[ANN] Quantum1Net - ⚡ A QUANTUM SAFE DATA TRANSMISSION PLATFORM ⚡ - page 61.

quantumcat

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Quote from: Joneskay on January 04, 2018, 02:37:38 PM

I was having a look to your project. I read your first post of this topic. I was looking the white paper that have a lot of information and I saw there is a yellowpaper too. What information have this yellowpaper?

Hello Joneskay!

A White paper is a presentation of a problem and the solution. Basically to highlight the features of the solution, product and service. Easily said: A project/product presentation. A yellow paper however, is a more formal approach to the technical specification of the project. Easily said: A technical specification of the project/product.

Many ICO-projects have a very shallow white paper, not really specifying anything else than vaporware. For us it is important to be as transparent as possible with our investors (hence the white paper+yellow paper) as we have a finished working prototype.

quantumcat

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Quote from: Jupiter13 on January 04, 2018, 02:07:29 PM

Quote from: quantumcat on January 03, 2018, 12:28:44 PM

Quote from: Jupiter13 on January 03, 2018, 08:23:01 AM

Really good project! I've just checked your site and I'm surprised.
But I don't understand why do you have two different tokens, what is their purpose?

Thank you Jupiter13! I will explain how it works below;

The Silver Token will be traded against the ETH using the ethereum blockchain. The Silver Token is like a convertible note ( https://www.seedinvest.com/blog/startup-investing/how-convertible-notes-work ), meaning the ones who holds the Silver Token at the release of the closed Gold Token sale will get a priority and a discount. You do not need to hold the Silver Token all the way to the closed Gold Token release, you could sell all the Silver Tokens after the ICO and buy again before the release of the Gold Token to get the discount and priority. The convertible Silver Token is to take the prototype to product, so that is why it is like a normal convertible note.

Given that our project revolves around the vulnerability of conventional cryptography faced with quantum computing, the Gold Token is based on Bitcoin and features quantum encryption, making it both a testament to the feasibility of our technology and proof against quantum powered attacks. Further on, Bitcoin has the most solid code in the crypto space and best dev support.

Thank you for your fast and complete answer. I have a doubt, why do you use ethereum blockchain in the Silver Token and later Gold Token is based in Bitcoin? Why don't you use bitcoin features also for Silver Token?

That is a good question, I'll explain below;

The contract possibilities in Bitcoin are not as developed as for Ethereum and to protect the investor token holder we want to provide them with the best convertible token that is possible. We believe that the procedure of a 'convertible token' that leads the utility Token or Coin will be used more and more in the future just as it has been used in traditional startup investments to create security for the investors.

So what is a convertible token? Just as a convertible note. You can read more about convertible notes on the following links:
https://www.seedinvest.com/blog/startup-investing/how-convertible-notes-work
https://fundersclub.com/learn/convertible-notes/convertible-notes-overview/what-is-convertible-note/

Huxleyfree

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I want to know what is exactly a yellowpaper and why it is necessary that there were a yellowpaper apart if the white paper for this project

tokenwar

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Quote from: Schopenhauer365 on January 04, 2018, 07:19:45 AM

I could see you have the links of linkedin of the members of the team, does it appear there their experience or have I to consult this data in your site or whitepaper?

In the first post of this thread you also can see a brief professional description of each member of the team. Take a look!

Joneskay

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I was having a look to your project. I read your first post of this topic. I was looking the white paper that have a lot of information and I saw there is a yellowpaper too. What information have this yellowpaper?

Jupiter13

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Merit: 10

Quote from: quantumcat on January 03, 2018, 12:28:44 PM

Quote from: Jupiter13 on January 03, 2018, 08:23:01 AM

Really good project! I've just checked your site and I'm surprised.
But I don't understand why do you have two different tokens, what is their purpose?

Thank you Jupiter13! I will explain how it works below;

The Silver Token will be traded against the ETH using the ethereum blockchain. The Silver Token is like a convertible note ( https://www.seedinvest.com/blog/startup-investing/how-convertible-notes-work ), meaning the ones who holds the Silver Token at the release of the closed Gold Token sale will get a priority and a discount. You do not need to hold the Silver Token all the way to the closed Gold Token release, you could sell all the Silver Tokens after the ICO and buy again before the release of the Gold Token to get the discount and priority. The convertible Silver Token is to take the prototype to product, so that is why it is like a normal convertible note.

Given that our project revolves around the vulnerability of conventional cryptography faced with quantum computing, the Gold Token is based on Bitcoin and features quantum encryption, making it both a testament to the feasibility of our technology and proof against quantum powered attacks. Further on, Bitcoin has the most solid code in the crypto space and best dev support.

Thank you for your fast and complete answer. I have a doubt, why do you use ethereum blockchain in the Silver Token and later Gold Token is based in Bitcoin? Why don't you use bitcoin features also for Silver Token?

quantumcat

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Activity: 140

Merit: 12

Quote from: Huxleyfree on January 04, 2018, 01:27:05 PM

I don't understand so well the difference between silver and gold token. How do they work? What are the different between them?

I wrote this answer to an other user and I think it would be a good answer to your question:

Quote

The Silver Token will be traded against the ETH using the ethereum blockchain. The Silver Token is like a convertible note ( https://www.seedinvest.com/blog/startup-investing/how-convertible-notes-work ), meaning the ones who holds the Silver Token at the release of the closed Gold Token sale will get a priority and a discount. You do not need to hold the Silver Token all the way to the closed Gold Token release, you could sell all the Silver Tokens after the ICO and buy again before the release of the Gold Token to get the discount and priority. The convertible Silver Token is to take the prototype to product, so that is why it is like a normal convertible note.

Given that our project revolves around the vulnerability of conventional cryptography faced with quantum computing, the Gold Token is based on Bitcoin and features quantum encryption, making it both a testament to the feasibility of our technology and proof against quantum powered attacks. Further on, Bitcoin has the most solid code in the crypto space and best dev support.

If you still have any questions about the difference, go a head and ask and I'll make sure to formulate an other answer for you, Huxleyfree!

Huxleyfree

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I don't understand so well the difference between silver and gold token. How do they work? What are the different between them?

Dieniz

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Quote from: Schopenhauer365 on January 04, 2018, 12:32:49 PM

Quote from: quantumcat on January 04, 2018, 08:27:35 AM

Quote from: Schopenhauer365 on January 04, 2018, 07:19:45 AM

I could see you have the links of linkedin of the members of the team, does it appear there their experience or have I to consult this data in your site or whitepaper?

Hello Schopenhauer365!

Experiences are stated in the white paper on the presentation at page 11, but I'd recommend to both check the white paper and have a look at profiles on LinkedIN!

thank you I an going to follow your advice and have a look to their profiles in LinkedIn for know more about the team.and check the white paper not only to read about the team also for know more about the projects

Certainly. This is the first thing with which I begin the analysis of the project in which I am going to invest.

quantumcat

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Activity: 140

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Quote from: Schopenhauer365 on January 04, 2018, 12:32:49 PM

Quote from: quantumcat on January 04, 2018, 08:27:35 AM

Quote from: Schopenhauer365 on January 04, 2018, 07:19:45 AM

I could see you have the links of linkedin of the members of the team, does it appear there their experience or have I to consult this data in your site or whitepaper?

Hello Schopenhauer365!

Experiences are stated in the white paper on the presentation at page 11, but I'd recommend to both check the white paper and have a look at profiles on LinkedIN!

thank you I an going to follow your advice and have a look to their profiles in LinkedIn for know more about the team.and check the white paper not only to read about the team also for know more about the projects

Sounds good! Have a look at the Yellow paper ( https://quantum1net.com/Q1N%20yellow%20paper.pdf ) if you want to dive in to the technicalities

Schopenhauer365

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Quote from: quantumcat on January 04, 2018, 08:27:35 AM

Quote from: Schopenhauer365 on January 04, 2018, 07:19:45 AM

I could see you have the links of linkedin of the members of the team, does it appear there their experience or have I to consult this data in your site or whitepaper?

Hello Schopenhauer365!

Experiences are stated in the white paper on the presentation at page 11, but I'd recommend to both check the white paper and have a look at profiles on LinkedIN!

thank you I an going to follow your advice and have a look to their profiles in LinkedIn for know more about the team.and check the white paper not only to read about the team also for know more about the projects

quantumcat

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Activity: 140

Merit: 12

Quote from: 1C6fV5DtakfKANLJ8GUV7hCaA on January 04, 2018, 11:27:44 AM

Reserving Filipino Translation.

Hello sir!

We will make sure to get in touch with you once the bounty campaign starts! Thanks!

quantumcat

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Quote from: zenting on January 04, 2018, 11:42:25 AM

Hi! Will there be any special conditions for early investors?

Hello Zenting!

If you would like to have any pre-ICO information, please send an e-mail to [email protected]. Other than that there is a -20% Discount in week One of the ICO (Feb 2 - Feb 9). Cheers!

quantumcat

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Activity: 140

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Quote from: Siamda on January 04, 2018, 11:35:25 AM

Quote from: quantumcat on January 03, 2018, 07:10:32 AM

Quote from: Siamda on January 03, 2018, 05:56:25 AM

What makes your project different? I have read that you are a cryptography platform. What do you do to protect users?

That is a good question Siamda.

With the introduction of quantum computers, the deterrent presented by RSA and other protocols will cease to be enough to stop hackers, as hacking them will become a worthwhile endeavor.

Generally speaking, encryption techniques today rely on hacking them not being worth the time and resources required. Finding the underlying pattern in a pseudo-random number generator to be able to predict the outcome can be costly, requiring a large number of samplings. Quantum computers will be able to perform the required operations much more efficiently and much faster, in hours or days.

Quantum1Net instead relies on a Quantum Encryption Key Generator (QEKG). Because of the properties of quantum computers itself, tests have shown that even in large samples, the
numbers selected follow no pattern thus no predictive algorithm can be derived.

It sounds very good! I like projects with a proposal well studied like this one. I think this project will success, I bet for it.

We are glad to hear that you are fond of the project! Stay tuned as more info and news are in the pipeline. You can check our Medium-blog too, if you want to digest some interesting articles related to quantum computing. https://medium.com/quantum1net

Quote from: Siamda on January 04, 2018, 11:38:34 AM

When will start the cowdsale, this month? Do you have partnerships yet?

The ICO starts on the 2nd of February. We do have some partnerships but they are yet to be announced.

zenting

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Hi! Will there be any special conditions for early investors?

Siamda

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When will start the cowdsale, this month? Do you have partnerships yet?

Siamda

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Activity: 308

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Quote from: quantumcat on January 03, 2018, 07:10:32 AM

Quote from: Siamda on January 03, 2018, 05:56:25 AM

What makes your project different? I have read that you are a cryptography platform. What do you do to protect users?

That is a good question Siamda.

With the introduction of quantum computers, the deterrent presented by RSA and other protocols will cease to be enough to stop hackers, as hacking them will become a worthwhile endeavor.

Generally speaking, encryption techniques today rely on hacking them not being worth the time and resources required. Finding the underlying pattern in a pseudo-random number generator to be able to predict the outcome can be costly, requiring a large number of samplings. Quantum computers will be able to perform the required operations much more efficiently and much faster, in hours or days.

Quantum1Net instead relies on a Quantum Encryption Key Generator (QEKG). Because of the properties of quantum computers itself, tests have shown that even in large samples, the
numbers selected follow no pattern thus no predictive algorithm can be derived.

It sounds very good! I like projects with a proposal well studied like this one. I think this project will success, I bet for it.

1C6fV5DtakfKANLJ8GUV7hCaA

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Crypto Marketer For Whales

Reserving Filipino Translation.

quantumcat

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Quote from: Dayx on January 04, 2018, 10:56:16 AM

hello, i want to reserve indonesian translation if you needed.
here's my portfolio : https://pastebin.com/NzZgea9P

thank you

Hello Dayx!

Once the bounty campaign starts we will get in touch with you for possible translations. Cheers!

Dayx

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Activity: 602

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hello, i want to reserve indonesian translation if you needed.
here's my portfolio : https://pastebin.com/NzZgea9P

thank you

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