Qredo - Efficient 2-layer solution for Blockchain industry

In recent years, financial market downturn and inflation raged everywhere. This is the growth opportunity of cryptocurrencies. In other words, this is the golden age of the crypto market. That is why during this time, there are countless cryptocurrencies born, but the most prominent and most interested is probably the Qredo cryptocurrency project.

What is Qredo?

QREDO is a cross-chain liquidity protocol that provides secure decentralized custody and a layer 2 peer-to-peer transaction network. As Qredo progresses on its decentralized journey, the network of MPC nodes will come under governance. management of a DAO, with all activity overseen by a community of liquidity providers. This will create an independent, censorship-resistant life form where no entity can resist activities on the Qredo network.

Reasons to use QREDO

• Eliminate counterparty risk: As control over assets no longer relies on centralized “private key” ownership.

• Enhancing liquidity: Qredo's AMM aims to aggregate liquidity from all wallets from the network and record ownership of crypto assets on the underlying chains.

• Reduced barriers to entry: Qredo reduces counterparty risk and increases the amount of liquidity that can be accommodated for larger orders, paving the way for institutional investors to enter the market.

• Increased flexibility: Qredo allows investors to trade, transfer or stake their assets easily with the AMM mechanism.

• Enables Decentralized Brokerage: Qredo's technology enables service providers to their clients without counterparty risk. Allows investors to trade on exchanges without pre-funding the wallet. Qredo's system allows the counterparty to view the funds in the user's wallet without accessing it during the transaction.

• Create new revenue opportunities: Market participants can join Qredo Network as a Verifier or LP to earn a portion of the fees collected by the system.

In cryptographic protocols and wallets, all control derives from owning the private keys associated with crypto holdings. Once the private key is stolen, all assets are compromised and there is usually no way to get them back once lost. As a result, private key management remains the biggest source of interest for crypto asset managers, while most custody solutions are highly centralized, with benefits (e.g.: there is an organization to sue if something goes wrong) but it also has the downside of increased risk and cost.

One of the biggest barriers to more widespread decentralized cryptocurrency trading is the difficulty, centralization, and cost of cross-chain swaps. While swapping BTC for ETH on a centralized exchange (CEX) is simple, it is difficult to do this in a decentralized way.

Qredo, a decentralized custodian protocol, was born from the above backlog and solves several problems for asset owners by providing:

1. Reduce dependence on centralized partners by decentralizing crypto asset management

2. Less reliance on constraints/settlement issues specific to the blockchain with atomic swaps of other cross-chain assets on its own blockchain.

3. Transactions cost less by incentivizing more assets to live on their blockchain.

Basic information about QRDO token

Token Name: Qredo

Ticker: QRDO

Blockchain: The project's own blockchain

Token Standard: Updating

Contract: Updating

Token Type: Utility, Administration

Total Supply: 1,000,000,000 QRDO

Circulating Supply: Updating

Qredo .'s Investor

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

are all big investors in the crypto world. From there, it shows the future and prospects of the project

Conclusion :

As known before, cryptocurrency is a product of technology, it not only makes transactions convenient and fast, but also helps us manage money and assets. most convenient and accurate.

• Cryptocurrency tokens, on the other hand, work on a blockchain, they act as a means to create and support decentralized applications and smart contracts, and it is these tokens that make exchange becomes possible. Transactions just got easier. great that Qredo has incorporated these cross-chain features for the project. It seems investors are also excited to hear about it.

In general, the cryptocurrency market was born when our economy turned a new and better page. I believe this project will continue to bring us more

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: @Journame
Email Qredo: [email protected]

#Qredo #MPC #Blockchain
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