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Qbit Currency Technical FAQs

Qbit Currency Technical FAQs


After you download the Qbit software (GUI and CLI ), your antivirus or firewall may flag the executables as malware. Some antivirus programs give you a warning and let you continue if you wish, Some will remove the downloaded wallet/daemon. This happens because Qbit has an integrated miner for mining Qbit and for block verification. Some antiviruses consider a miner as dangerous software and act to either block or remove the program. This problem is being worked on by different groups and solutions are being proposed. In the meantime, if you get warnings from your antivirus program, make sure the software you downloaded is legitimate then add an exception for it in your antivirus, so that it won't get removed or blocked. ....
With a lightweight wallet you give your view key to a node, who then scans the blockchain and looks for incoming transactions to your account public address. The node will know when you receive money but will not know how much you received, who you received it from, or who you are sending the money to. Depending on which wallet you decide to use you may be able to use a node you control to mitigate any privacy leaks. For more privacy use a normal wallet, which can be used with your own node.
Running your own node is the safest way to interact with the Qbit Currency network, you have full control without interacting with/or using a third party. Running a node is not dangerous but please bear in mind that your ISP can see you are running a Qbit Currency node. ...
The best advice for privacy-conscious users is to use a personal node when transacting on the network this offers you the best privacy use. For convenience sake some users prefer to use a remote node which is not under their control (public nodes). The convenience of not having to deal with a personal copy of the blockchain has a trade off: less privacy for the users and payments transacted on the chain...
Remote node operators can see what IP address a transaction originates from even if they cannot see the recipient or the amount that was sent in a transaction, in very extreme cases they may be able to make attacks that reduce your privacy and expose details you dont want people to see. Some dangers may be mitigated by using remote nodes on the Tor or I2P networks or using a good VPN service..
Qbit have made it worthwhile and profitable for users to run a public node to support the QbitNetwork, Node operators can charge a transaction fee for verifying transactions on their own nodes, Qbit nodes charge Q 1.00 per transaction, at today's value that would be 0.20 pence or cents etc per transaction no matter how big the transaction. Instructions for spinning up a node can be found at https://github.com/k7n2g/Qbit => most people will find the Ubuntu 18.04 vps with vultr.com easy to use and you can get $100 to test out the vultr platform use this code you get something, we get something beneficial all round, https://www.vultr.com/?ref=8666114-6G now thats got to be a good deal for Qbit users, Use the "For Everyone" instruction set and it builds like a dream, from the build directory cd into /src. Many users get to the end then cannot get it to run, so do this, Install ufw if not already installed: then do, sudo ufw allow 22/tcp 20100/tcp 20101/tcp sudo ufw enable, to next "yes" then do: ./QbitNetworkd --rpc-bind-port=20101 --rpc-bind-ip 0.0.0.0 --enable-blockexplorer-detailed --fee-amount 1.00 --fee-address < your account address here> hey presto its running, feel good your supporting others and earning Q for your help.
Qbit Currency is not like any other currency used today, It is the Currency of Now and the Future a fungible and divisible digital asset with a value uncontrolled by Bankers and Governments, and available for all to use, each Q is for all practical personal and merchantable purposes made up of 100 Bits in practical use, the Q is as any fiat currency 100 Bits, Cents,Pence etc, as are most fiat currencies in use today like the Dollar 100 cents to a Dollar, GBP 100 pence to a pound, and is divisible for exchange trading into four decimal places after the decimal point ie: 1.0000 Divisible units vary by currency; but the Q 0.00 would be in practical terms as 0.2000 results in a value of 0.20 pence or cents, So buy a loaf for £1.20 pence thats equal to Q6 = 6.00bits no conversions, no hassle, with accounting and bookkeeping single entry and double entry no changes needed when using the Qbit Global payment Platform...
DNSSEC is aimed at strengthening trust in the Internet by helping to protect users from redirection to fraudulent websites and unintended addresses. In such a way, malicious activities like cache poisoning, pharming, and man-in-the-middle attacks can be prevented. The DNS is used to translate domain names like example.com into numeric Internet addresses such as 136.121.0.6. Although this address system is very efficient for computers to read and process the data, it is very difficult for people to remember. Let's say that every time when you need to check a website, you are required to remember the IP address of the server where it is located. People often call the DNS system the phone book of the Internet. To solve this problem, a numeric IP address was attached to every domain name. The website addresses we know are actually domain names. Domain name information is stored and accessed on special servers, known as domain name servers, that convert domain names into IP addresses and vice versa. The top level of the DNS resides in the root zone where all IP addresses and domain names are kept in databases and sorted by top-level domain name, such as .com, .net, .org, etc. When the DNS was first implemented, it was not secured, and soon after being put into use, several vulnerabilities were discovered. As a result, a security system was developed in the form of extensions that could be added to the existing DNS protocols. Domain name system security extensions (DNSSEC) are a set of protocols that add a layer of security to the domain name system (DNS) lookup and exchange processes, which have become integral in accessing websites through the Internet. DNSSEC authenticates the resolution of IP addresses with a cryptographic signature, to make sure that answers provided by the DNS server are valid and authentic. In case DNSSEC is properly enabled for your domain name, the visitors can be ensured that they are connecting to the actual website corresponding to a particular domain name, Qbit uses this method for added protection of its nodes and other websites ...

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