Happy to share the September monthly update! And, just to note, we usually aim to publish the updates before the end of the month in our timezone, which is US Eastern, so take this into account when waiting for the next ones. Technical During this month we have fully implemented the second computation task and the remaining details of the Superdense Consensus architecture. We have been doing extensive research and conducting many experiments to find the optimal task parameters that will be suitable for the launch, and this currently remains the only thing still blocking the testnet release of the task. We expect to finish that within the next few weeks (and hopefully earlier) and make an official testnet launch. Following that, we will start our preparation for making the task available on the mainnet. Executive As we mentioned last time, as we get closer to the release of the second task, we'll be announcing an exciting initiative focused on growing our community. A lot of internal discussions and planning is already happening behind the scenes to make it happen. We can't share much more just yet, but we'll post the full details as the release gets closer.

Here's our monthly update #3 for August, and you can expect some more announcements in the next month: Technical We are reaching the final stages of implementing Qubitcoin’s second computational task. The node’s verification and RPC capabilities have now been implemented, alongside additional features for SuperDense Consensus and expanded testing coverage. Development of the reference miner for the second task is also nearing completion. From a technical perspective, the next major milestone will be preparing for the testnet launch, where the new task can be tested and observed in a live network environment. More information, including details of the task itself and the scientific principles behind it, will be shared in upcoming announcements as we move closer to its testnet launch. Executive On the executive and community side, we hosted our first AMA with Dmitrii, moderated by Sparta. We hope the session gave the community a better understanding of the project, the team, and where Qubitcoin is headed. The team has also been working on a new community growth initiative designed to strengthen Qubitcoin’s outreach, engagement, and community operations as we enter the next stage of the project. We expect these efforts to become more visible alongside the launch of the new task and the upcoming testnet.

🔴 WE’RE LIVE! The Qubitcoin X Space AMA with Dmitrii Khitrin, Director of the Qubitcoin Foundation, is starting now. 🎙️ Join us: xitter.cf/i/spaces/1dKrPrlqjbYJX

AMA starts in 5 minutes! xitter.cf/i/spaces/1dKrPrlqjbYJX

⏳ 4 HOURS TO GO Join us today for the Qubitcoin X Space AMA with Dmitrii Khitrin, Director of the Qubitcoin Foundation. 🗓️ Today, August 16 ⏰ 2:00 PM ET See you there!

Quick correction: The Qubitcoin X Space AMA will take place on August 16 at 2:00 PM EST, not August 17. See you there! 🎙

Mark your calendars! 📅 Join us on August 17 at 2:00 PM EST for a live X Space AMA with Dmitrii Khitrin, Director of the Qubitcoin Foundation. We’ll discuss what’s next for Qubitcoin, our vision for the ecosystem, upcoming milestones, and answer your questions live. 🎙️ Hosted by @0x_Asuka Got a question? Leave it below. 👇

Monthly update #2: Technical Last month, we reported that our second quantum proof-of-work task prototype was functioning as intended. However, block-verification performance remained the main obstacle to integrating the task into the network’s current architecture. Over the past month, we made significant progress in addressing this verification bottleneck. We revised the task specification to improve verification performance while preserving the underlying quantum-computation problem at the core of the task. As the result, the versification time was reduce by more than 2 orders of magnitude. The revised specification is now undergoing further testing and benchmarking to evaluate its performance and stability. Intermediate results have been promising, and we will continue refining the specification based on the results of these tests. Executive After contributing to Qubitcoin for more than six months, Dmitrii officially joined the developer team last month and was introduced to the community. We are pleased to welcome him as we continue expanding the team. We also remain in discussions with several venture-capital investors about potential funding to support the project’s growth over the coming year. Because these discussions are ongoing, we are not yet able to provide further details. We look forward to sharing more information when appropriate.

We’ve officially surpassed 100.000 blocks. ⛏️ Thank you to everyone supporting and contributing to the Qubitcoin ecosystem!

The Qubitcoin Foundation continues to grow. Please join us in welcoming Dmitrii Khitrin as Director of the Qubitcoin Foundation. Dmitrii brings a strong background in quantum computing research, with experience at Duke University, the Duke Quantum Center and the Weizmann Institute of Science. Welcome aboard, Dmitrii!

An important milestone for the Qubitcoin ecosystem: As of June 24, 2026, the Qubitcoin Foundation has been officially established in the State of Texas. This marks an important milestone in the continued development of the Qubitcoin ecosystem. More to come! Now back to building.

We are excited to share our monthly progress update. This is the first comprehensive update of this type that we are publishing, so feel free to let us know how we can adjust the format in the future. Technical We previously announced that the first draft of the specification for our second PoW task was finalized. This task is based on the fundamental problem of quantum compilation, which is essentially concerned with changing the particular sequence of quantum gates that a circuit consists of in order to make it cheaper or more reliable to run on real quantum hardware. Quantum compilation continues to be an area of active research, and the ability to perform it well and quickly will be vital to the development of quantum software in the future. This makes it a perfect problem to be at the core of our new blockchain task, as was outlined in our previous update. During the last month, we implemented a fully working prototype for the mining and verification procedures associated with the task in its current specification and conducted extensive testing and benchmarking on that prototype. While the task concept itself proved to be viable and produced valuable data in block solutions, we encountered issues when trying to reduce the block verification time to a level suitable for the current network structure. Due to this, our research team is currently exploring ways to alter the task specification to mitigate this problem while keeping the core problem of quantum computation at its heart. Executive Throughout the last two months, our team has been in talks with several venture capital investors regarding potential funding for the team's expansion over the course of the next year. Due to the ongoing nature of these talks, the team decided not to share any additional information until the matter concludes in the coming months. Please be assured that we will share more updates with you as soon as we can.

MIT, 1981. Richard Feynman presents his paper, “Simulating Physics with Computers”, at the first Physics and Computation Conference. The paper would become one of the foundational works of quantum computing. Feynman posed a bold question: Why can’t we simulate quantum systems efficiently on classical computers? His conclusion was radical: If nature is quantum mechanical, perhaps the best way to simulate it is with quantum machines themselves. More than four decades later, that challenge remains. And fittingly, the story continues where it began: MIT.

qPoW - the architecture powering Qubitcoin. The workflow combines: * SHA3 hashing * parametrized quantum circuits * quantum sampling * classical verification The first prototype was benchmarked both on IBM quantum hardware (ibmq_quito) and classical simulators. It later became one of the foundations behind Qubitcoin’s qPoW architecture. Figure from the original research paper “Quantum Proof of Work with Parametrized Quantum Circuits“ by @MYShalaginov & @MikeDubrovsky.