INTRO:
Hello guys, now I will discuss or review a little about a very great and extraordinary project of this year, and hopefully by reading this article, we can get a little idea about this project. And this project is Qwertycoin. Qwertycoin is a real decentralized Cryptocurrency community, because the cryptocurrency and blockchain industry is growing rapidly in 2020. The top two assets are: Bitcoin (BTC) and Ether (ETH). Whereas Cryptocurrency itself is a project that will become a source of decentralized funding in the Cryptocurrency world community. For more information, you can directly contact this link: https://qwertycoin.org/
ABOUT QWERTYCOIN:
Qwertycoin is a real community cryptocurrency, a decentralized digital asset, like Bitcoin. It is based on CryptoNote Technology V2.0. Nobody owns or controls Qwertycoin. It allows anonymous and trustless peer to peer transactions through a fair ASIC-resistant PoW mining algorithm and will implement EPoSe, a new algorithm concept exclusive to QWC.
PLAN:
- Reliable and easy to use/user-friendly blockchain service
- Decentralized development from crowd efforts and funding
- Privacy protection for the members of its network
Abundant supply to allow a fair distribution among a large number of members - Some of the main features of Qwertycoin include
On-chain privacy
On-chain voting
On-chain trading
Genesis Reference Block
Only eight decimal places
Fast transactions
User-centric developers
Encrypted Blockchain Messenger
Easy to mine and fair rewards
Easy to use
Amazing community
Ultimate Project Goal
Development of User-Friendly Wallet Software for Desktop/Mobile Computers, Web and Mobile Phones
Q-Life app with chat + wallet + crypto exchange + store locator
Robust Network (< 50 PPM Blockchain Split) with Blockchain/Network Monitoring Tool for all users
Network Explorer feature that allows monitoring of blockchain
User Population over 1 million
E-Commerce/Woo-Commerce Integration + Local Stores as Fiat Exchange
TEAM ENVISION:
Qwertycoin (QWC) team envisions the future of finance relies on distributed ledger technology, the blockchain. Unlike traceable bitcoin, QWC developers applied Cryptonote Technology V2.0, which has been verified to provide anonymity of users from the earlier generations of cryptocurrencies. Everyone is free to join all QWC network and use its services at a low cost.
However, QWC requires a central authority for the development and the management of QWC network and blockchain. Community engagements and donations are necessary to keep the development moving forward. QWC team operates under the unanimous consensus of transparent management for all its members.
QWERTYCOIN AND DEFI:
Qwertycoin is a technology-based ecosystem that introduces new decentralized financial services designed using flexible blockchain technology with full control for users. Various activities and interactions of its users on the Qwertycoin platform are carried out mechanically using a multi-functional algorithm on a platform designed within the Qwertycoin ecosystem. Users can use this platform for various Decentralized economic transaction processes with a healthy and effective scheme. In the Qwertycoin ecosystem of DeFi services such as Mining Pool, Trading, Governance and other features that are being developed.
Qwertycoin creates a new platform technology framework where it will be effectively configured which allows compatibility to various components and the integration of other systems through Blockchain technology. Their Framework will use sophisticated smart contracts which are well audited ensuring safety, reliability, effectiveness and safety for their users. Its main function is to ensure transparency and security, with the aim of becoming a new DeFi Ecosystem operating safely and effectively.
FUTURE WITH QWERTYCOIN:
Qwertycoin team imagines the future of finance depends on distributed ledger technology (DLT), thus Qwertycoin blockchain is not at all like that of the traceable bitcoin as QWC engineers applied CryptoNote Technology V2.0, this technology has been confirmed to give anonymity to clients from the prior ages of cryptocurrencies.
Everybody is allowed to join all QWC network and utilize its services effortlessly. Notwithstanding, QWC requires a focal expert for the turn of events and the administration of QWC network and blockchain. Community commitment and gifts are important to keep the improvement pushing ahead.
EPoW:
QWC is introducing Proof of Equal Work (EPoW) for the first time in the blockchain space to protect the blockchain from known majority attacks and double spend attacks. This is also the first step towards the EPoSe consensus.
The core team found fundamental flaws in the original CryptoNote Proof of Work because it allowed miners, especially influential groups of miners, to obtain more coins. Additionally, the difficulty algorithm (DA) has not been carefully designed to cover the many different situations that have changed since the release of the CryptoNote white paper.
EPoW for QWC greatly improves Byzantine error tolerance in PoW consensus.The EPoW reward algorithm is designed so that any fake extra time posted by a malicious actor is penalized for every second compared to releasing a new block with a shorter time stamp for the next block. There are simply no incentives for malicious actors to do this.
QWC introduces a new block reward algorithm that uses a time-based factor called "consistency". This factor is multiplied by the standard CryptoNote (CN) block reward equation for adjusting block rewards.
LISTING PLAN:
In the early stage, QWC experienced issues with exchanges (Octaex(China), Crepcoin Exchange(Decentralized), Altex Exchange(Decentralized)) arising from various factors such as delays or lack of support, site shut downs and service terminations, which caused damages to QWC members.
From past experience and failure to select proper exchanges for trading, the listing strategies for QWC are the followings:
To have as many trading pairs as possible across multiple platforms
To be listed on exchanges a verified business entity with a registration with transparency, reputation, volume and history
To be listed on market tracker websites for broaden market exposure and bring awareness
Crex24 / Estonia: Funded by the QWC Team [BTC]
BitexLIVE / Turkey: Funded by QWC Team [USDT]
Fedlio / Singapore or Seychelles - Funded by QWC Team [ETH / BCHABC / DASH] - Warning regarding withdrawal issue!
Bisq / Decentralized - Promoted by QWC Team [BTC] - Requires activation cost.
Bituan / China: Promoted by QWC Chinese Community [USDT]
Citex / Korea: Promoted by the Chinese QWC Community [BTC / ETH]
QBTC / China: Promoted by QWC China Community [CNYT]
Tyche / Unknown - Promoted by QWC Team [ETH / USDT / DOGE / TEX]
Altilly / HK - Funded by Team QWC [BTC / ETH / DOGE / XQR]
BKEX / - Promoted by the Chinese QWC Community [BTC / ETH]
Becoin / - Promoted by the Chinese QWC Community [BTC / ETH]
Members of the QWC community should be aware that the listing contract can be canceled if there is not sufficient trading volume.
QWC TOKEN:
QWC Token is the native currency that will be used in the DeFi Qwertycoin ecosystem. This token will be based on Ethereum Blockchain technology with its effective Smart Contract feature, enabling various financial processes in their ecosystem effectively, automatically and cheaply. Users can use QWC as an exchange tool for various things in their Ecosystem such as mining pool.
Therefore, QWC Coin is the native cryptocurrency of theQwertycoin ecosystem. QWC tokens optimize liquidity, a feature that will play a key role in the overall liquidity control of the exchange when exchanging various coins. Users will spend their QWC tokens in real-time transfer, which ensures they don't need to sell tokens to buy something.
Specifications:
Total supply of coins: 184.47 billion
Current block time: 120 seconds -> 20 seconds
Time for transaction hashes: instant (<4 seconds)
Main design: CryptoNote V2.0 - forked from Bytecoin, Monero + Karbowanek + Digitalnote
AUTHOR:
Forum Username: CaCO3
Forum Account Link: https://bitcointalk.org/index.php?action=profile;u=2884658
Telegram Username: @Morinhon
ETH Address: 0x50eebe8175b40d0f581e2f7b740b7476ef9aaa00