Qitmeer is a public chain based on BlockDAG (directed acyclic graph), dedicated to serving the ecosystem of ethical finance and socially responsible trading. The platform aims to create a financial infrastructure to enhance financial inclusion and create social impact. The platform aims to design an asset issuing mechanism that requires the reserve of native cryptocurrency with core ethical financial values.

According to the whitepaper, the blockchain infrastructure has faced various challenges from a technical perspective. Qitmeer aims to take openness, fairness, fault tolerance, and scalability as the core metrics to assess a blockchain paradigm. This platform has adopted the classic proof-of-work (PoW) consensus and unspent transaction output (UTXO) data model. This means the platform can improve transaction per second (TPS) speeds while securing the network.

The main features the Qitmeer platform aims to offer are:

With the support of the HLC Foundation, the research and development of Qitmeer was initiated at the beginning of 2018. The updated whitepaper was released on March 26, 2020. The team includes cofounders Prof. Abdussalam I. Onagun, Abdullah Han, Dr. Sulaiman Liu, and Ronald Yousuf Wijaya. Effendy Zulkifly is the council member. Prof. Datuk Rifaat Ahmed Abdel Karim, Mohammed Burhan Arbouna, Yen Wan Zaheran, Umar Munshi, Ronnie Faizal Tan, and Dr. Omar Fisher are advisers.

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