Hi guys! It's your favorite cryptoblogger @awolesigideon with another round of juicy crypto gossip!
I've said many times that the blockchain, by its very nature, will create real life applications that will be an important feature of everyday life. Over the past few months, next generation Cryptocurrencies have been rising up with real world applications of the blockchain which can be used by regular people.
Currently, the transaction fees of major cryptocurrencies like Bitcoin is unavoidably high as the creators have made no effort to improve upon these areas on the blockchain. This problem also limits the dynamic nature of a blockchain as the congestion and traffic on the bitcoin blockchain has made it difficult for it to be useful for anything more than a store of value. This and many other problems of the bitcoin blockchain is creating a barrier to its application for real world use.
But, innovation had led various platforms to create work-arounds for the problem that plagues the bitcoin blockchain in form of better, well suited and versatile blockchains that will bridge the gap between blockchain and real life. One of these platforms that aims to do this is Qyno.
What is QYNO?
Qyno is a blockchain-based financial ecosystem centered around Qyno Coin, a high performance digital currency. Qyno aims to bring the cryptocurrency world closer to the real world through the use of Qyno Coin, a highly applicable and adoptable digital currency. The Qyno coin, at its very core, is a digital currency based on the latest blockchain technology and network architecture, gotten from advanced developments and rigorous testing, designed to go beyond Bitcoin by providing seamless, instant, and low cost transactions secured by masternodes.
The Qyno project was created by a team of hardworking developers that seek to create the best usecase for blockchain technology application in everyday life. It was created for the purpose of becoming a reference in the blockchain financial services sector
Qyno project plans to develop tools and products that will facilitate faster, safer, anonymous, and near-zero cost financial products and services for everyone! Simply amazing!
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At its very core, the Qyno project is powered by the Qyno Coin (QNO), a digital currency based on the latest blockchain technology and network architecture that was designed to outdo Bitcoin in every aspect.
The Qyno blockchain also implements masternode to properly secure the blockchain and ensure accurate record of transactions.
Masternodes provide next-level validation for blockchain networks in ways that standard mining can not, as well as enabling functions beyond what standard proof of work algorithms are capable of. They work by hosting a wallet holding the masternode-enabled cryptocurrency within. The tasks performed by these masternodes include:
Adding layers of anonymity
Instantly sending/receiving transactions
Enabling decentralized governance models wherein masternode owners vote and make network decisions
Provide financial incentive to masternode operators by providing them a return for the number of coins staked in the node.
Interestingly, users who get into Qyno early and purchase the Qyno masternode will receive and annual ROI of a staggering 773%. Users can make passive income in a daily basis just by simply buying a Qyno masternode.
Coin Specifications
Symbol: QNO
QNO picks up where BTC left off. Due to it's elegant masternode architecture, low cost of use, and instantaneous transaction capabilities, global adoption of QNO will be rapid and steep.
Algorithm: NeoScrypt
NeoScrypt is an ASIC-resistant proof of work algorithm that it is stronger cryptographically than other hashing algorithms and is less memory intensive while providing a fair return to miners.
Type: POW + Masternode
A proof-of-work (PoW) blockchain is a system that helps to prevent denial of service attacks and spam on the network. This is done by receiving work from the service requester.
Max coin supply: 100,000,000
Max coin supply is the maximum amount of QNO coins to be minted. The supply release schedule avoids inflation while providing the network sufficient liquidity.
Block generation: 60 seconds
The block generation time is the time needed to mine a block. Block time is set as a constant to ensure that miners' computational power will not impact the security of the network.
Masternode Collateral: 5000 QNO
In order to own and operate a masternode, 5000 QNO are required as a collateral. This collateral prevents Sybil attacks on the network whereby would-be attackers are able to setup numerous masternodes and interfere with network operations.
Links
- SOCIAL MEDIA LINKS
TWITTER : https://twitter.com/QynoCoin
TELEGRAM : https://t.me/joinchat/IZPcd0TCxScf1h2eUlVK5Q
FACEBOOK : https://www.facebook.com/qynoproject/
YOUTUBE CHANNEL :https://www.youtube.com/channel/UCjbDKaCavZ4eu-UDRJKDtfw
- GUIDES
QYNO NODE SENTINEL SETUP
MASTERNODE QUICK INSTALL GUIDE - COLD WALLET
https://www.qyno.org/qyno_oneclick_cold_wallet_masternode_setup
MASTERNODE QUICK INSTALL GUIDE - Hot wallet Linux
https://www.qyno.org/qyno_oneclick_linux_masternode_setup
Single masternode on local PC (Windows) windows
https://www.qyno.org/qyno_windows_masternode_setup
Single masternode on Linux VPS (Ubuntu 16.04 x64) linuxunixtuxpenguincutetranspare
https://www.qyno.org/qyno_linux_masternode_setup