What is Qredo? Information about QRDO

What is Qredo?

Qredo is a cross-chain payment protocol, this project helps track and address the security risks of centralized private key management of digital assets.

Qredo addresses the risks of handling private keys through a consensus-driven multi-party computing (MPC) network and a decentralized custody solution.

Features of Qredo

Qredo Network helps to securely store and quickly settle cryptocurrency transactions. An agile blockchain makes it easy to create a mechanism for fast settlement and distribution of digital assets.

Qredo sees its te

chnology as a necessary foundation to provide smart contract-based financial services (similar to the DeFi protocol on Ethereum) to institutional market participants.

Qredo's vision is to aim to take the first step with an upcoming cross-chain automated market maker (AMM) that will be on top of a decentralized custody platform and blockchain agility.

Qredo AMM can solve the problem of liquidity fragmentation in cryptocurrencies, attract investors with large pockets to participate and deploy capital.

Why should I 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 partner 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.

Qredo .'s blockchain technology

• Qredo Protocol runs on a low-latency global telecommunications network with custom node hardware designed for high performance. Qredo blockchain validator nodes use Tendermint as a decentralized consensus mechanism.

• Currently, the coordination between nodes in the Qredo protocol is managed centrally and is not based on token-based economic incentives. When the Qredo V2 launch is scheduled for Q1 2021, the Qredo token will be introduced.

• The nodes in the Qredo Network are subject to certain technical standards, and the network benefits from high performance, low latency, and high availability. This allows Qredo to accommodate institutional-grade operations such as high-frequency trading. The expected cost of running a node will be around $1,000 a month with an upfront cost of $10,000 to $15,000 and is expected to break even after 1 year.

Institutions DeFi

Qredo's blockchain technology allows service-oriented protocols to be built. These protocols will be able to interact with crypto assets from a multitude of blockchains.

Qredo V2 will introduce the first “Institutions DeFi” protocol built on its custody platform as a multi-chain automated marketplace maker. When launching the token, Qredo aims to launch liquidity through a liquidity mining program.

Utility of QRDO token

The QRDO token is used to launch, for example, a reward for AMM's LP.

The QRDO token is important for governance and decentralization on the Qredo Network.

Governance decisions will include power over typical attributes such as fee structure, for example, fees charged for AMM and corresponding reward distribution.

The token econometric model is available upon request.

ROADMAP

Qredo operates 6 validators.

Qredo Wallet is built on Qredo Core Client.

The Qredo Signing app enables multi-monitoring operations.

Q3 2021: V2 Testnet

Strategy validators are recruited with incentives/functions.

The Qredo Governance Token is given to the acceptor/user.

Q1 2022: V2 mainnet

Validators receive a share of the network revenue.

Complete the transition to DAO governance.

Project team

Conclusion

Of course, for you to appreciate the Qredo platform, you will need very few words from me. After all, in fact, my entire review only prepares you for a deeper understanding of the project through the technical documentation and all the social and official resources. . The links that you will find are under the description of this article.

• As for my opinion on Qredo, I am happy to hear that the team of experts involved in the development of this platform have tried to maximize the relationship between the system and the users. Thus eliminating the most important problems inherent in this industry, as well as introducing the most modern technologies. As a result, investors are not only audited, but also can find the most authentic quality projects, and become part of a large affiliate program.

At the same time, I would like to reiterate that my posts are for informational purposes only and do not call for any action. Therefore, only you have the right to decide how to act and use the information I described above. And with that, I thank you for your interest and reading my post to the end. So I will be happy to receive your feedback as a comment.

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: @Techlogozy
Email Quedo: [email protected]

#Qredo #MPC #Blockchain