Qubic Network Project Update

Get Caught Up

• Useful Proof of Work (UPoW) Economic Model Formalized: Qubic formalized the economic strategy behind its Useful Proof of Work model, which leverages the mining of external coins like Monero (XMR) to incentivize compute power. The new four-layered incentive structure aims for sustainable profitability and Qubic token deflation, with all mined coins immediately sold to execute open-market buybacks of Qubic tokens, and remaining tokens permanently burned to create deflationary pressure 1. Useful Proof of Work refers to a mining model where computational work serves a productive purpose beyond simply securing the network.
• Banxa Fiat On-Ramp Partnership: A new partnership between Banxa and Qubic was announced, enabling users to convert funds directly from a credit card into their Qubic wallet within minutes 2. This matters because it lowers the barrier to entry for non-crypto-native users by providing a fast fiat-to-Qubic on-ramp.
• Qubic-Solana Bridge: A bridge connecting the Qubic and Solana blockchains was introduced, expanding interoperability between the two networks 3. A bridge is a protocol that allows assets or data to move between two separate blockchains.

Biggest Stories of 2025

• Banxa x Qubic Partnership: Qubic partnered with Banxa to enable a fast fiat-to-Qubic on-ramp, allowing users to convert credit card funds into their Qubic wallet within minutes (December 29, 2025) 2.
• Qubic's 2026 Vision: Qubic outlined its vision for building the future of decentralized AI heading into 2026 (December 23, 2025) 4.
• Qubic-Solana Bridge: A bridge connecting Qubic to the Solana blockchain was explained, expanding cross-chain interoperability (December 17, 2025) 3.
• Qubic All-Hands Recap: Qubic held an all-hands meeting on December 11, 2025, recapping project developments (December 14, 2025) 5.
• "Hack the Future" Hackathon Wrapped: Qubic published a recap of its "Hack the Future" hackathon (December 10, 2025) 6.
• The Next Evolution of Useful Proof of Work (UPoW): Qubic formalized the economic strategy behind its UPoW model, introducing a four-layered incentive structure designed for sustainable profitability and Qubic token deflation (November 30, 2025) 1.
• "Hack the Future" Hackathon: Qubic launched its "Hack the Future" hackathon event (November 20, 2025) 7.
• EngageBot Launch: Qubic introduced EngageBot, a community engagement initiative allowing participants to earn XP, level up, and win Qubic rewards (November 11, 2025) 8.
• Qubic on DEXTools: Qubic was featured on DEXTools, described as a new era for AI-powered blockchain trading (October 31, 2025) 9.
• Qubic All-Hands Presentation Recap: Qubic held an all-hands presentation on October 23, 2025, with a recap published shortly after (October 25, 2025) 10.
• 51% Monero Network Takeover Demonstration: On August 11, 2025, Qubic achieved a 51% hashrate share on the Monero network and reorganized the blockchain as part of a planned experiment, mining 63 of 122 blocks in a specific range and surpassing its stated 51% goal. Although Qubic claimed it could control Monero's consensus, it decided not to take over the protocol's consensus "for the moment" due to internal discussions (August 12, 2025) 11.