Qortal Project

The future of blockchain platforms

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trade_portal_overview [11/16/2022 06:35] – gfactortrade_portal_overview [11/16/2022 06:36] – gfactor
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 How can Qortal guarantee no theft can occur within the Trade Portal? Simple. The Trade Portal utilizes LOCAL wallets to make trades and true peer-to-peer trades. At the time of this publication, BTC, LTC, DOGE, DGB, RVN, and ARRR are natively supported. The DevTeam has taken extensive time to ensure that only LOCAL wallets are made use of and the keys for those wallets are never exposed in an unencrypted fashion. Therefore, the Trade Portal is just as secure as sending from a local wallet to another, except they are one chain to another. How can Qortal guarantee no theft can occur within the Trade Portal? Simple. The Trade Portal utilizes LOCAL wallets to make trades and true peer-to-peer trades. At the time of this publication, BTC, LTC, DOGE, DGB, RVN, and ARRR are natively supported. The DevTeam has taken extensive time to ensure that only LOCAL wallets are made use of and the keys for those wallets are never exposed in an unencrypted fashion. Therefore, the Trade Portal is just as secure as sending from a local wallet to another, except they are one chain to another.
  
-The Portal is a system that makes use of the ACCT system by the CIYAM developers (http://ciyam.org) with which to make completely cross-chain coin/token trades.  +The Trade Portal is a system that makes use of the ACCT system by the CIYAM developers (http://ciyam.org) with which to make completely cross-chain coin/token trades. The system currently allows for completely cross-chain trades between QORT and other coins so users NEVER RELINQUISH CONTROL OF THEIR ASSETS and never have to 'deposit' assets in order to make trades. This allows for COMPLETE SECURITY. Never again, will there be worry about centralized exchanges failing, and taking with that failure, users' assets.
- +
-The system currently allows for completely cross-chain trades between QORT and other coins so users NEVER RELINQUISH CONTROL OF THEIR ASSETS and never have to 'deposit' assets in order to make trades. This allows for COMPLETE SECURITY. Never again, will there be worry about centralized exchanges failing, and taking with that failure, users' assets.+
  
 As time goes on, and development progresses, support for more third party blockchain coins will be implemented into the system. Also, Qortal will provide a platform for projects to build on Qortal and have their own token, so those will be available to Qortal's users in the Wallets and Trade Portal features. A token is a digital unit of value that represents an asset or utility. Unlike coins, tokens do not have their own blockchain and are issued on top of existing networks. So to clarify, QORT is not a token - it is a coin. Qortal is a stand-alone blockchain, it’s native asset QORT is therefore a coin. Assets built on Ethereum’s blockchain are tokens, whereas ETH is a coin itself. Therefore, projects with their own assets that are built on Qortal will be tokens by definition.  As time goes on, and development progresses, support for more third party blockchain coins will be implemented into the system. Also, Qortal will provide a platform for projects to build on Qortal and have their own token, so those will be available to Qortal's users in the Wallets and Trade Portal features. A token is a digital unit of value that represents an asset or utility. Unlike coins, tokens do not have their own blockchain and are issued on top of existing networks. So to clarify, QORT is not a token - it is a coin. Qortal is a stand-alone blockchain, it’s native asset QORT is therefore a coin. Assets built on Ethereum’s blockchain are tokens, whereas ETH is a coin itself. Therefore, projects with their own assets that are built on Qortal will be tokens by definition. 
trade_portal_overview.txt · Last modified: 04/27/2023 19:57 by gfactor

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