Introduction
Hello friends, this time I will discuss or review a little about a very great and extraordinary project 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/https://qwertycoin.org/
About Qwertycoin
Qwertycoin (Ticker: QWC) 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.
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
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
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.
[Figure 1. Total QWC in Circulation per Bloch Height]
[Figure 2. Total QWC in Circulation per Date]
Hello friends, this time I will discuss or review a little about a very great and extraordinary project 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/https://qwertycoin.org/
About Qwertycoin
Qwertycoin (Ticker: QWC) 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.
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
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
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.
[Figure 1. Total QWC in Circulation per Bloch Height]
How to Get Coins [Mining]: Egalitarian Proof of Work (EPoW – Cryptonight Based Variant)
The word egalitarian stands for providing equal rights and equal opportunities. QWC network is an open source and is driven by community members. Anyone can join and support the network and get coins as compensation to their support through mining. Cryptonote Technology V2.0 has a built-in block reward system called emission rate. It is a shape of log function and, because of its original design, QWC block rewards will reduce by each block found and eventually reach a point called ‘tail emission’. QWC has an emission factor of 19. Please refer to below graphs to see how block rewards are reduced over time.
[Figure 3. Block Reward Reduction per Block Height]
[Figure 4. Block Reward Reduction per Date]
History of Mining Algorithm Changes
Transition from EPoW to EPoSe in QWC Network
As with any other blockchain technologies, QWC block height will increase over time, which also results in the blockchain data file growing continuously in a linear trend. With block time of 120 seconds and 1 MB block size, QWC blockchain size can increase close to 4 TB at 99.95% QWC circulation rate. Even after considering the storage capacity of consumer PC market is currently averaged at 500GB, the size of full blockchain data can be a problem for new users of QWC blockchain. Eventually, the users of desktop wallet software are expected to connect their wallet software through remote nodes to reduce the percentage of their local hardware resource usage, while having an option to download the complete QWC blockchain data and sync in their local computers.
QWC team also realizes that
1. block rewards against energy consumption for EPoW mining process will become inefficient for the network and harmful to our environment in the later stage of QWC blockchain.
2. mobile wallet application will require remote nodes (without downloading blockchain file) for transactions.
Therefore, it is inevitable that QWC blockchain algorithm has to shift from individual miners(EPoW) to competent node operators(EPoSe) as more coins are mined towards QWC’s maximum supply limit of 184.47 billion and the adaption rate of mobile wallet application increases over time.
[Figure 5. Blockchain Size per Block Height]
[Figure 6. Blockchain Size per Date]
One of the major challenges QWC members needs to consider for this algorithm transition is a heavy market correction arising from excluding existing mining population from the network, because EPoSe [Masteronde] algorithm does not allow more profits by providing a high hash rate. The appropriate timing for this transition is to be decided by the community members. In this paper, proposed timings for this change are provided in Table 1 for our members to make informed decisions.
[Figure 7. Block Reward Reduction up to Block Height 2,000,000]
How to Get Coins [Masternode]: Egalitarian Proof of Service (EPoSe – QWC Original)
Again, the word egalitarian stands for providing equal rights and equal opportunities. It is free to run a QWC masternode since node reward program does not offer a staking option for providing a node. In order for nodes to receive rewards, a node must be configured and used as a remote daemon in wallet software. Based on the number of transactions processed in remote daemon connections, Maximum 10 QWC is rewarded per transaction. [June 29th, 2018]
QWC nodes perform following tasks in the network.
1. Holding transactions in the memory pool so that a miner can find a block with a group of these transactions
2. Verifying one-time ring signature of entire blockchain
3. Validating correct blockchain during a chain split from PoW
4. Propagating validated blockchain to all daemons running in our network
As QWC develops and brings more traffic to our network, the performance of these nodes will be very critical to our success for following reasons.
1. When blockchain size increases, it will take more time to synchronize with the network since desktop wallets are mostly not online.
2. Mobile wallets will always use a remote daemon feature since the data itself is quite
EPoSe is based on the concept of dedication in terms of conformance and performance of nodes to provide node functions to QWC network. It features is a reward program for node operators based on dedicated service time (Uptime).
There are 4 components to make EPoSe work.
1. Nodes, run by network participants
2. Sentinel, which checks the status of nodes periodically filters nodes based on conformance and performance criteria
3. Node Map, which shows geographical information of operating nodes
4. Network Explorer, which displays the network status of node and detailed information.
Sentinel provides API of online-node information after checking node’s conformation to network requirements and the performance of its hardware and internet speed as well as 24-hour and Uptime measurements to Network Explorer(NE). NE displays information from Sentinel to allow users to select desired nodes while having the ability to check the overall status of each node. The API provided by Sentinel will be available for the selection of remote nodes. There will be several conformance and performance criteria evaluation for nodes of which the data will be identified / measured / stored / analyzed to determine nodes eligible for the rewards of accumulated transaction fees over a set period. Through QWC’s solution towards scalability,
EPoSe reward system has following features:
1. Rewards: accumulated transaction fees, which has been traditionally awarded to miners, are switched to node operators. Depending on the current operation costs of nodes, this reward scheme will be adjusted when deemed necessary.
2. Reward Period: 24 hours UTC time
3. EPoSe algorithm functions just like mining but provides infinite rewards throughout the lifetime of QWC blockchain without causing any inflation.
Exchange Listing and Pricing Strategies
It is important to inform our members that your registrations on exchange platforms with personal information such as ID and bank/credit card accounts will/can expose your identity and your actions and outcomes from trading activities can be subjected to applicable laws and regulations.
Listed Exchanges
Crex24/Estonia – Funded by QWC Team [BTC]
BitexLIVE/Turkey – Funded by QWC Team [BTC (when QWC > 1 Satoshi) / DOGE]
Fedlio/Singapore or Seychelles – Funded by QWC Team [ETH / BCHABC / DASH] – Warning for withdrawal issues!
Bisq/Decentralized – Promoted by QWC Team [BTC] – Requires Activation Cost.
Bituan/China – Promoted by QWC Chinese Community [USDT]
Citex/Korea – Promoted by QWC Chinese Community [BTC / ETH / USDT]
QBTC/China – Promoted by QWC Chinese Community [CNYT]
Tyche/Unknown – Promoted by QWC Team [ETH / USDT / DOGE / TEX]
Altilly/HK – Funded by QWC Team [BTC / ETH / DOGE / XQR]
BKEX/China – Promoted by QWC Chinese Community [BTC / USDT]
GJ/China – Promoted by QWC Chinese Community [USDT]
Basic Coin Specifications
Coin Name: Qwertycoin
Ticker: QWC
Type: 0% Premined Decentralized Community
Cryptography: CryptoNote V2.0
Proof Type: EPow (Egalitarian Proof of Work)
Mining Algorithm: Cryptonight
Difficulty Algorithm: CIMA + CLIF, Adjusted every block
Blocktime: 120 seconds
Tx Hash: Instant
Required Confirmations: 10 confirmations
Total Number of Coins: 184,467,440,737 QWC
Coin Decimals: 1/10000000 (0.00000001)
QWC Block Reward: Decrease by each block
Dev. Language: C++
Blockchain Development Roadmap
1. Stage 1: Currency Application Development (2017 – By the end of 2018)
Daemon Development and Optimization
CLI Wallet Development and Optimization
Desktop Wallet Development and Optimization
Mobile Wallet Development and Optimization
Commerce Integration Development
2. Stage 2: Currency Ecosystem Development (2018 – Continuous)
Invitation/Integration of Existing Commerce Applications
Commerce Integration Optimization
Local Fiat Exchange Commerce
Patches and Updates for All Software
3. Stage 3: Application Development (2019 – Continuous)
Search Engine + Desktop/Web/Mobile Wallet
Web Services + Web/Mobile Wallet
Mobile Apps + Web/Mobile Wallet
Activation of Local Fiat Currency Exchange (Stores)
Core-Team
Alex - Founder & Lead Developer
Xecute - Team Lead & Finance Officer
Dennis - Exchange Communication
Jordan - Previous Webmaster
Jeff Lee - IT & Infrastructur
Jeka - Co-Founder, former Developer
Pascal - System Administrator
ghostx1x - Design & Graphics
Paul Oliva - Author
ExploShot - Mobile Developer
Contributor
Thanks
Cryptonote Developers, Bytecoin Developers, Monero Developers, Karbo Developers, Masari Developers, Turtlecoin Developers and Qwertycoin Community
To learn more about us, check out our links:
● Webpage: https://qwertycoin.org/
● Github: https://github.com/qwertycoin-org/
● Bitcointalk: https://bitcointalk.org/index.php?topic=2881418
● Whitepaper: https://github.com/Xecute0101/QWC-White-Paper/blob/master/QWC%20White%20Paper%20V1.0.pdf
● News & Blog: https://qwertycoin.org/blog/category/news/
● Block Explorer: https://explorer.qwertycoin.org/
● Mining Pool List: https://explorer.qwertycoin.org/#pools
● Node Map: https://nodes.qwertycoin.org/
● Faucet: https://faucet.qwertycoin.org/
● Community Voting: https://voting.qwertycoin.org
● Web Wallet: https://myqwertycoin.com
Social Network:
● Twitter: https://twitter.com/Qwertycoin_QWC
● Facebook: https://www.facebook.com/422694361519282
● Facebook Marketing: https://www.facebook.com/QWCMarketing
● Reddit: https://www.reddit.com/r/QWERTYCOIN
● Telegram Community Channel: https://t.me/qwertycoin
● Telegram Support Channel: https://t.me/qwc_support
● Discord Community Channel: https://discord.gg/U5amwCs
● Foundation Twitter: https://twitter.com/qwc_foundation
AUTHOR
=====================================
Forum Username: Ainulyaqin
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2787764
Telegram Username: @Ainulyaqin472
QWC Wallet Address: QWC1EJZHw8aVzzDDiRMg5wCuYn9HDxycXVWYBzcUerRwbfbfXxPqCtWjVnBKfNSDktQtDis2wDTSJEXUeEF56jym86X61MowZm
The word egalitarian stands for providing equal rights and equal opportunities. QWC network is an open source and is driven by community members. Anyone can join and support the network and get coins as compensation to their support through mining. Cryptonote Technology V2.0 has a built-in block reward system called emission rate. It is a shape of log function and, because of its original design, QWC block rewards will reduce by each block found and eventually reach a point called ‘tail emission’. QWC has an emission factor of 19. Please refer to below graphs to see how block rewards are reduced over time.
[Figure 3. Block Reward Reduction per Block Height]
Transition from EPoW to EPoSe in QWC Network
As with any other blockchain technologies, QWC block height will increase over time, which also results in the blockchain data file growing continuously in a linear trend. With block time of 120 seconds and 1 MB block size, QWC blockchain size can increase close to 4 TB at 99.95% QWC circulation rate. Even after considering the storage capacity of consumer PC market is currently averaged at 500GB, the size of full blockchain data can be a problem for new users of QWC blockchain. Eventually, the users of desktop wallet software are expected to connect their wallet software through remote nodes to reduce the percentage of their local hardware resource usage, while having an option to download the complete QWC blockchain data and sync in their local computers.
QWC team also realizes that
1. block rewards against energy consumption for EPoW mining process will become inefficient for the network and harmful to our environment in the later stage of QWC blockchain.
2. mobile wallet application will require remote nodes (without downloading blockchain file) for transactions.
Therefore, it is inevitable that QWC blockchain algorithm has to shift from individual miners(EPoW) to competent node operators(EPoSe) as more coins are mined towards QWC’s maximum supply limit of 184.47 billion and the adaption rate of mobile wallet application increases over time.
[Figure 5. Blockchain Size per Block Height]
One of the major challenges QWC members needs to consider for this algorithm transition is a heavy market correction arising from excluding existing mining population from the network, because EPoSe [Masteronde] algorithm does not allow more profits by providing a high hash rate. The appropriate timing for this transition is to be decided by the community members. In this paper, proposed timings for this change are provided in Table 1 for our members to make informed decisions.
[Figure 7. Block Reward Reduction up to Block Height 2,000,000]
Again, the word egalitarian stands for providing equal rights and equal opportunities. It is free to run a QWC masternode since node reward program does not offer a staking option for providing a node. In order for nodes to receive rewards, a node must be configured and used as a remote daemon in wallet software. Based on the number of transactions processed in remote daemon connections, Maximum 10 QWC is rewarded per transaction. [June 29th, 2018]
QWC nodes perform following tasks in the network.
1. Holding transactions in the memory pool so that a miner can find a block with a group of these transactions
2. Verifying one-time ring signature of entire blockchain
3. Validating correct blockchain during a chain split from PoW
4. Propagating validated blockchain to all daemons running in our network
As QWC develops and brings more traffic to our network, the performance of these nodes will be very critical to our success for following reasons.
1. When blockchain size increases, it will take more time to synchronize with the network since desktop wallets are mostly not online.
2. Mobile wallets will always use a remote daemon feature since the data itself is quite
EPoSe is based on the concept of dedication in terms of conformance and performance of nodes to provide node functions to QWC network. It features is a reward program for node operators based on dedicated service time (Uptime).
1. Nodes, run by network participants
2. Sentinel, which checks the status of nodes periodically filters nodes based on conformance and performance criteria
3. Node Map, which shows geographical information of operating nodes
4. Network Explorer, which displays the network status of node and detailed information.
Sentinel provides API of online-node information after checking node’s conformation to network requirements and the performance of its hardware and internet speed as well as 24-hour and Uptime measurements to Network Explorer(NE). NE displays information from Sentinel to allow users to select desired nodes while having the ability to check the overall status of each node. The API provided by Sentinel will be available for the selection of remote nodes. There will be several conformance and performance criteria evaluation for nodes of which the data will be identified / measured / stored / analyzed to determine nodes eligible for the rewards of accumulated transaction fees over a set period. Through QWC’s solution towards scalability,
EPoSe reward system has following features:
1. Rewards: accumulated transaction fees, which has been traditionally awarded to miners, are switched to node operators. Depending on the current operation costs of nodes, this reward scheme will be adjusted when deemed necessary.
2. Reward Period: 24 hours UTC time
3. EPoSe algorithm functions just like mining but provides infinite rewards throughout the lifetime of QWC blockchain without causing any inflation.
Exchange Listing and Pricing Strategies
It is important to inform our members that your registrations on exchange platforms with personal information such as ID and bank/credit card accounts will/can expose your identity and your actions and outcomes from trading activities can be subjected to applicable laws and regulations.
Listed Exchanges
Crex24/Estonia – Funded by QWC Team [BTC]
BitexLIVE/Turkey – Funded by QWC Team [BTC (when QWC > 1 Satoshi) / DOGE]
Fedlio/Singapore or Seychelles – Funded by QWC Team [ETH / BCHABC / DASH] – Warning for withdrawal issues!
Bisq/Decentralized – Promoted by QWC Team [BTC] – Requires Activation Cost.
Bituan/China – Promoted by QWC Chinese Community [USDT]
Citex/Korea – Promoted by QWC Chinese Community [BTC / ETH / USDT]
QBTC/China – Promoted by QWC Chinese Community [CNYT]
Tyche/Unknown – Promoted by QWC Team [ETH / USDT / DOGE / TEX]
Altilly/HK – Funded by QWC Team [BTC / ETH / DOGE / XQR]
BKEX/China – Promoted by QWC Chinese Community [BTC / USDT]
GJ/China – Promoted by QWC Chinese Community [USDT]
Coin Name: Qwertycoin
Ticker: QWC
Type: 0% Premined Decentralized Community
Cryptography: CryptoNote V2.0
Proof Type: EPow (Egalitarian Proof of Work)
Mining Algorithm: Cryptonight
Difficulty Algorithm: CIMA + CLIF, Adjusted every block
Blocktime: 120 seconds
Tx Hash: Instant
Required Confirmations: 10 confirmations
Total Number of Coins: 184,467,440,737 QWC
Coin Decimals: 1/10000000 (0.00000001)
QWC Block Reward: Decrease by each block
Dev. Language: C++
Blockchain Development Roadmap
1. Stage 1: Currency Application Development (2017 – By the end of 2018)
Daemon Development and Optimization
CLI Wallet Development and Optimization
Desktop Wallet Development and Optimization
Mobile Wallet Development and Optimization
Commerce Integration Development
2. Stage 2: Currency Ecosystem Development (2018 – Continuous)
Invitation/Integration of Existing Commerce Applications
Commerce Integration Optimization
Local Fiat Exchange Commerce
Patches and Updates for All Software
3. Stage 3: Application Development (2019 – Continuous)
Search Engine + Desktop/Web/Mobile Wallet
Web Services + Web/Mobile Wallet
Mobile Apps + Web/Mobile Wallet
Activation of Local Fiat Currency Exchange (Stores)
Core-Team
Alex - Founder & Lead Developer
Xecute - Team Lead & Finance Officer
Dennis - Exchange Communication
Jordan - Previous Webmaster
Jeff Lee - IT & Infrastructur
Jeka - Co-Founder, former Developer
Pascal - System Administrator
ghostx1x - Design & Graphics
Paul Oliva - Author
ExploShot - Mobile Developer
Contributor
Cryptonote Developers, Bytecoin Developers, Monero Developers, Karbo Developers, Masari Developers, Turtlecoin Developers and Qwertycoin Community
To learn more about us, check out our links:
● Webpage: https://qwertycoin.org/
● Github: https://github.com/qwertycoin-org/
● Bitcointalk: https://bitcointalk.org/index.php?topic=2881418
● Whitepaper: https://github.com/Xecute0101/QWC-White-Paper/blob/master/QWC%20White%20Paper%20V1.0.pdf
● News & Blog: https://qwertycoin.org/blog/category/news/
● Block Explorer: https://explorer.qwertycoin.org/
● Mining Pool List: https://explorer.qwertycoin.org/#pools
● Node Map: https://nodes.qwertycoin.org/
● Faucet: https://faucet.qwertycoin.org/
● Community Voting: https://voting.qwertycoin.org
● Web Wallet: https://myqwertycoin.com
Social Network:
● Twitter: https://twitter.com/Qwertycoin_QWC
● Facebook: https://www.facebook.com/422694361519282
● Facebook Marketing: https://www.facebook.com/QWCMarketing
● Reddit: https://www.reddit.com/r/QWERTYCOIN
● Telegram Community Channel: https://t.me/qwertycoin
● Telegram Support Channel: https://t.me/qwc_support
● Discord Community Channel: https://discord.gg/U5amwCs
● Foundation Twitter: https://twitter.com/qwc_foundation
AUTHOR
=====================================
Forum Username: Ainulyaqin
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2787764
Telegram Username: @Ainulyaqin472
QWC Wallet Address: QWC1EJZHw8aVzzDDiRMg5wCuYn9HDxycXVWYBzcUerRwbfbfXxPqCtWjVnBKfNSDktQtDis2wDTSJEXUeEF56jym86X61MowZm
@Qwertycoin_QWC #QWC #cryptocurrency #anonymous #privacy
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