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- | Qortal (QORT) has a very unique | + | The project' |
- | The model is something that is subject to modification both with and without vote initially as the development team may need to make changes without having the option | + | The users of Qortal are nicknamed ' |
- | The initial | + | ===== Qortal' |
- | ===QORT Distribution Information=== | + | Like other projects in certain regards, Qortal DOES have a ' |
- | The QORT distribution model follows | + | QORT is a **required component** in order to **leverage |
- | There is no 'coin cap' with QORT, only a ' | + | As you might imagine, this concept is a bit much for people to grasp immediately, but as they get through the installation, and start using Qortal, they will see what exactly this means. As more Q-Apps and further additional features get developed, this will be demonstrated further. |
- | This also allows | + | QORT is the only coin that can be utilized |
- | The focus on total coin cap is totally over-hyped in the crypto space, as the EXISTING coin in the system is all that matters when calculating | + | Another user can come and buy the **entire operation at once.** with a single purchase |
- | ===QORT | + | ==== QORT Launch ==== |
- | Qortal' | + | The distribution of the coin, has been designed to be **as fair as possible.** This means that there were **no QORT coins on the network when it launched.** Many other platforms do things like ' |
- | It will also be used for transaction fees for 'typical transactions' | + | With Qortal's focus on **100% decentralization**, |
- | The Qortal chain has no QORT coin cap amount. | + | ==== QORT Distribution ==== |
- | Another modification from the original document, is that regarding transaction fees. Initially we had wanted | + | The distribution model of QORT is also unique, as are many aspects of the platform in both design, and functionality. The distribution model was built to be a ' |
- | The fee will be set very low, and should not make any real noticeable difference | + | QORT's distribution model started at 5 QORT per block. With an average block time of 60-75 seconds. This means that every 60-75 seconds a new block is created, and at Genesis |
- | The model for Qortal is destined to have many modifications, as it is a totally new and unique model, as of yet not seen anything like it in the space. Therefore, these above modifications are just the first few of what will surely be many, by the time the system reaches what would be considered | + | The model then 'slows down', every '6 months' |
- | [[Account Types]] | + | The model continues in this fashion, reducing every '6 months' |
- | [[Minting]] | + | This concept gives the **community the decision making power** on the **number of newly minted QORT** that can be created per ' |
+ | |||
+ | There are some ' | ||
+ | |||
+ | ===== The Qortal Data network ===== | ||
+ | |||
+ | The Qortal Data Network or QDN, is a **completely custom, encrypted, and chunked distributed data network**. QDN is VERY powerful, and allows for some very unique things to take place. | ||
+ | |||
+ | Since QDN published data is **NOT stored on-chain**, the Qortal Blockchain doesn' | ||
+ | |||
+ | However, QDN wouldn' | ||
+ | |||
+ | This model also gives a lot of other functionality and flexibility that other models do not have. Such as the fact that the QDN data does not rely upon being ' | ||
+ | |||
+ | ==== QDN publishing ==== | ||
+ | |||
+ | Data published on QDN, is done so by way of an ' | ||
+ | |||
+ | Anyone publishing on QDN must obtain a **registered name** on the Qortal Blockchain in order to publish. This registered name is then able to be **sold** to another, along with all of its data, websites, applications, | ||
+ | |||
+ | With QDN, a digital presence can be sold in a single transaction, | ||
+ | |||
+ | QDN is extremely powerful. Allowing the publishing of content that **cannot be hacked, shut down, blocked access to, or censored** on behalf of anyone. Only the user, on their own node, may block access to content **for themselves, by their own choice.** Even the Qortal development group has no ability to ' | ||
+ | |||
+ | === Q-Apps === | ||
+ | |||
+ | Q-Apps are applications pubished on QDN. They can range from a simple app to display data, to a fully featured social media platform or an automated CrowdFunding platform leveraging the other features of Qortal, such as its ' | ||
+ | |||
+ | There are multiple ' | ||
+ | |||
+ | Q-Apps are NOT published by the Qortal Development group only, they can be published by **any user with a registered name.** With no ' | ||
+ | |||
+ | === QDN Websites === | ||
+ | |||
+ | QDN websites are similar to Q-Apps, but they are meant to be websites. Users may publish any ' | ||
+ | |||
+ | Websites may ' | ||
+ | |||
+ | ===== Qortal Minting ===== | ||
+ | |||
+ | Qortal Minting is the process of creating new QORT, and securiing the blockchain by way of Qortal' | ||
+ | |||
+ | Any user may become a minter, if they have a **computer that they are willing to keep running and connected to the Qortal network.** | ||
+ | |||
+ | All that is required to become a minter, is a computer and a **minting key**. In order to start minting, minters must obtain a temporary key (nicknamed ' | ||
+ | |||
+ | The temporary key is utilized until the new minter reaches level 1, then the new minter creates and assigns their own ' | ||
+ | |||
+ | Read more about Minting | ||
+ | |||
+ | ===== Overall Goals ===== | ||
+ | |||
+ | The project' | ||
+ | |||
+ | Such as the fact that a single account, carries a ' | ||
+ | |||
+ | Combining this with the security of a blockchain, to provide a network unlike anything that has ever existed before, and allowing users to gain rewards by simply helping to grow the network, and running on their normal computer. | ||
+ | |||
+ | This was the original goal of Bitcoin, but Bitcoin was focused only on being a ' | ||
+ | |||
+ | A totally secure digital future, where the people really are in the position of strength, and are allowed to deal **directly with one another** to obtain what they need, and carry on their digital lives. |