Qortal-Decentralized World [Infrastructure of Future Internet]

Qortal is a truly decentralized blockchain concept. It has a code base written from the ground up. It will support a scalable infrastructure of various revolutionary new concepts, including:

• Websites, blogs, social media and encrypted communication hosts

• Peer-to-peer (P2p) trade portal / truly decentralized exchange

• Private, self-custodial wallets eliminate the need for centralized services.

• The most advanced security and higher data storage/use efficiency.

• Infrastructure required for almost all public or private applications

• A "coin" distribution system that provides a fair block reward for each participant

• A voting system that makes true decentralization possible and manageable

• Credit user impact assessment system based on personal contribution

• The feature of creating tokens for other projects that can be built on the chain.

• Support to provide hardware for routers, nodes, wallets and other blockchain solutions.

• Mesh-network and satellite technology to provide decentralized service connections

problem

Blockchain technology has been widely accepted as a viable solution to provide anonymity, create new currencies, introduce fair trade solutions, improve security measures to deal with the latest threats, and improve operating system efficiency. Although there are many great ideas about how blockchain technology can help humans develop into a demanding future, we have not yet seen the emergence of a truly decentralized blockchain, which can provide solutions for:

• Stable and scalable infrastructure for public and private applications (not clones)

• A true "direct transaction" or decentralized asset trading exchange (no central authority)

• A true'DEX ' that natively supports BTC and other decentralized coins

• Enabling users to fully control their assets through better security measures

• A more efficient way to store data on the chain and be able to access the data faster

• A block reward system that distributes coins/tokens fairly (without miners' hardware)

• A people-oriented, mutual help system (without any founder who is eager to make money)

• A place where you can freely publish and reward good content

• A voting system in which the voice of society is listened to and determines the outcome.

• Affordable hardware support chain allows everyone to participate.

solution

After more than four years of development, it is time for crypto enthusiasts all over the world to participate in the second best project of blockchain technology, which will provide solutions to all the above problems. In short, Qortal will provide a foundation and portal to solve our biggest concerns, involving the infrastructure of the Internet, how we use the Internet, and the decentralization of blockchain technology. Qortal will be able to provide a safer way for websites, blogs, social media, communications, peer-to-peer (P2p) asset exchanges, wallet/asset storage, operating systems, cloud storage, Internet services, and any other aspects of the Internet, so that you can In the case of running without central authority. Both public and private applications can be built on the Qortal network. The Crowetic team is currently leading the development of the project, in addition to developing hardware applications to support the project.

The Qortal project is preparing to start the basic network and the genesis block! The team currently leading this development includes those who have been working in the blockchain space for a long time, and they have witnessed many things happen, which are not ideal in the release of multiple other coins and platforms. Therefore, the team has jointly developed a truly decentralized blockchain that we consider to be "the world's first", which has a lot of characteristics that are different from anything in the past. Part of the Qortal development team includes CIYAM developers, who created a concept in 2014, what we are seeing now is the word " smart contract " Http://ciyam.org/at is now embedded in the platform of the Qortal platform. They are also the first to release a cross-chain coin transaction using the same smart contract system as far as we know the time frame, which was completed by BURST and QORA many years ago! !

background

Qortal's code base originally started as the QORA coin code base. QORA was launched in 2014 and is fully customized. Since the current team took over QORA in 2016, almost everything has been rewritten and enhanced, or completely recreated with the addition of many new features or features previously done in different ways. So why is Qortal not QORA? Unfortunately, QORA has many factors that make it less meaningful to pursue development that is contrary to the new Qortal. Compared with our current situation, the code base and other factors make development very difficult, and the number of complex coins that devalue the real value of the project (not to mention that the central exchange loses the coins of QORA holders, and a large number of coins are still "unavailable" Unethical incidents) and other factors. After considering the flaws of QORA and Bitcoin compared with the original white paper, Qortal has and will continue to carefully design to provide the world with a 100% decentralized blockchain concept, thereby improving the way we use the Internet and blockchain technology!

In 2016, the Qortal team took over the development of QORA and planned to re-release QORA as QORA 2. Qortal was initially considered to be just a 100% decentralized trade portal (DEX). However, over time, it was decided to merge these two projects into a completely rewritten code base called Qortal, with "QORT" as the mark of Qortal.

Qortal is a custom, decentralized (all-round p2p) platform, and its core is capable of multiple functions . Most importantly, a fully customized web-based user interface (UI) platform that focuses on ease of use and simplified expression will enable users to easily understand and use the complex core without too much expense Strength. This will be one of the only projects in the blockchain space that will start from scratch. This means it is not a clone of any other platform! Some aspects of QORA have been preserved, however, almost everything in the system is brand new. For the reserved QORA parts, they are considered necessary to enhance the required functions.

The first of many great ideas

Those who support the concept of decentralization will definitely be interested in Qortal. This platform means that there will never be any aspect of centralization! This includes never needing a centralized platform to provide basic services like trading, and being able to provide more services than any other P2P system before it.

The platform will have a fully decentralized trade portal that includes a user interface similar in appearance and function to a centralized exchange, but without any risks associated with centralized exchanges. With Qortal, assets will never leave the owner's hands until the actual execution of the transaction is in place, and the ownership of another coin/token/asset involved in the transaction is immediately obtained. Qortal aims to eliminate any type of governance need for other user assets. Users no longer have to rely on "saving coins" to a centralized institution for transactions. This is through the use of automatically created SmartContracts and online book ordering and cross-chain transactions, thanks to CIYAM developers. Functions outside the trade portal will include, but are not limited to, encryption and/or public data storage (cloud) systems, which can also be used for decentralized websites, blogs, social media, communications, and other applications. In addition, a reward system for rewarding good content will be established, as well as a brand-new governance system, consensus system, and influence-based grading system, so that the decentralized voting system will be valued, and the unlimited possibilities of establishing other decentralized applications on the platform Sex.

This platform is likely to begin the process of rebuilding the Internet without any concentration. control!

Implementing a fair voting system based on users’ contributions to the network , and its availability by others seems to be the fairest way to ensure that anyone can participate in it without sacrificing security and stability – a truly decentralized project like this will require Such security and stability. Especially when dealing with illegal attempts on the Internet, these attempts need to be sanctioned or deleted together. There will be a "level" system on some account types, which will allow the weight of votes to be determined based on the amount of input users have on the functionality and availability of the entire system. The votes will no longer be weighted according to the number of users' coins. We don't want any person or entity to have the opportunity to manipulate their way into this new design and potentially undermine the good intentions/stability of its concept!

In other words, with the creation of a custom level/influence system, the ability to build a truly decentralized community economic system is in the network. The ability to establish user "committees" focuses on any aspect of the system that may require some kind of supervision, such as the concept of "illegal activity", which also falls within the scope of platform functions.

The decentralized trade portal will be the first "big feature update " which will happen after the initial network launch. The portal will be the "second phase" of the launch and should be shortly after the initial launch. When allowing the adoption and use of various system services, the service token "QORT" that provides power for the Qortal service has a trading space for users. However, it should be noted that before attempting to run any large system on top of the network, the network must be strong and large enough. Therefore, it is very necessary to start the base station network first. Please note: This project is called Qortal, and the mark of Qortal is'QORT'.

Currently, we are working on a method for BTC/QORT trading to be implemented when the first phase is launched, but we will not guarantee that this will be part of the first phase. However, we will promise that the addition of the trade portal will proceed as soon as possible! We hope to launch a trade portal (at least the BTC/QORT market) within one month after the launch of the first phase.

All the main functions of the system are already running on the back end . This includes the necessary part of decentralized transactions. The UI of everything is still under development, and the "rules" of various systems that control how everything works. Therefore, launching in multiple stages is for multiple reasons: not to allow users to use too much at once, but also to allow more time to complete small details and rules, and complete user interface updates, and then allow the public to use the platform.

Supporting hardware

Another aspect of the Qortal project and future applications that will be built on the chain is the auxiliary hardware developed by Crowetic Computer Co., Ltd. (Https://crowetic.com) and others who want to intervene. Crowetic is fortunate to have well-educated, experienced, and talented developers who can build almost any type of hardware device and supporting code to meet demand. This can also be easily applied to government and commercial customers.

The QORTector device is 100% open source . Both in terms of hardware and software. The device is equipped with Orange PI four-core arm cortex A53 with neon lights, FPU, Java acceleration, and will be automatically configured as a blockchain node network configuration and the most advanced security measures. The device also includes a Personal Tor router with Socks 5 proxy, which allows users to tunnel blockchain and browser traffic to your home/office LAN or coind through it. All at the same time only run 5 watts of electricity! This device is a great way for anyone to get involved, start getting rewards, and any device that increases security and provides anonymity with the advanced security features it provides to counter the latest threats. Users can also host their own websites or other applications, including data cloud storage, without the need for a second computer or server. Finally, the reward program even provides sufficient returns for basic users to pay for their Internet service costs! For more information about the QORTector device, please refer to the QORTector device overview document on wiki.qortal.org!

This first step is the first stage of launch. That is to say, the basic network layer must be taken out: the basic level of the fully customized web-based UI platform, the minting system, the minting account level, and the basic understanding of the overall concept proposed in the platform.

Phase 1-Start-up and network growth phase

The first step is to allow users to download the platform, run the node, and introduce the first support level account (Minter).

As the network develops, user accounts will become'pointers' and will receive Qortal's token'QORT' because of their assistance in network growth and protection of the blockchain.

The initial token (coin) issuance will begin. At startup, the blockchain starts with 0 QORT tokens. For each block, each Minter is rewarded according to the percentage in its respective level group (that is, level 1 and level 2 are groups that distribute a certain block reward between them; the same grouping applies to level 3 and Level 4; Level 5 and 6; Level 7 and 8; Level 9 and 10). Founder accounts have been created for those who cannot start without a platform. The founders initially received a larger percentage of block rewards because they are more important to system security, and the user base is also growing, and they have made a lot of contributions to the development and planning of the system (no rewards for 4 years). Over time, the overall influence and return of the founder account will decrease until the founder becomes no different from any other highest level (level 10) account.

The burning transition period for QORA holders will end at launch. Users who previously held QORA and burned it in the described method (by sending their coins to the QORA Genesis account) will receive a 20% block reward on each block, regardless of whether it is Minter or online/contributor. Rewards will be distributed according to the weight of the total number of coins burned in the previous QORA account. By importing QORA seeds into Qortal, users will prove that they have accounts with burnt coins and submit the information to Qortal's genesis block. An asset on the Qortal chain called QORA will be distributed to previous holders as a "mark" for burning coins. This asset is neither tradable nor transferable. Once users reach the ratio of 250 QORA to 1 QORT (250:1), they will no longer receive rewards from the QORA transition.

QORT launch phase

(All stages after the first stage will be pushed in the automatic update of the system)

The first stage : network startup, Minter account and level, voting system, basic network functions, and potential basic transaction options with BTC, without extensive orders.

Second stage : About a month later, the first stage was launched, and a car update-trade portal was launched, with at least the BTC/QORT market. Vote on the next coin and make suggestions.

The third stage : introduced automatic updates-data storage, data nodes, data super nodes, rewards for each node based on storage user payment, and web hosting in client language.

Phase 4 : Promote future automatic updates-blogs, social media, communication with rewards, and the level of content creators.

Features of the first stage launch base

• QORT service token (main platform "coin")

• Shared miner rewards (rewards-stock trading)

• QORTecTor device 1st generation (Https://qortal.org/index.php/device-info/)

• Minting and rewards to protect the blockchain

• Simple BTC/QORT trading system in front of a comprehensive trade portal

• Create Minter through "Sponsorship"

• Pointer level

• Level-based voting system

• QORA assets/250 QORA transition to 1 QORT ratio (250:1)

• UI platform based on custom web

• Simple account creation

• Secure access through local or hosted nodes

• Asset/token creation system

• Asset trading and Qortal's asset exchange

• The trade portal will allow asset/BTC transactions to be updated in the future

• Built-in block resource manager

• Qortal's own code repurchase

• Qortal website hosted on Qortal-before public hosting options

Plan function and status TLDR

Trade portal : the back-end is completed-the front-end (user interface) is developed-the second phase starts the update-planned to be within one month after the first phase is launched. Updates in Qortal are performed automatically (the automatic update function is another feature unique to Qortal), once the official version is approved and tested by the community.

QrowdFund's decentralized crowdfunding funds supported by BTC : the back-end and SmartContracde complete the creation of automation-the front-end is built on QORA; it needs to be transferred to the new custody method to be implemented in the second phase after QORT-plan. The previous QORA application and SmartContracts system allowed decentralized automatic crowdfunding. Thanks to Qortal’s local BTC support and added support for BTC.

Committee and Fund : The plan is around the second stage. Allows users to create shared contribution funds or create committees (groups) for various use cases and clubs in the system.

Data storage, data nodes and data super nodes (with rewards) : The third phase is planned. Most of the back-end work has been completed. Rules and some UI work needs.

Decentralized code repurchase (about Qortal itself) : In the third phase, it is planned to host code repurchase on the platform without relying on central services for code updates.

Public decentralized GitHub repurchase projects for other projects : The plan is to focus on the third phase. Hope the first "hosted application" is on the platform. Allow others to use Qortal's decentralized network for GitHub recycling.

Web hosting : planned after the fourth stage. Allow users to host websites on the decentralized Qortal network. Use data nodes to store data. The client-side language is supported first, followed by the server-side support, and the reward for the dedication of space and computer functions.

Blog/Social Media (together with rewards) : planned for the fourth phase. Allow users to publish blog posts and be rewarded for content. Other users can vote on the content and increase the level of content creators to obtain greater returns and greater influence. This also requires more thinking about the details of the system until the reward comes from/the counterparty. It may be necessary to modify the block reward at this stage.

Application hosting : It is planned to be carried out after the fourth phase. This will be support for applications hosted by Qortal; it will be necessary to elaborate on how each aspect will work and how the server-side hosting and sharing of the required CPU power/data will be done within the system.

QORA transformation

Since the current team has taken over the development of QORA, it is appropriate to allow QORA to "transition" to QORT. Users who hold QORA will be able to "transition" to the Qortal chain and QORT tokens/coins; QORA will not be available in Qortal. By sending coins to the QORA Genesis account to burn QORA, users can get Qortal through QORA conversion.

20% of the reward for each block, no matter who minted it or whether the QORA conversion user is Minter, will be distributed to QORA conversion users. Every 20% of the payment that users will receive is based on the number of QORA they burned (give them a "weight" because 20% is allocated by the total number of QORA transition users). QORA assets on Qortal are given to transitional users to represent the total number of coins they burned. When the ratio of 250 QORA to 1 QORT (250:1) is reached, the conversion is complete and the user no longer receives a reward from the 20% block reward for each future block.

Users who do not burn their QORA before the launch of the first phase of QORTAL and the beginning of the blockchain will have no chance to do so in the future! In order to perform in a completely decentralized manner, the information must be located in the cause block. Therefore, burns must occur before launch.

The QORA variable is a total of 250 QORA to 1 QORT, which is burned by the user according to the number of QORA. The 20% reward for each block is for those who burn QORA and prove that they have a burning account. They import QORA seeds into Qortal. Therefore, we will not know the total QORT that will be provided in this transition until the genesis block and all QORA burners complete their launch on the Qortal chain. It should be noted that the total amount of QORA is 10 billion, which is lost or inaccessible in several exchanges. Therefore, it is possible to reduce QORA by 250 times based on this alone, but in fact neither is possible. If every QORA is burned, there may be 40 million coins dead.

QORT (main "coin" and platform "service token")

Block reward and production reduction
Block 1 reward: 5.00
block 259201 reward: 4.75
block 518401 reward: 4.50
block 777601 reward: 4.25
block 1036801 reward: 4.00
block 1296601 reward: 3.75
block 1555201 reward: 3.50
block 1814401 Reward: 3.25
block 2073601 Reward: 3.00
block 2332801 Reward: 2.75
block 2592001 Reward: 2.50
block 2851201 Reward: 2.25
block 3110401 Reward: 2.00

Block rewards
QORT’s block rewards are endless.

Because QORT is a service token, there should always be new tokens to drive various services on the network.

There is no upper limit on total coins on QORT. Once every 6 months, the whole reward starts from 5 coins and decreases by 0.25 until 2 coins are rewarded. In other words, unless a vote is taken on the added proposal, it can also be adopted by putting forward a proposal in the United Nations system and then voting on it. The possibility of increasing or decreasing at most one coin per coin can be done by voting, but such voting can only be done once every'year' (in blocks).

For more information
For more information about the Qortal project, please visit the wiki page: wiki.qortal.org
and join our Discord QORT project official chat: https://discord.gg/P8YYqgS
Telegram QORT project official chat : Https://0.plus/qortal_official