Qortal Project

The future of blockchain platforms

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qortal_in_a_nutshell [12/01/2021 20:34] – gfactorqortal_in_a_nutshell [01/29/2022 22:31] – gfactor
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 ===== A Quick Overview of Qortal ===== ===== A Quick Overview of Qortal =====
  
-The Qortal Project will provide a viable solution to the infringement of our digital lives. Our communications are being monitored, free speech censored, and social media accounts sanctioned or permanently banned unfairly. The blockchain space is riddled with problems such as: 1) Bitcoin and other blockchains have become centralized, 2) projects claiming to be decentralized are usually not, 3) centralized exchanges have historically lost coin holder’s assets and not reimbursed the account holder, and 4) scam projects run rampant. We believe in restoring balance to the people of the world. We envision a platform that provides infrastructure for a new system. One that cannot be hacked or compromised, as it is truly decentralized and self-empowering.+The Qortal Project will provide a viable solution to the infringement of our digital lives. Our data and communications are being monitored, free speech censored, social media accounts sanctioned or permanently banned unfairly, and so much more. The blockchain space is riddled with problems such as: 1) Bitcoin and other blockchains have become centralized, 2) projects claiming to be decentralized are usually not, 3) centralized exchanges have historically lost coin holder’s assets and not reimbursed the account holder, and 4) scam projects run rampant. We believe in restoring balance to the people of the world. We envision a platform that provides infrastructure for a new system. One that cannot be hacked or compromised, as it is truly decentralized and self-empowering.
  
 Qortal aims to provide an unhackable censorship-free platform for a new Internet and systems to be built securely. This technology can provide the world with the freedom we deserve with non-fiat banking, payment transactions, speech, information trade, communication privacy, and more: Qortal aims to provide an unhackable censorship-free platform for a new Internet and systems to be built securely. This technology can provide the world with the freedom we deserve with non-fiat banking, payment transactions, speech, information trade, communication privacy, and more:
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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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