Qora Blog

Today on Beyond Bitcoin we step outside of the BitShares box and talk with Vrontis, one of the Developers at a very innovative cryptocurrency called Qora. He was joined by fellow Qora Developer vbcs from CIYAM, but unfortunately his microphone was not working so we will have the CIYAM team back for a hangout another time.

With a storybook background complete with crickets and church bells, Vrontis had plenty to tell us about from Greece, like a decentralized web server built into the Qora client. He also unveiled Qora’s new social media feature that Qora Developer agran helped bring to life. Vrontis also covered Qora’s ability to use smart contracts to perform atomic cross-chain transactions (ACCT), which are client-to-client transactions from one cryptocurrency to another. In this case the ACCT was between the Qora and Burst blockchains, but any cryptocurrency can implement automated transactions (AT) and then trade with any other participating coin.

Another key feature of Qora is Voting. Any user can create a poll and have stakeholders vote. The decision for Vrontis to take over as lead developer of Qora was voted on the blockchain by the Qora stakeholders after the founding Developer had to leave for personal reasons prior to the implementation of automated transactions.

Other features in Qora include : Transferable Names, User Issued Assets and Encrypted Messaging. But by far the most impressive feature in Qora v22 is the decentralized web server and seeing the possibilities in the social media site’s it allows each person to easily create.

Full Hangout and Transcript : https://goo.gl/l3sMj8

While the value of bitcoin has teetered between 200 and 300 USD throughout the first quarter of 2015, several upstart cryptocurrencies have experienced a period of substantial growth given the inherent volatility of the crypto-market. One such coin is Qora.

Open-source, Qora is a proof-of-stake coin with all of its shares beginning in play. Rather than being ‘mined’ periodically, a process which draws heavily on the computing power of the miner, Qora coins are generated through a process referred to as “forging” by randomly selecting a participating Qora account to confirm that the next block of transactions are correct. The selected account is then rewarded with all transaction fees from the solved block. As time passes, those who hold Qora will see it continue to grow as they continue to forge; that is, their wallets continue to process transactions and earn fees.

Forging’s primary purpose is to protect the network and ensure that transactions are verified, thus fraud is virtually non-existent. Those who help to protect and run the network are rewarded through transaction fees earned whenever a wallet forges a block. To further ensure the safety of the network and it’s users, Qora boast deterministic and password protected wallets that can be recovered / generated from seeds.

Its creator hails it as a “second-generation cryptocurrency” designed from scratch. While a vast number of other cryptos have built upon, borrowed, or copied from the original algorithms featured in bitcoin, Qora’s founder deviated from this industry practice in an attempt to bring flexibility and ease-of-use to its users. With a lower barrier-to-entry than its alternatives, Qora is thus an attractive option for long-term investors who have been itching to enter the cryptomarket.

Despite its volatility, the burgeoning cryptomarket presents ample opportunity for Qora and its stakeholders to continue growing. Stakeholders may have the chance to see the value of their investment increase tenfold. Qora’s addition of new developersto its team has rallied its market share in recent months with the promise of new and updated features.

One feature found in few cryptocurrencies today is Name Payments, which allows Qora holders to send payments to a name registered on the blockchain. These names can be bought and sold within the client on the Naming Services internal exchange. As an added security feature, payments sent to names that are for sale on the internal exchange will be forbidden as long as they are for sale. Names with a leading or trailing space-character will be permanently forbidden for name payments. The Name Payments feature is scheduled to be included in the next release (v19) along with a MapDB update and some minor fixes. Windows, MAC and Linux versions will all be updated.

Full Article : https://goo.gl/U90x5Y

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