Among the revolutionary blockchain ecosystem that has recently found their way into the fast-emerging world of blockchain is Qi. Qi is a decentralized blockchain that incorporates Web 3.0, NFTs, De-Fi, Game-Fi, and every other blockchain-inclined tech.
To redefine the entire blockchain space to make it more seamless and user-friendly, Qi is building an ecosystem capable of providing solutions for every need that might arise in the future. Qi has proven to be the most advanced blockchain, with the ability to process more than 2000 transactions per second (TPS). The platform can record and verify transactions efficiently with the Proof of Work (PoW) consensus mechanism it deploys.
Among the multiple utilities provided by Qi is the deployment of smart contracts. It is focused on smart contracts that empower the development processes of projects and dApps while leveraging its advanced security protocols, no downtime and free of any third-party control.
Being a decentralized ecosystem, Qi leverages smart contracts to enable it to eliminate the need for a central authority. This is because smart contracts create a peer-to-peer network to execute direct transactions between the involved parties.
With its numerous features, the Qi blockchain is able to contribute to the growth of the blockchain industry since its inception. Hence, it has become the first choice for both developers and investors. Also, its native token Qie has seen massive interest over the years while holding onto a steady curve. Crypto experts have predicted that Qie will increase in value in the future.
There are anticipations that more advancements will be coming to the blockchain ecosystem in the near future. Spending on the blockchain industry has been projected to increase to $19 billion by 2024, a 400% jump from where it stood in 2020.
Qi blockchain is able to offer adequate transparency and security features. Noting the exclusive use cases of the Qi blockchain, it is interesting to realize that it can be used to develop applications in finance, gaming, web browsing, advertising, metaverse, identity management, De-Fi, Web 3.0, supply chain management, and store data and execute transactions.
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- Source: https://zycrypto.com/introducing-qi-blockchain-a-decentralized-blockchain-solution-with-multiple-utilities/