Quadrature Phase Shift Keying
A Modulation Scheme where the Phase of the modulated signal is shifted depending on the incoming bitstream by an angle of -135°, -45°, +45° or +135°. Thus 4 states (a two-digit binary symbol) can get expressed in every transition.
In order to minimize the used Bandwidth allocated on the Transponder the outgoing signal is usually filtered using digital low-pass FIR Filters with smooth roll-off so that the high-order noise of the sudden state changes gets removed.
let's place the famous four-modulation-point-phasediagram-picture here...