Qortal Project

The future of blockchain platforms

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qortal_in_a_nutshell

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qortal_in_a_nutshell [01/29/2022 23:21] – [A Deeper Dive Into Qortal] gfactorqortal_in_a_nutshell [02/04/2022 01:49] gfactor
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 So who controls the codebase of this ambitious project and are there any vulnerabilities? Qortal has a ‘DevTeam’ with 'DevTeam Admins' 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 DevTeam and become a DevTeam Admin with time and contribution, as nothing within Qortal can be bought. Such as account levels and admin privileges. The DevTeam Admins require a group approval (with an on-chain transaction) of 60% in order to issue an auto-update. This means that an individual DevTeam Admin is not capable of going rogue and sabotaging the chain. As time goes on, more devs are added to the Admin 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 or however our imagination wanders, where they would be ‘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 ‘DevTeam’ with 'DevTeam Admins' 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 DevTeam and become a DevTeam Admin with time and contribution, as nothing within Qortal can be bought. Such as account levels and admin privileges. The DevTeam Admins require a group approval (with an on-chain transaction) of 60% in order to issue an auto-update. This means that an individual DevTeam Admin is not capable of going rogue and sabotaging the chain. As time goes on, more devs are added to the Admin 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 or however our imagination wanders, where they would be ‘forced’ to corrupt the chain, it simply isn’t possible without the 60% approval.
  
-We launched the Genesis block on June 29th 2020, and have a lot to work towards, but all of this can and will be done thanks to the strong community we’ve built and continue to grow. We’ve done all of this with hardly any funding and developers! The codebase is open source for both the blockchain and the Raspberry Pi hardware which can operate as a stand-alone desktop and blockchain node. Crowetic Hardware Development (CHD) is a new company that three of the Qortal founders formed to sell these devices to those who would like a plug-n-play device or want to support the team as CHD will profit share with the Qortal DevTeam (www.Crowetic.com). For those more technically inclined, they can buy the hardware themselves and follow the help files on the wiki, as well as seek tech support in Telegram, Discord or our very own blockchain-based Q-chat to build their own device. Virtually any modern computer can be ran as a node, and the help guides to do so are also on the wiki.+We launched the Genesis block on June 29th 2020, and have a lot to work towards, but all of this can and will be done thanks to the strong community we’ve built and continue to grow. We’ve made it this far with hardly any funding and limited developer resources! The codebase is open source for both the blockchain and the Raspberry Pi hardware which can operate as a stand-alone desktop and blockchain node. Crowetic Hardware Development (CHD) is a new company that three of the Qortal founders formed to sell these devices to those who would like a plug-n-play device or want to support the team as CHD will profit share with the Qortal DevTeam (www.Crowetic.com). For those more technically inclined, they can buy the hardware themselves and follow the help files on the wiki, as well as seek tech support in Telegram, Discord or our very own blockchain-based Q-chat to build their own device. Virtually any modern computer can be ran as a node, and the help guides to do so are also on the wiki!
  
 Qortal has its own coin called QORT which is both a service coin to power on-chain functionality, as well as a digital currency, which can be used as a form of payment on-chain. Businesses and services can accept whatever cryptocurrencies Qortal supports as payment methods. Qortal will provide a safe haven for a new Internet of e-commerce and job marketplaces where smart contracts can be utilized to make payments in cryptocurrency. Virtually any new, ethical system can be built on Qortal’s infrastructure! Qortal has its own coin called QORT which is both a service coin to power on-chain functionality, as well as a digital currency, which can be used as a form of payment on-chain. Businesses and services can accept whatever cryptocurrencies Qortal supports as payment methods. Qortal will provide a safe haven for a new Internet of e-commerce and job marketplaces where smart contracts can be utilized to make payments in cryptocurrency. Virtually any new, ethical system can be built on Qortal’s infrastructure!
qortal_in_a_nutshell.txt · Last modified: 03/28/2023 11:30 by gfactor