$Qubic is a groundbreaking #crypto platform built on the innovative concept of decentralized Quorum consensus, rooted in 13 years of visionary thinking and based on Leslie Lamport’s seminal work on the Byzantine generals problem. This consensus mechanism ensures secure and reliable coordination among independent validators, overcoming the challenges of deception and collusion.
Key Features of Qubic’s #Quorum Consensus Mechanism:Historical Foundation: Inspired by the 1982 paper by Marshall Pease, Robert Shostak, and Leslie Lamport, addressing the Byzantine generals problem, and incorporating ideas from Nick Szabo on coalition protocols.Validator Network: Comprising 676 validators, competing non-stop for their positions based on their performance in mining solutions, a process we term as ‘useful Proof of Work.’
Dynamic Validator Replacement: Every epoch (week), not more than 225 validators are replaced by higher-scoring candidates, ensuring continuous optimization and performance improvement.
Tick-Based Processing: Instead of blocks, #Qubic operates on ‘ticks,’ where each validator performs the same computations. Consensus is reached when more than 2/3 of validators agree on the global state per tick.
Incentive Structure: A fixed supply of 1 trillion tokens per epoch is distributed among validators, with potential earnings up to 1.5 billion tokens per validator, based on performance.
Execution: Each tick has a leader responsible for picking for execution by Quorum. Performance directly influences their revenue, promoting efficiency and reliability.
Qubic’s unique approach combines robust security, economic incentives, and cutting-edge technology to create a secure, scalable, and efficient decentralized network. We invite crypto researchers and enthusiasts to join us in exploring and refining this innovative project.
Join Qubic today and be part of the next generation of decentralization.
https://github.com/qubic
All code is opensource and free available at our github link above.
