QFS Wallet Knowledge Base

Quick definitions of blockchain and crypto basics

1) Blockchain
A decentralized digital ledger that records transactions across a distributed network of computers, ensuring transparency and immutability.
2) XRP (Ripple)
A digital payment protocol and cryptocurrency designed for fast, low-cost international money transfers, widely used by banks and financial institutions.
3) Bitcoin
The first and most well-known cryptocurrency, created in 2009, enabling peer-to-peer transactions without intermediaries.
4) Ethereum
A blockchain platform that supports smart contracts and decentralized applications (dApps), powered by its native token, Ether (ETH).
5) Quantum Resistance
Advanced cryptographic security that protects blockchain systems and wallets from potential attacks by future quantum computers.
6) QFS Ledger
A next-generation, quantum-resistant crypto wallet designed for secure multi-blockchain asset management with cross-chain support.
7) ERC-20 Token
A widely used technical standard for tokens created on the Ethereum blockchain, ensuring compatibility across wallets and exchanges.
8) Crypto Wallet
A digital tool (software or hardware) that allows users to securely store, send, and receive cryptocurrencies.
9) Multichain
A system that enables interaction between multiple blockchains, allowing users to transfer assets and data seamlessly across networks.
10) Decentralized
A system or network that operates without a central authority, where control is distributed among participants.
11) Satoshi
The smallest unit of Bitcoin, equal to 0.00000001 BTC. Named after Bitcoin’s creator, Satoshi Nakamoto.
12) KYC (Know Your Customer)
A verification process used by financial services and exchanges to confirm user identity and comply with regulations.
13) AML (Anti-Money Laundering)
A set of laws and procedures aimed at preventing illegal activities like money laundering and terrorist financing in financial systems.
14) 2FA (Two-Factor Authentication)
An extra layer of security requiring users to provide two forms of identification, such as a password and a code from a mobile app.
15) QFS Meaning
QFS stands for Quantum Financial System, a concept of next-generation financial infrastructure that integrates quantum-resistant security, fast transactions, and interoperability across multiple blockchains.
16) Solana
A high-performance blockchain platform designed for scalable decentralized applications (dApps) and crypto transactions with very low fees and high speed.
17) QFS Account
A secure account created within the QFS Ledger system, allowing users to store, manage, and transfer multiple cryptocurrencies with quantum-resistant protection.