Review on QASH by francis fernandez
Qash: the fuel of the Liquid chain
Cryptocurrency projects continually compete to stay at the top of the rankig; however, only those that have valuable characteristics in their structure that allow them to be highly scalable, more secure and multifunctional achieve this.
Token:
Qash is a digital asset that serves as an instrument for the development of blockchain services offered by the Liquid network. Qash operates on the Ethereum chain; that makes it an ERC-20 token.
The Qash token went on the market in 2017 and has a maximum supply of 1,000,000,000 QASHs.
Token Utilities:
One of the advantages offered by the Qash token is its ability to execute large volumes of operations per second. This makes it the ideal cryptocurrency for Liquid's multi-currency exchange.
Another important feature of Qash is the possibility it offers to develop smart contracts in a decentralized way. This is possible because it works on the Ethereum chain.
In this sense, the main function of Qash is to serve as a base mechanism to carry out distributed transactions without intermediaries from the original Liquid chain; becoming a form of payment that works through the Quone trading protocol.
In this way, Qash represents one of the most scalable digital assets, with low transaction fees and safer to perform trading functions and obtain the best returns.
Mining:
The Qash cryptocurrency generation procedure is carried out through a mechanism called forging; It runs using the Proof of Stake (POS) consensus protocol.
Pros
- It is a secure form of payment
- Serves as fuel for Liquid operation
- Allows you to perform a large volume of operations quickly
Cons
- It has no downsides
