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3 changes: 3 additions & 0 deletions .gitignore
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npm-debug.log*
yarn-debug.log*
yarn-error.log*

.aidigestignore
codebase.md
6 changes: 3 additions & 3 deletions blog/2023-07-19_qx_auction.mdx
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import ReactPlayer from 'react-player'


In the ever-expanding crypto universe, where digital currencies flow and groundbreaking technologies emerge, an exciting event unfolded. This was the story of the inaugural Qubic [Smart Contract](/learn/smart-contracts) [IPO](/learn/ipo): Qx.
In the ever-expanding crypto universe, where digital currencies flow and groundbreaking technologies emerge, an exciting event unfolded. This was the story of the inaugural Qubic [Smart Contract](/learn/advanced concepts/smart-contracts) [IPO](/learn/advanced concepts/ipo): Qx.

Qx is a decentralized exchange (DEX) with a vision to transform how digital assets are traded. With 676 sought-after shares on offer, anticipation surged amongst crypto enthusiasts who eagerly followed the live auction.

The enthralling auction took place during Epoch 65, lasting from July 12th to July 19th, 2023. Investors and enthusiasts had the opportunity to participate in this historic event and become part of the Qubic revolution.

As the auction began, participants including miners, computors, and QU-holders entered a heated bidding war. The atmosphere buzzed with electricity, and bids escalated as everyone vied for the coveted shares.

The auction took the unique form of a [Dutch Auction](/learn/dutch-auction), adding an extra layer of intrigue. The starting price per share was low but gradually increased until the time ran out at 11 UTC on Wednesday, July 19th. The Qubic community watched the entire event unfold live on https://live.qubic.li/ipo, cheering on their favorites and their own bids.
The auction took the unique form of a [Dutch Auction](/learn/advanced concepts/dutch-auction), adding an extra layer of intrigue. The starting price per share was low but gradually increased until the time ran out at 11 UTC on Wednesday, July 19th. The Qubic community watched the entire event unfold live on https://live.qubic.li/ipo, cheering on their favorites and their own bids.

As the auction reached its thrilling conclusion, the success of Qx-IPO became apparent. It marked a triumph for the Qubic ecosystem and showcased the immense potential Qubic Smart Contracts hold for the crypto industry.

The unique aspect of these Qubic SC IPOs is the concept of "burning." The designated [QUs](/learn/tokenomics) were literally burned, decreasing the total supply with each Smart Contract built on Qubic. Qx-IPO was a testament to this concept. Over 10 trillion QUs were burned during the IPO auction. As a result, the share price soared to an incredible 15 billion QUs per share, resulting in a significant reduction of over 15% in the total supply.
The unique aspect of these Qubic SC IPOs is the concept of "burning." The designated [QUs](/learn/basics/tokenomics) were literally burned, decreasing the total supply with each Smart Contract built on Qubic. Qx-IPO was a testament to this concept. Over 10 trillion QUs were burned during the IPO auction. As a result, the share price soared to an incredible 15 billion QUs per share, resulting in a significant reduction of over 15% in the total supply.

This spectacular auction marked the beginning of a new era for Smart Contracts and demonstrated how they could transform the crypto world through IPOs. Qx-IPO showed that groundbreaking technologies are not just visions, but tangible possibilities shaping our crypto-centric future.

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2 changes: 1 addition & 1 deletion docs/developers/contribute.md
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## How we fund these projects

The Computor Controlled Fund (CCF) is a communal resource designed to support and facilitate the growth of the Qubic ecosystem. The fund allocates resources to approved projects that aim to expand the capabilities, reach, or efficiency of the Qubic network. Any community member can propose a project for funding and the projects are chosen based on the votes of the community members (see how [Proposal](/learn/proposals) work). The idea behind the CCF is to enable quick definition of project proposals and release of budgets by the community.
The Computor Controlled Fund (CCF) is a communal resource designed to support and facilitate the growth of the Qubic ecosystem. The fund allocates resources to approved projects that aim to expand the capabilities, reach, or efficiency of the Qubic network. Any community member can propose a project for funding and the projects are chosen based on the votes of the community members (see how [Proposal](/learn/governance/proposals) work). The idea behind the CCF is to enable quick definition of project proposals and release of budgets by the community.

:::info
Remember, the CCF belongs to all of us. Let's work together to continue developing and growing the Qubic ecosystem!
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2 changes: 1 addition & 1 deletion docs/developers/draft/logo.md
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5. **Revision:** Should the need arise, one round of revision will be provided based on the community's feedback.

## Compensation
The potential impact of this work on Qubic's brand identity and visibility is considerable. Please note, the actual compensation for this project is not predetermined. Rather, it will be determined by the Qubic [Quorum](/learn/quorum) voting process upon satisfactory delivery of the finalized logo and all related deliverables. The Quorum will evaluate the completed work and vote on the amount of QUs to be rewarded based on its perceived value to the community. This approach ensures a fair compensation reflective of the community's appreciation and value perception.
The potential impact of this work on Qubic's brand identity and visibility is considerable. Please note, the actual compensation for this project is not predetermined. Rather, it will be determined by the Qubic [Quorum](/learn/governance/quorum) voting process upon satisfactory delivery of the finalized logo and all related deliverables. The Quorum will evaluate the completed work and vote on the amount of QUs to be rewarded based on its perceived value to the community. This approach ensures a fair compensation reflective of the community's appreciation and value perception.

This approach keeps the focus on the Quorum's decision-making process and the value it places on the completed work, rather than a pre-defined budget.

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73 changes: 73 additions & 0 deletions docs/learn/advanced-concepts/aigarth.md
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---
sidebar_label: 'Aigarth'
---

# Aigarth: AI Integration in Qubic

Aigarth represents a groundbreaking advancement in the integration of artificial intelligence (AI) with blockchain technology. This section provides a comprehensive overview of Aigarth, its role within the Qubic ecosystem, and its potential impact on the future of decentralized AI development.

## What is Aigarth?

Aigarth is an innovative AI system that operates on top of the Qubic network. Its primary goal is to democratize AI development and enable collective intelligence by leveraging the computational power of the Qubic network.

### Key Features of Aigarth:

1. **Decentralized AI Training**: Utilizes the computational power of Qubic miners to create and train billions of artificial neural networks (ANNs).
2. **Self-Improving AI**: Implements a "Teacher" ANN capable of modifying and improving other ANNs, with potential for recursive self-improvement.
3. **Public Accessibility**: Once integrated with Qubic's Smart Contract feature, Aigarth will be publicly available for use and further development.
4. **Real-World Integration**: Utilizes Qubic's Oracle Machines for observing the external world and Outsourced Computations for conducting experiments and interacting with the environment.

## How Aigarth Works

Aigarth operates through a unique process that combines distributed computing with advanced AI techniques:

1. **ANN Creation**: Qubic miners generate billions of Artificial Neural Networks (ANNs) designed to compress and decompress random data.
2. **Teacher ANN**: A specialized "Teacher" ANN, created by Aigarth, modifies these miner-generated ANNs to improve their efficiency.
3. **Recursive Improvement**: The process is designed to be recursive, with future versions of the Teacher potentially improving itself, leading to continuous AI advancement.

### Example of ANN Improvement:
Imagine a simple ANN that can recognize basic shapes. The Teacher ANN might modify this network to:
- Recognize more complex shapes
- Differentiate between similar shapes more accurately
- Perform the recognition task using fewer computational resources

## Aigarth and Useful Proof-of-Work (UPoW)

Aigarth is closely integrated with Qubic's Useful Proof-of-Work (UPoW) system, creating a symbiotic relationship between network security and AI development:

- **Miners' Role**: Instead of solving arbitrary mathematical problems, miners contribute computational power to solve AI-related tasks, particularly for Aigarth's development.
- **Transparency**: The mining process is transparent, allowing participants to see their progress in real-time.
- **Reward System**: Pool Operators compensate miners based on their performance in finding solutions for AI training tasks, rewarding them with QUBIC tokens.

## Current ANN Architecture

Aigarth's current ANN architecture features several advanced characteristics:

- **Fully Recurrent Neural Networks**: Neurons are interconnected without self-loops, allowing for complex information processing.
- **Value Range**: Neurons can accept, store, and output values within the range of [-1, 0, +1].
- **Synapse Activation Period**: Each synapse includes an activation period parameter, distinct from propagation delay, which will be integrated in future updates.
- **Performance Evaluation**: The mining algorithm assesses ANN performance by continuously feeding input and comparing output against a threshold value, considering output mismatches and rewarding uncertainty.

## Future Directions and Potential Impact

If successful, Aigarth could revolutionize several aspects of AI and blockchain technology:

1. **Democratized AI Development**: By leveraging the collective computing power of the Qubic network, Aigarth could make advanced AI development accessible to a broader range of researchers and developers.

2. **Collective Intelligence**: The decentralized nature of Aigarth could lead to the creation of a truly collective AI, benefiting humanity as a whole rather than being controlled by a single entity.

3. **AI Singularity**: Aigarth's approach of recursive self-improvement could potentially lead to rapid advancements in AI capabilities, exploring the concept of an AI singularity in a decentralized and transparent manner.

4. **Economic Impact**: The project aims to create the world's first "trillionaire AI entrepreneur," with benefits distributed to all of humanity, potentially reshaping economic structures.

5. **Smart Contract Integration**: Once fully developed, Aigarth could be deployed as Qubic smart contracts, expanding the capabilities and applications of the Qubic platform.

## Community Contributions and Ongoing Development

The development of Aigarth is an ongoing process that heavily relies on community contributions:

- **Miner Optimization**: Community members are actively involved in refining and optimizing Qubic miners to improve the efficiency of ANN creation and training.
- **Algorithm Updates**: Planned updates include more general ANN architectures and adaptive tick counts based on output convergence, aligning with Qubic's anti-Sybil goals.
- **Open Collaboration**: The open-source nature of the project encourages developers and AI specialists to contribute to Aigarth's development, potentially leading to breakthroughs beyond the current scope of the Qubic ecosystem.

By integrating advanced AI capabilities with the decentralized nature of blockchain technology, Aigarth represents a bold step towards a future where artificial intelligence is developed and utilized for the benefit of all, rather than being controlled by a select few entities.
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---
sidebar_label: 'Dutch Auction'
---
# Dutch Auction

In a Dutch auction, the price of the shares is not predetermined. Instead, it's the investors who dictate the price through their bids, providing a more dynamic pricing mechanism.
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51 changes: 51 additions & 0 deletions docs/learn/advanced-concepts/environmental-impact.md
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---
sidebar_label: 'Environmental Impact'
---

# Environmental Impact

The Qubic network has been designed with environmental sustainability in mind, addressing one of the most significant criticisms of traditional blockchain technologies: excessive energy consumption. This section explores how Qubic's innovative approach contributes to a more eco-friendly blockchain ecosystem.

### Useful Proof-of-Work (UPoW)

At the core of Qubic's environmental strategy is the **Useful Proof-of-Work (UPoW)** system. Unlike traditional Proof-of-Work (PoW) systems that consume vast amounts of energy to solve arbitrary mathematical puzzles, UPoW redirects computational resources towards productive tasks, specifically AI training.

#### How UPoW Works:

1. **Computational Tasks**: Instead of mining blocks, Qubic miners work on creating and improving Artificial Neural Networks (ANNs).
2. **Energy Utilization**: The energy consumed is directly applied to advancing AI technology, providing tangible value beyond just securing the network.
3. **Efficiency**: This approach significantly reduces energy waste compared to traditional PoW systems.

### Quorum-based Consensus

Qubic's consensus mechanism further contributes to its energy efficiency:

- **676 Computor Nodes**: The network relies on a fixed number of validator nodes, eliminating the need for energy-intensive competition among miners.
- **Efficient Agreement**: The quorum-based system requires agreement from only 451 nodes for changes, reducing unnecessary computational overhead.
- **Rapid Finality**: Transactions achieve finality within seconds, minimizing the energy spent on transaction confirmation.

### Comparative Energy Efficiency

While precise quantitative data is not available, Qubic's design principles suggest significant energy savings compared to traditional blockchain networks:

- **Bitcoin**: Consumes an estimated 110 Terawatt-hours per year (as of 2023)
- **Ethereum (pre-merge)**: Used approximately 112 Terawatt-hours per year
- **Qubic**: Expected to use a fraction of this energy due to its UPoW and quorum-based system

### Environmental Benefits

1. **Reduced Carbon Footprint**: By minimizing energy waste, Qubic contributes to lower greenhouse gas emissions associated with blockchain technology.
2. **Sustainable Scaling**: As the network grows, its environmental impact doesn't scale proportionally, unlike traditional PoW systems.
3. **Promoting Green Tech**: Qubic's approach encourages the development of energy-efficient hardware and software solutions in the blockchain space.

### Future Environmental Initiatives

The Qubic team is committed to ongoing environmental improvements:

- **Energy Monitoring**: Plans to implement tools for tracking and reporting the network's energy consumption.
- **Green Partnerships**: Exploring collaborations with renewable energy providers to further offset the network's carbon footprint.
- **Research and Development**: Continuous work on optimizing the UPoW system for even greater energy efficiency.

### Conclusion

While the blockchain industry continues to grapple with environmental concerns, Qubic's innovative UPoW system and efficient consensus mechanism position it as a leader in sustainable blockchain technology. By aligning computational power with productive AI tasks and minimizing energy waste, Qubic demonstrates that blockchain networks can be both powerful and environmentally responsible.
6 changes: 5 additions & 1 deletion docs/learn/ipo.md → docs/learn/advanced-concepts/ipo.md
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---
sidebar_label: 'Initial Public Offering (IPO)'
---

# Initial Public Offering (IPO) (Draft)

In the world of finance, an Initial Public Offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. In the Qubic universe, this concept has been creatively leveraged to facilitate the distribution and trading of digital assets on the Qubic network.
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Moreover, the ability to conduct an IPO using Qubic's smart contract technology demonstrates the robustness of the network's infrastructure and its suitability for a diverse range of financial applications.

In the Qubic ecosystem, [Dutch Auctions](/learn/dutch-auction) are integral to the Initial Public Offering (IPO) of smart contracts. By utilizing a Dutch auction mechanism, Qubic ensures a fair and transparent bidding process where the highest bidder acquires the offering. This method allows participants to bid at the price they believe the offering is worth, potentially leading to a more accurate valuation compared to traditional methods.
In the Qubic ecosystem, [Dutch Auctions](/learn/advanced concepts/dutch-auction) are integral to the Initial Public Offering (IPO) of smart contracts. By utilizing a Dutch auction mechanism, Qubic ensures a fair and transparent bidding process where the highest bidder acquires the offering. This method allows participants to bid at the price they believe the offering is worth, potentially leading to a more accurate valuation compared to traditional methods.

Dutch auctions are part of Qubic's commitment to create a democratic and open environment, where market forces determine the price of offerings and every participant has an equal opportunity to contribute and benefit from the network's growth. This approach promotes fairness, inclusivity, and efficiency within the Qubic community.
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