Qitmeer Network Price(MEER)

At its core, Qitmeer Network is a blockchain project that harnesses the advanced features of a BlockDAG (Directed Acyclic Graph) architecture. This innovative consensus protocol engine is pivotal to the network's functionality, providing an ideal equilibrium of security, openness, fairness, and scalability.

The network employs a classic Proof of Work (PoW) consensus mechanism, allowing for robust transaction validation while ensuring the integrity of the system. In conjunction with this, it utilizes the Unspent Transaction Output (UTXO) data model, which is essential for maintaining a clear record of transactions and balances.

One of the defining characteristics of Qitmeer Network is its unique asset issuing mechanism. This approach mandates that any issued assets must be backed by a reserve of the native currency, creating alignment with core ethical financial values. This level of integration ensures that the financial activities conducted on the platform adhere to socially responsible principles.