WHAT IS QWERTYCOIN:
Qwertycoin is a decentralized peer to peer protocol for safe payment and communication worldwide. Qwertycoin is a “real decentralized community Cryptocurrency”, a “decentralized digital asset” like Bitcoin. “Nobody owns or controls Qwertycoin”.QWERTYCOIN is a digital cryptocurrency designed for everyday use. QWC supports simple CPU / GPU mining operations and masternode mining. For users to access QWERTYCOIN on different platforms, desktop, web and mobile wallets are provided. It is based on CryptoNote Technology V2.0. Nobody owns or controls Qwertycoin except its users. It allows anonymous and trustless peer to peer transactions through a fair PoW mining algorithm and will implement EPoSe, a new consensus algorithm concept exclusive to QWC.
SOME OTHER FEATURE:
Open-Source Platform
Qwertycoin is a “decentralized” currency based on an “Open-Source” CryptoNote “Platform”. Everyone can build and participate.
Decentralized Community
Qwertycoin is “not” a private company funded through an ICO or pre-mining. Development is supported by its own “Community”.
Democracy and Privacy
Members can participate in important “community decisions” via voting. Qwertycoin is totally “untraceable and anonymous”.
FUTURE PLAN:
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.
EXCHANGES:
- Crex24/Estonia – Funded by QWC Team [BTC]
- BitexLIVE/Turkey – Funded by QWC Team [USDT]
- 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]
- 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/ – Promoted by QWC Chinese Community [BTC / ETH]
- Becoin/ – Promoted by QWC Chinese Community [BTC / ETH]
QWC community members should be aware that the listing contract can be nullified if there is not enough trading volume.
EPoW:
QWC introduces Egalitarian Proof of Work (EPoW) for the first time in blockchain space for protecting the blockchain from the well-known majority attacks and double-spending. This is also the first step towards 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 get more coins. Also, difficulty algorithm (DA) was not carefully designed to cover many different cases that changed since CryptoNote whitepaper was released.
QWC's EPoW greatly improves Byzantine Fault Tolerance in PoW consensus.
EPoW reward algorithm is designed so that any forged extra time posted by a malicious actor is rather penalized for every second compared to issuing a new block with the shortest timestamp for the next block. There are simply no incentives for malicious actors to do this.
We will simply state it this way; don't cheat on mining and you will get the maximum rewards you deserve.
QWC introduces a new block reward algorithm that utilizes a time-based factor called 'consistency'. This factor is multiplied to a standard CryptoNote(CN) block reward equation in order to adjust block rewards.
The block time between two adjacent blocks by default is 120 seconds.
If miners find a block less than 120 seconds, the value consistency is less than 1. If miners find a block after 120 seconds, the value of consistency is greater than 1. If miners find a block at 120 seconds, the value of consistency is 1.
The value of consistency can change between 0.08 to a maximum of 2.00.
Now, let's take a look at how rewards change with Consistency under EPoW.
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 a block time of 120 seconds and 1 MB block size, QWC blockchain size can potentially increase close to 4 TB at a 99.95% QWC circulation rate. Even after considering the storage capacity of the 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
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.
Mobile wallet applications will require remote nodes (without downloading the blockchain file) for transactions.
Therefore, it is inevitable that QWC blockchain to shift from individual miners(EPoW) to competent node operators(EPoS) 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.
FATF:
FATF stands for Financial Action Task Force and is an intergovernmental organization that provides financial policy recommendations to combat money laundering activities including terrorism financing.
We strongly advise our users not to make transactions for such activities. Please use fiat cash for that.
FATF recently announced a recommendation; travel rule for cryptocurrencies. They realized that they cannot exercise control over blockchain so they announced a traceability guideline for cryptocurrency exchanges.
FATF's travel rule requires exchanges to perform KYC and store all transactional information for audits, taxes and also to prevent money laundering.
(i) originator’s name (i.e., the sending customer); - KYC @ exchanges
(ii) originator’s account number where such an account is used to process the transaction (e.g., the VA wallet); - transactional information
(iii) originator’s physical (geographical) address, or national identity number, or customer identification number (i.e., not a transaction number) that uniquely identifies the originator to the ordering institution, or date and place of birth; - KYC @ exchanges (
iv) beneficiary’s name; and - transactional information
(v) beneficiary account number where such an account is used to process the transaction - transactional information
ROADMAP:
Stage 1: Currency Application Development (2017 – By the end of 2019) - All Complete
Stage 2: Currency + Application Development (2020 – By the end of 2022) - Current Phase
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
- 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
- Search Engine + Desktop/Web/Mobile Wallet
- Activation of Local Fiat Currency Exchange (Stores)
- Business Applications
- Anonymous, Unlinkable and Untraceable Transactions - Based on CryptoNote V2.0 Technology over a decentralized network.
- Egalitarian Proof of Work (EPoW) – Manipulation proof PoW consensus with CIMA + CLIFF difficulty algorithm. First in the world.
- Egalitarian Proof of Stake (EPoS) – Hybrid PoS and dPoS consensus.
- Egalitarian Proof of Service (EPoSe) – Ultimate consensus combining EPoW and EPoS.
- Reserve Requirement System - Development fees and donations collected over time will be stored in QWERTYCOIN Foundation.
- No Pre-mining - Community owned system and transparent developments and operations.
- Free Master Nodes - No mandatory minimum coin commitment to run Master Nodes.
- Free Community Faucet – Free QWC every 24 hours from community donations.
- Transparent Operations and Management – All accounts run by community funds can be monitored using tracking keys.
Core Team
Name
Role in QWC Team
Misc.
Alex (nnian)
- Lead Developer
- Team Lead Architect & Finance Officer
- IT & Infrastructure
- Developer & Mobile Lead
- Community Manager & Designer
- Exchange Manager
Name
Role in QWC Team
Misc.
Michael (ghost1x)
- German Community Manager
- Korean Community Manager
- Turkish Community Manager
Name
Contribution Details
Gladcow
- Please check pull requests of qwertycoin / qwertycoin-testnet
- Please check pull requests of qwertycoin / qwertycoin-gui / qwertycoin-zero repositories on github.
- Please check wiki section of qwertycoin repository.
- Designed Github hosted static webapge: www.qwertycoin.org
- Please check on github.
- Please check on github.
Name
Role in QWC Team
Misc.
Jeka
- MacOS Lead
- Team Lead & Designer
- IT Lead
- Community & Marketing Manager
- Community & Marketing Manager
- Speaker & Marketing Manager
- Web Designer
- 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/
- 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
- Telegram: https://t.me/qwc_support
- Email: support@qwertycoin.org
Profile : https://bitcointalk.org/index.php?action=profile;u=2103066
QWC Wallet Address : QWC1UZvejjtGLAvW6ZrcBLba1S6CSGanRagXJYuRYUiBDsXrbsXfVdkfahdGK7EsmkC3iGvyewUZvitTU8gRgq3x9d2q64hXN7
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