Privacy protection and security are significant challenges to implementing blockchain into society. Since privacy protection is hard to execute by using only a transparent approach, QURAS implemented various privacy protection technologies. For example, proven encryption technologies such as Zero-Knowledge Proof and Ring signature have been adopted. QURAS provides privacy for the asset transfer of XQC, XQG, tokens and other functions that are provided by a smart contract.
In QURAS, XQG is required as a smart contract transaction fee. When a transaction occurs relating to smart contract issued by a blockchain company and a project, a certain portion of this transaction fee is paid out to project operators, also known as token managers. In other words, the more DApps transactions occurs, the more project income is generated, and the project’s continuity increases.
Nodes that process transactions play an important role in improving the scalability of QURAS blockchain. The nodes allow users to earn transactions fees when sending QURAS’ important assets, such as XQC and XQG. At the same time, they also allow to earn transaction fees for token and smart contract transactions. QURAS blockchain users have the option to select fees within a certain range when sending XQC, XQG and token. The nodes preferentially process transactions with high fees, which makes it possible to offer flexibility in earning fees. QURAS blockchain’s current transaction process speed is 1000tps. Nodes’ environment can be optimally configured by connecting to the communication line of higher than 100Mbps.
Users may earn QurasGas (XQG) approximately every 18 seconds by holding XQC in their QURAS wallet. The volume of XQG to be earned is reduced for every 2 million QURAS blockchain blocks being generated. This works as an incentive for initial holders who support QURAS blockchain by holding XQC at an early stage. The above-mentioned systems were incorporated into the QURAS design concept so that all blockchain participants share profits.
QURAS ecosystem participants are given various options. Users and projects may select whether their transaction will be made public or private. Also, projects may set their fees so that they can be paid higher fees than that of the transaction fee sharing system, or they may set their fees lower to encourage users to use DApps. Such adjustability is based on the philosophy of Common Good for QURAS blockchain.
QURAS platform is focusing on further developing privacy and a sharing ecosystem in accordance with our long-term plan. Our enduring mission is to enhance privacy, security, usability, and scalability via realistic use cases that promote the real-world implementation of the blockchain. Our future objectives include providing anonymity with the presence of an administrator, faster anonymity, distributed storage, transaction staking, and cross-chain so that blockchain can be used for even more purposes.
QURAS DApp currently in development will serve as use-case models and promotion for QURAS protocol. This DApp will grant crypto currencies just by taking a walk. You can also get to know and interact with other online users through the application. Furthermore, you can remit crypto currencies via messenger.
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