Introduction to Qiblockchain

amedon (29)in #qi • 2 years ago (edited)

Qiblockchain

                                        BLOCKCHAIN

What's Blockchain

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.
A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT).
Through the years blockchain technology have imparted positive to way of life through major ways like
_ Increased Security
_ improved Transparency
_ Faster Transactions
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                        CRYPTOCURRENCY 
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What's cryptocurrency_ Is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
"decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"

DeFi_ 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.

                                   QIBLOCKCHAIN / Qie Token

QI is a public, open source, decentralized platform that runs smart contracts. These contracts are written in code and run 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 the transaction fee that miners charge to execute a contract. The QI blockchain is different from other blockchain platforms because it's Turing complete. This means that it can run any computer program. This makes QI very powerful and flexible and brings out its potential to revolutionize the way we interact with the digital world.

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.

                            What is QIE?

QI is an online open source, a decentralized public Blockchain platform that runs smart contracts. These c ontracts function exactly as intended without the risk of fraud or outside meddling is the native currency of the QI Blockchain and is used to pay for transaction fees and computational services.

Importance of Qi Blockchain

Decentralized: There is no chance of failure or control. The network is resistant to censorship and fraud.
Secure: QI Blockchain is immutable, and the data stored on it is tamper proof.
Transparent: All transactions on the QI blockchain are public and transparent.
Open source: development.
Flexible: The QI blockchain is open source, and anyone can contribute to its The QI blockchain can be used to develop a wide range of decentralized application
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            QIE TEKNOMICS AND HOW TO ADD TO METAMASK 
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Blockchain name. Qi
Token name. Qie Token
Token symbol. Qie
Total Supply. 150,000.000
Blockchain Name : qi-blockchain
Chain Id : 9732
RPC URL : http://3.84.94.171:8545
Symbol : qi
Explorer : https://mainnet.qiblockchain.online/explorer/explorer

Conclusion.
The word 'QI' is the power that creates and unites. It is the basis of everything in our world, including living things, places, and everything in between. QI makes up who we are, where we come from, and where we're going. I t is what compels us to connect with one another and gives meaning to our lives. The name QI pronounced as 'Chi' is typically interpreted as "vital life power," but really, it's so much more than that. It's the energy that connects us all from our pasts About QI Blockchain to our futures

Token live at Xt.com