What is Quip?
Quip is not a single blockchain or a single quantum computer. Think of it as two orthogonal layers that can be adopted together or separately:
Compute-Consensus Layer (Quip Network) – a new Nakamoto-style chain whose proof-of-work is a useful optimization job. This turns spare classical/quantum hardware into block-production while producing answers clients are willing to pay for.
Asset Layer (QUIP Vault & Interlock) – a post-quantum wrapper you deploy on any existing chain to lock, move, or atomically swap value without bridges. It upgrades security today without requiring any hardware or protocol changes.
These layers share the same token (QUIP) and the same validator/miner economy, but either layer can function on its own:
Only need useful-work mining? Point your QPU/GPU/CPU farm at the Quip Network; earn QUIP even if you never lock assets.
Only need PQ security? Use Vaults on Ethereum/Solana/Bitcoin with no exposure to mining.
1. Mission & Scope
Quip delivers two coupled services:
Decentralized compute marketplace – miners solve real optimization jobs instead of wasteful hashes, proving quantum advantage under a single token economy.
Post-quantum asset security – hash-based vaults wrap ECC keys with WOTS+ keys, offering drop-in protection on any chain.
The outcome? We secure existing value, monetize idle quantum-classical hardware, and fund open-source quantum research.
2. Core Components
2.1. QUIP Vault
Deposit on any chain → vault ID & first WOTS+ public key.
Each action signed with next WOTS+ key → immutable hash-chain of ownership.
Safe through host-chain reorgs; can always withdraw back to native chain.
2.2. Interlock
Two parties can perform atomic swaps across chains by cryptographically exchanging quantum-resistant private keys
With their single use keys, each party encrypts a new quip vault holding the assets they want to trade, and this begins a timer
Either both execute their half of the trade, or the expired timers allow refunds
No bridges required!
2.3. Consensus – Quantum PoW (QPoW)
Canonical chain: Random Ising models are generated using a block header
prevHash‖Merkle‖height‖addr‖keyswith difficulty determined by chain clock speedSide-chains/uncles: Jobs submitted by consumers can be included as an uncle block in any chain: different processors can mine same job class, and publish alternate solutions to validate quality
Miner must output N low-energy, pairwise-distant solutions.
Identity = {ECDSA, rolling WOTS+}; difficulty & streak bonuses bind to key.
2.4 Subnet & Pipeline Marketplace
Each arrow is pluggable; component authors earn royalties.
First subnet = Optimization (QUBO -> Ising: knapsack, TSP, SVP, job scheduling…).
Future subnets: Search, Factoring, Circuit Mapping.
User Data → Template → Graph Reduce → Embed → Algo Select → HW Select → Compute
3 Actors & Incentives
Compute Miner (CPU/GPU/ASIC/QPU)
Solve jobs, broadcast blocks
Block reward + job fees
Validator
Batch QUIP tx, finalise blocks
Network fees + emissions
Canary Node
Track reorgs, checkpoint vaults
Fees + emissions
Algorithm/Pipeline Designer
Publish templates, reducers, algos
Royalty on every call
Nominator
Delegate QUIP to validators
Share of validator yield
4 Token Economics
4.1 Supply (fixed commitments)
Investors: 15 %
Team / Ecosystem: 15 %
Community / Testnet: 10 %
Treasury & Emissions: 60 %
4.2 Utilities
Asset (Vault)
Vault deposit
Creator
Flat fee + % burn
Transfer
Sender
Flat fee → validators
Contract exec
Caller
% routed to treasury
Swap open
Both parties
Escrow (slashable)
Swap claim
Claimer
Nominal fee
Compute (Sinnet)
Job bid
Consumer
Variable fee
Block reward
Protocol
Newly-minted
Staking bond
Validators/Noms
Locked collateral
Bounty payout
Treasury
Stream release
Key points: universal denomination, predictable costs, deflationary burn, security-fee coupling.
4.3 Emission Outline
Years 0-2: heavy miner + validator issuance.
Years 2-5: taper; rely on fees & royalties.
Last updated