UPoW Consensus. Blockchain, a distributed ledger technology, has entered our everyday lives, revolutionizing several industries, such as supply chain management, finance, and more. Consensus mechanisms are fundamental to blockchain technology because they ensure the integrity and safety of the networks. Methods such as Proof of Work (PoW) and Proof of Stake (PoS) ensure that transactions are legitimate and that the network remains intact.
A novel idea called Useful Proof of Work (uPoW) expands upon this idea. To train Artificial Neural Networks (ANNs), for example, it harnesses the network’s processing power. Spending energy on security in the Quadc ecosystem also yields something valuable and practical.
What Is UPoW?
The novel approach known as Useful Proof of Work (uPoW) allows blockchain networks to use the energy they consume better. While conventional Proof of Work (PoW) relies on solving a random challenge, uPoW uses that energy to train ANNs. Efforts to make the network secure and decentralised through computing also advance machine learning.
Although PoW is frequently considered inefficient, uPoW makes good use of that energy. Both the network and real-world issues are addressed by it. Proof of Stake (PoS) is one alternative that uses economic incentives to validate transactions; nonetheless, it is not without its security and centralisation concerns.
UPoW Consensus stands out because it uses miners’ energy well—specifically, by enhancing AI models. Blockchain technology has made great strides forward with this feature, which serves to secure the blockchain and advance AI.
How UPoW Works
By integrating conventional mining with worthwhile activities like AI model training, Useful Proof of Work (uPoW) uses the network’s processing power effectively. To better use the network’s resources, the miners (sometimes called “computers”) execute complicated AI training tasks rather than solving arbitrary problems.
The protocol of uPoW gives the computers particular AI training jobs. These operations require a lot of computing power because they involve processing extensive databases. The training process measures a miner’s performance, and they compete to finish these tasks using the appropriate hardware and algorithms. This determines their position in the network.
The uPoW technology distributes AI duties over multiple computers, maintaining the network secure and decentralised. Because of this, no one entity can seize power. The blockchain stores all training tasks and results immutable and transparently. Ensuring confidence and security, everyone may check the procedure. Because it puts the processing power to good use, UPoW Consensus is more secure and practical.
Qubic And UPoW
Using Useful Proof of Work (uPoW), the blockchain project Qubic improves the utility and efficiency of decentralised networks. We aim to revolutionise blockchain mining by incorporating valuable functions such as ANN training, which advances both the network and artificial intelligence.
Qubic incorporates uPoW by allocating the network’s processing resources to artificial intelligence training jobs. The computers that make up Qubic’s mining network do more than verify transactions; they also use massive datasets to train machine learning models. Their efficiency and precision in AI training determine their overall performance ranking, ensuring that mining is an efficient use of energy.
By successfully securing the network and training AI models, Qubic has achieved significant strides with uPoW. They have developed a transparent mechanism to record AI tasks on the blockchain to make everything traceable and trustworthy. This kind of openness fosters trust in the community and establishes a substantial standard of responsibility.
Hosting seminars and meetups to discuss uPoW and its use cases also helped Qubic gain support from the blockchain and AI communities. These gatherings, which unite individuals, propel the growth of uPoW.
On June 28, 2024, from 5 to 9 pm, Bored & Hungry in Seoul, Korea, will host the Qubic X BAYC Banana & Burger Community Meetup. Everyone gets a banana as admission. Indulge in unlimited burgers and fries, banana-themed games, and Qubic Goodie Bags at this gathering that brings together NFT aficionados from different groups. There will be plenty of chances to create relationships and expand your network.
UPoW Benefits For AI-Based Platforms
Training sophisticated machine learning models and profound learning algorithms necessitates analysing enormous datasets and performing numerous complicated computations, which place a heavy computational burden on AI. Training gets sluggish and wasteful when there aren’t enough processing resources, which impedes AI advancement.
The Useful Proof of Work (uPoW) method uses the power generated by blockchain miners to aid with AI training. Using the existing blockchain network instead of costly, specialised supercomputers makes the training faster and more cost-effective. The distributed ledger technology’s scalability and immutability can help AI platforms train and deploy models more quickly.
Decentralising uPoW is essential. It eliminates the possibility of bias or manipulation by distributing AI training duties to a large network of miners. Maintaining trust and fairness is made possible by the on-chain transparency of blockchain technology, which records and verifies the outcomes of every training task.
UPoW Vs. Other Consensus Methods
Blockchain is enhanced with Useful Proof of Work (uPoW), which combines security with practical computation. Instead of wasting energy on intricate challenges that don’t yield results, uPoW redirects that power to things that matter, like training AI. It’s worth more and uses resources more efficiently.
While PoS and DPoS use less energy than PoW, they nevertheless pose the risk of centralization, giving power to the rich. uPoW avoids this by spreading the computing workload among an extensive network of miners, ensuring that no one entity may exert excessive influence. Integrity and transparency are enhanced by the fact that uPoW’s AI training assignments make sure the work is verifiable and transparent on the blockchain.
Conclusion
Regarding blockchain and AI, uPoW is revolutionary since it secures the network while putting computational resources to good use. Implementing uPoW, which makes blockchain more productive and decentralized, is what Qubic is doing at the forefront. By demonstrating how blockchain can evolve consensus mechanisms, they propel AI progress.
