with elevated interest rates. For instance, Tether reported a record-breaking net profit of $5.2 billion in the first half of 2024. VUSD aims to leverage Qubic’s strengths to capture a share of this lucrative market.
Competition: An Unmatchable Combination
VUSD’s combination of safety, transparency, consistency, speed, scalability, and zero cost, powered by Qubic and Valis technology, is unmatched by any other stablecoin. While many stablecoins use a multi-chain approach, VUSD’s single-chain strategy ensures a consistent and superior user experience.
Positioning: A Superior Market Strategy
Qubic’s "Ultra-High Performance" market strategy focuses on broader appeal and sustainability, positioning VUSD as a key driver of mass adoption and placing Qubic among the top 10 cryptocurrencies.
Conclusion
The "Ultra-High Performance" positioning is the most effective strategy for Qubic, driving ecosystem growth and market leadership. VUSD’s widespread adoption will stabilize and enhance the Qubic ecosystem, attracting both individual and institutional investors. This strategy aligns Qubic’s strengths with the current demands of the crypto market.
Coming Up: How Fast is Qubic?
In the next part, we’ll explore Qubic’s unparalleled speed and how it sets the stage for VUSD to redefine the stablecoin market. Qubic is ready to make its mark! 🚀💡 #Qubic
@valis_team@_Qubic_
https://t.co/hfHfRJljvO
#Qubic's 55 million Transfers Per Second: Where Can It Be Applied? 🚀💼
1/ 🌆 Smart Cities: With 55 million transfers per second, #Qubic can revolutionize smart city infrastructure by managing vast amounts of data from IoT devices, optimizing everything from traffic flow to energy consumption in real-time.
2/ 🌐 Global Finance: #Qubic's incredible transfer speed can transform cross-border payments, enabling near-instantaneous transfers across different currencies, reducing costs, and improving efficiency in international trade.
3/ 📡 Telecommunications: In telecom, #Qubic can handle the enormous data transfers required for 5G networks, ensuring seamless communication, faster internet speeds, and improved connectivity for billions of devices worldwide.
4/ 🏦 Banking & FinTech: With #Qubic, financial institutions can process massive volumes of transactions and data transfers, improving everything from fraud detection to high-frequency trading with unparalleled speed and security.
5/ 🏥 Healthcare: In the healthcare sector, #Qubic can facilitate rapid, secure transfers of medical records and patient data, enabling real-time collaboration between doctors, hospitals, and research institutions globally.
6/ 🎮 Gaming & Entertainment: For online gaming and streaming, #Qubic's speed allows for real-time data transfers, enhancing user experience with zero lag and ultra-responsive platforms, even with millions of users.
7/ 🚀 Supply Chain & Logistics: #Qubic can streamline supply chains by enabling real-time data transfers and tracking, ensuring transparency, reducing delays, and improving overall efficiency from production to delivery.
8/ 🔗 Blockchain Interoperability: With its high transfer rate, #Qubic can act as a bridge between different blockchain networks, enabling seamless data transfer and enhancing the overall scalability and functionality of the decentralized ecosystem.
#Qubic’s unparalleled transfer speed opens doors to innovations across multiple sectors, making it a game-changer in the digital age.
I suspect #Qubic smart contract engine (no VM, no OS required) is more performant than the engines of all other cryptocurrencies combined. Anybody knows a ballpark number of that total performance? Would like to compare.
I also would love to see how $QUBIC SC engine compares to others. Especially the one all the major $QUBIC fudders are supporting hehe
$QUBIC ecosystem is ramping up. All the pieces come together right now and now it is just a waiting game.
🧵 The Future of Qubic: Introducing Our Own Stablecoin, QUSD! #Qubic
1/ 🎉 We're entering an exciting new era! Qubic is working on our own stablecoin, QUSD, which will strengthen our ecosystem and offer new opportunities for our community. So, what does this mean?👇
55 million Transfers Per Second
We are pleased to announce that during recent testing, mimicking an airdrop, the network was able to achieve a smart contract execution of 55 million transfers per second
The images showing this test and further information can be found in our blog here: https://t.co/ttWiSP8KWy
X7, the $QUBIC team pays you to talk about them ?
Why do you only talk about $QUBIC ?
Bro you talk a lot about $QUBIC, please stop !
I tend to get a lot of comments like this, people really think I get paid to talk about $QUBIC lool.
Some of you really don't know what it means to have conviction, you should study this concept and understand once and for all that without conviction you are going nowhere.
I get a lot of DMs from people telling me that they have bought $QUBIC and that they believe in the project and thank me for helping them discover it.
That's everything to me, if I can help people change their lives, that's the most important thing.
Leaving aside the personal conviction that I have, take a look at the general note of users about $QUBIC and the fact that it is top trending in CG searches for example or the fact that it is the project with the highest score of @checker_chain
A lot of people are starting to change their minds and eat their own words about what $QUBIC is capable of and it's funny but I want to congratulate you for changing your mind and opening your eyes because only assholes don't change their minds.
You will surely witness a historic trend change and I will be here to document it.
If you like it, welcome if not, you can leave but surely someone close to you, a relative will tell you about $QUBIC, I don't make the rules honey.
This is most likely the first in a long line of proofs that will come from the $Qubic team and will eventually confirm that this is by far the best layer 1. Fomo will come soon after..
📣
QEARN is coming
Whitepaper is coming
80% reduction in total supply coming
Lowering Emissions coming
Stablecoin coming
Tier 1 Exchanges coming
More Smart Contracts are coming (More Burning ❤️🔥)
Marketing is coming
We hit 1 Billion MCAP with none of these and on only 3 tiny exchanges.
What do you think $QUBIC will do in full blow #ALTseason and all of these new developments?
#ThePerfectStorm
I think the $QUBIC bottom is in or very close. So much good stuff cooking for the next months:
- supply reductions of 80%
- emission reduction
- grant program
- stable coin on $QUBIC introduced
- QEarn yield staking + burn community projects
- more power for the computers to allocate emissions for the good of the $QUBIC ecosystem
- new and better mining algo
- proof for min 20-40m interactions per second for smart contracts by @Qsilver97 coming
and mooaaaar 🔥
The market overall is slowly looking like it is coming back, too.
Imagine not being bullish on $QUBIC
One huge advantage I see for $QUBIC comes in the form of its useful proof of work model
The issue with traditional proof-of-work cryptos is that they waste an incredible amount of energy
In a world where governments are working to reduce energy wastage, at some point, I imagine, there will be a clamp down on proof-of-work crypto projects
It is similar to privacy coins like $XMR or $ZEPH
They are interesting projects but they are directly opposed to the goals of world governments (powerful people)
For this reason, $XMR and $ZEPH are very risky long term investments
In a similar sense, you have to worry about traditional proof-of-work cryptocurrencies
At some point, I imagine that governments will eventually clamp down on them
That clampdown might be 10 years away and maybe these projects will be able to pivot but it makes it difficult for me to be super bullish long term
It seems to be a fundamental flaw in all proof-of-work crypto projects..
I could be wrong! But those clampdowns are how I imagine the fall will come for $BTC..... at least in its traditional proof-of-work form
$BTC might need to try and fix this issue with a fork of some sort and I don't know how effective that change would be
There is a shortage of computing power in the world right now and this is becoming especially apparent in the world of Artificial Intelligence development
$QUBIC, through its useful proof of work model, uses energy efficiently and appears to be aligned with governmental goals while still being decentralized
Of course, we still need to see the proof that $QUBIC's useful proof of work model is working as expected, but if it is.... it will be a huge bonus for the project
$QUBIC has one large advantage over 99% of crypto projects out there
99% of crypto projects are trying to take down the traditional systems that have been used to control people
Typical traditional government systems are designed to centralize power over money
The world's money is controlled by the most powerful and rich people in the world
They get richer as the poor get poorer
They remove the gold standard
They print money
They get richer
We get poorer
Bitcoin offered a solution to this problem
$BTC was an incredible invention because it found a way to create a decentralized currency that could take the power away from the rich and give it back to the poor
Many cryptos have since been created that seek to do the same thing
But each of these projects has faced a major issue
They all try to overthrow a system that has been created by the most powerful people in the world
The most powerful people in the world aren't going to give up their power over money easily
For that reason, most crypto projects have been met with great resistance
QUBIC isn't like 99% of crypto projects out there
$QUBIC actually has many features that are useful to the most powerful people in the world
If $QUBIC's useful proof of work does actually work! Then it can help reduce the world's power consumption and computational power shortage
And if $QUBIC's AI development through Aigarth does actually work! Then it will be an Artificial Intelligence that can solve many of the problems in the world
Through UPOW and #Aigarth, the most powerful people and governments in the world will actively want to use the $QUBIC network because it will benefit them
At the same time, as the $QUBIC network gains adoption for its UPOW and AI benefits, $QUBIC, by proxy, would become an undeniable form of currency that would be decentralized and for the people