Qwertycoin is the latest privacy-focused crypto-asset to join the likes of Verge Coin (XVG). The demand for privacy coins is on the increase. So, I believe that the launch of Qwertycoin as a privacy coin that is based on QwertyNote will go a long way to bolster the use cases of privacy coins.
The New Era of Privacy Coins
If there is anything that the cryptocurrency industry is known for, it is the evolution of different industries, especially as they pertain to finance.
It started with Bitcoin that introduced a peer payment system. Then, the trend has since moved from just cryptocurrency payments to privacy coins.
Today, you can feel safe when paying for goods and services online because of the groundbreaking developments made by privacy coins.
Asides from the Verge Coin (XVG), the other privacy coin you should look for is Qwertycoin.
I took some time to study the working frameworks, and I came up with the following as the potential use cases of the Qwertycoin:
1- Reinvented Privacy Coin
Privacy-focused crypto coins are not only protecting the details of your transactions. The coins are also protecting your personal information/data from getting into the wrong hands.
On the part of Qwertycoin, you rest assured of improved privacy mechanics. The most outstanding is that the traditional privacy frameworks found on Bitcoin and some other crypto-assets will not be used.
In their place, Qwertycoin deploys the CryptoNote Technology. It uses the second version of the aforementioned technology to provide maximum anonymity of transactions and personal information.
I am optimistic, just as the Qwertycoin founders are, that the CryptoNote Technology will go a long way to provide anonymous features that previous anonymous technologies lacked.
2- Community Control
Qwertycoin has some elements of centralization, and I will like you to learn about this. The centralized feature of Qwertycoin is because a central authority is required to facilitate the management and development of the broader Qwertycoin ecosystem.
To that end, Qwertycoin opted to empower the community members to be a part of the governance team. This is better than just using a centralized body that will turn back the hands of time to cause this digital asset to be centralized instead of being decentralized.
Thus, community members are allowed to carry out different activities that will aid the development of the broader Qwertycoin ecosystem. This includes contributing funds.
3- Privacy for All
There are different ways that Qwertycoin extends the privacy feature of the currency to the target audience.
The first feature is to provide all-around protection of the transaction hashes and personal information of the users.
The second is by offering an abundant supply of Qwertycoin (up to 184 billion). The reason for this is to ensure that millions of people all over the world can take advantage of the fair distribution of the coin to improve their privacy.
Conclusion
Qwertycoin is a unique contribution to the privacy coin sector of the cryptocurrency industry. By using the coin, you will increase your protection when interacting and making financial transactions on the Internet.
USEFUL LINK:
Whitepaper: https://wp.qwertycoin.org
Telegram: https://t.me/qwertycoin
Facebook: https://www.facebook.com/Qwertycoin-422694361519282/
Discord: https://discord.gg/U5amwCs
Twitter: https://twitter.com/Qwertycoin_QWC
Reddit: https://www.reddit.com/r/QWERTYCOIN/
Medium: https://medium.com/qwertycoin
AUTHORS DETAILS
Bitcointalk username- Kakal
Bitcointalk Profile- https://bitcointalk.org/index.php?action=profile;u=2767315;sa=summary