Qi Blockchain Technology

endpoet (30)in #qi • 2 years ago

The QI Blockchain Technology is the first type of blockchain. It is a new blockchain technology that can be used in the real world. These are just the few digital currencies that have decided to use the technology, but there are more to come. The main idea of the Blockchain Technology is to bring security to the digital world.

QI is the world’s first and only blockchain technology that uses quantum mechanics to deliver unbreakable encryption and true decentralization. The QI blockchain is more secure than any other blockchain. It is quantum-safe, and it cannot be hacked. It is truly decentralized, because it is impossible to control or destroy. It is quantum-encrypted, and all quantum communications are encrypted using unbreakably secure keys. It is quantum-immutable, and all data is stored in an unchangeable, encrypted state. It is quantum-elastic, and the entire blockchain is able to expand infinitely in an elastic mesh, without the need for centralized servers. The blockchain technology is gaining more and more popularity in the present days and being adopted by more and more industries.

The Qi Blockchain is an industrialization level public chain + decentralized application based on the underlying blockchain technology. QI blockchain is a public chain with a B+ design level. The QI public chain includes the transmission of smart contract and support the creation, use and distribution of digital assets. It is also a blockchain that supports the deployment of smart contracts and the development of decentralized applications (DApps). It will be able to interact with other chains through the cross-chain extension protocol. The QI blockchain will have the same consensus mechanism as NEO, through dBFT (delegated Byzantine fault tolerance). The QI blockchain will also be able to support the transfer of digital assets, digital identity registration, and the establishment of digital identities through the QI-Wallet.

Mining in QI

Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. The mining of mining is a mining calculation to solve a problem. In the field of Bitcoin mining, the process of mining is to use the computer to find the Bitcoin transaction data in the Bitcoin network and enter the transaction data into the transaction block (baseball) according to the new rules of the Bitcoin network. The difficulty of mining is to ensure that the next person who enters the data is difficult to solve the problem.

Mining is one of the most important parts of a blockchain. By Mining, we mean the extraction of cryptocurrency. In the world of cryptocurrency, there are two types of mining, namely CPU mining and GPU mining. CPU mining is the process of solving complex mathematical equations with the help of a computer’s CPU, and once the answer is found, a block is added to the blockchain. GPU mining is the process of solving complex mathematical equations with the help of a computer’s GPU, and once the answer is found, a block is added to the blockchain.