Qortal Project

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attention_sponsors_level_5 [12/13/2022 14:09] gfactorattention_sponsors_level_5 [12/13/2022 14:30] gfactor
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 Becoming a minter is not required to use the Qortal Network. Minting is optional for anyone interested in using more resources on their computers to help strengthen the immutable ledger. Furthermore, minters earn the ability to take part in our voting system once that goes live: [[Voting System Overview]] Becoming a minter is not required to use the Qortal Network. Minting is optional for anyone interested in using more resources on their computers to help strengthen the immutable ledger. Furthermore, minters earn the ability to take part in our voting system once that goes live: [[Voting System Overview]]
  
-51% attacks and gaming of our minting system are two types of malicious attacks that blockchains face. It's important to note that Qortal's ledger is extremely secure and that is because of the people who run a node(s) on our network and [[How Qortal’s Consensus Works]]. The majority of us do not have any malicious intent and are the majority who keep the ledger immutable. A '51 percent attack' is when the majority of nodes on the network are operated with malicious intent to cause hacks and thefts. We feel confident about the current state of Qortal's minter base with respect to securing the immutable ledger. The risk is always there though, for a level 5+ account to self sponsor and/or empower others to join them with malicious intent. As long as we stay ahead of the curve and put a little effort into how we sponsor newcomers, the 51%+ side remains in our hands indefinitely (not the bad actors'). This is exactly why Qortal was launched with Founders and QORA Forgers able to sponsor others. Founders and QORA Forgers were expected to be vested into the project, with so much appreciation for QORA getting rebuilt into what is now Qortal! This vested interest would hopefully indicate genuine intent and commitment to making Qortal a success. Overall this foundational concept came true, but there have been a few bad actors on the network who came from the original minting-enabled lineup at Genesis. The reality is that we currently have some bad actors on the network who 'self sponsor' and/or sell sponsorships for profit. Both are totally against [[The Qortal Credo]]!+51% attacks and gaming of our minting system are two types of malicious attacks that blockchains face. It's important to note that Qortal's ledger is extremely secure and that is because of the people who run a node(s) on our network and [[How Qortal’s Consensus Works]]. The majority of us do not have any malicious intent and are the majority who keep the ledger immutable. A '51 percent attack' is when the majority of nodes on the network are operated with malicious intent to cause hacks and thefts. We feel confident about the current state of Qortal's minter base with respect to securing the immutable ledger. The risk is always there though, for a level 5+ account to self sponsor and/or empower others to join them with malicious intent. As long as we stay ahead of the curve and put a little effort into how we sponsor newcomers, the 51%+ side remains in our hands indefinitely (not the bad actors'). This is exactly why Qortal was launched with Founders and QORA Forgers able to sponsor others. Founders and QORA Forgers were expected to be vested into the project, with so much appreciation for QORA getting rebuilt into what is now Qortal! This vested interest would hopefully indicate genuine intent and commitment to making Qortal a success. Overall this foundational concept came true, but there have been a few bad actors on the network who came from the original minting-enabled lineup at Genesis. The reality is that we currently have some bad actors on the network who 'self sponsor' and/or sell sponsorships for profit. Both are totally against [[The Qortal Credo]] and [[Fundamental Principles]]. 
  
  
attention_sponsors_level_5.txt · Last modified: 12/13/2022 14:31 by gfactor