Cryptocurrency is starting to gain a reputation as a safe haven investment, much like gold and other metals. But that’s not the only reason investors should diversify their investment portfolio with bitcoin and altcoins(QWERTYCOIN). The shock of the pandemic has prompted businesses to accelerate their digital infrastructure which includes tech-enabled and remote financial services. Virtual currencies have stepped in to fill that need. In fact, they’ve been ramping up to do so for quite some time and the pandemic has been the main accelerator. Banks are racing to roll out crypto-based services which include withdrawals, deposits, and payment transfers via digital wallets.
We are going to discuss a new project which is called QWERTYCOIN
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.
The Vision
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
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.
Consensus Related
Proof of Work (PoW) – a blockchain consensus that involves mining for a reward system and security.
Proof of Stake (PoS) – a blockchain consensus that involves staking coins as a reward system and security
Delegated Proof of Stake (DPoS) – a blockchain consensus that involves staking and delegation of rights to a designated number of nodes
Egalitarian Proof of Work (EPoW) – a blockchain consensus that involves mining for an egalitarian reward system and security.
Egalitarian Proof of Service (EPoSe) – a blockchain consensus with a combination of EPoW and Uptime Nodes for egalitarian reward system and security. Qwertycoin(QWC)’s original concept.
The 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.
About 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.
About The Listing
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.
The 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 and Qwertycoin V1.0
ROADMAP
Stage 1: Currency Application Development (2017 – By the end of 2019) - All Complete
Daemon Development and Optimization
CLI Wallet / Desktop Wallet Development and Optimization
Web Wallet / Mobile Wallet Development and Optimization
E-Commerce Plug-In Integration Development
Codebase Language Format Updated to Clang (C++ Linting)
Known bugs for Qwertycoin software and CryptoNote codebase are being patched and fixed.
Redundant and unused codes were removed.
C++ Cross-Compilation Dependency Manger [Hunter/Polly]
Codecov Implementation for Code Coverage
Travis CI and Appveyor CI - Later replaced by Github Action.
Automatic Github Release Deploy Feature.
Release of Zero GUI wallet
Release of Web Wallet and Mobile Wallet
Multi-language support for wallets
Stage 2: Currency + Application Development (2020 – By the end of 2022) - Current Phase
Consensus Update (EPoW Implementation)
CIMA (Confidence Interval Moving Average) Difficulty Algorithm - Complete
CLIF (Critical Level Impediment Failsafe) Difficulty Algorithm - Complete
New Block Reward Algorithm with Consistency - Complete
Consensus Update (EPoS Implementation)
New Block Construction Method (Hybrid PoS/dPoS)
New Stake Reward Algorithm
Consensus Update (EPoSe Implementation)
Hybrid EPoW/EPoS Consensus
QWCX Wallet - Cross-platform SPV(Simplified Payment Verification) wallet
Mobile Platform - Android and iOS
Desktop Platform - Windows, Linux, MacOS
Web Platform
DB(LMDB) Implementation
Minimize memory use and launch multiple mempool layers.
Smart Contract Implementation
Time-Locked Transactions
Multi-Signature Transactions
On-Chain Trading
Stage 3: Currency Ecosystem Development (2022 – 2024)
Invitation/Integration of Existing Commerce Applications
Commercial Chat Service (Wallet + Chat)
Email Service (Email + Account Alias)
Commerce Integration Optimization
Local Fiat Exchange Commerce
ATMs
Local Store Exchanges
Patches and Updates for All Software
Stage 4: Application Development and Deployment (2024 – Continuous)
Search Engine + Desktop/Web/Mobile Wallet
Activation of Local Fiat Currency Exchange (Stores)
Business Applications
For more information, please visit:
Github Source Code: https://github.com/qwertycoin-org
Bitcoin Talk Thread: https://bitcointalk.org/index.php?topic=2881418.0
Daemon Download for Windows, Linux and MacOS: https://github.com/qwertycoin-org/qwertycoin/releases
Desktop Wallet(GUI) Download for Windows, Linux and MacOS: https://github.com/qwertycoin-org/qwertycoin-gui/releases
Desktop Wallet(ZERO) Download for Windows, Linux and MacOS: https://github.com/qwertycoin-org/qwertycoin-zero/releases
Web Wallet: https://myqwertycoin.com
Cross Platform SPV(Simplified Payment Verification) Mobile Wallet for Android: Under development.
Cross Platform SPV(Simplified Payment Verification) Mobile Wallet for iPhone: Under development.
API Endpoint Mobile Wallet for Android: https://play.google.com/store/apps/details?id=org.qwertycoin.wallet&hl=en_US
API Endpoint Mobile Wallet for iPhone: Under development.
Explorer, Node List, Pools: https://explorer.qwertycoin.org
Master Node Map: https://nodes.qwertycoin.org
Voting Platform: https://voting.qwertycoin.org
Online Guides: https://docs.qwertycoin.org/
Community Links
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
Support & Contact Information
Telegram: https://t.me/qwc_support
Email: support@qwertycoin.org
Bitcointalk Username: Maniecool
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1692995
Telegram: @maniecool_XRM
QWC Wallet Address: QWC1fBiLgJyVQBvaqMismnFfdytaMFcJjZf3HyFAmTMQEAaAYV2f8JobGvaGiZFm1ERuN9EKCmHkMeYGVeVwuE2eAFMcjub5EW
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