QI Blockchain - offers a secure and decentralized network with sustainable low transaction fees

Introduction
Blockchain technology is an advanced database mechanism that allows transparent sharing of information in business networks. Blockchain databases store data in blocks that are linked together in a chain. Data is chronologically consistent because you cannot delete or change chains without consensus from the network. As a result, you can use blockchain technology to create an immutable or fixed ledger to track orders, payments, accounts and other transactions. The system has a built-in mechanism to prevent unauthorized transaction entries and create consistency in the shared view of these transactions.

About QI Blockchain
QI Blockchain is a newcomer to the world of blockchain technology. However, in no time, he 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 does not allow 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 applications and a decentralized POW (Proof of Work) blockchain, QI is able to create exchangeable and non-exchangeable assets using the RPC mechanism. 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 using it as the primary payment method for a number of well-established I-store applications with practical use cases. Only 150,000,000 QIE coins are available, and since transaction fees are still essentially nil, using them is futuristic and feasible.

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 trade symbol "QIE". Qi is positioned for Web 3.0, Metaverse, low transaction NFT, Defi, and everything in the future. Qi solves the problem of high cost and scalability of blockchain as a layer 1 blockchain with smart contract functionality.

Qi is a newcomer to the market capable of handling 300 times more transactions per second than Bitcoin and 10 times more than SWIFT at a lower cost with a secure consensus methodology.

The Qis Ecosystem is backed by one of the largest Venture Capital funds in Africa named nReach Capitis Laysan and VortX Capital. Qi is already used as the primary payment method in several applications and has the lowest NFT market in the world with a real use case of using Qi as the native currency on their platform called Hovr which is available on the HovR site.

QI Blockchain Features
The following features make QI ideal for a variety of use cases, from supporting decentralized applications and organizations to creating a more secure and efficient global financial system.

Decentralized: The QI blockchain is decentralized, meaning that no central authority or intermediary can control or censor the platform. This makes it a very 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 changed or censored. This makes it perfect for a variety of use cases such as creating decentralized organizations, supporting financial applications, and more.
Efficient: The QI blockchain is highly efficient, with transactions being confirmed within 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 around the world. This allows anyone to access and use the platform, regardless of their location.
Security: QI blockchain uses a unique cryptographic technique which makes it very difficult for hackers to tamper with data. This makes the QI blockchain ideal for applications that need to store sensitive data.
Eco-Friendly: The blockchain technology behind QIE Coin is not only safe and efficient but also eco-friendly. Using a Proof-of-Work consensus algorithm and due to low-complexity mining, QIE Coin can run without the need for energy-intensive mining operations. This makes QIE Coin
one of the most environmentally friendly cryptocurrencies in the world.
Low Gas Cost: The QI Blockchain is a decentralized public blockchain featuring 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 perform transactions.

Problems and Solutions

Problem: Blockchain has so much to offer, but unfortunately it's still not simple enough for general adoption.
Agitate: A lot of complexity and third party software is required to interact with the Blockchain. Being able to understand the technology behind it seems like a huge hurdle.
Solution: We are here to simplify things and help you understand the technology behind the QI blockchain. We are committed to making the process as easy as possible.
Pain: Currently, creating and maintaining a blockchain is an expensive and time-consuming endeavor. It is not easy to create a blockchain in a short time.
Agitate: Barriers to entry for new blockchains are high. Marketplace users require and pay third parties to maintain Blockchain, as well as require them to set up initial smart contracts.
Solution: QI Blockchain solves this problem by overcoming this challenge: QI solves this problem by leveraging Hyperledger Besu (HLB), which is a permissionless and open source platform that stores data off-chain but verifies it using consensus on chain. This allows the capacity of the QI Blockchain to handle 10 times more transactions per second than Bitcoin and 300 times more than SWIFT.
Sick: Stuck in the traditional, centralized way of doing business.
Agitate: Through a distributed ledger, real-time data is shared transparently, and local currency is issued, which makes transactions faster and cheaper.
Solution: With the help of QI Blockchain, all parties can get rid of bank intermediaries and create a secure peer-to-peer payment system.
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 changing the information needed to verify transactions. Because QI includes a 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 that were previously difficult in closed and monolithic network models.
By leveraging the technology behind Bitcoin POW (Proof of Work), all users can participate in mining activities using a personal computer, smartphone or any other device to mine QI native coins.
Pain: Managing your own blockchain infrastructure is difficult, time consuming, and expensive.
Agitate: Wouldn't it be great if you could rely on proven blockchain technology so you could focus on your own applications?
Solution: QI blockchain technology gives you access to a ready-made distributed network infrastructure where your data is managed securely, ensuring security and privacy.
Sick: Paying expensive transaction fees and waiting for hours to complete your payment.
Agitate: Blockchains can and will be able to solve this problem in the near future.
Solution: QI is designed and built to deliver true, lightning-fast, trusted and decentralized cash transactions. QI supports many other types of blockchain technology, so third-party applications can be built on it!

Multi-currency blockchain
QI solves the problem by encrypting the identification and quantity of all assets in each transaction output, using the extension provided in bitcoin. The transaction guarantee law was extended to ensure that the total value of all assets in the resulting transaction exactly equals the total value of the input. This equity requirement is stronger than the natural monetary barrier, where output may be less than input, with the difference being collected as income by miners.

Blockchain Message
Private blockchains can provide authenticated and anonymous messages, using the same methods as the CoinSpark bitcoin protocol. There are two main uses for messaging.

First, it can be used to complete the critical context of a financial blockchain transaction, such as a contract, receipt, or invoice. Alternatively, it can be used for pure unwritten communication without related financial transactions. After all, the details in the blockchain allow the sender and recipient to verify the time and content of the written letter

QI Blockchain Benefits

Cheaper compared to other blockchains. As a profit-seeking investor, costs will not be a problem for small investors.
Real-world use will be unlimited.
Our transactions are confirmed within seconds with low fees.
The supply of coins is huge and because trees don't grow to heaven, QIs currency is very undervalued compared to BTC, ETH, Ripple, BNB, etc.
No Code Terms
The cost of excessive power, the extended pressure on the environment, the associated unfavorable media coverage, the increased centralization of mining operations, and the throughput of coffee transactions will most likely make it unsustainable in the long term.
Continuous low transaction fees even at times of high usage
Use of lightning network
One of the fastest blockchains ensuring near real-time transactions.
Transaction speed 1500-2000 tps/s

Conclusion
Given the number of strong partnerships that have formed in this ecosystem, Qi is definitely a blockchain infrastructure solution to look out for. Qi is the only blockchain the world needs to be decentralized, secure, eco-friendly and developer-friendly. Qi can be used for innovative applications in finance, web browsing, gaming, advertising, de-fi, identity management, web 3.0, metaverse, and supply chain management worldwide.

For more information;
Website: https://qiblockchain.online/
Whitepaper: https://qiblockchain.online/images/QI-blockchain_whitepaper.pdf
Twitter: https://twitter.com/qiblockchain
Telegram group: https://t.me/HovRonQiblockchain
Instagram: https://www.instagram.com/qiblockchain.online
Facebook: https://www.facebook.com/QiBlockchain
Reddit: https://www.reddit.com/r/qiblockchain/
Discord: https://discord.gg/ucGSzSp4C3
YouTube: https://www.youtube.com/channel/UCxRiEx7ywDyXp3seX8J4DdQ
Github: https://github.com/Qi-Blockchain

Author : Amild
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2583828
My QI Wallet : 0xbf00577895715883E63C6694D33dA51b1cDEBDa8