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IOTA Teases Upcoming Project Q In New Animation Video

IOTA has been of the cryptocurrencies that have gotten a ton of media attention in the last couple of months, throughout this time, many have been anticipating their Project Q which has been kept a secret since it was announced. 

Months after the IOTA Foundation announced the secret Q Project, we finally received some insight yesterday in a video released by the IOTA Foundation. The Q Project which we now know through their website is called the Qubic introduces new advanced features to the already powerful protocol IOTA.

Despite not providing any specific information or technicalities, the video reveals that smart contracts, oracles, outsourced computations and currency conversions are coming to the protocol. Some even speculate that a crypto exchange is being created within Qubic, but this is obviously not confirmed as we have nothing but the video to go off.

At the end of the video, a message says “More details on 03-06-18“, which could indicate that a full white paper or similar document will be released on that date.

Following the release of the Qubic video, the price of IOTA rose from $2.33 to $2.66 within an hour but slowly fell down to $2.37, which is the price of IOTA at the time of this writing.

Watch the full reveal video here: https://qubic.iota.org/

 

Image source: https://qubic.iota.org/

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