QitChain will carry out network-wide technical updates and iterations on October 12th 2021. Before that, global storage service providers need to update to the latest version qitchain-v1.23.4 as soon as possible.
The advantages of this technical iteration are:
(1) Optimize the availability of node data and to further improve the consistency and stability of node operation
(2) Optimize some setting menu items of the QTC client
(3) Enhance the strict inspection mechanism when creating transactions
(4) Use optimized algorithms to improve calculations and its efficiency.
Qitchain Mainnet is officially launched and entered third-party security audit on 15th September 2021 and released on Github. It can be downloaded and installed from Github. PoC mechanism of Qitcoin QTC has increased its significance and made it worth downloading. Unlike other cryptocurrencies it welcomes and supports rich kinds of query.
The Qitcoin Core is built and tested on regular basis; new official and stable release versions of this are also marked with tags on a usual basis. One of the well-known updates is Index adjustment that helps in unbinding of binding functions. The growth rate of the whole network’s computing power has accelerated, and some of the vulnerabilities have been discovered and fixed.
Qitchain; Eco-friendly Software:
Qitchain QTC is abbreviated as QTC. It has a pluggable consensus module that allows users to choose from various consensus protocols to improve the performance of various application scenarios. QTC ensures the healthy development of the entire coin by establishing a long-term incentive economic model based on the Proof of Capacity (POC) consensus algorithm. The economic model of this software supplies a total of 105 million tokens. After every 180 seconds, it produces a block where one block is 2 MB in size and makes 75 QTC per block. The initial transaction per second is 70, boasting a total of 3000P network capacity. Block rewards are obtained jointly by POS and storage miners, where 80% rewards are obtained at 180 antennas, and 20% are released at one time.
As Qitcoin has adapted a PoC mechanism, it helps everyone to participate in mining because it only requires a hard disk which can be available easily from the market. Thus, it has made a mining system simple and reachable that will generate a secure well-run product. Its mechanism is eco-friendly which provides the constant and automatic expansion of QTC; it helps consuming low power where miners can easily predict their income.
License of MIT
The MIT license governs the issue of Qitcoin Core; a brief and simple permissive license that simply requires the maintenance of copyright and license statements as a prerequisite.
Licensed works, adaptations, and larger works may be provided with or without source code under varying terms. The MIT license has issued the Copyright © 2020–2020 to Qitcoin Core developers.
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