QI Blockchain is used to power tamper-proof decentralized financial contracts and applications.

sharma765 (26)in #qi • 2 years ago

Qi Blockchain is positioned for Web 3.0, Metaverse, low transaction NFTs, DeFi and everything the future holds. Qi is decentralized POW (Proof of Work) blockchain that 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.

QI is using decentralized ecosystem of blockchain technology which allows buyers and sellers to do peer to peer transactions which are powered by blockchain technology without involving third parties. In fact decentralized means you are having full control of your assets and do not depend on third parties to send or receive money. This ecosystem is more transparent and provides much faster transactions with very low cost. You can transact worldwide in an anonymous environment in a trustless ecosystem where all the mutual trust required for financial transaction is handled by the smart contracts.

This platform is using latest innovations of blockchain technology to create a sound decentralized ecosystem where you can do your transactions in a highly secured protocol. Qi is maintaining a decentralized payment network with its technically advanced computer codes that check & eradicate any sort of malfunctioning including tampering & hacking of data as well as financial assets. This project us providing extra layer of security with tamper-proof decentralized financial contracts and applications. This platform with its high scalability & security protocol is very useful 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 blockchain is a flexible smartchain that is supporting allowing its users to use all the Defi applications as this platform is providing interoperability of different smart chains. This platform is providing services in Metaverse space. Users of the platform can use Web 3 technology in its full potential and since this platform is providing real usages of NFTs in Metaverse, you can create your digital art work and then use in metaverse to acquire lands or can use in games to extra boost to clear obstacles to win the game. With its multiple usages in different blockchain sectors, QI blockchain is getting attention in the market. More and more people are learning about this project and joining it. That has increased the number of transactions on the platform. With more transactions and traffic on the platform, the liquidity level is rising. More liquidity means this platform is capable to provide best deals and full access to technology development to its users.

Decentralized apps (dApps) and smart contracts can be created and deployed with the help of QI without the need for third-party involvement, fraud, control, or downtime. That will lower the transaction cost as heavy commission are waived off and also the transactions are executed with high speed since there are no obstacles from external forces on the platform. QI is a decentralized protocol that has created a trustless environment for financial transactions You need not to know about the person to whom you are dealing with financial transactions as the required trust to execute transactions is well managed by the innovative smart contracts of the platform. The smart contracts will allow transaction execution when certain conditions are fulfilled. The data is executed in user’s account. You are not required to leave your wallet while doing transactions on this platform. Once the transaction is broadcasted & confirmed on blockchain, the nodes of the platform are storing the data in a distributed ledger. Anyone can see the processed data and the miners will make it sure that there is no duplicate transactions as such the deserving person will receive the funds.

QI platform is having its own cryptocurrency QIE. This token has real use case. QI is a potential blockchain that allows DeFi world in its potential to run in its ecosystem. Also this blockchain is Web 3 & Metaverse oriented. Different applications and tokens can be built on QI blockchain. All the applications and protocols of the platform are fully backed by QIE tokens. Holders of this token are the stake holders and they can use their token in various earning protocols like Staking, Liquidity mining and Farming to earn passive income as well as to generate high rewards on the platform.