Qortal Project

The future of blockchain platforms

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fundamental_principles [05/15/2024 13:33] – [Mission Statement] croweticfundamental_principles [05/15/2024 13:58] (current) – crowetic
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 ===== Fundamental Principles of Qortal ===== ===== Fundamental Principles of Qortal =====
  
-Let’s be honest, the world as we know it is full of corrupt leadership and inexcusable censored control over our lives. The time is past due for the people of the world to unite, live in harmony, and regain control of their lives as much as can reasonably be obtained. Qortal aims to put the power back in the hands of the people when it comes to banking, free trade, freedom of speech, freedom of information, freedom of censorship, right to privacy, and right to a truly democratic system where their vote matters. Welcome to Qortal. The first revolutionary concept that aims to achieve all of these rights within a platform and network utilizing blockchain technology. +Qortal is established to provide freedom for every individual within the digital world. This default foundational freedom is integrated into the core of the platform, and controlled by rules enforced by consensus. Qortal provides a new type of consensus model that has never been utilized in any blockchain before. With this model 'anyone' with 'any computer' can potentially become a foundational user of the system, and assist with the 'signing' (or creating) of new blocks (transactions on the network within a given period of time) into the blockchain (distributed database and ledger).
  
-The Founders of the Qortal Project understand that in a picture perfect world, everything  would be 100% decentralized in all facets, although the reality is that limited governance is still needed as the world is truly full of bad actors. Therefore, Qortal’s goal is to focus on true democracy and as much decentralization as possible. Qortal’s core infrastructure has a codebase that is maintained by DevTeam Admins. This is strictly to ensure what code is added to the project’s core is truly honest and fair while combating the potential for bad actors to attack the codebase. With blockchain technology, the codebase is law and nothing can sabotage the laws written into the code! With that said, the focus of the development team is to develop a Voting System which allows the community to help drive the direction of the project. +In order to accomplish such a goal never before accomplished, Qortal comprises a set of completely new concepts built into a blockchain-secured network that provides unparalleled decentralized/distributed functionality. A core concept of the platform is that everyone should be able to make a home on the network, whether that home for them is running a bunch of powerful nodes and storing and providing as much data to users as possible, or simply making use of Qortal's communications systems to securely chat with friends/family, Qortal aims to make it easy and fun to become part of the new digital world.
  
-Qortal is intended to provide a Groups system where anyone can create a Group and have admin privileges over their members and content. So although there will be no direct censorship over the Groups by the DevTeam, the admins of individual Groups will be empowered to choose what content they wish to see in their sub-community. The same goes for each individual using the platform, it should be up to the individual to decide what content they wish to see or not see. This is a very strong fundamental principle of the Founders as the focus is to combat and remove all concerns with Big Tech’s overreach and politically biased censorship powers.+Qortal contains means to establish many different types of additional concepts that have not been planned for development directly by the Qortal Development Group, thus opening the door for the users to help directly in determination of the future of the platform. Users have 100% autonomy in decision-making, development, and release of their own websites, applications, and means to leverage existing functionality provided by the Qortal API. With this freedom, any new and exciting concept may come to fruition WITHOUT any 'approval' needed by any 'leadership'. The only 'approval' that is required in order to build a website or application with any functionality possible, is a 'Registered Name' on the Qortal Network. Once that name is obtained, any application or website may be created that leverages any existing functionality exposed to it by the Qortal API. 
  
-The DevTeam Admins are a set of Founders and hand-picked developers. These developers are vetted for based on time and contribution. This is an important point to make in order for everyone to understand that the Founders aim to help direct the project in the proper direction, then ideally be able to elect more team members who can help further the project’s development with less need for the Founders as Qortal is designed to be a project that can outlive us all if done correctly.+At Genesis, a core group of 18 worldwide individuals came together and presented a concept of 'the ultimate blockchain-secured decentralized distributed network'. Those 18 individuals were gifted a 'founder account' on the network. These accounts were not meant to provide a 'class' of users or for anyone to feel as though they are 'above' anyone else in any way, but instead were included as a means to ensure early security of the new consensus model, and to provide means for those whom without their contributions the platform would have lacked a crucial component, a method to obtain something for their efforts. (Unfortunately, this concept did not play out exactly as it was intended to, and development is currently planning a proposal for a modification of the founder rewards, which will be made available for community opinion and voting as soon as it is ready.)
  
-The Founders also pay homage to the founding concepts behind the original blockchain project which brought this technology to the world’s attention - Bitcoin. To briefly recap, the original concepts behind the white paper of Bitcoin were to: +Qortal, like Bitcoin, provides also the following: 
  
-  * Create electronic “cash” with an emphasis on anonymity and independence from conventional financial institutions +  * A Peer-to-Peer (P2P) blockchain-based coin (QORT) that is created from block 0 with 0 coins, and minted from there by users of the network.  
-  * Create a method for peer-to-peer transactions to take place on-chain securely  +  * Distributed ledger with both transparency and privacy. (more detail below) 
-  * Create a way for people to be rewarded for supporting the network +  * Removal of all centralized components from the creation, distribution, and execution of transactions therein.
-  * Make all of this possible with basic computer systems+
  
-The problem that Bitcoin ultimately ran into was a flaw in the mining algorithm which was intended to create a fair rewards system but instead became unfair and dependent upon the individual’s financial capabilities. The original concept behind Bitcoin’s original white paper also included a concept that allowed people to mine BTC on their home computers as opposed to expensive hardware and power costs. Over time, however, that was destroyed by the invention of mining software that was much faster running on Graphics processors, then eventually running on ASIC machines, specifically built to mine Bitcoin’s mining algorithm. This led to the centralization of power on Bitcoin’s network and into the hands of people who have enough money to buy massive amounts of the ASIC machines and afford to operate them. +However, Qortal, Unlike Bitcoin, also provides an entire infrastructure with which to leverage and provide value to QORT. This, in the opinion of Qortal, is where Bitcoin failed. Without a decentralized infrastructure, and network that provides other functionality and use cases for the coin, the inevitable centralizing and controlling done by large corporations around the world, will seep into the decentralized technology space, and seek to do the exact same thing there. (This is exactly what has taken place since Bitcoin's launch in 2009. Centralized exchanges, and service providers now run the majority of the services actually utilized by those that claim to be 'bitcoin users'. When in reality they are not using bitcoin at all, but a centralized database with numbers pretending to be bitcoins, and services that are no different than centralized services of any other kind. Most users of bitcoin these days do not even run a node, hardly anyone mines, and the vast majority of the network is actually run by large companies. Exactly the opposite of what the founder(s) of bitcoin claimed to build it for.)  
 + 
 +One of the problems that Bitcoin ultimately ran into was in regard to its mining process, which was intended to create a fair rewards system. Due to the fact that more bitcoin can be mined with larger amounts of compute power, and that alone, only users with large amounts of resources with which to acquire said compute power, can actually take part in the mining process. The concept behind Bitcoin’s original white paper also included alloweing people to mine BTC on their home computers. Over time, however, that was destroyed by the invention of mining software that was much faster running on Graphics processors, then eventually running on ASIC machines, specifically built to mine Bitcoin’s mining algorithm. This led to the centralization of power on Bitcoin’s network and into the hands of people who have enough money to buy massive amounts of the ASIC machines and afford to operate them. 
  
 Qortal's 'minting' system resolves this flaw experienced with Bitcoin. Minting is the process of ‘finding blocks’ on the chain. Qortal does not use Proof of Work (PoW) or Proof of Stake (PoS) like most traditional chains, but instead uses ‘minting’. Qortal does not reward the block signer but rather rewards every minter who is online, synced, and minting! Say goodbye to the battle of MINING and welcome in a fair new system where everyone is rewarded for EVERY block minted. Minting does not use high amounts of electricity, and it also does not require the users wishing to mint, to have a huge amount of QORT or any other asset with which to do so. Instead, minters must prove themselves as a 'contributing member' of the network, to be a minter. In other words, every account is rewarded for running a full node and supporting the network. Qortal's 'minting' system resolves this flaw experienced with Bitcoin. Minting is the process of ‘finding blocks’ on the chain. Qortal does not use Proof of Work (PoW) or Proof of Stake (PoS) like most traditional chains, but instead uses ‘minting’. Qortal does not reward the block signer but rather rewards every minter who is online, synced, and minting! Say goodbye to the battle of MINING and welcome in a fair new system where everyone is rewarded for EVERY block minted. Minting does not use high amounts of electricity, and it also does not require the users wishing to mint, to have a huge amount of QORT or any other asset with which to do so. Instead, minters must prove themselves as a 'contributing member' of the network, to be a minter. In other words, every account is rewarded for running a full node and supporting the network.
fundamental_principles.txt · Last modified: 05/15/2024 13:58 by crowetic

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