QANplatform

What is QANplatform?

QANplatform emerges as a quantum-resistant Layer 1 hybrid blockchain, providing a groundbreaking foundation for developers and enterprises to construct quantum-resistant solutions in various domains. It supports the development of smart contracts, DApps, DeFi, DAOs, tokens, CBDCs, NFTs, Metaverse, and Web3 applications using any programming language. The platform ensures fast adoption by integrating with popular programming languages, DevOps technologies, major cloud platforms, and Indexing and Oracle APIs. Notably, QANplatform maintains compatibility with Ethereum EVM, allowing seamless migration for existing Ethereum projects.

---

Recent Video Interview

Main points of the interview:

• QANPlatform's private blockchain accessibility and development features.
• Outlined plans for a spring testnet release and a subsequent mainnet launch in 2024.
• Highlighting strategic implications for blockchain integration across diverse industries in regions like Saudi Arabia and the UAE.
• Upcoming educational videos on quantum security.

---

Key Innovations

• Multi-language Smart-Contract Development Methodology: Enables coding in any programming language, making QANplatform accessible to 20 million programmers.
• Lattice-based Post-Quantum Cryptographic Algorithm: Implemented in Rust, providing quantum resistance with CRYSTALS-Dilithium, a NIST-approved primary post-quantum algorithm.
• Proof-of-Randomness (PoR) Algorithm: A unique consensus mechanism making QANplatform eco-friendly, democratic, and fast.
• Rapid Cloud Platform Deployment: Allows users to deploy QAN private blockchain on major platforms in less than 5 minutes, establishing QANplatform as the fastest blockchain to deploy on the market.

Hybrid Blockchain

Hybrid Blockchain Definition: hybrid blockchain combines the strengths of both private and public blockchain solutions, addressing the lack of hybrid options in the current blockchain landscape.

QANplatform serves as both a private blockchain (similar to Corda or Hyperledger) and a public blockchain (akin to Solana, Cardano, and Polkadot). Enterprises prioritize transparency and data security, utilizing QANplatform's hybrid capabilities to define which information remains private.

Why Proof-of-Randomness (PoR)

Challenges with Current Consensus Algorithms: Proof-of-Work (PoW) and Proof-of-Stake (PoS) have drawbacks, such as high energy consumption or lack of democracy.

QANplatform's Proof-of-Randomness (PoR) Solution:

• A democratic and eco-friendly consensus algorithm.
• Validation can be done using simple devices like mobile phones or Raspberry Pi.
• Randomly selected validators ensure scalability and higher transactions per second (TPS) without compromising decentralization.
• Transactions per Second (TPS): Balancing Speed and Decentralization:

TPS

TPS Definition: Transactions per second measure the number of transactions completed in one second by a blockchain platform. Many fast blockchains compromise decentralization.

QANplatform's Approach:

• Proof-of-Randomness (PoR) achieves high TPS in an energy-efficient manner.
• QAN MainNet boasts an initial speed of 1,600 TPS, with potential for 97,000 TPS on private blockchains.
• Hybrid blockchain approach enables a theoretical maximum of 155,200,000 TPS.

QANX Token: The Engine of QANplatform

The QANX Token within the QANplatform ecosystem serves crucial roles, including facilitating payments for contract deployment and executing methods. Users also utilize the token for transaction fees and acquiring validation tickets, while full-node providers register by paying a fee in QANX Tokens. Additionally, participants receive rewards in QANX Tokens for contributions, such as smart-contract royalty fees, validation, full-node provider rewards, token challenges, and bug-bounty rewards, creating a comprehensive incentive system within the blockchain platform.

Team Background

The QANplatform team is a diverse and international group, with over 30 members spread across 10 countries. Comprising cryptography experts, developers, business specialists, and advisors, the team's collective experience is evident in their past roles at prominent entities such as PwC, IBM, Deutsche Telekom, Uber, Bitcoin.com, Ethereum, Monero, and Zcash.

Notable figures in the team include Johann Polecsak, the Co-founder and Chief Technology Officer (CTO), Jevgenia Kim, serving as the CEO, and Silur (Endre Abraham), the Co-founder and Head of Cryptology, known for prior contributions to Ethereum, Monero, and Zcash. Their diverse backgrounds and expertise position QANplatform to excel in the dynamic blockchain landscape, ensuring a strong foundation for developing quantum-resistant hybrid blockchain solutions.

Project Development

Zokyo has joined forces with QANplatform, becoming one of its blockchain cybersecurity auditors alongside Hacken and Beosin. This collaboration aims to fortify the QANplatform ecosystem through cybersecurity consulting and auditing services. QANplatform recently introduced the world's first private blockchain, combining quantum resistance with compatibility with Ethereum's EVM, enabling developers to code smart contracts in any language.

The CRYSTALS-Dilithium algorithm, a NIST-recommended post-quantum algorithm, enhances the security of the QAN Private Blockchain, safeguarding against potential quantum computer attacks. Zokyo, a reputable web3 cybersecurity auditor with a vast clientele, will contribute to QANplatform's auditing tenders, assist key ecosystem projects, and collaborate on security guidelines for multi-language smart contracts. Joint initiatives, including educational content publication and AMA sessions, are also in the partnership's agenda.

QANplatform Price Analysis

As of December 25 2024 QANplatform has a marketcap of $106M. This is {{percentagefromath}} from its all time high of $0.203412. In terms of its tokenomics, there's a total supply of 2.1B with 81% currently outstanding. Keep in mind QANplatform has a fully diluted value of $131M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.