THELOGICALINDIAN - Since the bearing of cryptocurrency investors and companies accept had to accord with the blackmail of annexation and awful behaviour as able-bodied as all kinds of added risks in the agenda assets trading process
According to the media letters in contempo years, about 99% of all-embracing cryptocurrency thefts occurred due to crooked admission to, or absolute theft, of a clandestine key. This has led abounding traders from self-custody to centralized custody.
But the capital affair of centralized babysitter is that it deprives the traders of ascendancy of their agenda assets, as they accept no admission to the clandestine key of the wallet which is beneath the ascendancy of the custodian. Even with best multi-party computation (MPC) implementations, there is still counterparty risk.
To absolutely decentralize clandestine key management, Qredo aggregation came up with an abstraction of leveraging MPC beyond a blockchain arrangement to actualize decentralized custody.
The buying of a crypto asset is recorded on a broadcast ledger, and a Consensus-Driven Multi-Party Computation (CD-MPC) agreement is acclimated to deeply assurance transactions, which enables the alteration of carriageable buying rights beyond chains on a Layer 2 arrangement after counterparty risk.
Qredo is a new access to agenda asset aegis which provides an befalling for centralized custodians to abound their businesses and advance accommodation as the apple moves to decentralized infrastructure. These centralized custodians can use their absolute basement to run Qredo Clients which accomplish babysitter approval transactions, and in about-face action customized programmable acquiescence and babyminding flows to their customers.
Denominating the voting ability in Qredo Tokens (QRDO), Qredo can be apparent as a Delegated Proof-of-Stake based blockchain arrangement area holders of QRDO will be able to add their antithesis to a Validator’s antithesis in barter for some of the rewards the Validator receives for acceptance new blocks.
To added aggrandize its all-around ability and advice it accomplish its vision, Qredo Token will be listed on LBank Exchange, area the QRDO/USDT trading brace will be accessible for trading at 23:00 (UTC 8) on November 18, 2024, investors who are absorbed in Qredo advance can calmly buy and advertise QRDO on LBank Exchange by then.
The Network Is the Vault
Secured transfer, lending or atomically swapping crypto assets amid parties is accessible via Qredo’s decentralized adjustment network, which accrues abundant allowances for its users over added systems in use today.
Turning the arrangement into the vault, Qredo uses a broadcast balance to almanac the buying of a Layer 1 crypto asset, which is represented by a constructed token/wallet aggregate on the Qredo blockchain that maps absolutely one to one in amount to the asset’s wallet on the Layer 1 blockchain. In added words, if a Qredo constructed BTC wallet has 10 BTC deposited to it, 10 qBTC (the constructed analogue to the absolute asset) are minted on the abutting block and will appearance as the drop in the Trader’s qBTC wallet. The Qredo arrangement stays provably bread-and-butter at all times.
Qredo combines a fast-finality blockchain (Layer 2) for agenda asset tracking and adjustment with a CD-MPC network, and a secure, end-to-end encrypted decentralized chat archetype arrangement (Layer 3) to handle aggregate from apparatus to apparatus communications to autumn and accouterment an analysis aisle for adapted pre-trade communications.
The aggregate of Layer 2 Layer 3, and action brand Integration Libraries, enables enterprises to rapidly accommodate Qredo into their front, average and aback appointment applications.
What Qredo Offers
Qredo Network is the absolute accompaniment to DeFi protocols and applications enabling accelerated acceptance in banking firms that accept to accede with acquiescence and governance workflows as allotment of their trading and adjustment beheading strategy. It will additionally action the adeptness to apparatus OTC aphotic pools, barter on allowance via barter integrations, excellent derivatives (qTokens), and more.
Designed and developed by adept cryptographers, cybersecurity leaders, blockchain technologists, high-performance app makers and basic bazaar entrepreneurs, with key appearance such as acquiescence automation, CD-MPC, accessible app development, transaction secrecy, consistently auditable, and defended enclave, Qredo’s architecture provides the best agenda asset aegis through decentralization, multi-party ciphering and avant-garde crypto protocols, bread-and-butter aegis and incentives, and anxious use of best-in-class infosec technologies.
