Quarashi will look and feel like a normal currency, with the difference that it is backed by a blockchain. This means that you can not spend your money twice – the system will only allow you to spend the amount of XQN equal to one unit of the currency you are paying with.
Quarashi is a decentralized, global cryptocurrency that can be easily converted into local currencies. The Quarashi platform will allow customers to use the currency to buy and sell products online.
XQN is a decentralized global cryptocurrency that can be easily converted into local currencies. The XQN platform will allow customers to use the token to buy and sell goods and services on the XQN marketplace.
Why do people want a cryptocurrency? The answer is that people are tired of being gouged by the banks, of paying exorbitant fees for things, and of being vulnerable to the whims of central authorities that can change their policies at any time, without warning or recourse.
The banks make all this possible by charging high fees and reserving their most valuable services for themselves. So what people want is a decentralized, global cryptocurrency that can be easily converted into local currencies. The Quarashi platform will allow customers to use the currency to buy and sell products online.
Quarashi solves several problems at once. One problem is making money easy to get and spend. Another is fulfilling people's desire for more privacy and freedom in their finances.
This is a little like a banknote in a wallet. You can spend it just as you would spend any other currency, but it is not the same currency. It is backed by the blockchain. This means that if you try to spend it twice, the system will reject it.
It's like a Bitcoin wallet or an account with PayPal, but instead of being backed by money you are backing a blockchain with XQN tokens. The XQN token is created when you deposit money into your wallet and can be withdrawn from your wallet just like any other currency.
You can use the XQN token to buy things on Quarashi's online marketplace using other currencies on the platform. But your wallet will need to hold a balance of XQN in order for this to work. If you want to buy something using some other currency, you will have to first convert your money into XQN and buy it from the marketplace using your XQN balance.
XQN is a digital currency based on blockchain technology. The purpose of this project is to make the Quarashi platform easy to use, and to create new ways for people to buy and sell products online.
The XQN digital currency is created in our smart contract, which is stored on the blockchain. The smart contract will automatically convert XQN into fiat money if you want to spend it outside of the platform. Quarashi allows users to transfer, exchange, or withdraw their digital currency as they wish. In addition, the Quarashi app contains an integrated wallet that can be used for making transactions in real time.
The blockchain is a tamper-resistant, decentralized ledger that is distributed to every computer in the network. It records all transactions, permanently, and is updated across all the computers automatically.
The blockchain's tamper-resistant property means that it can't be changed by operators like banks or governments; the fact that it's decentralized means that no one entity controls it. Anyone can see which currencies are being used and how much everyone owes everyone else: when someone tries to spend more than they have, their transaction isn't allowed to go through.
A lot of people who need something they can't get from a bank will find it useful to know what other people are paying with their money. As an example of this kind of application, I'll tell you about Quarashi
The blockchain is a public ledger that records every single transaction ever made. It doesn't record just transactions between two people. It records ALL transactions made in the history of the entire world. The blockchain is a kind of super-database that keeps track of everything, in perfect detail.
The only way to manipulate the system is by changing it: if you write down an additional entry to the ledger, then yes, it does count as a change and you can spend your money again. But no one else will be able to do so (because you were the first person to do it).
Now, if you think about it, this is very strange. How could everyone agree that if they take part in a transaction they are all committing themselves irrevocably? On top of that, every single transaction can be checked against every other one and every single factor involved – time, place, person – and all of this in perfect detail.
The answer is: no one can change anything in the ledger because everyone agrees on what is written there. This means that it does not matter who takes part in any particular transaction; because no one can change anything, there will always be exactly two participants – the buyer and the seller – who know everything about that transaction completely unambiguously
In the early days of the web, some people imagined a future in which everyone would be paid in bitcoins. But the internet never achieved that level of ubiquity. Instead it turned out to be a platform for selling stuff.
Now we have a new opportunity: to make money by selling stuff again, but this time using cryptocurrencies instead of credit cards.
The market for online buying and selling is huge and growing fast. The problem is that most payment systems are too slow or too expensive. There's no way that a normal website can use them to give you the ability to pay instantly with bitcoin or any other cryptocurrency, and then tell you what price you get for your product. So instead websites have to use third-party payment services like Paypal or Stripe, which have their own fees and can't offer instant purchases – or they decide not to sell anything at all.
Now there is an opportunity to create new payment platforms that are faster, cheaper and easier to use than existing options like Paypal or Stripe: they will be completely decentralized, so they don't take any fees at all (or very small ones) and they will be faster than existing systems by orders of magnitude.
More Information :
Website: https://quarashi.network/
Telegram: https://t.me/quarashinetworkofficial
Twitter: https://twitter.com/QuarashiN/
Reddit: https://www.reddit.com/user/Quarashinetwork
Author
Bitcointalk username: alextelles
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=3439380
BSC Wallet Address: 0x508B2FaB2e8864baCDc50763084B1c8503b426A9