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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    • [Outdated] CryptoNote Proof of Work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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  1. Scalability

Consolidation

Last Updated 2020-07-28

Consolidation is a solution for the wallet-side scalability.

Consolidation is a wallet feature that will literally consolidate all the UTXOs(Unspent Transaction Outputs) from previous incoming transactions to a smaller set (preferably one set if continuously consolidated) of outputs without changing the balance in the wallet.

The benefits of consolidation are: 1. Transaction size: a single transaction with the amount of 500 million QWC is about 4kb. Now users can send a large number of coins without tx size limitation when and if necessary.

2. Synchronizing speed: wallet is no longer required to scan all the way back to the first transaction of the wallet address. The height of the first confirmation of consolidation transaction becomes the starting point of the wallet sync.

3. Reducing server load: by reducing the dependency, the server operates more efficiently.

The consolidation feature shall be considered a network-wise movement from users for solving the scalability issue, just as Genesis Reference Block(GRB) is for the node-side within public blockchain projects.

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Last updated 4 years ago

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