The Quarashi project is a decentralized payment system. The platform will allow customers to use the currency to buy and sell products online, and the company has already developed an online marketplace with the possibility of using XQN as a payment method.
The Quarashi project is a decentralized payment system. The platform will allow customers to use the currency to buy and sell products online, and the company has already developed an online marketplace with the possibility of using XQN as a payment method.
The XQN token is issued on the Ethereum blockchain and can be easily converted into local currencies.
Quarashi will be an e-commerce platform that supports cryptocurrencies. As a currency, Quarashi will follow the same rules as any other currency. You can only spend XQN if you own XQN. And if you are paying in XQN and want to pay something in cash, you'll need to pay for it in XQN first
When the world is flat and everyone can communicate with everyone else, it will be important to have a system that facilitates trust. As people do business on the Internet, they have come to expect a certain level of security – neither as good as physical cash, nor as bad as giving your credit card details over the phone.
Quarashi will provide security comparable to physical cash, with one significant advantage: you can use your Quarashi wallet in any country in the world. Because blockchain – the technology that runs Quarashi – is decentralized and independent of any single company or government, nobody can shut down access to Quarashi without shutting down access to all of the blockchain services.
Quarashi has been created by an XQN Foundation team with extensive experience building and supporting distributed systems. The company is currently located in San Francisco, California.
Cryptocurrency is most commonly associated with the idea of a global currency. But a global currency does not have to be decentralized. A decentralized currency means that there is no central authority – no person, company or country – that can issue it. The United States has its own legal tender bill (the dollar), but is otherwise not a centralized government.
For example, Bitcoin is not a global currency; it is only a currency that, like other currencies, can be used in any country where people speak English and accept the same rules of financial exchange.
But what if you could give out money just like the dollar? What if you could create your own cryptocurrency as easily as you make new pieces of software?
The blockchain is a decentralized distributed ledger that records all transactions. This makes it harder to cheat other people.
Blockchain technology was created by Satoshi Nakamoto, the pseudonym used by a group of people who are likely to be either one person or a group of people. The Bitcoin blockchain is the most famous, but many other cryptocurrencies use it too: Ethereum, Ripple, Litecoin and others.
As the name suggests, there is no central authority in charge of the system; instead, all the information about each transaction is kept on every computer in the network. The most important thing here is that you can see how many times something has been spent (and if it hasn't been spent yet). This makes it easier to verify that you have not been cheated or robbed.
In the future, the blockchain will be a big deal in many fields. Companies will use it to run their internal systems and make their transactions secure, and the currency on which they'll be based will be traded on exchanges.
But probably the most important use of the blockchain will be in finance. People doing business online, or buying things from each other, will want to keep track of every transaction. And there's no way to do that without using a blockchain.
It's hard enough to keep track of money when you have it in your checking account at a bank. But for something as complex as a human being, where even the smallest change of price can have wide-ranging consequences, it's impossible. And so people who need to keep track of things like profits or debt will have to keep them on computers instead – an expensive proposition.
There are already some companies that use a blockchain to keep track of things like car mileage: BMW has used one for over a decade, and one major oil company plans to use one within six months.*
Blockchain technology is a real breakthrough. It is the first time that any kind of distributed information technology has been applied to money. The blockchain allows people to transfer money from one place to another without any third party taking a cut.
In this way, the blockchain makes it possible for every transaction to be traceable by its origin and its intended recipient, eliminating the need for central bank control and removing the risk of fraud. Beyond these advantages, blockchain technology also offers protection against accidental loss or theft of funds, as well as the reassurance that valuables are securely stored until exchanged at their destination.
This new technology will transform many industries, including banking and credit cards, online payments and even stock trading.
It is not possible to predict in detail how different industries will be affected by blockchain technology- but it is possible to foresee some broad trends. For example, blockchain will transform banking by reducing costs, streamlining processes and passing on benefits to customers through lower fees and greater transparency of transactions.
The use of blockchain in financial services will make all transactions cheaper – but only if banks can find ways to avoid being taken over by software that can do their job better than they can.
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: suretsukha
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=3440124
BSC Wallet Address: 0xBae7fb8ab7F005d6a2dc94a6f222B5a8271Fdb7d