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- | Qortal (QORT) has a very unique model, which has been built over many years with the minds of multiple intelligent contributors. The overall idea of the platform is to keep EVERYTHING as completely decentralized as possible. Including the modification of key numbers in the system, like block reward. | + | Qortal (QORT) has a very unique model, which has been built over many years with the minds of multiple intelligent contributors. The overall idea of the platform is to keep EVERYTHING as completely decentralized as possible |
- | The model is something that is subject to modification both with and without vote initially as the development team may need to make changes without having the option | + | The crypto space is littered |
- | The initial model, is very likely not to be the end model. However, the initial model is one that the team and contributors believe will work out well to start the platform, and get things moving in the right direction. | + | To learn more about the Qortal |
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- | ===QORT Distribution Information=== | + | |
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- | The QORT distribution model follows a structure where the block reward will drop by .25 QORT every '6 months' | + | |
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- | There is no 'coin cap' with QORT, only a ' | + | |
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- | This also allows for the chain to eventually go mostly ' | + | |
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- | The focus on total coin cap is totally over-hyped in the crypto space, as the EXISTING coin in the system is all that matters when calculating ' | + | |
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- | ===QORT Coin Information=== | + | |
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- | Qortal's service coin is called QORT. It will be utilized for the various services located on the chain, such as: Trade Portal, Blog and Website hosting, Applications hosting, etc. Qortal will provide infrastructure for a new e-commerce ecosystem where QORT could be accepted just as any other digital currency (limited | + | |
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- | It will also be used for transaction fees for ' | + | |
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- | The Qortal chain has no QORT coin cap amount. | + | |
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- | Another modification from the original document, is that regarding transaction fees. Initially we had wanted to build the system without transaction fees and instead utilize a PoW algorithm for each transaction. However, during the build process, we realized that the amount of verification needed by the network in such a system, may cause the system overall to slow down, potentially even require the block times to be increased. | + | |
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- | The fee will be set very low, and should not make any real noticeable difference in the rest of the plans for the system, so we believe it to be an acceptable modification. | + | |
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- | The model for Qortal is destined to have many modifications, | + | |
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- | [[Account Types]] | + | |
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- | [[Minting]] | + |