By The Qubic Team – August 4, 2024
Welcome to the final day of 4 Days of X! This week has been transformative: we unveiled three pillars of Project X — the emission model, the CCF, and QEarn — all powered by the central protocol extension, which we introduce now.
What is the protocol extension?
The protocol extension is a major upgrade enabling computors to actively participate in Qubic’s governance by allocating a portion of their weekly emissions (currently totaling 1 trillion QUBIC) toward community-approved initiatives such as the emission model, CCF, or QEarn.
By decentralizing decision-making, computors gain autonomy in choosing which ecosystem projects to support. This flexibility ensures resource allocation can shift dynamically across initiatives according to evolving priorities, optimizing the efficiency and impact of community funding.
How the protocol extension works
- It is integrated at the core of Qubic, allowing computors to send emissions to a Qubic ID, typically a smart contract.
- At each epoch, computors vote on community proposals via wallet UIs.
- When 451 of 676 computors (quorum) approve a proposal, emissions are automatically allocated weekly to those chosen initiatives. Changes at future epochs also require quorum consensus.
Examples: Two smart contracts will be proposed—8% allocation to CCF and 15% emission reduction under the new model. Once approved, funds will flow automatically.
A new era for Qubic
The protocol extension ushers in a new phase focused on participation, flexibility, and shared responsibility. The ecosystem becomes more adaptive, with collective vision and transparent governance.
Deadlines for the protocol extension & project X
- August 8: Testing of the protocol extension
- August 16: Blog post outlining technical details of the extension
- Mid to late August: Protocol extension goes live
- September 25: First emissions reductions and funds received by CCF
