Qi Blockchain - The only blockchain the world will ever need

in #hot • 2 years ago

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About QI Blockchain

QI Blockchain is a newcomer to the world of blockchain technology. However, in a short period of time, he had managed to make a name for himself. QI Blockchain is an open source and decentralized public Blockchain. It was built using Hyperledger Besu. The QI Blockchain is an efficient, transparent and secure way to store and share data. Data is stored in a decentralized manner, which makes it impossible for a single entity to control or tamper with the data. The QI Blockchain is also scalable and can handle large amounts of data. It is a permissionless and decentralized platform that allows anyone to access and use it.

With a local currency for the application and a decentralized POW (Proof of Work) blockchain, QI is able to create both fungible and non-fungible assets by employing RPC mechanisms. For every second, QI can process 300 times more transactions than Bitcoin and 10 times more than SWIFT. Because QI is scalable, other businesses are already utilizing it as the main payment method for a number of fully established I-store apps with practical use cases. Only 150,000,000 QIE coins are available, and since transaction costs are still essentially nil, using them is both futuristic and feasible.

What is QIE?

QI is an online open source, decentralized public Blockchain platform that runs smart contracts. This contract works exactly as intended without the risk of fraud or outside interference. It is the native currency of the QI Blockchain and is used to pay for transaction fees and computing services.

QI Blockchain Features

The following features make QI ideal for a wide range of use cases, from powering decentralized applications and organizations to creating a more secure and efficient global financial system.

  • Decentralized: The QI blockchain is decentralized, meaning there is no central authority or middleman that can control or censor the platform. This makes it an incredibly secure and robust platform that is resistant to fraud and censorship.

  • Smart Contracts: Smart contracts are programs that run exactly as programmed and cannot be altered or censored. This makes them perfect for a wide range of use cases such as creating decentralized organizations, powering financial applications, and much more.

  • Efficient: The QI blockchain is highly efficient, with transactions being confirmed in seconds. This makes it ideal for applications that need to be fast and responsive, such as financial applications and games.

  • Global: The QI blockchain is available globally, with nodes running in countries all around the world. This allows anyone to access and use the platform, regardless of their location.

  • Security: QI blockchain uses a unique cryptographic technique that makes it very difficult for hackers to tamper with data. This makes QI blockchain ideal for applications that need to store sensitive data.

  • Environment Friendly: The blockchain technology behind QIE Coin is not only secure and efficient but also environmentally friendly. By using a Proof-of-Work consensus algorithm and because of low complexity mining, QIE Coin is able to run without the need for energy-hungry mining operations. This makes QIE Coin
    one of the eco-friendliest cryptocurrencies in the world.

  • Low Gas fee: The QI blockchain is a public, decentralized blockchain that features low gas fees. With QI, there are no transaction fees and no minimum balance required. This makes it an ideal platform for developers and businesses to build applications and conduct transactions.

QI Blockchain in 100 words

QI is a public, open-source, decentralized platform that runs smart contracts. These contracts are written in code and executed on the Hyperledger Besu network. The main difference between QI and other blockchain platforms is that QI can run smart contracts. QI also has its own cryptocurrency, called QIE. QIE is used to pay for gas, which is a transaction fee that miners charge for executing the contract.

The QI blockchain is different from other blockchain platforms because it is Turingcomplete. This means it can run any computer program. This makes QI extremely powerful and flexible and unleashes its potential to revolutionize the way we interact digital world.

Problems and Solutions

  1. Problem: Blockchain has so many things to offer, but sadly it's still not simple enough for mainstream adoption.

  • Agitate: A lot of complexity and third-party software are required to interact with Blockchain. Being able to understand the technology behind it seems like a major hurdle.

  • Solution: We are here to simplify things and aid your understanding of the technology behind QI blockchains. We're committed to make the process as easy as possible.

  1. Pain: Currently, creating and maintaining a blockchain is an expensive and timeconsuming endeavour. It is not easy to create a blockchain in a short span of time.

  • Agitate: The entry barrier for new blockchains is high. Marketplace users require and pay third parties to maintain the Blockchain, as well as ask them to set up the initial smart contracts.

  • Solution: QI Blockchain solves this problem by addressing these challenges: QI solves this problem by utilizing the Hyperledger Besu (HLB), which is a permissionless and open-source platform that stores data off-chain yet verifies it using consensus on the
    chain. This allows the capacity of QI Blockchain to handle 10 times more transactions per second than Bitcoin and 300 times more than SWIFT.

  1. Pain: Being stuck in a traditional and centralized way of doing business.

  • Agitate: Through distributed ledgers, real-time data is transparently shared, and local currencies are issued, which makes transactions faster and cheaper.

  • Solution: With the help of QI Blockchain, all parties are able to get rid of bank middlemen and create secure peer-to-peer payment systems.

  • QI protocol: Scalable Security Through decentralization, the QI protocol is designed to be scalable, immutable and open source. Transactions are validated by network nodes through an automated
    consensus system. Information on the Blockchain can only be updated by nodes during consensus, which prevents other nodes from altering the information needed to verify transactions. Because QI includes a common ledger that reconciles all transaction
    records, anyone can verify transactions at any time. Through automation, our unique isolation module prevents unauthorized or malicious changes to network parameters which have otherwise been difficult in closed and monolithic networking models. By
    utilizing the technology behind Bitcoin's POW (Proof of Work), all users can participate in mining activities using their personal computer, smartphone or any other device to mine QI's native coins.





Contact Information

Bitcointalk Username: Engelbert571luna

Bitcointalk User Profile:  https://bitcointalk.org/index.php?action=profile;u=3411034

QI wallet address: 0x35F2BCa907aE78ed06E7Af89D36b118C42D0640B

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