QLC Chain, a decentralized network-as-a-Service (NaaS) platform, released a summary of the AMA session it held on the 21st of August. Participants of the AMA asked the team various questions about the platform’s future, how its consensus algorithms (Shannon consensus and Multidimensional Block lattice structure) work and more.
The first question asked was how QLC Chain compares to other blockchain projects that use the same lattice structure, namely DX Chain; the speed of QLC Chain’s network was also questioned. In response, Allen Li, chief technical architect of QLC Chain, said that “each node on the Block Lattice can produce blocks by themselves and contribute to the public ledger. By adopting this structure, we can improve the block chain throughput. For each node to produce a block instantly, is a vast improvement.”
In a separate question, Li was asked how QLC Chain’s smart contracts compare to other projects like NANO and Hashgraph. Li stated: “The difference between our Multidimensional Block Lattice compared to Nano’s Block Lattice structure is that we added smart contracts to support various types of tokens and dApps.” Li also noted a key distinction between QLC chain and other platforms: “the main differentiator between QLC Chain and other public chain is that by nature it supports telecom functions with the function nodes pre-deployed.”
In the last of the series of questions about QLC Chain’s infrastructure, it was asked how the platform will work with NEO once its public chain is completed and if it will be marketed as a base layer protocol similar to Ethereum.
Remarking on QLC Chain’s relationship with NEO, Li described how NEO will fit into its ecosystem: “we are developing a cross chain protocol between QLC Chain and NEO. NEO will be used for network asset registration, and QLC Chain will record transactions and execute smart contracts.”
With regards to QLC Chain being used as a base layer protocol, Li stated the following: “the Multidimensional Block Lattice structure is a base layer protocol that supports smart contracts. The initial internal TPS number reached 3,500. We’re confident that with more accounts on the network and some technology upgrades, the number can be doubled.” An infographic detailing QLC Chain’s network was also provided here.
Two questions were also asked about QLC Chain’s Basestation that will form part of the platform’s network. Li stated that pre-orders for the Basestations will open “by end of this year” and that they will contribute to the QLC algorithm – owners of these devices therefore will be eligible to earn QLC rewards.
Li also gave notice of an impending partnership with Intop, which is described as being an “internet company based in Guanxi, China.” It’s claimed that Intop is the first professional International Data Corporation (IDC) service provider in China, providing “complete data center management, operation, and maintenance platform, providing high-speed and stable network services to IDC users in China and Southeast Asia.” More details about the cooperation will be released by QLC Chain once finalized.
More information on QLC Chain can be found at the links below.
About The Author: Matthew North
Matthew North is a freelance writer and journalist who resides in East Asia. He spends his time writing and learning about financial technologies like the Blockchain and digital currencies. You can follow him on twitter @fintech_matthew.
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