Overview of Qredo and the benefits of using it

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

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 various Layer 1 blockchains and in the liquidity 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.


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 the provisions of the FATF Travel Rule with cryptographically binding messages and transactions.

Information about QRDO Token Token

Key Metrics QRDO

Token Name: Qredo.

Ticker: QRDO.

Blockchain: Qredo blockchain.

Token Standard: Updating…

Contract: Updating…

Token Type: Utility & Governance.

Total Supply: 2,000,000,000 QRDO.

Circulating Supply: Updating…

Team, Investors & Partnership

Above are the 6 key members of the Qredo project team. They are all senior leaders of famous projects and organizations in the market such as Celsius Network, Deribit, CMS Holding, etc. You can find out details about each member through their LinkedIn channel.

Investors

Most of the projects launched on CoinList have huge backers and so does Qredo. Qredo has successfully raised capital from 12 investors including Kenetic, Spartan, 1kx, Signum Capital, Borderless Capital SVK, etc.

Partnership

Currently, Qredo has been a partner of many large organizations in the market such as Coinbase, Deribit (exchange), Celsius, Nexo (lending platform), ... According to information from the project, in the near future they may deploy and use Qredo's technology to apply to its products.

In addition, Qredo has also been tested by a number of partners:

Audited: Quanstamp, Trail of Bits, NCC Group.

Insured: Lloyds of London, Marsh.

Tested: Zokyo.

Roadmaps & Updates

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

Conclude

Through this, I hope to provide you with more information about the Qredo (QRDO) project. If you have any questions about Qredo (QRDO) and want me to answer, please share your opinion in the comment section.

All are for informational purposes only and should not be considered investment advice, you should do your own research before making investment decisions. Join the social media channels below to stay up to date with the latest market information!

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: @Teamtool
Email Qredo: [email protected]

#Qredo #MPC #Blockchain