Quadrans Foundation unveils its Yellow Paper
18th Feb 2021
The Quadrans Foundation is pleased to announce the publication of revision 0.2 of the Quadrans Yellow Paper. The release of the Yellow Paper marks the first step towards improving the Quadrans infrastructure and enables the community to study the work done by the members of the Crypto Board.
The chapters released today show what the Quadrans network will be in the future. Over the years, the Foundation and its Crypto Board have focused on the development of a hybrid blockchain based on PoS (Proof-of-Stake) and PoW (Proof-of-Work) with a three levels network and a new and innovative consensus protocol.
With a mind focused on the needs of Industry, complex supply chains, and IoT devices, the Crypto Board dedicated its research to the security of the Quadrans platform and its cryptographic and protocol-related aspects.
The Yellow Paper establishes the plans and the evolutionary step that Quadrans blockchain will take, as the works carry on guided by the team of engineers and soon with the contribution of the community. The details of all this work will be explained in the next months with the publication of the other chapters.
Quadrans will have a hybrid structure based on Proof of Stake and Proof of Work. Quadrans aims to ensure maximum safety while reducing environmental impact. With the publication of the full Yellow Paper, the work on the new version of Quadrans will begin, based on a more complex consensus mechanism and the beginning of the division of the blockchain into three different levels: SynchroChain, MasterChain, ShardChain.
One of the main elements, the consensus algorithm, is what will make Quadrans even more competitive and unique. Most popular blockchains perform high energy-consuming operations to reach consensus and update the status of the ledger. At the present state, the current consensus algorithm used by Quadrans reduces the energy consumption and computing power required in order to be sustainable, and at the same time maintain a high transaction processing speed.
The content of the Yellow Paper will help the community understand the evolutionary step that the network will take in the nearest future: great improvements will be made to achieve higher efficiency and security within the Quadrans blockchain.
Quadrans is a public blockchain infrastructure that runs Smart Contracts and decentralized applications (dApps), with a particular focus on improving the major challenges that blockchain ecosystems are facing today such as security, interoperability, scalability, and high operational costs. Quadrans finds its roots in a fork of Ethereum's source code. To keep the cost of operations balanced, the distribution of Quadrans Coin (QDC) required to write on the blockchain is carried out through a minting protocol.
The full compatibility with the Ethereum environment makes migrating a project to the Quadrans infrastructure effortless and results in a significant reduction in operating costs. Through a reward mechanism, Quadrans Token Holders use Miner and Master nodes to collect an amount of Quadrans Coin proportioned to the work done within the network.
These nodes are designed to be completely self-sufficient in the Quadrans ecosystem as they contribute to the well-being of the network by using Coins to write on the blockchain.
Revision 0.2 of the Quadrans Yellow Paper published today includes: