Qitmeer Network’s Pledge: Co-Building a Transparently Regulated Blockchain Future
📣 Dear Qitmeer Network community members,
The characteristics of blockchain have positioned its achieved networks as ideal utopias. However, beneath this idealism lies numerous disharmonies, turning blockchain into a double-edged sword.
As we vigorously advance blockchain project development, we are also mindful of addressing the regulatory challenges posed by blockchain technology, including issues of personal privacy infringement, intellectual property protection, legal liabilities, and the associated challenges.
⚡️ Therefore, we are committed to conveying a clear regulatory stance to all our loyal supporters：
(1) We firmly believe that future financial infrastructures could adopt blockchain technology for extensive research and development to revolutionize the financial system. Nevertheless, the evolution of blockchain is often accompanied by regulatory challenges and legal uncertainties stemming from new technology.
We acknowledge the significance of robust regulatory mechanisms for upholding societal stability and legal fairness, a consensus that resonates across diverse industries. As an open blockchain network, Qitmeer Network is committed to actively integrating with local regulations, firmly convinced that a favorable regulatory environment contributes to the network’s healthy and stable growth.
(2) As an open and decentralized network, any project and any user can freely construct and interact within the network. This embodies the essence of blockchain and serves as the fundamental basis for its continuous development. However, such a mechanism also provides an opportunity for malicious actors. We cannot control the intentions of any ecological project, which is why we urge users to exercise caution when engaging in ecosystems they have not thoroughly understood.
Concurrently, we also hope that developers within the Qitmeer Network ecosystem will attract users with their own values and innovations, providing legitimate and compliant services to users. This approach will fully harness the essence of blockchain technology rather than relying on the Qitmeer name for misleading promotion.
(3) Given the opportunity, Qitmeer Network is willing to collaborate closely with relevant authorities, actively striving for consensus with regulatory bodies to mutually promote the healthy development of the entire blockchain ecosystem. The blockchain of the future should not merely be regulated but actively supportive of regulation.
The selection of Proof of Work (PoW) as the underlying network mechanism precisely aims to harmonize with various regulatory policies. The PoW mechanism not only ensures network security and decentralization but also transparently records all transactions and activities, providing necessary data and visibility to regulatory agencies. We will ensure that our project’s operations align not only with the value of technological innovation but also with regulatory compliance requirements.
🌏 Qitmeer Network will continue its commitment to driving innovation and sustainable development in blockchain technology, creating profound value for society and the market. We extend our gratitude for the ongoing support and trust from the community. We will relentlessly strive to realize this vision.
Qitmeer Team
