Qortal Project

The future of blockchain platforms

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qortal_in_a_nutshell

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qortal_in_a_nutshell [2021/12/01 20:34]
gfactor
qortal_in_a_nutshell [2021/12/01 20:35] (current)
gfactor [A Deeper Dive Into Qortal]
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 Funding Qortal has been extremely challenging as there is no intellectual property and was launched ethically with no ICO (initial coin offering), pre-mine, nor airdrop. All of our developers have full-time jobs to support a base income and help with Qortal in their free time. Although it is extremely admirable of the devs to make themselves available for Qortal, it ultimately has caused a slower rate of production than would be possible if we could bring devs on full-time. With such an ambitious and revolutionary project, the rate of production has been a bit frustrating but we are proud to say development is moving forward nonetheless.  Funding Qortal has been extremely challenging as there is no intellectual property and was launched ethically with no ICO (initial coin offering), pre-mine, nor airdrop. All of our developers have full-time jobs to support a base income and help with Qortal in their free time. Although it is extremely admirable of the devs to make themselves available for Qortal, it ultimately has caused a slower rate of production than would be possible if we could bring devs on full-time. With such an ambitious and revolutionary project, the rate of production has been a bit frustrating but we are proud to say development is moving forward nonetheless. 
  
-So what do we have so far after all these years of hardship and perseverance? Today, Qortal has an amazing community of developers and people of all walks of life, from all over the world, who truly value what we aim for. We currently have over 1600 nodes supporting the blockchain which has surpassed Litecoin. Litecoin has been live since November 2013 and has 1,344 full nodes on its network. Litecoin for a very long time was the #2 coin in terms of market cap and is extremely well-known. Anyone who has heard of Bitcoin, has most likely also heard of Litecoin. Given these facts, it is obvious that the model with which Qortal was constructed (which had a major focus toward making a larger network of full nodes for security of the overall blockchain) has played out exactly as intended: giving Qortal a much stronger network with more individual validators for the chain and more decentralization.+So what do we have so far after all these years of hardship and perseverance? Today, Qortal has an amazing community of developers and people of all walks of life, from all over the world, who truly value what we aim for. We currently have over 1600 nodes supporting the blockchain which has surpassed Litecoin. Litecoin has been live since November 2013 and has 3,400 full nodes on its network as of December 1st 2021 (and climbing). Litecoin for a very long time was the #2 coin in terms of market cap and is extremely well-known. Anyone who has heard of Bitcoin, has most likely also heard of Litecoin. Given these facts, it is obvious that the model with which Qortal was constructed (which had a major focus toward making a larger network of full nodes for security of the overall blockchain) has played out exactly as intended: giving Qortal a much stronger network with more individual validators for the chain and more decentralization.
  
 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, made changes, and foresee further modifications in the upcoming months as needed. With limited dev time and resources, prioritizing and completing the workload has been challenging.  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, made changes, and foresee further modifications in the upcoming months as needed. With limited dev time and resources, prioritizing and completing the workload has been challenging. 
qortal_in_a_nutshell.txt ยท Last modified: 2021/12/01 20:35 by gfactor