✍️
Qwertycoin Whitepaper
  • Cover Page
  • Credits
  • Index
  • Introduction
  • Vision
    • Vision
    • Blockchain Development Roadmap
    • Exchange Listing and Pricing Strategies
  • Consensus
    • [Outdated] CryptoNote Proof of Work
      • CryptoNote block reward scheme calculation
        • An example of CryptoNote block reward scheme manipulation
    • Egalitarian Proof of Work (EPoW)
      • Introduction of EPoW block reward algorithm based on Consistency
        • An example of how QWC prevented CryptoNote block reward manipulation
      • Difficulty Algorithm - CIMA (Confidence Interval Moving Average)
        • Testnet Result
      • Difficulty Algorithm - CLIF (Critical Level Impediment Failsafe)
        • Testnet Result
      • Do you want to make EPoW more egalitarian by switching mining algorithm?
    • Transition from PoW to PoS
    • Egalitarian Proof of Stake (EPoS) - Hybrid PoS/dPoS
      • Sharding
    • Egalitarian Proof of Service (EPoSe) - Hybrid EPoW/EPoS
  • Scalability
    • Genesis Reference Block (GRB)
    • Consolidation
    • Pruning
  • Blockchain Governance
    • FATF Compliance
    • 10% Governance Fee
    • Community Voting
  • DeFi Tranasactions
    • Time Locked Transaction (TLT)
    • Long Term Staking (LTS)
    • On-Chain Trade (OCT)
  • Smart Contracts
    • Multi-Signature
    • NFT(Non Fungible Token)
  • Features
    • LMDB (Lightening Memory Mapped Database)
  • Future Directions
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Cover Page

Last Updated 2020-06-16

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Last updated 4 years ago

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QWERTYCOIN [Ticker: QWC] is a digital cryptocurrency designed for everyday use. It supports simple CPU/GPU mining and masternode operations, Desktop / Mobile / Web wallets are provided for user’s accessibility to QWERTYCOIN across multiple platforms.

FEATURES

  • 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.

TECHNICAL SPECIFICATIONS

  • Total Number of Coins: 184.47 Billion

  • Current Target Block Time: 120 seconds -> 20 seconds

  • Time for Transaction Hashes: Instant (<4 seconds)

  • Core Design: CryptoNote V2.0 – Forked from Bytecoin, Monero + Karbowanek + Digitalnote and Qwertycoin V1.0

ULTIMATE PROJECT GOALS

  • 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