Qortal Project

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Qortal Launch Phases

UPDATE: To no surprise with such a massive project and all sorts of hurdles, things have not gone as planned or been picture perfect. As a result the below information was more more of a target idea we had envisioned. More so referring to having basic trade functions and voting in place with Phase 1. Basic BTC/QORT trade functions were launched in Phase 2. Voting system has not been launched in Phases 1 or 2. Implementing LTC and voting are the next big implementations before Phase 3. Please go to the Qortal Update Center for more accurate history and current info.

(All Phases after Phase 1 will be pushed in an auto-update to the system)

Phase 1: Network Launch, Minter Accounts with Leveling, Voting System, Basic Network Functionality, and potentially Basic Trade Options with BTC, without extensive order books.

Phase 2: around 1 month after Phase 1 launch, pushed in an auto-update - Trade Portal addition with at least BTC/QORT market. Implementing LTC then taking votes and suggestions on next coin/token to list.

Phase 3: pushed in an auto-update - Data Storage, Data Nodes, Data SuperNodes, Rewards for each based on fees paid by users of the storage, and Web Hosting for client side languages.

Phase 4: pushed in a future auto-update - Blogs, Social Media, Communication with Rewards and Levels for content creators.

Phase 1 Launch Base Features

(items with * are not for sure yet)

  • QORT Coin (main platform ‘coin’)
  • Shared Minter Rewards (reward-share transactions)
  • Minting & Rewards for Securing Blockchain
  • *Simple BTC/QORT Trade System prior to full Trade Portal*
  • Minter Creation via ‘Sponsorship’
  • Leveling for Minters
  • Voting System Based on Level
  • QORA Asset / Transition at 250 QORA to 1 QORT Ratio (250:1)
  • Custom Web Based UI Platform
  • Simple Account Creation
  • Secure Access Through Local or Hosted Nodes
  • *Asset System for Coin/Token Creation*
  • *Asset Exchange for Trade of Assets to Qortal*
  • (Trade Portal will allow asset/BTC trades in future updates)
  • Built-in Block Explorer
  • *Code Repo on Qortal Itself*
  • *Qortal Site Hosted on Qortal Prior to Public Hosting Options*

Features Planned and Status TLDR

Trade Portal: Back End Complete - Front End (User Interface) in Development - Phase 2 launch update - planned within a month of Phase 1 launch. Updates in Qortal take place automatically (auto-update feature is another feature that is unique to Qortal) once the official version is approved and tested by the community.

QrowdFund Decentralized Crowdfunding with BTC Support: Back End and SmartContract Complete with automation of creation - Front End built in QORA; needs transferring to the new hosting method in Qortal - Planned for after Phase 2 implementation. A previous QORA application and SmartContract system that allows for decentralized automated CrowdFunding. With added support for BTC thanks to native BTC support in Qortal.

Committees & Funds: Planned for around Phase 2 . Allow users to create funds with shared contribution from Minters or creation of committees (groups) for various use cases within the system, clubs and so on.

Data Storage, Data Nodes & Data SuperNodes (with Rewards): Planned for Phase 3. Most of the back end work is complete. Rules and some UI work needed.

Decentralized Code Repo (on Qortal itself): Planned for Phase 3. Hosting the code repo on the platform itself for no reliance upon centralized services for code updates.

Public Decentralized GitHub Repo for Other Projects: Planned around Phase 3. Hopefully the first ‘hosted app’ on the platform. Allowing others to utilize Qortal’s decentralized network for their GitHub repos.

Web Hosting: Planned for after Phase 4. Allowing users to host websites on the decentralized network of Qortal. Utilizing the Data Nodes to store the data. Client Side languages supported first followed by support for Server Side; along with rewards for dedication of both space and computer power.

Blogs/Social Media (with Rewards): Planned for Phase 4. Allowing users to post blog posts and be rewarded for the content. Other users can vote on the content and increase the content creator’s level to receive larger rewards and higher influence. This also needs more thought for the details of the system as far as where rewards will come from/counterparts. Modification of block rewards may be necessary during this phase.

Application Hosting: Planned for after Phase 4. This will be the support for applications hosted on Qortal; will require details regarding how every aspect will function as well as how server side hosting and sharing of CPU power/Data required will take place within the system.

qortal_launch_phases.txt · Last modified: 2020/09/12 15:28 by gfactor