The Qortal project is the successor to the project called QORA, which was launched in 2014.
From then on, a team of developers took over and improved it to build an all-in-one platform (QORT). Qortal is, therefore much more than a project; it is an entire Blockchain-based ecosystem that will offer a set of decentralized services. We can mention, for example, decentralized social networks, hosting and the trade portal. It is, therefore, an ecosystem much more advanced than other similar projects.
As previously discussed, the team that took over QORA has been working on both the QORT network and ideas regarding the QORT device for many years (and also with many headaches). And after all this hard work, the QORT project and its devices will finally be launched in less than a month.
Okay, that’ s great, but how does that help me in my daily life?
- Never pay for your internet connection again
Seriously? Yes, let me explain in a simple way, the QORT device is 100% open-source, both in terms of hardware and software. It can be used to mine, yes, it is a small pocket miner who will bring rewards to its owner (yes it’ s you!).
The specification of the device: Quad Core ARM Cortex-A 53 with NEON, FPU, and Java Acceleration. Besides, this all-in-one device will be automatically configured: preconfigured blockchain node, network configuration, and security measures.
So even if you are not a tech whizz, don’t worry, their goal is mass-adoption! But wait, there’s more…
- An all-in-one system to stay anonymous and to be in control of your life.
In a world where web privacy is important, especially after all the recent scandals, we believe that this is a good point to highlight. People like you and I both want to take control of their data and want a free (and secure) Internet, don’t we? After all, we are all crypto-fan and the Bitcoin White Paper is a bit like our Holy Bible. That’s the reason why we have included a Personal Tor Router with Socks5 Proxy that allows you to tunnel your blockchain and browsing traffic through it for your home /office LAN or CoinD directly from the router itself, which is the best anonymous practice today.
A new internet, what services are available?
We are in favor of full decentralization, which is why we created QORT in this way; no entity owns or controls QORT. QORT is a decentralized system with automated decentralized governance, contribution-based rewards, and voting weight, and provide full transparency, security.
Most of the time, similar systems do not have many functionalities; this is not the case with QORT, here are some services you can use:
- The Trade Portal
It’s the main service of the QORT Blockchain; it’s a “TOTALLY DECENTRALIZED TRADING PLATFORM,” which will allow us to make completely cross-chain token and coins trades. During the first phase, only BTC will be used. There will be only one market for BTC/QORT only. So, the system will allow cross-chain trades between BTC and QORT tokens without losing control over your coins. You won’t have to deposit your coins in order to make trades; it’s awesome, isn’t it? You won’t have to worry about exchange security (Mt.Gox, Coinsmarket etc..)
- Increased security
QroTec yourself at all times! QroTecTor gives you more security than any other router, securing you from all kinds of threats and also protecting your cryptos! It will secure your devices by becoming your route.
- Encrypted communications on social media (Mumble/Tor)
The device gives you a default Tor Gateway, which allows you to directly access the digital network either with the device’s wifi network or your existing network. This allows you to browse the Internet and communicate on your social networks in a secure and encrypted way, as is the case with Mumble.
Mumble will provide you with a fully encrypted voice and text communication system. And even better, you can install the application on your phone to encrypt your communications.
And the best part of it? You no longer need to pay a VPN.
- Built-in Web Server
A built-in web server will allow you to host your own blogs, sites, services without having to buy a new computer or server.
- An alternative to Dropbox (cloud server)
Are you tired of GAFAs asking you for a DNA sample so you can store your data on their servers? Besides, the data present can still be public.
Guess what? We have our own alternative “OwnCloud” a private version of the big cloud service, you can use it to sync your files automatically from multiple devices, upload pictures from your phone automatically, to track your kids (he better be at school), a video and music addon and a huge choice of plugins.
- Other features I can expect in the future
A full Desktop OS to replace your Desktop, QrotecTor mobility which is a mobile version with a battery attachment and expanded Wi-fi Range, everything will be decentralized and anonymous, but also Entreprise Networking which is a future version with improved features for Enterprise needs.
We made an effort for the launch phase to make our project visible and to have it experimented by several users.
The price for the pre-sale is $185 (for the first 100 orders), then for the next 100 orders, the price will go up to $225 then to $250 for the final phase.
They are different payment methods; you can use BTC, LTC, and USD (bank wires, debit and credit cards).
Are you reading to be QroTected and never pay your internet bills again? Buy it here. The amount of the initial investment will be recouped in just a few months.
More info about the project:
Coinbase Targets Direct Nasdaq Listing of its Class A Common Stock
After the confidential submission of a draft registration statement to become a publicly-traded company announced last year, Coinbase has taken a major step to be listed on the giant US stock exchange – Nasdaq.
- CryptoPotato reported earlier that Coinbase had submitted a confidential draft registration statement to the US Securities and Exchange Commission (SEC) to go public via a direct listing instead of an IPO. Initial estimations suggested that the potential valuation was at about $28 billion.
- Earlier today, the company announced that it had filed a registration statement on Form S-1 with the Commission “relating to a proposed public direct listing of its Class A common stock.”
- This signifies a vital step towards becoming a publicly-traded company. Coinbase plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “COIN.”
- It’s worth noting, though, that while the registration statement has been filed, it has yet to become effective. As the company explained it:
“These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.”
- Furthermore, Coinbase asserted that its filing doesn’t “constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.”
- The company reported that its net revenue results for 2020 were substantially larger than the 2019 numbers – $1.1 billion against $483 million. The expenses had also increased from $580 million in 2019 to nearly $870 million last year.
Polkadot, Ethereum Classic, IOST Price Analysis: 25 February
Polkadot saw a bounce to $36 after touching $28 over the past few days, but it has once again sunk beneath the $34 mark. Ethereum Classic also found some resistance at the $12 mark, and IOST showed rising bearish pressure.
The Supertrend indicator showed a sell signal for DOT after it slipped beneath the descending channel (cyan) and plunged to $28. However, since then it has made a recovery toward $34-but whether this is more of a bounce rather than a recovery is a pertinent question.
At the time of writing, trading volume did not really back the recent price rise, indicating that it was indeed a bounce. The Awesome Oscillator showed bearish momentum, but no real strength over the past few hours.
Key levels to watch out for are $34.5 and $36 above it. A rejection would indicate bearish strength, while a flip to support can be used to enter a long position on a retest.
Ethereum Classic [ETC]
Using the Fibonacci retracement tool for ETC’s drop from $18 to $9, some levels of importance are highlighted. The RSI showed bears were in control of the market over the past couple of days, as the RSI stayed beneath the neutral 50 value.
The Parabolic SAR climbed into overbought territory even as the price slipped beneath the 38.2% retracement level- which was not an encouraging sign for the bulls.
It is likely that ETC would continue to move lower, toward the $10.75 mark once more.
IOST was in a steady short-term decline. It attempted a recovery, on strong trading volume, to $0.059 from the depths of $0.039. However, bears were able to force the price lower once more.
An interesting aspect is a lack of buying strength when IOST began to slip after a rejection at $0.059. This showed that bears were in control. The levels that bulls would try to defend are the $0.044 and $0.039 levels.
A defense of either of these levels over the next couple of days would point toward weakening bearish pressure in the short-term, and another possible recovery back toward $0.059.
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Inside the blockchain developer’s mind: Koinos approaches testnet
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In Part Four, Andrew Levine of Koinos Group discusses some of the challenges the team has faced since identifying the key issues they intend to solve.
In this post I will summarize the solutions we’ve developed to these problems, which we will be showcasing in the upcoming Koinos testnet planned for the second quarter of 2021.
Since that series Koinos Group has successfully launched a token, KOIN, as a proof of work mineable token on Ethereum. By using proof of work to distribute the initial token supply we were able make the token accessible to early adopters and forgo an ICO.
Assessing the ICO model
ICOs and similar token sale tools, while not without their use cases, have created their own crisis within the space by misaligning incentives before development even begins. The issue is not with the ICO as a tool, but what happens when a team is financially rewarded before they have even shipped a product.
While so many projects have followed in the footsteps of Bitcoin, it’s surprising how few have replicated arguably the most successful aspect of its launch; a token distribution exclusively through proof of work.
The benefit of this approach is that it ensures with algorithmic certainty that the people behind the blockchain have no advantage in acquiring the token. In short, everyone, no matter who they are, has to make a financial sacrifice in order to acquire that token and the scale of that sacrifice is determined by some neutral third party. In the case of proof of work, that neutral third party is the manufacturer of hardware.
For Koinos Group, that means we had to spend money to acquire our token just like everyone else. In fact, because we have to spend most of our time developing the product, we are even at a disadvantage relative to professional miners. So we have to keep working to add value to the protocol if we’d like to get a return on our investment.
Proof of work algorithms are not without their problems, but we mitigated those in a few ways.
- First, the mainnet will be governed by a totally different consensus algorithm that won’t be proof of work or proof of stake, so any attempt to develop an ASIC would be a waste of resources.
- Second, we made the algorithm GPU resistant.
- Third, we released this token long before releasing our mainnet. In fact, we released the token long before we had even completed development of our framework. Without a functional product, this token becomes a way for people who believe in our team and who share our vision for a fee-less smart contract platform to acquire the token at a reasonable cost.
Rapid rate of improvement
Part of what makes this launch strategy work is the innovative property set of Koinos. We built Koinos totally from scratch, not around any single feature like transactions per second or sharding, but with the goal of creating a blockchain that would improve at a much more rapid rate than any other blockchain out there.
In our experience developing the Steem blockchain, the need to execute hard forks was the single biggest factor holding back progress. If we wanted to eliminate that bottleneck, we reasoned, moving as much of the system code as possible into smart contracts that could be upgraded in-band would do the trick.
That’s why the Koinos blockchain framework contains only the most basic blockchain features (called “thunks”) like contract input/input, getting parameters, and writing to the database. All of the more complex features that people are more familiar with (consensus algorithm, accounts, resource management, governance, etc.) have been moved into modular WASM smart contracts running in the virtual machine that can be upgraded without a hard fork.
Because all behaviors are now coded in distinct “modules” that can be individually “upgraded” we call this feature modular upgradeability.
As a result of modular upgradeability, any behavior can be added to the blockchain without a hard fork because individual upgrades can be distributed in blocks and transactions that are pushed to the network much like an operating system patch, but with the added benefit of an on-chain record of the entire upgrade path.
By moving nearly all of the system code of the blockchain to smart contract modules that can be upgraded without a hard fork we have made Koinos into a blockchain that derives its strength not from the features it is born with, but based on its ability to rapidly acquire new and better features faster than anything else out there.
This is why we call Koinos the first blockchain capable of evolution.
Modular upgradeability was just the first major technical innovation that we developed to make Koinos less monolithic and an order of magnitude more upgradeable. Just like there is code that does not need to be implemented natively (in the blockchain itself) but that can be implemented as smart contracts (most of it in fact), there is plenty of code that does not need to be implemented either natively or as smart contracts and can instead be implemented as microservices.
Microservice architectures have many benefits which is why this has become the industry standard for modern software development, but one major benefit is scalability because individual services can be scaled up without having to scale up the entire system. This can dramatically reduce the cost of running a network while improving both the speed and quality of improvements to that network. As a result of historical accidents, blockchain stacks appear to be the last to adopt this new standard as Koinos will be the first blockchain built on a microservice architecture.
This creates amazing new opportunities for developers who will be able to build application specific microservices for Koinos that will help them run their nodes, and their applications, more efficiently; and as a consequence deliver better user experiences. Best of all, this will make Koinos node operation more accessible, thereby improving decentralization, and enabling the network as a whole to run more efficiently so that developers and their end-users can get more out of their decentralized applications.
Another benefit of a microservice architecture is that individual microservices (basically small programs) can be written in the best (fastest, most secure, best libraries, etc.) programming language for the job, a capability we also wanted to offer for smart contract developers. But in order to take advantage of this trait we needed to develop a way for these small programs written in different languages to “talk” to one another in a way that conformed to the unique needs of a decentralized network. To solve this problem we created a cross-language serialization framework named Koinos Types.
Koinos Types is like the Rosetta Stone for blockchain data structures. It allows programs written in different languages to talk to one another in a simple and unified way by giving them access to the same objects (the “building blocks” of modern programming languages). Koinos Types allows for the interpretation of Koinos (i.e. blockchain) data structures in practically any programming language which will be extremely useful for the development of blockchain-related microservices, clients, and smart contracts.
Koinos Types solves a number of problems. It helps us add multi-language support to Koinos more generally (including for smart contracts), it enables microservices to communicate with one another, and it makes it far easier to develop and update client-libraries. While modular upgradeability and the microservices architecture alone make Koinos far more upgradeable than any other blockchain, Koinos Types takes that upgradeability to another level. That’s why we were so excited to make Koinos Types the first piece of Koinos that we open sourced.
As you can see, ensuring that Koinos can improve at a more rapid rate than any other blockchain isn’t about any one feature.
- It’s about getting the incentives right from the beginning.
- It’s about ensuring that the blockchain has modular upgradeability.
- It’s about modularizing the very architecture itself as microservices.
- And it’s about making sure that developers operating at every level of the stack (not just smart contracts) are able to use the programming languages they already know and love.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Andrew Levine is the CEO of Koinos Group, where he and the former development team behind the Steem blockchain build blockchain-based solutions that empower people to take ownership and control over their digital selves. Their foundational product is Koinos, a high-performance blockchain built on an entirely new framework architected to give developers the features they need in order to deliver the user experiences necessary to spread blockchain adoption to the masses.
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