Qwertycoin: safe, simple, seamless, secure.

saiterm (30)in #blockchain • 4 years ago

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Introduction
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Decentralized Finance
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.

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For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving on, the project I'm going to present you is Qwertycoin (https://myqwertycoin.com), a decentralized peer to peer protocol for payment and communication in a totally secure way worldwide.

Definition
Qwertycoin (https://myqwertycoin.com), is an open source project to create a decentralized digital asset, i.e. a secret and anonymous cryptocurrency, created in terms of privacy and democracy with the ability to allow anonymous peer to peer transactions through a Proof of Work mining algorithm that will also implement Proof of Stake. So a new concept of consensus algorithm unique to Qwertycoin will be created.

Objective
The main goal of the team is to create a decentralized, reliable, fast and easy-to-use blockchain service that is characterized not only by a privacy protection of its network members, but also by an abundant supply that enables a fair distribution among a large number of members

Main features

Icon	Feature	Description
	Open source platform	Decentralized based on open source cryptocurrencies.
	Decentralized community	Qwertycoin is not a private company funded through an ICO, but its development depends on the "Community" itself.
	Democracy and privacy	Members can participate in important community decisions through voting, always anonymously.
	Equal Proof of Work (PoW)	CryptoNote technology provides equal voting through the "Proof of Work" mining algorithm.
	Ultra-fast transaction	Qwertycoin technology enables very fast transaction confirmation times.
	Proof of Service (PoS)	Qwertycoin's transaction rate distribution among Masternodes is based on uptime as a measure of Service.

Bounty program
The project gives the opportunity to earn Qwertycoin tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5317033.0), where you can access the link in order to see what are the conditions to become an early Qwertycoin contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (https://wp.qwertycoin.org/). You can also stay tuned in their official Telegram Channel (https://t.me/qwertycoin). I hope you liked the post and soon I'll send you new ones.

Token details
Qwetycoin is a digital cryptocurrency designed for everyday use within the platform. Desktop/mobile/web wallets are provided for accessibility across multiple platforms as it supports simple CPU/GPU mining and masternode operations, making it very attractive.

Coin name: Qwertycoin
Barcode: QWC
Type: 0% premined decentralized community
Cryptography: CryptoNote V2.0
Proof type: EPow (Equal Proof of Work)
Mining algorithm: Cryptonight
Total number of coins: 184.47 billion

Roadmap

List	2020-2022 Events
1	EPoW implementation
2	Confidence interval moving average difficulty algorithm
3	Critical Level Impediment Failsafe difficulty algorithm
4	New block reward algorithm with consistence
5	EPoS implementation
6	New building block method (hybrid PoS/dPoS)
7	New Stake Reward Algorithm
8	Hybrid EPoW/EPoS Consensus
9	QWCX Wallet - Cross-platform Simplified Payment Verification Wallet
10	Mobile platform - Android and iOS
11	Desktop platform - Windows, Linux, MacOS
12	Web platform
13	Minimizes memory usage and launches multiple layers of mempool.
14	Smart contract implementation
15	Time-locked transactions
16	Multi-signature transactions
17	Blockchain trading