QLC Chain, a public blockchain for Network-as-a-Service (NaaS), has released its second bi-monthly report for July. The report highlights the development of the Confidant hardware, beta testing for QDEX, and updates to the Q-Wallet.
Confidant is a privacy-focused hardware and application package that allows users to host private chat networks and cloud storage. The device aims to establish a peer-to-peer network with end-to-end encryption.
On July 31st, Confidant registration opened, offering users “instant access to the private cloud storage of 20G, encrypted IM, and [an] email client that connects multiple email accounts across services.”
QLC Chain recently conducted beta testing for its email platform, as well as a broader bug bounty program. A limited number of participants were invited to beta test the email application, which is tentatively expected to release in early August.
The first round of the Confidant bug bounty program concluded with 37 bugs submitted by four contributors. Of the 37 bugs submitted, 23 were accepted by the QLC Chain developer team. A pool of 70,000 QLC is to be split among the bounty participants.
Q-Wallet Offers OTC Trading Functionality
QLC Chain pushed an update to the Q-Wallet, which is now available on iOS, Android, PC, and web versions. The multichain Q-Wallet supports NEO, NEP-5 protocols (such as QLC), QGAS, EOS, and Ethereum.
In its most recent update, the Q-Wallet now offers an over-the-counter (OTC) trading function. Further, QLC Chain’s goals for the wallet include:
- Making cryptocurrencies and tokens easy to buy and sell with fiat currency
- Allowing access to tokens that can “simplify the global top-up experience of telecom service[s]”
- Allowing users to stake QLC tokens
Looking forward, QLC Chain aims to implement QLC staking where users receive QGAS rewards through an interoperable staking protocol.
Invitations to Beta Test QDEX
Lastly, QLC Chain has announced it is inviting 50 participants to beta test the QDEX application’s various functionalities. QDEX was co-developed with Cyber Exchange to “pair mainstream tokens and telecom tokens to provide the foundation for future businesses.”
QLC Chain aims to offer its industry partners the following features:
- Privacy protection that can only be validated on the QDEX
- Cross-chain interoperability on the QDEX platform
- An exchange for personal or Internet of Things (IoT) data
QDEX testing will be available via iOS, Android, and web versions. Each successful invitee will receive a 2,000 QLC reward after they’ve provided feedback about the version they tested.
The full QLC Chain bi-monthly report can be found below: