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Qbit Networks

Ticker : KNB Launched On : 29 April, 2023
polygon Chain: 0x864285774ca1249B0FB6E48F823E02C5D252DA8E

Qbit Networks Description

Qbit Networks Chain uses Proof-Of-Authority (PoA) as the consensus method that gives a small and designated number of blockchain actors the power to validate transactions or interactions with the network and to update its more or less distributed registry.

According to the selected scheme, one or more validating nodes are responsible for generating each new block of transactions that will be included in the Blockchain. The new block can be accepted directly, or by unanimous vote of the block generators, or simply by majority, depending on the configuration chosen for the Blockchain.

Qbit Networks Summary