The team behind Quorum-based proof-of-work blockchain Qubic (QUBIC) announced a major rework of how the blockchain in question works.
According to an Aug. 27 announcement, the Project X update introduces a series of protocol changes meant to spur long-term growth and community support. The update involves a rebalance of emissions and earnings for network participants. Qubic’s Ecosystem Representative for Europe Alber Fernandez said:
“It’s the first time we’re seeing the crypto community’s collective intelligence come together to perfectly balance emissions, mining growth, and long-term sustainability. By aligning burns with emissions and encouraging people to hold Qubic, we’re creating a more sustainable and value-driven ecosystem.”
Project X introduces a new protocol extension that allows computers to allocate a portion of their earnings to proposed initiatives for the benefit of the ecosystem. Furthermore, the upgrade also includes a 15% emission decrease t
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