Qora was Ethereum before Ethereum's idea was even known to BTT.
The most promising coin with more developed features than 90% of the shitcoins out there, that for the most part, died. Makes me a bit sad tbh, was such a solid coin.
...and so it shall be again.
A solid coin. There are remaining db issues to resolve, but each new version comes with new fixes.
We're progressing nicely. The reason that QORA is taking longer to get 'back off the ground' than we all would like, is that it runs a different type of db than ANY other project. One that allows it the features that it has, and that no other coin does.
We recently got word from cat that he is thinking of a n
ew method of communication within QORA, which would allow QORAnet to host and stream video perfectly. So QORA is well on its way to
getting even MORE features than it had before.
That, in combination with my
ideas for incentive for good content, and in v2 a totally
new idea regarding mining and keeping the coin supply as the community would like (Proof Of Burn) I believe truly will propel QORA into the next generation of crypto projects.
As it sits Q
ORA can already tackle rebuilding the internet in a totally secure way that cannot be hacked, or virus-laden easily. On top of that the ability to
take on steemit (in a TOTALLY DECENTRALIZED way that steemit cannot compete with at all right now) at its own game of
blogs that reward you...QORA will be a force to be reckoned with once it gets past the baby steps of fixing the db issues, and becomes the solid project it can be.
The initial re-start of everything, is going to take time, I keep reiterating this so that people don't keep asking the same questions, but they seem to be asking them anyway, so I'll continue to reiterate... However, once the stability issues are fully resolved, and the new features begin adding, things should really start to be seen easily with regard to how the future will be. I think that when even just a couple of our ideas are implemented, there will be no question in people's minds why the believers in QORA are as such.
Doubting the forward progress of such a project, is something that I believe to be a very unintelligent way of thinking... especially given the multiple new releases of the project recently, all of which containing fixes for various issues in the previous relating to core stability of the project. Doubt if you like, however, you'll be unhappy you did. I firmly believe this.
Exchanges are not necessary until stability is spot-on, and in fact, one of my next focuses will be speaking to vbcs in regards to the
potential for a SmartContract to be written that would allow for QORA's Asset Exchange to be turned into a fully decentralized exchange. All that would be required for this is a network of federated nodes, multisignature wallets, and a Smart Contract with the ability to execute commands of other wallets and control QORA Assets.
The general idea here would be this...
1. User wants to trade BTC on QORA Exchange.
2. QORA exchange has a deposit button along with a list of accepted tokens.
3. User clicks this button.
4. A SmartContract that not only owns the Asset that is tied to the coin depositing, but also owns the ability to control the node of the deposit coin (which in reality is a bunch of nodes all working together and using multi-signature for decentralization and security) creates a deposit address of the coin to be deposited, and provides this to the user. Once user deposits, the SmartContract then takes that deposited amount, and issues the user the equivalent amount in the QORA Asset with a similar name... (i.e. QBTC)
5. User then has QBTC asset which is a 1:1 asset representing real BTC, stored in a fully automated and decentralized way in multi-signature wallets only controlled by the SmartContract. The SmartContract, not being a human, cannot steal funds, as it has both no ability to do so, and is programmed to only do specific things, cannot think, and therefore cannot do anything other than what it is told.
6. Upon wanting to convert the QBTC back to BTC, a reverse of the same transaction that approved the deposit, approves the withdrawal, and the SmartContract is given back the QBTC, then credits the user to an address of his/her choosing with the BTC.
This could make QORA Exchange, into a fully decentralized exchange that would allow fast-paced trading. Yes, it would still be reliant upon blocktimes for confirmations, however, with a new tx type (that is already going to be added) unconfirmed txs could be used, making everything instant. Transient tx (the new type) could also provide fee-free trades if we so desired. Making QORA Exchange into the only fee-free decentralized exchange in existence. Every QORA node would be part of the hosting for the Exchange, hosting the SmartContracts that help with deposit/withdrawal, as well as the UI for trading, and the system itself.
This is just one of the other ideas we're talking about.