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the_qortal_model [02/04/2022 01:22] – gfactor | the_qortal_model [11/29/2023 15:05] (current) – crowetic | ||
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- | Qortal (QORT) has a very unique | + | The project' |
- | The crypto space is littered with centralization | + | The users of Qortal are nicknamed ' |
- | To learn more about the Qortal | + | ===== Qortal' |
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+ | Like other projects in certain regards, Qortal DOES have a ' | ||
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+ | QORT is a **required component** in order to **leverage the power of the Qortal Blockchain, and Qortal Network.** QORT is utilized for many aspects of the platform' | ||
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+ | As you might imagine, this concept is a bit much for people to grasp immediately, | ||
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+ | QORT is the only coin that can be utilized for things like **buying names** as well, on the **Names Market** of Qortal. This is a VERY powerful feature that allows buying and selling of **entire digital presences** at once. A user registers a name, and builds a website, Q-App, and garners many ' | ||
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+ | Another user can come and buy the **entire operation at once.** with a single purchase on the Names Market, the new owner **picks up where the old one left off**. There are **no ' | ||
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+ | ==== QORT Launch ==== | ||
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+ | 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 ' | ||
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+ | With Qortal' | ||
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+ | ==== QORT Distribution ==== | ||
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+ | 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 ' | ||
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+ | 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 in June 2020, 5 new QORT was also created. | ||
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+ | The model then 'slows down', every '6 months' | ||
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+ | The model continues in this fashion, reducing every '6 months' | ||
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+ | This concept gives the **community the decision making power** on the **number of newly minted QORT** that can be created per ' | ||
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+ | There are some ' | ||
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+ | ===== The Qortal Data network ===== | ||
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+ | 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. | ||
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+ | Since QDN published data is **NOT stored on-chain**, the Qortal Blockchain doesn' | ||
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+ | However, QDN wouldn' | ||
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+ | 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 ' | ||
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+ | ==== QDN publishing ==== | ||
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+ | Data published on QDN, is done so by way of an ' | ||
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+ | 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, | ||
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+ | With QDN, a digital presence can be sold in a single transaction, | ||
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+ | 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 | ||
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+ | === Q-Apps === | ||
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+ | 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 ' | ||
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+ | There are multiple ' | ||
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+ | Q-Apps are NOT published by the Qortal Development group only, they can be published by **any user with a registered name.** With no ' | ||
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+ | === QDN Websites === | ||
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+ | QDN websites are similar | ||
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+ | Websites may ' | ||
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+ | ===== Qortal Minting ===== | ||
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+ | Qortal Minting is the process of creating new QORT, and securiing the blockchain by way of Qortal' | ||
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+ | Any user may become a minter, if they have a **computer that they are willing to keep running and connected to the Qortal network.** | ||
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+ | 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 ' | ||
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+ | The temporary key is utilized until the new minter reaches level 1, then the new minter creates and assigns their own ' | ||
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+ | Read more about Minting | ||
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+ | ===== Overall Goals ===== | ||
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+ | The project' | ||
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+ | Such as the fact that a single account, carries a ' | ||
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+ | 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. | ||
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+ | This was the original goal of Bitcoin, but Bitcoin was focused only on being a ' | ||
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+ | 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. |