Qi is positioned for Web 3.0, Metaverse, low transaction NFTs, Defi, and everything the future holds

opcyoladirano23 (36)in #ethereum • 2 years ago (edited)

What Is Decentralized Finance (DeFi)?
Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services

Qi Blockchain (Qi for short) is a world-leading scalable and distributed, public blockchain network with smart contract scripting functionality. Qi is pronounced “chie” with the trading symbol “QIE”. Qi is positioned for Web 3.0, Metaverse, low transaction NFTs, Defi, and everything the future holds. Qi is solving the problem of high fees and scalability of blockchains as layer 1 blockchain with smart contract functionality.
Qi is a new entrant to the market able to handle 300 times more transactions per second than Bitcoin and 10 times more than SWIFT at a fraction of the fees with a secure consensus methodology.
Qis ecosystem is supported by one of the largest Venture Capital funds in Africa called nReach Capitis Laysan and VortX Capital. Qi is already used as the primary payment method in several apps and has the world`s lowest NFT marketplace with real use cases using Qi as native currency on their platform called Hovr available on the HovR.site.
Qi pronounced Chi is usually translated as “vital life force,” but Qi goes beyond that simple translation. According to Classical Chinese Philosophy, Qi is the force that makes up and binds together all things in the universe. It is paradoxically, both everything and nothing. Qi is a decentralised POW (Proof of work) blockchain with an application native currency which is leveraging functionality of creating fungible and non-fungible assets using Remote Procedure call (RPC) methods. Qi is able to handle 300 times more transactions per second than Bitcoin and 10 times more than SWIFT. Qi is scalable hence other companies are already using it as primary payment method of several fully developed I-store apps with real use cases. There is a limited amount of only 150,000,000 Qi coins and transaction fees remain almost zero ensuring a futuristic and feasible way to transact. These coins will be mined over almost a hundred years. Qi enables the deployment of smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference from a third party. Decentralized applications—also known as "dApps" or "dapps"—are digital applications that run on a blockchain network of computers instead of relying on a single computer. Benefits of dApps include the safeguarding of user privacy, the lack of censorship, and the flexibility of development. The use of blockchain enables a dApp to process data through distributed networks and to execute transactions. Qi can be used for a wide variety of innovative applications in finance, web browsing, gaming, advertising, de-fi, identity management, web 3.0, metaverse and supply chain management all over the world.
Why QI?
Qi is a decentralised POW (Proof of work) blockchain with an application native currency which is leveraging functionality of creating fungible and non-fungible assets using Remote Procedure call (RPC) methods.

Qi is able to handle 300 times more transactions per second than Bitcoin and 10 times more than SWIFT.

Qi enables the deployment of smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference from a third party. Decentralized applications—also known as "dApps" or "dapps"—are digital applications that run on a blockchain network of computers instead of relying on a single computer. Benefits of dApps include the safeguarding of user privacy, the lack of censorship, and the flexibility of development. The use of blockchain enables a dApp to process data through distributed networks and to execute transactions. Qi can be used for a wide variety of innovative applications in finance, web browsing, gaming, advertising, de-fi, identity management, web 3.0, metaverse and supply chain management all over the world.
Blockchain comparison
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Benefits of QI Blockchain
Cheaper compared to other blockchains. As an investor looking to make a profit, the cost will not be a problem for small investors.
The use in the real world will be limitless.
Our transaction is confirmed in a few seconds at a low cost.
Bulk supply of coins and as trees dont grow to heaven, QIs currency is greatly undervalued compared to BTC, ETH, Ripple, BNB, etc.
No Stipulation code
The excessive strength cost, extended pressure at the environment, related unfavorable media coverage, growing centralization of mining operations, and coffee transaction throughput will in all likelihood make it unviable within the lengthy run
Sustainable low Transaction fees even in times of high usage
Use of lightning network
One of the Fastest blockchains ensuring almost real-time transacting.
Transaction speed of 1500-2000 tps/sec
Mining in QI
As a private blockchain, there will not be too many miners in the network, so hashing power will be low. Because of this, you can mine with a simple CPU and very small resources. QI uses this system using a parameter called mining diversity, which restricts mining diversity ≤ 1. The mining diversity parameter describes the robustness of the system The legitimacy of the block is guaranteed as follows
Apply all the permissions changes defined by transactions in the block in order.
Calculate the number of permitted miners defined after applying those changes.
Repeat the miners with a variety of mines, collecting to find space.
If a miner of this block has excavated one of the previous space blocks 1, that block is invalid. This enforces a round-robin schedule, in which the permitted miners must create blocks in rotation in order to generate a valid blockchain
Multicurrency blockchains
QI solves the problem by encrypting the identification and quantity of all assets in each transaction output, using the extension provided in the bitcoin. The transaction guarantee law is expanded to ensure that the total value of all assets in the transaction results is exactly the same as the total value of its input. This equity requirement is stronger than the natural monetary barrier, where the output may be less than the input, with the difference collected as revenue by the miners.
Conclusion
Given the number of strong partnerships that have been formed in this ecosystem, Qi is definitely a blockchain infrastructure solution to look out for. Qi is the only blockchain that the world will ever need to be decentralized, secure, eco-friendly, and developer friendly. Qi can be used for a wide variety of innovative applications in finance, web browsing, gaming, advertising, de-fi, identity management, web 3.0, metaverse, and supply chain management all over the world. #qi #qie #foxcampaigns #qiblockchain #web3 #crypto