IOTA is actively working on its mysterious Qubic project and is revealing more information about its roadmap that comprises of Qubic protocol and Abra language. Currently, in the green, IOTA has started this month with an upward price momentum.
Qubic protocol & Abra language
It’s been a month that IOTA spilled the secret on its mysterious “Q” project. Now, the team is back with more updates on the Qubic project that will be released on the 3rd of every month. After the months’ long anticipation of what exactly this project posses and how it can propel IOTA further forward, now, Eric Hop, the Senior Product Owner at IOTA who primarily works on Qubic is sharing a roadmap and a lot more.
According to its official website,
“Qubic is a protocol that specifies IOTA’s solution for oracle machines, smart contracts, outsourced computations, and more.”
The team is also planning an AMA (Ask Me Anything) for Qubic that is expected to be somewhere around in the July 16th week.
Qubic protocol and Abra language are the two aspects that are the focus right now. For the Qubic protocol, local Q-Tangle’s structure has been worked on which will hold the copy of all the Qubic related transactions. As for the Abra, they are working on its definition, compiler, and source code parser.
The Qubic roadmap is divided into two categories as mentioned above, however, no hard dates for the same have been set yet. For right now, the team is only focusing on providing the community with the information regarding the scope of the project and what to expect from it. Hop also cautiously put it out there that things might even change as they progress along.
As explained by the website, Qubic will enable a new type of smart contract, reward system, distributed fog computing platform, and communication in a trusted environment. For more status update, you can go here.
Currently, IOTA price is doing fairly well as it holds the position above $1. With a rise of 2.62 percent in the past 24 hours, MIOTA price is at $1.19 which is also running in the green in BTC market by 0.71%.
The world’s 9th largest cryptocurrency has a market cap of $3.3 billion while managing the daily trading volume of over $71 million. Bitfinex, Binance, and OKEx are the popular IOTA markets against USD and USDT right now.
If we take a look at the past 7 days IOTA price chart, it has been registering an upward momentum. Starting this month at $0.98, it reached $1.24 yesterday and today as well.
IOTA is constantly working on its precious Qubic project where they are also planning to run Abra in a controlled environment so that the community can soon start playing with the language. Moreover, the team is also working on real-life adoption and venturing into different sectors to expand their ecosystem.
What do you think of IOTA’s special Qubic project?
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.