Bitcoin (BTC) has set a standard that many crypto asset classes will keep struggling to attain. For 10 years, Bitcoin has been used in several countries as a financial instrument for the payment of goods and services. The case of the man that bought pizzas with Bitcoin readily comes to mind.
With a market dominance of over 50%, it is not a surprise that Bitcoin has become one of the most trusted digital assets.
Now, there is a new digital currency that is working round the clock to attain almost the same height as Bitcoin did.
The name of the digital currency is Qwertycoin and in this article, you will learn how it is similar to Bitcoin, as well as the unique features it is bringing to the table.
NOBODY OWNS QWERTYCOIN
The first feature of this digital currency is that it is not owned by anyone. That is similar to the unknown person or persons called Satoshi Nakamoto that published the Bitcoin whitepaper before launching the Bitcoin cryptocurrency. And till today, no one has come out to claim to be Satoshi Nakamoto.
Likewise, Qwertycoin thrives on the decentralized nature of its digital currency, meaning that no individual or group of individuals has special access to the ownership.
Also, Qwertycoin operates an open-source framework that creates room for the users and token holders to create or build a decentralized digital asset that will be similar to Bitcoin.
EGALITARIAN PROOF OF WORK (EPoW)
Proof of Work (PoW) is one of the consensus algorithms used by both blockchain networks and cryptocurrencies.
The importance of this consensus mechanism is that it underscores the inputs made towards the completion of a cryptographic task.
Qwertycoin uses the Egalitarian Proof of Work (EPoW) consensus algorithm to deliver equal voting opportunities to the community members. This will work alongside CryptoNote Technology as part of the efforts from the Qwertycoin community to equalize the activities of everyone.
Worthy of mention is that the Egalitarian Proof of Work (EPoW) consensus algorithm used by Qwertycoin will use both the CLIFF Difficulty Algorithm and the CIMA to prevent manipulations when the currency is used for transactions.
FINANCIAL TRACKING
Keeping records of financial transactions and holding the transacting parties have never been as easy as Qwertycoin makes it.
This is facilitated via the transparent operations and managerial skills of the Qwertycoin community.
This implies that all the financial accounts of the broader Qwertycoin ecosystem will be controlled by the community and the details of the transactions can be monitored by every community member using a dedicated tracking key.
PRIVACY COINS TO THE FUTURE
Both our personal and financial lives need to be private. Unfortunately, the reverse is the case today whereby your personal and financial details can be leaked.
That is why I am impressed by what Qwertycoin wants to achieve by opening up more opportunities for privacy coins. The Qwertycoin (QWC) has most of the privacy coin features, including anonymity of transactions and decentralized governance.
So, would you want to become a part of the future of cryptocurrencies where privacy coins are leading – or will you keep using the traditional model that is fraught with data breaches?
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- Heroalt
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2768763;sa=summary