Qbit Networks Documentation
Welcome to the Qbit Networks documentation site!
Please note that both the Qbit Networks software and this documentation site will improve over time and is still a work-in-progress.
Be sure to engage with our community channels to stay updated.
Have fun trading and see you on chain!
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.
Please read the FAQ to get started.
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.
- 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.
- 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
A token protocol on KNB which is compatible with ERC20. It extends ERC20 and contains more interfaces, such as
decimals. Read the full proposal here: https://github.com/Qbitnetworks/go-ethereum
KNB (and Other Coins) MainNet Switch
Kronobit (KNB) was an ERC20 token on the Ethereum network.
After the launch of Qbit Networks, Kronobit (KNB) is being converted into native KNB tokens on the main network via the exchange platform at qbitscan.com, a pragmatic and efficient way to perform the initial token swap.
Qbit Networks is ready for other projects to migrate their tokens to take advantage of performant transactions with more liquidity options and native marketplace features.
More information about how projects can set themselves up for this (via qbitscan.com or partners) will come soon.
Continue reading below if you are interested in what is happening under the hood!
- Qbit Networks as a Block Chain: about consensus, software stack, network layout and roles.
- Run a Qbit Networks full node: how to run a full node and become part of the p2p network of Qbit Networks.
Thanks to the community, our partners and supporters.