What Is QANplatform (QANX)?

QANplatform is a quantum-resistant hybrid blockchain network that allows developers and businesses to build software applications such as DeFi and Dapp and operate business processes on the blockchain. This blockchain platform also serves as the foundation for all blockchain projects and applications.

The platform connects business and blockchain in an environment-friendly manner while eliminating energy consumption. According to the whitepaper, the platform offers rewards to those users who provide their computers to run nodes and those who build generic smart contracts. QANplatform's core functionality is based on Ethereum's standard of running generic token-metered smart contracts.

Proof-of-Randomness is a new consensus mechanism used by the QANplatform(PoR). The project does no computing tasks, which makes the QANplatform eco-friendly. QANplatform is very scalable, allowing millions of people to connect on a system without delays. This approach helps this project attain high TPS (transaction per second) with relatively low processing and energy requirements. The platform's cryptography methods are immune to attacks by both classical and quantum computers.

QANX is the crypto coin of the QANplatform. The QANX token has multiple functionalities, such as:

• To pay for the execution methods of deployed contracts, DApp users purchase QANX tokens.

• Developers use QANX tokens to pay for contract development.

• QANX token holders have to pay a transaction fee when transferring tokens.

• To participate in the validation process, validators must purchase validation tickets for QANX tokens.

• QANX token offers rewards to the community members like smart-contract royalty fees, token challenge and bug-bounty awards, validation, and full-node provider payments.

• A full-node license is needed for QANX Tokens to become a full-node provider.

History of QANplatform (QANX)

The foundation of the QANplatform project was established in 2019. The project was co-founded by Johann Polecsak (CTO), an economist. A team of more than thirty members, spread over more than ten countries, is working on the QANplatform.