THELOGICALINDIAN - QURAS allows developers to actualize acute affairs that handle abstracts abreast The activity began in 2024 with the absorbed to defended healthcare abstracts but back again it has abundantly broadcast its focus
QURAS is a blockchain that allows users and developers to actualize acute contracts, custom tokens, and affairs in a way that keeps all abstracts clandestine and hidden.
The activity began in 2024 with the ambition of accouterment defended accumulator for healthcare data, but back then, it has confused its focus against confined developers in around all areas.
XQC Token Summary
QURAS initially aloft basic through clandestine investors in 2024, adopting about about $14 million. QURAS aboriginal listed its XQC badge on Bithumb Global in mid-October 2024. Today, XQC is accessible to accepted investors on three exchanges: Bithumb Global, CoinTiger, and Biki.
As of April 2024, XQC has a circadian aggregate of $1.8 actor and is priced at $0.14. Since QURAS has not yet launched its mainnet at the time of this writing, the amount of XQC is acceptable to fluctuate, and it may be some time afore bazaar aggregators accord the badge a bright ranking.
The XQC badge is aimed at developers who appetite to actualize in-app transactions. General users can additionally authority XQC to acquire staking rewards, or absorb it on payments.
Secret Smart Contracts
Privacy bill like Monero and Zcash accord users a way to adumbrate transaction details, while blockchains like Ethereum accord developers a way to affairs acute affairs with automatic transactions.
QURAS combines those two features, alms clandestine programmable affairs on one platform.
This agency that, for any accustomed transaction or contract, alone complex parties can appearance advice about that transaction or contract. Encryption techniques acquiesce the QURAS blockchain to verify and ensure the candor of that abstracts after absolutely absolute any of that data.
Developers who use QURAS can additionally actualize their own aloofness tokens, amalgamate clandestine affairs with accessible acute contracts, or use absolutely cellophane affairs and acute contracts.
QURAS Mainnet Launch
QURAS’ mainnet launch, which will accessible the belvedere to all users, is appointed for mid-May 2024.
Prior to the launch, QURAS will backpack out a trusted setup ceremony. This agency that the QURAS aggregation will accomplish and abort a adept key, a action that prevents those complex in the bureaucracy from examination clandestine data. This action is additionally apparent in added zk-SNARK based blockchains like Zcash.
QURAS users who adopt not to await on a trusted bureaucracy can alternatively use RingCT, which is adapted for clandestine transactions, but not adapted for clandestine acute arrangement data.
Post-mainnet launch, QURAS additionally affairs to add cross-chain interoperability, acquaint abutment for Mimblewimble privacy, and accomplish assorted improvements to encryption and privacy.
QURAS affairs to accommodate off-chain, BitTorrent-based abstracts accumulator as well. This will acquiesce developers to abundance ample files after burdening the blockchain’s abstracts throughput.
Staking and Proof-of-Importance
To validate blocks and transactions, QURAS operates on a NEM-like “proof-of-importance” system. This agency that nodes with a aerial acceptability accept a greater adventitious of acceptance a block.
Though proof-of-importance is altered from proof-of-stake, it is agnate in that it provides aerial transaction throughput, has low activity costs, and rewards those who own pale in the cryptocurrency.
Scalability and Performance
QURAS promises a throughput of 1500 affairs per second. That throughput is decidedly greater than Ethereum’s 15 TPS, and it is almost in band with some blockchains such as Stellar and EOS.
However, like best blockchains, QURAS’ uses transaction fees to absolute affairs and anticipate spam. The belvedere has a accessory “gas” badge alleged XQG, which is acclimated to pay transaction fees.
XQG is generated with anniversary block acceptance and accustomed to users and nodes who authority XQC. XQG fees will additionally accolade bulge operators, as is accepted in best blockchains. Additionally, QURAS will allotment 20-40% of fees with acute arrangement developers, article that best blockchains do not do. By administration transaction fees, QURAS is attractive to incentivize bodies to body on their platform.
Applications and Use Cases
QURAS suggests that its belvedere can be adopted in abounding altered areas.
For example, the banking industry can use QURAS’ clandestine acute affairs to advance chump privacy. Similar applications are accessible in insurance, medicine, gaming, retail, and accumulation alternation management.
QURAS could additionally conceivably be acclimated in government voting systems to assure aborigine identities.
Theoretical applications aside, the activity has anchored a real-world affiliation with the Bona Trust Corporation to body a book administration platform. It has additionally partnered with Platinum Egg Co. to ability in-game payments.
QURAS has additionally appear that over 100 food and retailers in Japan will acquire the XQC badge aloft the barrage of its mainnet in mid-May.
Finally, QURAS has partnered with the Blockchain Nigeria User Group (BNUG), which will advice the aggregation aggrandize above Asia and into African markets.
QURAS Project Summary
QURAS offers a adequately different aloofness archetypal that may become adorable as DApps abound in popularity.
However, QURAS will additionally face antagonism from agnate platforms, primarily Enigma. Furthermore, Ethereum, EOS, and TRON boss acute arrangement and DApp development by a ample margin, suggesting that aloofness is not a key affection for developers and users at the moment.
Nevertheless, QURAS’ accepted access and accessory appearance accommodate affluence of options for developers. That may address to those who are analytic for an another platform.
