A detailed overview of the Qredo ecosystem.

Introduce

In recent years, Blockchain technology and cryptocurrencies are attractive financial instruments that attract the interest of many people. The centralized financial industry was the financial engineering giants of the crypto space, until Ethereum launched its first decentralized financial product. Decentralized Finance (Defi) does not require customers to submit their bio-data details before they sign up. Decentralized finance requires their customers through Metamask or Trustwallet to connect their wallets to list a number. Although this approach has been adopted by many talented and creative programmers to flex their creative muscles on Decentralized Exchanges (DEX) and Defi systems, it has created a dynamic attitude. complex and saturated, making it difficult for Defi investors and users to find Defi Products for them.

Qredo has noticed these vulnerabilities in the cryptocurrency space and decentralized finance ecosystem and has stepped in to rectify the situation. Through Qredo provides a platform to help manage digital assets and connect various Layer 1 blockchains into the Layer 2 blockchain of Qredo Network. A new approach to create a synchronized blockchain economy and increase capital efficiency for the community.

Eliminate the security burden of wallet key management, giving traders and organizations more peace of mind in exchanging, buying and selling cryptocurrencies. On the other hand, Qredo increases the security and speed of movement of assets on the open protocol.

Trade at a lower cost by incentivizing more assets to be created on Qredo

Qredo’s cross-chain Layer 2 Network enables institutional investors and corporate treasurers to painlessly integrate digital assets into their investment activity and operations. Features include:

• Secure crypto asset custody via a next-generation implementation of Multi-Party Computation (MPC). This decentralized approach removes the risk of centralized private key storage solutions.
• Comprehensive digital asset governance and reporting features, allowing institutions to meet compliance obligations and customize their custodial governance and approval workflows.
• Instant cross-chain swaps and settlement on supported blockchains — with none of the frictional costs associated with Layer 1 transactions.

What problem was Qredo created to solve?

• The digital asset economy suffers from many structural problems unique to the industry leading to a lack of liquidity and hindering the functioning of financial markets.

• Transaction confirmation times are extremely slow, resulting in all trading and credit operations requiring up to 100% of the capital being locked.

• Transaction fees are too high and attacks on projects in the crypto-currency industry are happening more and more due to security holes.

• Larger capital market players want to enter the crypto market but cannot because of the lack of enterprise-grade infrastructure along with audits to ensure security, governance and compliance to support Cross-asset settlement and cross-platform liquidity.

Functions of Qredo

Controlled decentralized asset custody

• Self-managed and 3rd party hosting

• Company authorization and decentralized control

• Multi-asset fund management

• DeFi Control Panel

Decentralized RFQ system analyzed and credit facilities

• Cross-chain atom swap

• Instant transfer

• Automatic net worth settlement

• Chat with P2P / P2Pool traders

• Liquidity pool access

• Cross Chain DEX Connection

Rules of Decentralization

• Automated and customizable reports

• Store immutable records of transactions and messages

• Auditing, Verification and Insurance

Qredo uses Threshold Signature Scheme (TSS), a special type of secure multi-party computation (MPC), which is a variation of Shamir's Secret Sharing (SSS): Split the private key into multiple "keys" shared”, which requires M-of-N approval of the owner of the semi-private key to execute the transaction. When M of N signatures are collected, a private signature approves a transaction. MPC is used by many of the most popular centralized custodians, including Fireblocks and Bakkt Warehouse, but also decentralized protocols like THORchain.

• Qredo is audited, authenticated and insured by notable organizations such as Quantstamp, Trail of Bits, NCCGroup, Lloyds of London, Marsh, Zokyo…

Token

Ticker: QRDO

Token type: ERC20

ICO Token Price: 1 QRDO = 0.50 USD

Fundraising Goal: 40,000,000 TOKEN

Total Tokens: 1,000,000,000

Available for Token Sale: 11,216%

TEAM MEMBER

Inference

Qredo incorporates a widely recognized and accepted staking method in the cryptocurrency industry. It is a proof of stake algorithm that was invented to maintain a healthy network; decrease the circulating supply of tokens, thereby increasing the price of the digital asset. Here, the loyalty of the network stakeholders will be compensated in proportion to the number of tokens they lock from the circulating supply of the crypto asset Qredo.

You can find more information about Qredo and its services on the Qredo website.

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: @Viltazalet
Email Qredo: [email protected]