Qortal Project

The future of blockchain platforms

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qortal_in_a_nutshell [10/11/2021 13:24] – gfactorqortal_in_a_nutshell [12/01/2021 20:35] – [A Deeper Dive Into Qortal] gfactor
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   *Infrastructure for ethical third-party projects to build on   *Infrastructure for ethical third-party projects to build on
  
-The Qortal dev team does not have any control over accounts, balances, censorship, etc. It is up to individuals to engage in the new system responsibly and admins to manage their sub-communities without oversight. Qortal does not have any intellectual property or centralized properties for legal responsibility. No government or powers that be can do anything about it other than shut down the entire Internet and ISP backbone. Even then, we have plans to implement a mesh network and satellite bridge ISP alternative to remove the need for existing ISPs (internet service provider) and the entire network can be run on devices as low powered as 5w5v (as much as a phone charger) so can easily be run on a solar panel. With this new sovereignty worldwide, the world can grow together like never before and unify. This is the beauty of what can come from true decentralization utilizing blockchain technology.+The Qortal dev team does not have any control over accounts, balances, censorship, etc. It is up to individuals to engage in the new system responsibly and admins to manage their sub-communities without oversight. Qortal does not have any intellectual property or centralized properties for legal responsibility. No government or powers that be can do anything about it other than shut down the entire Internet and ISP backbone. Even then, we have plans to implement a mesh network and satellite bridge ISP alternative to remove the need for existing internet service provider (ISP) and the entire network can be run on devices as low powered as 5w5v (as much as a phone charger) so can easily be run on a solar panel. With this new sovereignty worldwide, the world can grow together like never before and unify. This is the beauty of what can come from true decentralization utilizing blockchain technology.
  
 So who controls the codebase of this ambitious project and are there any vulnerabilities? Qortal has a ‘dev team’ who are elected developers in charge of updating the codebase. This is the only ‘centralized’ aspect, but a necessary control over the code to maintain its integrity. Anyone can join the dev team with time and contribution, as nothing within Qortal can be bought out such as account levels and admin privileges. The dev team requires a group approval (with an on-chain transaction) of 60% in order to issue an auto-update on the core. This means that an individual dev team member is not capable of going rogue and sabotaging the chain. As time goes on, more devs are added to the team and the group becomes more decentralized, so-to-speak. Most of these individuals, who are located in various parts of the world, prefer to remain anonymous and this is extremely strategic as it ensures the codebase could never be overthrown - even if those whose identities are found were kidnapped and ‘forced’ to corrupt the chain, it simply isn’t possible without the 60% approval. So who controls the codebase of this ambitious project and are there any vulnerabilities? Qortal has a ‘dev team’ who are elected developers in charge of updating the codebase. This is the only ‘centralized’ aspect, but a necessary control over the code to maintain its integrity. Anyone can join the dev team with time and contribution, as nothing within Qortal can be bought out such as account levels and admin privileges. The dev team requires a group approval (with an on-chain transaction) of 60% in order to issue an auto-update on the core. This means that an individual dev team member is not capable of going rogue and sabotaging the chain. As time goes on, more devs are added to the team and the group becomes more decentralized, so-to-speak. Most of these individuals, who are located in various parts of the world, prefer to remain anonymous and this is extremely strategic as it ensures the codebase could never be overthrown - even if those whose identities are found were kidnapped and ‘forced’ to corrupt the chain, it simply isn’t possible without the 60% approval.
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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 · Last modified: 03/28/2023 11:30 by gfactor

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