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the_qortal_model [02/04/2022 01:13] – gfactor | the_qortal_model [11/29/2023 14:56] – crowetic | ||
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- | Qortal (QORT) has a very unique | + | The project' |
- | 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 users of Qortal are nicknamed ' |
- | The initial | + | ===== Qortal' |
- | ===QORT Distribution Information=== | + | Like other projects in certain regards, Qortal DOES have a ' |
- | The QORT distribution model follows | + | QORT is a **required component** in order to **leverage |
- | There is no 'coin cap' with QORT, only a ' | + | As you might imagine, this concept is a bit much for people to grasp immediately, but as they get through the installation, and start using Qortal, they will see what exactly this means. As more Q-Apps and further additional features get developed, this will be demonstrated further. |
- | This also allows for the chain to eventually go mostly ' | + | ==== QORT Launch ==== |
- | 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 ' | + | The distribution of the coin, has been designed to be **as fair as possible.** This means that there were **no QORT coins on the network when it launched.** Many other platforms do things like ' |
- | ===QORT Coin Information=== | + | With Qortal' |
- | Qortal' | + | ==== QORT Distribution ==== |
- | It will also be used for transaction fees for 'typical transactions' | + | The distribution model of QORT is also unique, as are many aspects of the platform in both design, and functionality. The distribution model was built to be a 'slow' |
- | Qortal has no coin cap amount. | + | QORT's distribution model started at 5 QORT per block. With an average block time of 60-75 seconds. This means that every 60-75 seconds a new block is created, and at Genesis in June 2020, 5 new QORT was also created. |
- | 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 | + | The model then 'slows down', every '6 months' |
- | The fee will be set very low, and should not make any real noticeable difference | + | The model continues in this fashion, reducing every '6 months' |
- | The model for Qortal is destined | + | This concept gives the **community the decision making power** on the **number of newly minted QORT** that can be created per ' |
+ | |||
+ | There are some ' | ||
+ | |||
+ | ===== The Qortal | ||
+ | |||
+ | The Qortal Data Network or QDN, is a **completely custom, encrypted, and chunked distributed data network**. QDN is VERY powerful, and allows for some very unique things | ||
+ | |||
+ | Since QDN published data is **NOT stored on-chain**, the Qortal Blockchain doesn' | ||
+ | |||
+ | However, QDN wouldn' | ||
+ | |||
+ | This model also gives a lot of other functionality and flexibility that other models do not have. Such as the fact that the QDN data does not rely upon being ' | ||
+ | |||
+ | ==== QDN publishing ==== | ||
+ | |||
+ | Data published on QDN, is done so by way of an ' | ||
+ | |||
+ | Anyone publishing on QDN must obtain a **registered name** on the Qortal Blockchain in order to publish. This registered name is then able to be **sold** to another, along with all of its data, websites, applications, | ||
+ | |||
+ | With QDN, a digital presence can be sold in a single transaction, | ||
+ | |||
+ | QDN is extremely powerful. Allowing the publishing | ||
+ | |||
+ | === Q-Apps === | ||
+ | |||
+ | Q-Apps are applications pubished on QDN. They can range from a simple app to display data, to a fully featured social media platform or an automated CrowdFunding platform leveraging | ||
+ | |||
+ | There are multiple ' | ||
+ | |||
+ | Q-Apps are NOT published by the Qortal Development group only, they can be published by **any user with a registered name.** With no ' | ||
+ | |||
+ | === QDN Websites === | ||
+ | |||
+ | QDN websites | ||
+ | |||
+ | Websites may ' | ||
+ | |||
+ | ===== Qortal Minting ===== | ||
+ | |||
+ | Qortal Minting is the process | ||
+ | |||
+ | Any user may become a minter, if they have a **computer that they are willing to keep running and connected to the Qortal network.** | ||
+ | |||
+ | All that is required to become a minter, is a computer and a **minting key**. In order to start minting, minters must obtain a temporary key (nicknamed ' | ||
+ | |||
+ | The temporary key is utilized until the new minter | ||
+ | |||
+ | Read more about Minting [[minting_overview|HERE]] | ||
+ | |||
+ | ===== Overall Goals ===== | ||
+ | |||
+ | The project' | ||
+ | |||
+ | Such as the fact that a single account, carries a ' | ||
+ | |||
+ | Combining this with the security of a blockchain, to provide a network unlike anything that has ever existed before, and allowing users to gain rewards by simply helping to grow the network, and running on their normal computer. | ||
+ | |||
+ | This was the original goal of Bitcoin, but Bitcoin was focused only on being a ' | ||
+ | |||
+ | A totally secure digital future, where the people really are in the position of strength, and are allowed to deal **directly with one another** to obtain what they need, and carry on their digital lives. |