ASIA TOP CRYPTOCURRENCY EXPERT
Discover new opportunities with Blockchain and Software solutions.
WHO WE ARE
Quanli Technology is a team of veteran experts in the blockchain, digital assets, financial, funding, legal, marketing and business space. Incorporated in Shenzhen and Hong Kong, Quanli Group is located at the heart of Asia with a network of worldwide specialists to provide clients a better blockchain solution.
The most important part of our business is to optimize our clients business process through a combination of solutions and tailored services. We work closely with our clients to meet their objectives by improving the system structure, technical support, creative support, system maintenance and custom development solutions.
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Don & Alex Tapscott, authors Blockchain Revolution (2016)
Blockchain is a distributed database .Picture a spreadsheet that is duplicated thousands of times across a network of computers. Then imagine that this network is designed to regularly update this spreadsheet and you have a basic understanding of the blockchain.
Bitcoin, the decentralized network, allows users to transact directly, peer to peer, without a middle man to manage the exchange of funds. The digital asset, bitcoin, is used like other assets in exchange for goods and services. Unlike traditional currencies and assets, bitcoin is easily portable, divisible, and irreversible. Bitcoin increases system efficiency and enables the provision of financial services at a drastically lower cost, giving users more power and freedom.
Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.
ICO is the abbreviation of Initial Coin Offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum. Since 2013 ICOs are often used to fund the development of new cryptocurrencies. The pre-created token can be easily sold and traded on all cryptocurrency exchanges if there is demand for them.
Unfortunately it is not possible to reverse a transaction based on the design of Bitcoin.