What is QIE?

The native cryptocurrency of the QIE Blockchain is called QIE. In order to provide a market for computation, QIE was created. Such a market gives participants a financial incentive to validate and execute transaction requests and gives the network computational resources.

Any participant that broadcasts a transaction request is also required to provide a bounty to the network in the form of some QIE. Whoever completes the process of verifying the transaction, carrying it out, committing it to the blockchain, and broadcasting it to the network will ultimately receive this payout.

The amount of QIE paid is in accordance with the time needed to complete the calculation. Due to the fact that these players must pay for computing time, these bounties also stop malicious participants from purposefully clogging the network by requesting the execution of infinite computation or other resource-intensive scripts.