Qortal Project

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the_qortal_model [11/29/2023 14:56] croweticthe_qortal_model [11/29/2023 15:05] (current) crowetic
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 Like other projects in certain regards, Qortal DOES have a 'primary coin' called QORT. This coin is **NOT a 'token'**, it is **the primary coin of a custom layer 1 blockchain** (The Qortal Blockchain).  Like other projects in certain regards, Qortal DOES have a 'primary coin' called QORT. This coin is **NOT a 'token'**, it is **the primary coin of a custom layer 1 blockchain** (The Qortal Blockchain). 
  
-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's functionality, from **transaction fees** (which are paid to the MINTERS of the network), to **name registration and QDN publishing**. It has been said that QORT can be viewed as a **stock of sorts, in the 'new internet' and everything built on top of it, at the same time.** +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's functionality, from **transaction fees** (which are paid to the MINTERS of the network), to **name registrationQDN publishing, and powering various Q-Apps** (Q-Shop for listing items and services for sale, Q-Fund for automated decentralized CrowdFunding, and 'tipping' QORT to publishers on Q-Blog and other 'social media' Q-Apps. It has been said that QORT can be viewed as a **stock of sorts, in the 'new internet' and everything built on top of it, at the same time.** 
  
 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. 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.
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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 'follower nodes' with the services provided. They then decide they wish to **sell their operation**, so they post the name for sale on the Names Market. 
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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 'servers', 'domains', 'DNS', or 'user accounts' to deal with**. The new user simply takes over. Welcome to the future of digital 'company' sales.
  
 ==== QORT Launch ==== ==== QORT Launch ====
the_qortal_model.1701287788.txt.gz · Last modified: 11/29/2023 14:56 by crowetic