Blockcrux
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Reading: Qitmeer Network – Leading BlockDAG Technological Innovation to Build a High-Performance Public Blockchain
Share
Font ResizerAa
BlockcruxBlockcrux
Search
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Blockcrux
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Reading: Qitmeer Network – Leading BlockDAG Technological Innovation to Build a High-Performance Public Blockchain
Share
Follow US

Home - Qitmeer Network – Leading BlockDAG Technological Innovation to Build a High-Performance Public Blockchain

Press Release

Qitmeer Network – Leading BlockDAG Technological Innovation to Build a High-Performance Public Blockchain

Toby
By Toby January 23, 2024 502 Views
Share
SHARE

Qitmeer Network is a high-performance public blockchain based on the revolutionary MeerDAG consensus protocol. Adopting a Layer1+Layer2 network design, it promotes the development of network scalability and cross-chain interoperability. The graph ledger structure of the MeerDAG consensus protocol serves as the core engine, driving the efficient operation of the pluggable smart contract execution engine. The MeerEVM container layer connects the entire blockchain ecosystem, supporting the free circulation of cross-chain assets.

Contents
Technical HighlightsMeerDAG Consensus Protocol – Layer1 Data Scalability SolutionMeerEVM – Pluggable Smart Contract Execution EngineMeerlink Protocol – Blockchain Interconnection Communication ProtocolNetwork ArchitectureLayer1: Meer Network (Value Transfer Layer)Cross-chain Hub: QNG Network (Cross-chain Container Layer)Layer2: High-Speed Subnet (Future Application Expansion Layer)Conclusion

Technical Highlights

MeerDAG Consensus Protocol – Layer1 Data Scalability Solution

MeerDAG is a graph ledger protocol based on generalized Satoshi consensus, integrating the advantages of the GHOSTDAG protocol and SPECTRE consensus protocol, solving the transaction timing problem in DAG networks. By supporting asynchronous accounting through a cooperative model, the transaction confirmation process is decentralized, achieving high-concurrency transaction processing. The conservative TPS test value has reached 4000+, achieving a perfect balance between security, decentralization, high performance, and scalability.

MeerEVM – Pluggable Smart Contract Execution Engine

MeerEVM is the core component of the QNG Network. As a pluggable smart contract execution engine, it is driven by the MeerDAG consensus protocol. Perfectly integrated into the underlying Meer Network in a containerized manner, it provides developers with an efficient smart contract execution environment and low transaction fees. It is suitable for high-concurrency business scenarios such as GameFi, DeFi, SocialFi.

Meerlink Protocol – Blockchain Interconnection Communication Protocol

Meerlink Protocol is a unique Layer1 cross-chain interaction protocol developed by Qitmeer. Through the transaction synchronization consensus mechanism, it ensures the state synchronization of contract transaction data streams between different networks, achieving 1:1 equivalent exchange of Meer Coin under different network states of the UTXO model and account model.

Network Architecture

Layer1: Meer Network (Value Transfer Layer)

Meer Network is the key infrastructure of Qitmeer Network, a PoW underlying blockchain built with innovative BlockDAG technology and UTXO data model. As a secure value transfer layer, it provides security for network on-chain assets.

Cross-chain Hub: QNG Network (Cross-chain Container Layer)

The QNG Network is the latest generation evolution network of Qitmeer Network, built on the infrastructure of Meer Network. By integrating the MeerDAG consensus protocol and MeerEVM container layer, it aims to provide a new generation of implementable networks with superior performance, more reliable security, and broader scalability.

Layer2: High-Speed Subnet (Future Application Expansion Layer)

The Layer2 layer of Qitmeer Network is the ecological application expansion layer network, composed of multiple high-speed subnets (such as Amana, Flana, Mizana, etc.). This layer enhances the performance, scalability, and privacy protection capabilities of the decentralized network, providing strong support for applications in various scenarios.

Conclusion

Qitmeer Network provides an efficient expansion solution. It fully utilizes the high-concurrency transaction processing capabilities of BlockDAG, while providing an independent operating environment for smart contracts, laying the foundation for compatibility with other network container layers. Driven by technology, it solves the “impossible triangle” problem in the blockchain field.

Website – https://qitmeer.io/

Email – Business@qitmeer.io

Twitter – https://twitter.com/QitmeerNetwork

Telegram – https://t.me/qitmeernetwork`

Share This Article
Facebook Twitter Email Print

PRESS RELEASE

CoinEx Takes the Center Stage as the Official Title Sponsor for BlockTalks Event in Bengaluru

US Presidential Elections Battleground: Buy MAGA, KAMA, And ETFSwap To Stay Perfectly Positioned
Saga Launches Mainnet 2.0 to Transform Blockchain Economics, Partners with Uniswap
Best Online Sportsbook for Payouts: Full 2025 Comparison
KAI Network Launches Mainnet to Power the AI Economy with On-Chain Incentives

LATEST NEWS

Shiba Inu’s price might increase as fewer tokens are sent to exchanges. Investors seem bullish.

Shiba Inu Price Could Rise as Exchange Deposits Hit 3-Year Lo w

Mridul Srivastava Mridul Srivastava November 9, 2024
Beks Media Announces Strategic Expansion into Europe with New Operations Center in Berlin
Next Crypto to Explode – 7 Coins Retail Investors Are Betting on in the Market Selloff
Onstack Unveils AI-Driven Tools to Revolutionize User Onboarding for Bitcoin DeFi
Binance Implements Zero Maker Fee for ARS, BRL, and ZAR
Blockcrux Logo blockcrux logo

About Blockcrux

Blockcrux is a web3 news publisher dedicated to delivering the latest, most accurate insights into blockchain and decentralized technologies. Covering everything from cryptocurrencies to NFTs and DeFi, it offers uncensored, real-time news, embodying the transparency and democracy inherent in the web3 ecosystem.

News

  • Blockchain
  • Crypto
  • Web3
  • AI

Help

  • Contact
  • Advertising
  • Submit Press Release
  • Privacy Policy

© Blockcrux News Network. All Rights Reserved.

Follow US on Socials

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Last Updated on January 23, 2024 by Toby