QI Blockchain

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Description

QI Blockchain is an open-source, decentralized platform operating on the Hyperledger Besu network. It stands out for its Turing-complete ability to run any computer program as a smart contract, offering unparalleled flexibility and power. The native cryptocurrency, QIE, is used to pay transaction fees, known as gas. This unique capability positions QI Blockchain to potentially revolutionize digital interactions through its innovative execution of smart contracts.

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FAQ

What is QI Blockchain and how does it work?

QI Blockchain is a public, open-source, decentralized platform designed to run Turing-complete smart contracts. It operates on the Hyperledger Besu network, granting it the flexibility to execute any computer program. This functionality allows QI Blockchain to facilitate complex digital interactions through its robust and versatile smart contract capabilities.

What is the primary use of the QIE cryptocurrency on QI Blockchain?

The native cryptocurrency of QI Blockchain, QIE, is primarily used to pay gas fees, which are transaction fees required for executing smart contracts on the network. These fees are paid to miners who validate and execute these contracts, ensuring the seamless operation of the blockchain.

How does QI Blockchain differ from other blockchain platforms?

Unlike many other blockchain platforms, QI Blockchain's Turing-completeness allows it to execute any computer program, making it uniquely powerful and flexible. This capability sets QI apart and positions it to transform digital interactions through its innovative approach to smart contracts.

What are the benefits of using QI Blockchain for smart contracts?

QI Blockchain's Turing-complete nature provides unparalleled flexibility, allowing it to run any computer program. This flexibility ensures that a wide range of applications can be created and executed, enhancing the potential for innovative solutions and efficiency in digital transactions.

How does Hyperledger Besu contribute to QI Blockchain's functionality?

Hyperledger Besu is an open-source Ethereum client and contributes to QI Blockchain by providing a robust network for executing smart contracts. Its capabilities enable QI Blockchain to maintain the necessary infrastructure for decentralized and secure digital interactions, improving reliability and scalability.

What should I do if a smart contract execution fails on QI Blockchain?

If a smart contract execution fails on QI Blockchain, ensure that enough QIE is available to cover gas fees, and review the contract code for errors. Debugging tools and community forums associated with Hyperledger Besu can also provide valuable assistance in troubleshooting and resolving issues.

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