FAQ

What is the vision for Qubic?

The Qubic project intends to establish a global decentralized platform available for everyone to make new trustless applications, participate in new economic models and enable the broad landscape of Industry 4.0 and Web 3.0

What came first, Qubic or IOTA?

Qubic came first. The original concept, Quorum-Based Coin, was split into two components: IOTA, and the current version of Qubic described here.

What is the difference between oracles and oracle machines?

Oracles in Qubic are akin to miners in traditional PoW based distributed ledgers. Oracle machines are akin to the mining rig.

What is the relationship between Qubic and trinary computing?

The same team that originally created IOTA and Qubic, led by David Sønstebø and Sergey Ivancheglo, has developed native trinary hardware suited for Qubic using existing binary NAND modules.

Glossary

Abra

Intermediate trinary-based functional programming language used to describe a qubic’s behavior

Assembly

A (group of) oracles working together to achieve trust and consensus

Epoch

The real world time period it takes to execute a single cycle of a resource test phase followed by a qubic processing phase

Oracle

A data source or provider external to the Tangle

Oracle Machine

A device that can run qubics by interacting with the Tangle

Outsourced Computation

A processing task packaged as a qubic that can be run by anyone

Quant

The logical time block in which all changed input data by all triggered qubics is processed

Qubic

A packaged processing task that can be run by an oracle machine

Quorum

The minimum amount of oracles in an assembly that need to come to consensus on a result for that result to be accepted as valid

Quorum-Based Computation

A processing task that is run by an assembly and that needs to achieve quorum on the result of the processing task

Reward

The iotas offered by a qubic owner to the assembly that processes the qubic

Smart Contract

A specific type of quorum-based computation, usually meant to replace paper contracts with pre-programmed rules.