Altcoin Explorer: QLC Chain, the Subsequent Era Public Chain for Community-as-a-Service (NAAS)


Blockchain expertise has disrupted virtually each sector, together with telecom. QLC Chain is without doubt one of the main blockchain initiatives that search to remodel the telecom sector for the higher. Initially known as Qlink till a current rebranding, QLC seeks to decentralize telecommunications by creating a distributed telecommunications platform during which customers should buy connectivity from different customers fairly than cell suppliers. 

In essence, QLC Chain seeks to develop a safe and trusted atmosphere for communication providers and streamline the digital divide by deploying distributed ledger expertise (DLT), permitting anybody to function and profit from community providers. 

QLC Chain Mission Overview 

QLC Chain payments itself because the next-generation public blockchain designed for the Community-as-a-Service (NaaS).

The platform relies on the NEO protocol and integrates a multidimensional Block Lattice structure that makes use of digital machines (VM) to handle and assist built-in sensible contract performance. QLC Chain leverages twin consensus: Delegated Proof of Stake (DPoS) and Shannon Consensus, an in-house consensus developed by the QLC Chain crew. 

Utilizing two consensus protocols, QLC Chain delivers a excessive variety of transactions per second (TPS), achieves large scalability, and supplies an inherently decentralized ecosystem for NaaS associated decentralized functions (dApp). NaaS dApps can embrace numerous platforms reminiscent of Digital Personal Community (VPN), multicast protocols, customized routing, Large Space Community (WAN), bandwidth on demand, intrusion detection and prevention, safety firewall, and antivirus.  

In easy phrases, QLC Chain is a multidimensional block-lattice structured ledger with built-in telecom service capabilities. The platform decentralizes telecommunications providers permitting you to buy and promote telecom providers out of your friends as a substitute of centralized telecommunication corporations. The QLC Chain mannequin is revolutionary, permitting customers to promote unused information to others, promote entry to their Wi-Fi connection and run their cell sign.        

QLC High Options 

QLC packs excellent options, which embrace: 

Multidimensional Block Lattice Construction

QLC Chain leverages the Block Lattice Structure to resolve excessive transaction charges and gradual transaction processing speeds. The Block Lattice construction solely tracks one blockchain for every transaction account fairly than monitoring customers’ transactions. This enables the community to take up much less cupboard space permitting for elevated transaction velocity. 

Block Lattice can assist as much as 7,000 TPS with over 50,000 customers on the community. QLC has enhanced the Block Lattice by changing it right into a multidimensional protocol that may assist a number of tokens with sensible contract performance. The multidimensional block-lattice structure permits for cross-chain communication in addition to permits for large scaling.

Twin Consensus Protocol 

QLC Chain employs a twin consensus blockchain protocol: Delegated Proof-of-Stake (DPoS) for validating transactions and Shannon Consensus, which capabilities as a storage node. Whereas DPoS serves as an environment friendly transaction protocol processing hundreds of transactions by way of NEOs Byzantine fault-tolerance consensus, it’s flawed in dealing with the extra information storage nodes in addition to bandwidth introduced by sensible contracts. Subsequently, the QLC crew developed the Shannon consensus to assist the DPoS consensus by storing information effectively and economically.  

QLC Historical past and Improvement Crew 

QLC Chain was initially referred to as Qlink earlier than it was rebranded in Could 2018. The Qlink Basis was established in February 2018 by Allen Lee and Susan Zhou.

Each Zhou and Lee function co-CEOs within the Qlink Basis. QLC Chain improvement is being accomplished in three phases, and it’s presently in its third section. Qlink Basis launched its preliminary coin providing on December 22, 2017, elevating over $19.2 million after promoting 224 million QLC tokens. 

The QLC improvement crew includes professionals with huge expertise in software program improvement, funding banking, and FinTech.

Allen Lee leads the crew because the Chief Architect. Lee is a former Huawei software program engineer and owns a number of patents, together with YouYou Cellular. Susan Zhou is the co-founder and COO. She has greater than ten years of expertise within the telecommunications and funding business. Different crew members embrace Roger Lim (co-founder and former CEO of webvisions), Toya Zhang (former senior PR director of OKCoin) because the CMO, and Tony Gu (CEO of Rhodium Capital) as the top of technique.  

Twin Token Construction 

QLC Chain implements a twin token construction, i.e., QLC and Q-Gasoline. 

QLC Token 

QLC token is a NEP-5 commonplace token based mostly on the NEO protocol. QLC is the protocol token on the QLC Chain and acts as a fee methodology for market transactions. Transactions utilizing QLC are carried out immediately on the blockchain. The platform additionally permits customers to stake QLC and entry numerous advantages, together with issuing tokens for the communication providers, obtain Q-Gasoline and vote for ledger updates, and extra. 

Q-Gasoline 

The Q-Gasoline token is the utility gas for symmetry habits of data processes reminiscent of sending/receiving, encrypting/decrypting, importing/downloading, and encoding/decoding. QLC holders can profit from Q-Gasoline necessities when the communication service supplier deploys its service on Go-QLC, reminiscent of A2P SMS globally billing and clearance. Q-Gasoline are burnt from the community as soon as consumed. 

Aside from QLC and Q-Gasoline tokens, QLC Chain additionally helps fiat currencies to be used by telecom suppliers and advertisers. Nevertheless, fiat transactions are dealt with offline to assist the expansion of cryptos makes use of on the platform. 

QLC Tokenomics 

Identify: QLC

Circulating Provide: 240.00M QLC

Market Cap (USD): $16.80M

Max Provide: N/A 

The way to purchase & retailer QLC Token 

Since QLC Chain pre-mined your entire provide of QLC tokens at its inception, customers can’t acquire QLC tokens by way of mining. The one choice of buying QLC is thru buying and selling on a crypto trade. QLC token is listed on a number of crypto exchanges, together with Binance, Gate.io, Kucoin, Bitbns, and so on. You possibly can trade QLC with a number of cryptos, together with Bitcoin, Ether, Tether, and others.

QLC Chain is constructed on Neo blockchain; due to this fact, QLC token might be saved on Neo suitable wallets reminiscent of NEO-GUI, NEO WALLET, SEA, NEO Tracker, Ledger Nano S, and Ledger Blue. 

The way to get Q-Gasoline 

Q-Gasoline might be generated by staking QLC from June 8, by way of Go-QLC pockets. The staking portal might be out there 24 hours earlier than, which is June 7, GMT. You may get Q-Gasoline by following the beneath steps. 

Step 1: Create a QLC Chain Pockets

Step 2: Withdraw your $QLC to a NEP-5 pockets.

Step 3: Invoke Stakings

Step 4: Verify your Q-Gasoline Earnings

Step 5: Lookout our Q-Gasoline Awarding packages

High Telecom Companies Supplied by QLC Chain 

A worldwide, decentralized Wi-Fi sharing community the place customers can share their backup or unused Wi-Fi with others. You’ll obtain a reward with QLC. 

Distributed enterprise telecommunication providers (reminiscent of SMS / voice/information providers) on QLC. 

A decentralized telecommunications infrastructure: Customers can construct their very own telecommunications infrastructure as cell base stations by deploying a tool designed particularly by QLC to assist supply. LTE-U protocol and POW + POS consensus mining algorithm.

A decentralized fee system: To reload cell information plans and promote extra information to anybody who needs to purchase. Particularly helpful for distributing content material on cell networks.

Closing Phrases 

QLC Chain is a distributed cell community constructed on the Neo blockchain. The platform decentralizes telecommunications providers reminiscent of Wi-Fi, SMS, calls, and enterprise telecommunication providers by deploying sensible contracts within the blockchain. QLC chain divides its cell community into two elements on the blockchain, i.e., infrastructure and providers. The infrastructure phase is hosted on Neo blockchain, whereas the providers phase, together with content material monitoring information and fee information, are saved on QLC Chain. The challenge has the superb potential of fixing present challenges within the telecom business by enhancing community protection, eliminating monopoly, slicing telecommunications infrastructure prices, and enabling customers to make the most of unused community belongings. 

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