What is Qredo Network? Complete information about QRDO token

Qredo Network is a Layer 2 decentralized crypto-asset custody protocol with several built-in rules and governance models to create consensus mechanism.

On Layer 2 is a Layer 3 that supports decentralized communication that allows communication activities to be replicated on all parties instantly, end-to-end communication with built-in security and privacy mechanisms. Communication can take place between machine-to-machine, machine-to-human, or human-to-human. Qredo Network is a protocol that supports the realignment of digital asset ownership and blockchain connectivity. A radical new approach to bringing liquidity and capital efficiency to the blockchain economy.

Qredo Network's mechanism of action

Qredo's operating philosophy is to promote Layer 2 protocols to their full potential through the use of decentralized communication protocols, Layer 3, as an independent layer to offload any unsecured communication. any related. This is essential for Layer 2 to provide effective solutions for traditional financial institutions that want to join or develop their DeFi protocols. The Qredo protocol uses multi-party computation to generate segregated deposit addresses and eliminates the risk of private key theft. MPC nodes sign transactions through a secure consensus-driven workflow without the need for centralized private key storage. The design of the protocol, from the consensus layer to the design of digital assets and economic security, aims to provide on the premise that the entire network is the vault and eliminate all counterparty risk for the providers. liquidity providers, market makers and traders. All deposits and holdings are mapped 1-1 with the underlying Layer 1 blockchain and auditable via the Qredo block explorer.

Technology of Qredo Network

High-speed synthetic blockchain
Qredo's Layer 2 is a fast maturing blockchain tuned to handle thousands of transactions per second. Qredo's Layer 2 records asset ownership across different Layer 1 blockchains and in the liquidity network.

Consensus MPC Network
The consensus-driven MPC network eliminates digital asset fraud. Programmable governance and workflow with built-in security for institutional trading, as well as access to DeFi smart contracts with maximum security.

Information encryption
Layer 3 of Qredo allows users to broadcast RFQs on an encrypted decentralized messaging network and handle all trade finance negotiations with ease. Qredo Layer 3 supports FATF Travel Rule provisions with cryptographically binding messages and transactions.

Client and Partner API

The Qredo Integration Library connects to the Qredo client APIs allowing market participants to integrate Qredo into their back-office and back-office applications. Partners can develop custom applications that integrate with the Qredo Network and benefit from a flexible architecture and support for multiple use cases.

Highlights of Qredo Network

1. Decentralized security
Qredo's protocol claims ownership of assets on a decentralized ledger versus storing it in a centralized database. Based on MPC network consensus eliminating the risk of private key theft.

2. Cross-chain interoperability
Support the development of the cross-chain cryptocurrency market with easy cross-chain atomic swaps and cross-chain credit facilities.

3. Transaction security and automatic execution
Qredo has built in security and privacy protocols that ensure no counterparty on the Qredo network knows your strategy and transactions are not affected by pre-runs, MEV disruptions, and other activities. unrighteous.

QRDO token

Basic information

• Token Name: Qredo

• Ticker: QRDO

• Blockchain: Qredo blockchain

• Token Standard: Updating

• Contract: Updating

• Token Type: Utility, Administration

• Total Supply: 2,000,000,000 QRDO

• Circulating Supply: Updating

Allocation rate

• Investor: 34.3% – 686,000,000 QRDO.

• Team: 22% – 440,000,000 QRDO.

• Private & Public sale: 11,216% – 224,320,000 QRDO.

• Ecosystem: 11% – 220,000,000 QRDO.

• Qredo Distribution: 10% – 200,000,000 QRDO.

• Initial Validator: 4% – 75,680,000 QRDO.

• Treasury / Reserve: 3,784% – 75,680,000 QRDO.

• Advisors: 3.7% – 74,000,000 QRDO.

Development roadmap

• Q4/2018: Qredo was established.

• Q4/2019: The first dApp MVP is launched.

• Q1/2020: Patented Apache Milagro subproject. Q2/2020: Launching MPC v1.0 Testnet.

• Q3/2020: Launched v1.0 Mainnet with BTC support and instant asset transfer.

• Q4/2020: Supports Ethereum network, allows swap between BTC and ETH.

• Q2/2021: Launching MVP with Liquidity Hub, Trader Chat and supporting top 13 ERC20 tokens

TEAM

Partner

Qredo has successfully raised capital from 12 investors including Kenetic, Spartan, 1kx, Signum Capital, Borderless Capital SVK, etc.

The Qredo project pioneered the creation of the first decentralized multilateral computing (MPC) network. This allows Qredo to provide decentralized storage, integrated cross-chain swaps, and cross-platform liquidity access. In short, it is an addition to the already existing bitcoin blockchains and the erc20 ethernet network.

WEBSITE: https://www.qredo.com/

TWITTER: https://twitter.com/QredoNetwork

LINKEDIN: https://www.linkedin.com/company/qredo

TELEGRAM: https://t.me/qredonetwork

DISCORD: https://discord.gg/bgVPvf6

GUTHUB: https://github.com/qredo

Author:

Telegram: @Maker9999

Email Quedo: [email protected]

#Qredo #MPC #Blockchain