The IOTA Qubic a new Milestone to be Launched with Giant Volkswagen

The IOTA Qubic a new Milestone to be Launched with Giant Volkswagen

IOTA has been making much headway in 2018, having launched their Trinity Mobile wallet, announced a Tangle-based ID card and a partnership with German automobile giant Volkswagen, and released details of a project the team considers to be one of their biggest milestones: the IOTA Qubic.

July 2018 marks the first of the team’s communication about the latter, following the release of the Qubic website. Qubic hopes to create “machine economies” that can perform computations in a distributed network much quicker through an oracle designed specifically for smart contracts, outsourced computation, and oracle machines.

In keeping with the team’s promise to release details about the status of Qubic on the 3rd of every month, the team has offered some more details in a recent blog post, which satiated the community’s desire to know when the major milestone might actually arrive in full.

Unfortunately for the project’s ardent community, the team hasn’t yet revealed the final roadmap with deadlines. They state that it has been prepared, but with the limited resources at their disposal, hasn’t yet been integrated into their site. The Qubic roadmap will resemble the roadmap on the Trinity website.

As the team states, Qubic is roughly the work of 2 separate developments: the Qubic protocol itself and the Abra language, which is the programming language that will be used to create Qubic tasks. They have made progress in both areas in June, as well as working towards a document that details the technical aspects of Qubic.

The roadmap for the protocol focuses largely on putting together the parts that will allow for reliable and efficient large-scale computation. Notable is the Q-tangle which is a localized tangle designed for the Qubic protocol and only contains transactions relating to it.

A Proof-of-Concept for some significant use cases is very important for the team, and this is their biggest priority at the moment. Expect this to be one of the first updates to be released.

Follow us on Telegram!

Please follow and like us:

Leave a Response