QIE Blockchain stands as a cornerstone for Web 3 and DeFi, offering a robust, low-cost network featuring rapid settlement for transaction efficiency.
QIE is a decentralised POS (Proof of Stake) blockchain with an application native currency which is leveraging functionality of creating fungible and non-fungible assets using Remote Procedure call (RPC) methods.
QIE blockchain with QIE cryptocurrency is designed for Finance categorised with low transaction fees and realtime execution
Bitcoin | Ethereum | Ripple | QIE | |
---|---|---|---|---|
Decentralised | ||||
Scalability | ||||
Secure | ||||
Speed | 4.6tps | 20tps | 1000tps | 3000tps |
Transaction fees | High | High | Low | Low |
Storage | DLT | DLT | DLT | DLT |
Consensus | POW | POW->POS | RPCA | POS |
Application layer | ||||
Environment friendly |
QIE enables the deployment of smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference from a third party. Decentralized applications—also known as "dApps" or "dapps"—are digital applications that run on a blockchain network of computers instead of relying on a single computer. Benefits of dApps include the safeguarding of user privacy, the lack of censorship, and the flexibility of development. The use of blockchain enables a dApp to process data through distributed networks and to execute transactions. QIE can be used for a wide variety of innovative applications in finance, web browsing, gaming, advertising, de-fi, identity management, web 3.0, metaverse and supply chain management all over the world.
QIE proposed to utilize blockchain technology not only for maintaining a decentralized payment network but also for storing computer code that can be used to power tamper-proof decentralized financial contracts and applications.
Blockchain helps in the verification and traceability of multi-step transactions needing verification and traceability. It can provide secure transactions, reduce compliance costs, and speed up data transfer processing. Blockchain technology can help contract management and audit the origin of a product.
If your goal is to provide the highest security level of data/transactions. A shared database is required. There is no trust between future network participants (employees, organizations, customers)
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