The Quadrant protocol
The system’s protocol works on a method that elegantly combines all kinds of inconsistencies in the variety of data that vendors sell. Technologies open up opportunities for all network members to grow and compete effectively. Moreover, the status and income level in this will not matter.
The blockchain of the platform was created in the form of a community that brings together data producers, suppliers and consumers. Here, everyone can appreciate the ongoing optimization of the development, sale and purchase of data. It all depends on the situation. The system has all the necessary functions that help to authenticate the reliability of all listed data and maintain its efficiency. Each of these functions performs a special role.
Data verification protocol
All data that has not been processed is checked when entered in the blockchain, and then it is assigned the status of authentic (or not assigned). The procedure is repeated all the time until the data is added to the “constellations”, and then sold by the data providers. After verification, the protocol gives a “green” signal that the raw data that was provided has a real source and can be added to the system.
Economic model
Within the framework of the project there will be 2 currencies – eQuad and QUAD. Let’s see how they differ.
The first one, eQuad, is a token created according to the rules of the ERC-20, published on the ICO. The coin can be exchanged for internal QUAD. It will be available after the launch of the Quadrant.
The QUAD coin will be used exclusively in intra-platform operations. That is, the main role of this coin is to participate in the data verification process, to support various access structures, to secure subscription payments and for Elons clusters.
Architecture
It is important to understand that the quadrant will be equally useful for both classical centralized services and decentralized ones. The general principle of building an architecture: nodes (Guardian) are formed around the key block of the quadrant or clients (in the sense of Data Producer, Anchor and Data Consumer).
At the heart of the system’s work is the negotiation mechanism, for processing large amounts of transactions, to work with a low commission, to ensure rapid transactions and to limit the entry of malicious nodes into the network. The external algorithm “Proof of Work” is used for security purposes as an anchor.
Initially, the project will be tied to the Ethereum blockade, however, as representatives of the team have already stated, if such a need arises, it can be replaced by any other public blockchain.
Site
From the first screen we are greeted by a very beautiful, stylish design. In a compact landing page team has packed all the necessary information – there is a description of the product, and a road map, and an impressive block with the team and project advisers. Below is a very informative FAQ.
Documentation
Whitepaper is only available in English, occupying 44 pages. All that the potential investor will be interested in here is very detailed and with pictures painted – and a description of the protocol, and the team’s plans, and the team and the details of the sales.
Team
Closer to the end of the site you can find a block with the team – there are 7 project participants and 7 most important advisors here. All the specialists mentioned here have links to profiles in social networks. More information about the members of the team can be read in the Whitepaper – there are 4 pages dedicated to them.
Social networks
The project already has a solid audience of interested clients and investors, is active in all the most popular channels of communication with the public. To date (June 20), 16243 users in the official Telegram group of the Project, 3335 subscribers in the Telegram channel, 4246 in the Twitter channel, 1619 in the Facebook, 1318 in the youtube, and 76 in the Reddit, linkedin – 9.
Conclusion
Will the team’s plans be implemented? If they manage to do everything as planned and written in the documentation, then in the next couple of years we will have a really useful tool in the field of data storage and transmission.
If the modern system, built on the basis of the blockchain system, can solve many problems in the ecosystem of information exchange, it is likely to be under the sights of large companies that more than anyone need such a project.
Site: https://www.quadrantprotocol.com/
Whitepaper: https://s3-ap-southeast-1.amazonaws.com/quadrant-home-secure/assets/images/Quadrant_Protocol_Whitepaper_V1.0.pdf
Twitter: https://twitter.com/explorequadrant
Facebook: https://www.facebook.com/quadrantprotocol/
Telegram: https://t.me/quadrantprotocol
Medium: https://medium.com/quadrantprotocol
Bitcointalk: https://bitcointalk.org/index.php?topic=3339497.msg34942930#msg34942930
Linkedin: https://www.linkedin.com/company/quadrantprotocol/
Reddit: https://www.reddit.com/r/quadrantprotocol/
Author:
Bitcointalk Username: saycryptohello
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1336255