Blockchain was invented by a person using the name ‘Satoshi Nakamoto’ in 2008 to serve as the public transaction ledger of cryptocurrency. It is a system which consists of records of transactions in various cryptocurrencies and are preserved across respective computers linked typically by a managed peer-to-peer network.

Cryptocurrency transactions are based on blockchain technology, with the most popular form of cryptocurrency being 'Bitcoins’, it has zero non-speculative impact. Several other forms exist, such as Ethereum, Ripple, Litecoin, Monero, Dash and so on.

Cryptocurrencies are privatized and anonymous, very swift and comfortable means of payment within the universal reach out. The market of Cryptocurrencies is fast and wild, old Cryptocurrencies die and new ones emerge almost every day, early adopters gain money and investors tend to lose money.

There was the need to improve the features and probably the functions of blockchain , BlockDAG was developed. Apart from transparency, trust and ease of doing business which bitcoin functions best at, it wasn’t scalable, fair to all but Halal chain Foundation discovered this defaults and developed a new blockchain called the QITMEER NETWORK.

Qitmeer is the first public chain that is dedicated to serving the ecosystem of ethical finance, socially responsible investment and Islamic Finance, which aims to act as the overall financial infrastructure to
seamlessly converge all these areas, thereby enhancing financial inclusion.

With the support of HLC Foundation, the R&D of Qitmeer initiated since the beginning of 2018 and then launched the open-source code on GitHub on June 30, 2019.

Whereas presently, the name Qitmeer, MEER and KAHF have been newly selected to brand the public chain, coin and wallet respectively.

Adhering to the wisdom in essence of Bitcoin network, QITMEER was developed to curb bitcoin network defaults, which is openness, fairness , transparency, more scalability .

Halalchain foundation in essence tends to care more about public opinion and humanity at large, so they introduced a platform where the development of the new blockchain QITMEER can be discussed and criticised, likewise sharing more insight and knowledge about it .

QITMEERTALK was introduced and till date you can find more information about this new blockchain technology QITMEER , based on BlockDAG, adheres to classic Proof of work (POW). Qitmeer developed a unique OP_TOKEN asset issuance mechanism model based on the UTXO (Unspent Transaction Output), which is secure and efficient to support the tokenization of large volume transaction-level liquidity and it’s frequent secondary market trading activities.

1 Like