Kronobit Knb

What is Qbit Networks?

Qbit Networks is an innovative solution to bring programmability and interoperability to Qbit Networks. Qbit Networks relies on a system of PoA consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.

What can I do with Qbit Networks?

The purpose of the new blockchain and DEX is to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner.

You can:

• Send and receive KNB
• Issue new tokens to digitalize assets, and use Qbit Networks as underlying exchange/transfer network for the assets

For developers, you can also:

Qbit Networks, KNB boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of Qbit Networks intact while introducing smart contracts into its ecosystem.

Because KNB is EVM-compatible, it launched with support for the rich universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with KNB. Seriously – it’s just a matter of tweaking a couple of settings. Check out Use MetaMask for Qbit Networks to get started.

You can:

Send and receive KNB
Explore the transaction history and blocks on the chain, via KNB SCAN, API and node RPC interfaces.

Developers can also:

Issue new tokens to digitalize assets
Run a full node to listen to and broadcast live updates on transactions, blocks, and consensus activities
Develop wallets and tools to help users use Dapps