AMSTEL YALLE: QWERTYCOIN - Privacy Coin based on QwertyNote.

QWERTYCOIN - Privacy Coin based on QwertyNote.

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/

AIM:

The Qwertycoin (QWC) team expects the future of finance to be based on distributed ledger technology, the blockchain. In contrast to the traceable bitcoin, QWC developers implemented CryptoNote V2.0 technology, which has been verified to provide anonymity to users of previous generations of cryptocurrencies.

Everyone is free to join the entire QWC network and use its services at low cost. However, QWC requires a central authority to develop and manage the QWC network and blockchain. Community commitments and donations are essential for continued development.

The QWC team operates according to the consensus of transparent management of all its members.

LISTING:

In the early stage, QWC experienced issues with exchanges (Octaex(China), Crepcoin Exchange(Decentralized), Altex Exchange(Decentralized)) arising from various factors such as delays or lack of support, site shut downs and service terminations, which caused damages to QWC members.

From past experience and failure to select proper exchanges for trading, the listing strategies for QWC are the followings:

To have as many trading pairs as possible across multiple platforms

To be listed on exchanges a verified business entity with a registration with transparency, reputation, volume and history

To be listed on market tracker websites for broaden market exposure and bring awareness

Crex24 / Estonia: Funded by the QWC Team [BTC]
BitexLIVE / Turkey: Funded by QWC Team [USDT]
Fedlio / Singapore or Seychelles - Funded by QWC Team [ETH / BCHABC / DASH] - Warning regarding withdrawal issue!
Bisq / Decentralized - Promoted by QWC Team [BTC] - Requires activation cost.
Bituan / China: Promoted by QWC Chinese Community [USDT]
Citex / Korea: Promoted by the Chinese QWC Community [BTC / ETH]
QBTC / China: Promoted by QWC China Community [CNYT]
Tyche / Unknown - Promoted by QWC Team [ETH / USDT / DOGE / TEX]
Altilly / HK - Funded by Team QWC [BTC / ETH / DOGE / XQR]
BKEX / - Promoted by the Chinese QWC Community [BTC / ETH]
Becoin / - Promoted by the Chinese QWC Community [BTC / ETH]
Members of the QWC community should be aware that the listing contract can be canceled if there is not sufficient trading volume.

WHAT IS EPoW:

QWC is introducing Proof of Equal Work (EPoW) for the first time in the blockchain space to protect the blockchain from known majority attacks and double spend attacks. This is also the first step towards the 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 obtain more coins. Additionally, the difficulty algorithm (DA) has not been carefully designed to cover the many different situations that have changed since the release of the CryptoNote white paper.

EPoW for QWC greatly improves Byzantine error tolerance in PoW consensus.

The EPoW reward algorithm is designed so that any fake extra time posted by a malicious actor is penalized for every second compared to releasing a new block with a shorter time stamp for the next block. There are simply no incentives for malicious actors to do this.

We will simply put it this way; Don't cheat on mining and you'll get the maximum rewards you deserve.

QWC introduces a new block reward algorithm that uses a time-based factor called "consistency". This factor is multiplied by the standard CryptoNote (CN) block reward equation for adjusting block rewards.

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
Stage 3: Currency Ecosystem Development (2022 – 2024)
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
Stage 4: Application Development and Deployment (2024 – Continuous)
Search Engine + Desktop/Web/Mobile Wallet
Activation of Local Fiat Currency Exchange (Stores)
Business Applications