QIE Blockchain Docs
  • QIE Blockchain
  • Fundamental Topics
    • How can i add QIE to Metamask?
    • What is Blockchain?
    • What is QIE?
    • What are Smart Contracts?
    • What are Dapps?
    • What’s Changing in the QIE Blockchain Ecosystem?
    • QIE Blockchain Whitepaper
  • Consensus
    • Consensus
    • What is Proof Of Stake?
    • Proof Of Stake
    • Why Transition to Proof Of Stake?
    • Migration Process
  • Build & API
    • Run a QIE Blockchain full node
      • Starting a Full Node
      • Genesis File
    • Becoming a Validator on the New QIE Blockchain
      • Steps for Validator Setup
    • QIE Blockchain CLI Parameters
    • RPC API
      • QIE methods
      • Txpool methods
      • WEB3 methods
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  1. Fundamental Topics

What’s Changing in the QIE Blockchain Ecosystem?

As we embark on a new chapter in the QIE Blockchain journey, embracing a more sustainable, efficient, and user-centric approach, we want to ensure that our community is fully informed about the significant enhancements that are coming. Here's what you need to know about the transition from our current Proof of Work (PoW) system to the innovative Proof of Stake (PoS) model:

1. Introduction of a New PoS-based Blockchain

  • The New Infrastructure: We are excited to announce the development of a new

    blockchain infrastructure based on the PoS consensus mechanism. This advanced framework promises not only improved energy efficiency but also heightened transaction speed and reliability.

  • Innovative Features: The new chain will incorporate cutting-edge features designed to enhance user experience and expand the functionality of QIE, our native cryptocurrency.

    2. Seamless Migration of Assets

  • Comprehensive Transfer: All existing assets on the QIE Blockchain, including QIE

    holdings, qidex, staking contracts, and NFTs, will be seamlessly migrated to the new

    PoS-based blockchain.

  • No Action Required for Users: Holders of QIE and other assets will not need to take any

    action; the migration process will be automatic and secure, ensuring a smooth transition for all community members.

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Last updated 11 months ago