- ✓All of the network’s components are live: Quip Accounts, QuipSwap, Node Manager, both compute subnets on the public testnet, and the recently launched QVM.
- ✓The last major step is an external security audit of the Quip chain’s code and publication of the findings. Mainnet follows the audit, and TGE follows mainnet.
- ✓Quip Accounts, QuipSwap and Quip Points, now on separate sites, are coming together in one unified app that opens soon, with your balances across networks, an order book for swaps and your points in one place.
- ✓The Quest and Mindshare points campaigns are concluding, and your final totals will show on each campaign’s site and in the unified app. The current Quip Points campaign has its own allocation of QUIP tokens, as does each earlier campaign, so it doesn’t reduce what you’ve already earned.
The QVM, which runs quantum smart contracts, launched most recently, marking our last milestone. Every component of Quip Network that was blocking mainnet is now live and in use. One major step remains: an external security audit of the Quip chain’s code, with mainnet and TGE to follow.
“Thank you to everyone who signed in and kept real value in a post-quantum account, ran a node on testnet, bought quantum randomness, or put a swap through QuipSwap, and to all y'all who explained post-quantum cryptography and quantum advantage to people who had never heard of a qubit. Every part of the network needed extensive testing before mainnet, and you were all part of that. Everything you’ve been testing is part of a cohesive whole that goes live at mainnet.”
Colton Dillion CEO and co-founder
Building a network that protects assets on chains we don’t control, and pays operators to run quantum workloads, means getting security and performance right before the Quip chain carries anyone’s money, and that takes time. With the QVM live, that work is down to one major piece, the chain audit.
What’s live
Quip Account. Keeps assets post-quantum protected on every supported chain, because moving them takes a signature from a quantum-resistant key as well as the external chain’s default key.
QuipSwap. Swaps assets across chains straight between two wallets, with no bridge, no oracle, and no wrapped asset that can be compromised by malicious quantum miners. It is live on Base, with other EVM networks phasing in.
Node Manager. Runs the miner and the validator in one app.
Subnet 1, Quantum Optimization. Handles routing, scheduling, portfolio allocation and risk modeling on quantum annealers and classical hardware, live on public testnet.
Subnet 2, Quantum Randomness. Serves certified randomness from quantum hardware through QVRF, which a customer can verify and we can’t predict, and has been live on testnet since the QVRF launch in September.
The QVM. Runs quantum smart contracts through XQuad, the toolchain developers use to model optimization problems in Python and send them to the network.
“The Quip Account, QuipSwap and Node Manager each solve a different engineering problem, from protecting assets on chains we don’t run to paying operators for quantum jobs, and we tested them each on their own. Now that the QVM is live, quantum contracts send jobs to subnets and the compute marketplace settles over QuipSwap, so each product also integrates fully with the others under unified real-world usage. The external security audit of the Quip code is the last major step before mainnet.”
Dr. Richard Carback CTO and co-founder
With the QVM live, quantum contracts dispatch jobs to the subnets, and operators pick that work up through the Node Manager. Paying an operator usually means paying across chains, so the compute marketplace settles over QuipSwap.
One app for your account, swaps and points
We built Quip Accounts, QuipSwap, and the points program at the same time so you could use each one as soon as it was ready, and they ended up spread across separate sites. While that meant we got them tested sooner, it left you moving between sites for things that belong together, and a lot of you told us it was hard to keep track of what lived where. You were right, so we’re pulling all three into one unified app, which opens soon.
The sidebar in the unified app will have an Order book that lists open swaps and how the rate on each compares with the market, and a Points page with the daily sign-in card, the tasks, the leaderboard and your points from earlier campaigns. When it launches, the sites you use now for your account, Quip Points and swaps will redirect to it. We’ll keep improving the app as more feedback comes in.
We’re concluding the Quest and Mindshare points campaigns, and both will have ended by the time the unified app opens. Thank you to everyone who took part in them. We’re tallying their points now, and your final totals will show on each campaign’s site, quest.quip.network and mindshare.quip.network, as well as in the unified app. Your points from the wallet launch campaign, which has already ended, will also show in the unified app.
Left before mainnet
The chain audit covers the proof-of-useful-work mining and the compute marketplace, the job market where users post problems with a reward and solvers are ranked and paid; how the chain uses hybrid signatures; the construction of Quip’s pallets and runtime; and pqhybridsign, the open-source library that implements the hybrid signatures. The chain replaces every standard signature with a hybrid one, a classical signature paired with a post-quantum one, and the audit checks that both halves are required everywhere the chain checks a signature.
An outside auditor, Oak Security, has already reviewed the swap contracts, the hash-based signature verifier stack and the smart-account suite, and in September it published the full report with every finding. The chain audit covers the code that Oak Security did not review. The scope is written, the code is being prepared for review, and we will publish the findings as we did for Oak Security’s results.
Final thoughts
Until mainnet, you can keep helping us test the network through the Quip Points campaign, which awards points for signing in daily, holding quantum-resistant assets, running a node, referring new users, and swapping on QuipSwap, including paper swaps, the practice swaps that move no funds. The rates and rules are on the Quip Points page. Every campaign has its own allocation from the 10% of the QUIP token’s initial supply set aside for community programs, so this one doesn’t reduce, dilute, or reallocate anything earned in an earlier one.
Mainnet closes this stretch of the work, but it’s only the end of the beginning for us. 🦋
FAQ
Will my points convert to QUIP at TGE?
Yes, based on where you finish on the leaderboard. Each campaign’s share of the community allocation will be set at TGE. We haven’t published any campaign’s share or a conversion rate, so a figure you see quoted elsewhere didn’t come from us.
Does Quip Points dilute what I earned in an earlier campaign?
No. Each campaign has its own allocation, so Quip Points doesn’t reduce, dilute, or reallocate anything you earned before it.
What happens to my Quest and Mindshare points?
They still count. Both campaigns are concluding, and once we’ve tallied their points, your final totals will show on each campaign’s site and in the unified app. Each campaign’s points convert at TGE from the allocation set aside for that campaign.
What’s left before mainnet?
Now that the QVM is live, the last major step is an external security audit of the Quip chain. It will cover the mining, the compute marketplace, the hybrid signatures and the rest of the chain’s code, and we’ll publish the findings.
So when is TGE?
Soon™. Follow @quipnetwork for the latest updates.
