Full reivew Qi Blockchain

in #hot • 2 years ago

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In response to the collapse of the global financial industry in 2008, an individual or organization named Satoshi Nakamoto developed a protocol for a peer-to-peer electronic cash system. This protocol became the basis for distributed ledgers known as blockchains. Blockchain is a bit like a global spreadsheet or ledger. Blockchain allows one person to securely send money to another without going through a bank or financial service provider. From a business perspective, it would be helpful to consider blockchain technology as a kind of next-generation software to improve business processes.

Currently, the Blockchain network seems to be accelerating in terms of economic development. An innovation created in 2009 to help Bitcoin is now the dominant technology.

Blockchain is being used in a variety of industries including healthcare, justice, supply chain, and logistics. Blockchain-based applications are improving the cryptocurrency sector by enabling seamless trading of cryptocurrencies while maintaining transparency. The demand for blockchain platforms will continue to grow to build a blockchain-based ecosystem safely and quickly. Therefore, we bring you a QI blockchain with high transaction speed, suitable for the fastest transactions and will become the currency and basis for Metaverse and Web 3 and the second industrial revolution private.

What is QI Blockchain?

Qi Blockchain (abbreviated as Qi) is the world's leading scalable and distributed public blockchain network with smart contract scripting functionality. Qi is pronounced "chie" with the commercial symbol "QIE". Qi is positioned for Web 3.0, Metaverse, low-trading NFT, Defi and everything in the future. Qi solves the problem of high fees and scalability of blockchains as a layer 1 blockchain with smart contract functionality.

Qi is a new entrant to the market that is capable of processing 300 times more transactions per second than bitcoin and 10 times more than SWIFT for a small fee with a secure consensus method.

The Qis ecosystem is backed by one of the biggest venture capital funds in Africa called nReach Capitis Laysan and VortX Capital. Qi is already used as a primary payment method in a number of applications and has the world's lowest NFT market with real-world use cases.

use Qi as their native currency on a platform called Hovr available on HovR.site.

Why Qi?

Qi is a blockchain with a complete infrastructure that allows any application in the world to be built on it, providing a secure, decentralized network with indescribably low, flexible transaction fees. almost $100 on other blockchains

Blockchain innovation and real-life use cases are just getting started, and QI is the pick and shovel for all of this on a global scale.

QI has been integrated into a number of real-world applications as the primary payment method.

Countries can create their own digital currency on QI.

Entire backend and stock exchange or big database can be updated and managed on QI for more transparency

Improve record keeping and avoid double counting

QI is designed to optimize and automate processes with countless use cases in banking, finance, supply chain management, and more.

Qi does not harm the environment, allows mining on home PCs, ensures that everyone in the world has an equal opportunity to receive their QI and remains truly decentralized.

In a few years, you'll be able to pay for purchases through phone apps and online services during QI.

Mining in Q

Since it is a private blockchain, there won't be too many miners on the network, so the hash power will be low. Therefore, you can mine with a simple CPU and very few resources. QI uses this system by using a parameter called mining diversity, mining diversity limit ≤ 1. Mining diversity parameter describes how robust the system is. The block legitimacy is guaranteed as follows.

Apply all permission changes identified by transactions in the block, in order.

Calculate the number of miners allowed to be determined after applying these changes.

Repeat miners with different mines, collect to find out locations.

If the miner of this block has mined one of the previous 1 space blocks, the block is invalid. This provides a cyclical schedule where allowed miners must generate blocks one at a time to create a valid blockchain.

Multi-currency blockchains

QI solves the problem by encrypting the identity and quantity of all assets in each transaction using an extension powered by bitcoin. The Transaction Guarantee Law is extended to ensure that the total value of all assets in the outcome of a transaction is exactly the same as its total input value. This requirement of fairness is stronger than a natural currency hedge, where the output may be less than the input and the difference is earned by miners.

Blockchain Messages

The private blockchain can provide authenticated and anonymous messages using the same method as the CoinSpark bitcoin protocol. There are two main ways to use the messaging feature. First, it can be used to supplement the important context of a blockchain financial transaction, such as a contract, receipt, or invoice. In addition, it can be used to exchange information in plain text with no financial transactions involved. In any case, details in the blockchain allow senders and recipients to verify the time and content of written emails.

Benefits of QI Blockchain

Cheaper than other blockchains. As a profit-seeking investor, costs will not be an issue for small investors.

The real-world uses would be limitless.

Our transactions are confirmed in seconds with low fees.

Bulk money supply, as well as no growth to heaven, QI tree currency, undervalued compared to BTC, ETH, Ripple, BNB, etc.

No deal code

High cost of durability, persistent environmental pressures, leading to unfavorable media coverage, increased focus on coffee mining and transaction throughput will most likely makes coffee unfeasible for a long time

Inference

Considering the number of strong partnerships already formed in this ecosystem, Qi is definitely a blockchain infrastructure solution worth considering. Qi is the only blockchain in the world that needs to be decentralized, secure, green, and developer-friendly. Qi can be used for a wide range of innovative applications in finance, web browsing, gaming, advertising, de-fi, identity management, web 3.0, metaverse and supply chain management around the world.



Contact Information

Author: hoacomay1992

Bitcointalk profile:  https://bitcointalk.org/index.php?action=profile;u=2593708

Wallet address: 0x5E2b16194357cd8d300A658bfa70049826806029

2 years ago in #hot by
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