Blockchain technology and cryptocurrencies are increasingly becoming an indispensable part of our lives and from the look of things I have no doubt that it is moving towards mass adoption.
A few years ago when bitcoin wasn't popular, a few people who had foresight bought up large amounts of the cryptocurrency and today they are millionaires and billionaires.
It is believed that the amount of bitcoin in circulation is small compared to the amount held in cold storage by individuals.
Fast forward to 2020 and you see hundreds and thousands of cryptocurrency and blockchain projects competing with bitcoin on who should dominate the space.
One of such cryptocurrencies is QuantisNet, a project by the Quantis Network.
Overview
Quantis Network was founded in 2018 by Mr Dick Johnson.
He gathered a world class team made up of eleven people who are passionate about blockchain technology and its advancement.
The major focus of Quantis Network is to harness the power of distributed ledger technology to create tools and applications that will empower people to exercise their basic human rights, such as right to privacy and freedom of speech.
Apart from this, Quantis Network wants to create an electronic currency that enables people to carry out transactions without resorting to third parties such as banks, while safeguarding their privacy.
I see Quantis Network as a really interesting project and I would like us to do dive further into it and how it actually works.
Features
1. Open Source
• Quantis Network runs on open source software which makes it possible for anyone to contribute to improve it for the good of everyone.
• Anyone, anywhere can mine Quan for free, as they have no ICO.
• Quantis Network offers master nodes and staking opportunity so that users can earn rewards.
• Its mining runs on Proof of Stake (PoS) which is more economical, energy efficient and environmentally friendly than bitcoin which runs on Proof of Work (PoW).
2. Privacy
• Quantis protects your right to privacy by allowing you to transact anonymously.
• You can share files with anyone without the involvement of a third-party using Quantis Network's intranet file transfer system.
• You can make use of its decentralized applications without fear of prying eyes or your data being stolen.
• The Quantis Network is built to be self sustaining, so you need not fear government interference or shutdown.
• Quantis Network's privacy protocol is based on 5 different blockchains.
3. Speed
• Quantis Network was built with a focus on speed so you can enjoy instant transactions at scale.
• It's consensus algorithm is
X11 (Custom Blockchain).
• The size of each block is 2MB.
• The block time is 90 seconds.
• Quantis Network has a maximum of 173 TPS (Transactions Per Second).
• It takes a maximum of 6 confirmations for a transaction to be successful.
4. Fees
• It costs 0.01 qPIV to mint 1 qPIV denomination.
• It costs nothing to spend any amount on Quantis Network.
5. Supply
• Quantis Network had a total supply of 460,000,000 QUAN in April 2020.
• The number of QUAN in circulation by April 2021 is projected to be 680,000,000.
• Quantis Network burns all transaction fees & qPIV minting fees, which enables it to control the supply of its digital currency.
• Quantis Network's cryptocurrency name is QuantisNet and the Coin ticker is QUAN.
• Its price is $ 0.000182.
6. Wallets
Quantis Network's wallets are desktop based and are available for download on GitHub.
• Windows Wallet.
• MAC OSX Wallet.
• Linux Wallet.
7. Exchanges
QuantisNet is listed and being traded on several exchanges and in my opinion this makes it highly liquid.
• TradeOgre
• Escodex
• SatoWallet
• Stex
• CREX24
• Binance (In progress)
• Bittrex (In progress).
Conclusion
The idea of Quantis Network and what they have to offer excites me and I could remember carrying out extensive research on them a few months back when I was searching for a new and promising blockchain and cryptocurrency project to invest in. The only thing that made me not to invest in their project was the fact that they had no android or web wallets. I'm hooked on android and all projects that are mobile friendly, so it was sort of a disappointment because I wanted easy access and control of my cryptocurrency assets on the go.
In spite of that I'm still interested in investing in QuantisNet once they have android or web wallets, because of their solidity and transparency.
You can learn more about Quantis Network here
Disclaimer
This article should not be taken as a financial advise or recommendation of any sort. It is for informational purposes only.
Investing or trading in cryptocurrencies is a risky venture and you might lose all or part of your investments. Please consult your financial advisor before making any decisions based on the content of this article, as the writer will not be held liable for any losses as a result of using the information contained in this article.
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