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qortal_in_a_nutshell [01/29/2022 22:35] – gfactor | qortal_in_a_nutshell [01/29/2022 23:16] – gfactor | ||
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*True peer-to-peer trading (P2P) | *True peer-to-peer trading (P2P) | ||
*Web hosting and data storage where freedom of speech and trade of information can thrive | *Web hosting and data storage where freedom of speech and trade of information can thrive | ||
- | *Social media safe haven where only admins of their self-created groups can censor and have control over | + | *Social media safe haven where only admins of self-created groups can censor and have control over |
*Encrypted peer-to-peer text, voice, and video communications | *Encrypted peer-to-peer text, voice, and video communications | ||
*Mesh network data service with satellite bridging as an alternative to an internet service provider (ISP) | *Mesh network data service with satellite bridging as an alternative to an internet service provider (ISP) | ||
*Infrastructure for ethical third-party projects to build on | *Infrastructure for ethical third-party projects to build on | ||
- | The Qortal | + | The Qortal |
- | So who controls the codebase of this ambitious project and are there any vulnerabilities? | + | So who controls the codebase of this ambitious project and are there any vulnerabilities? |
- | We are only one year into launch | + | We launched the Genesis block on June 29th 2020, and have a lot to work towards, but all of this can and will be done thanks to the strong community we’ve built and continue to grow. We’ve done all of this with hardly any funding and developers! The codebase is open source for both the blockchain and the Raspberry Pi hardware which can operate as a stand-alone desktop and blockchain node. Crowetic Hardware Development (CHD) is a new company that three of the Qortal founders formed to sell these devices to those who would like a plug-n-play |
- | Qortal has its own coin called QORT which is both a service coin to power on-chain | + | Qortal has its own coin called QORT which is both a service coin to power on-chain |
- | Qortal will implement a voting system where the community will be able to vote on the project’s direction. The account levels and blocks minted will give members a weighted vote. This will allow the community to earn a heavier weighted vote based on time and contribution. Everyone reaches the same max level 10 account in time. This will keep the community involved and not force every decision to be left solely in the hands of the dev team. | + | Qortal will implement a voting system where the community will be able to vote on the project’s direction. The account levels and blocks minted will give members a weighted vote. This will allow the community to earn a heavier weighted vote based on time and contribution. Everyone reaches the same max level 10 account in time. This will keep the community involved and not force every decision to be left solely in the hands of the DevTeam. |
===== A Deeper Dive Into Qortal ===== | ===== A Deeper Dive Into Qortal ===== | ||
- | Qortal is not a clone of any other blockchain project. The codebase is written from scratch other than a few bits of code taken from QORA dealing with the transaction | + | Qortal is not a clone of any other blockchain project. The codebase is written from scratch other than a few bits of code taken from QORA dealing with the transaction framework. |
QORA is the original project of Qortal which has been in development for over 8 years and has evolved into a much more ambitious, all-encompassing focus on decentralization. QORA required nearly a complete rewrite of its codebase which led to the evolution of the project to what is now called Qortal. | QORA is the original project of Qortal which has been in development for over 8 years and has evolved into a much more ambitious, all-encompassing focus on decentralization. QORA required nearly a complete rewrite of its codebase which led to the evolution of the project to what is now called Qortal. | ||
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CIYAM is a third-party group of developers who created the ‘AT’ SmartContract system which was the first of its kind to conduct a true peer-to-peer trade in the blockchain space. Qortal includes this CIYAM trade framework along with some customization known as the ‘TradeBot’ which allows automation of the multiple transactions involved in each cross-chain trade. The TradeBot of Qortal keeps track of each trade on behalf of the user who created them and can only be accessed by the user that created the trade. The custom TradeBot ultimately makes the Trade Portal more user-friendly with automation on the backend. | CIYAM is a third-party group of developers who created the ‘AT’ SmartContract system which was the first of its kind to conduct a true peer-to-peer trade in the blockchain space. Qortal includes this CIYAM trade framework along with some customization known as the ‘TradeBot’ which allows automation of the multiple transactions involved in each cross-chain trade. The TradeBot of Qortal keeps track of each trade on behalf of the user who created them and can only be accessed by the user that created the trade. The custom TradeBot ultimately makes the Trade Portal more user-friendly with automation on the backend. | ||
- | The point to make here is that the dev team did not find any existing codebase in the blockchain space suitable for what Qortal required and decided that what we aim for can be done, but will require the codebase to be written from scratch (other than the QORA and CIYAM framework implemented). Furthermore, | + | The point to make here is that the DevTeam |
- | Funding Qortal has been extremely challenging as there is no intellectual property and was launched ethically with no ICO (initial coin offering), pre-mine, | + | Funding Qortal has been extremely challenging as there is no intellectual property and was launched ethically with no ICO (initial coin offering), pre-mine, |
- | So what do we have so far after all these years of hardship and perseverance? | + | So what do we have so far after all these years of hardship and perseverance? |
- | Phase 1 of our plan was to launch a stable base network, with an immutable ledger, account leveling, sponsorship system, and local wallets. This was quite a hurdle to overcome but we can proudly say that we have succeeded in this objective. We have identified areas of improvement, | + | Phase 1 of our plan was to launch a stable base network, with an immutable ledger, account leveling, sponsorship system, and local wallets. This was quite a hurdle to overcome but we can proudly say that we have succeeded in this objective. Although with that said, as we build this infrastructure from scratch and new features are released, we still have our hoops and hurdles. We have identified areas of improvement, |
- | We are currently in Phase 2, in which we have launched the Trade Portal for P2P trading | + | During |
- | We are preparing to go live soon with version | + | Phase 3 has begun! Core version |
- | Phase 3 will include | + | Once we have these key elements in place and mass adoption begins to take place, we can begin to pursue |
- | Once we have these key elements in place and mass adoption begins to take place, we can begin to pursue the next sovereign solution: the ISP alternative referred to as Mesh Networking. We’ll have more focus on this area when we have more nodes on the network. Mesh networking will be possible on the QORTector devices! Satellite bridging will also be possible and we already have a satellite prototype in development. All of this is certainly possible. When it does, we will begin to remove the need for an existing ISP backbone and become completely independent in the future. | + | The last key component to cover with building on Qortal’s infrastructure, |
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- | The last key component to cover with building on Qortal’s infrastructure, | + |