San Francisco, CA, January 27, 2022 (Globe Newswire) – QitChain, a distributed search engine built on Web 3.0, officially launched Mainnet on September 15, 2021. Its hashtag has increased almost 50-fold since the launch of MainNet, from 15P to about 700P. As part of its commitment to becoming Google in the blockchain world, QitChain is in the process of becoming one of the node’s most widely distributed networks. Its Block Explorer will be upgraded and updated to 1 in 2022, enabling users to ask for more accurate and comprehensive data. In addition, to encourage more nodes worldwide and to help maintain and build Mainnet, QitChain plans to reward a total of $ 3 million node guardians.
The backbone of distributed search public chains QTC, Web 3.0 and Metaverse Infrastructure.
QitChain is an IPFS-based distributed search engine. Unlike decentralized websites, QitChain offers more benefits in protecting the privacy of personal data, reducing data loss and bringing decentralization to the blockchain industry. The project aims to provide a blockchain database query system with enhanced query processing capabilities, strengthen semantic expression and enable more rich query sections. QitChain at the same time offers significant benefits in terms of efficiency by achieving data neutrality while maintaining personal privacy.
Each node in the QitChain mainnet can use a different search algorithm based on its unique situation. The search engine of each node encrypts the details of the search and displays the results in its distributed account while saving. QitChain is a prime example of the power of Web 3.0, providing a de-platformed marketplace for producers, service providers and potential data consumers, thereby minimizing market friction and maximizing market potential. As a new venture driven by blockchain technology. QitChain’s complete economic model is inflationary in nature and can provide increased returns to investors throughout the economic cycle. The economic model of QitChain is similar to that of Bitcoin and it can go through a bull-bear cycle.
In addition, QitChain offers a wide range of practical applications for general users. When these users access traditional search engines, social media platforms or online retailers, their personal information is tracked and stored in some form. This information is used in advertising campaigns and is transformed into unauthorized pop-up ads that disrupt the daily online experience. The main goal of the QitChain search engine is to empower people to take ownership and freedom of their assets and claims. Its decentralized approach enables users to determine how their own data will be used. With QitChain, when businesses want to use user data for commercial purposes, they must first obtain user permission. When this data provides commercial value, a portion of it goes back to users instead of centralized data storage centers.
Providing a distributed search engine across nodes of the network, QitChain prevents a centralized entity or individual from accessing user search information. With the emergence of huge amounts of NFT and meta-universe data, there will be a growing demand for future distributed storage and search engines. QitChain Web 3.0 will provide its own technical and compliance facilities through infrastructure services, ensuring reliable distributed storage and services to users.
The information provided in this release is not investment advice, financial advice or trading advice. It is recommended that you exercise due diligence (including consulting with a professional financial advisor before investing or trading securities and cryptocurrencies).
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