Blockchain
Quantum International Corp. (QUAN) Provides The Origins Of The LootUp App And The Technical Reasons It Was Conceived
Denver, Colorado–(Newsfile Corp. – April 25, 2022) – Quantum International Corp. (OTC Pink: QUAN), today is providing the origins of the LootUp App.
An explanation of the origins and the technical reasons Justin Waiau and his team from LGCY decided to build LootUp.
The LGCY Blockchain team debated for months on tokenomics, ethics, and decentralization trying to create a bulletproof blueprint without ego. Satoshi’s vision was to have Bitcoin be perfect and never altered. The LGCY team felt that perfection was not possible nor should it even be a goal. As time changes the technology needs to be able to change along with it. It is impossible to create future proof tech, but tech that can grow with the future should be the goal of any good company.
LGCY Network is not about perfection, it’s about being flexible and adapting. This is how they came up with the Governing Bodies.
LGCY Network utilizes a Delegated Proof of Stake system of government. Governing Bodies are a group of incentivized and educated delegates that vote on network proposals. Not everyone should be allowed to vote on what changes need to be made on a network (as in the classic Proof of Stake system). But token holders should be allowed to have their vote represented by a qualified delegate.
The biggest contribution to this new system is USDL. USDL is a stable gas coin that is backed by network fees. The biggest issue with building a decentralized application (besides speed and low fees) is volatility. By backing 1 USDL with approximately 1 USD worth of network fees, projects are able to budget properly.
As an added benefit, with a stable gas token users can exchange funds without worrying about skyrocketing gas fees. Cryptocurrency will never be useful for buying and selling goods in a system where gas fees cost more than the merchandise.
Sorting out gas fees and transaction speeds was only half of the initial problem. What about the long addresses, no room for error, and general non-intuitive nature of cryptocurrency as it stands?
The solution to this is the LootUp App.
LootUp, amongst many other features, will allow the user to send to usernames instead of long addresses, give sponsored gas options, and will have the ability to cancel and confirm transactions. Since the app is built on the LGCY Network blockchain, LootUp will be non-custodial and peer-to-peer. Allowing users to discuss payments through a messenger inside the app, creating invoices, and providing a decentralized marketplace to buy and sell products, the LootUp app will have everything needed for the general public to utilize the safety and security of blockchain technology without the headache.
The goal has always been to make blockchain technology user friendly and accessible to everyone. LootUp is the path forward.
“We are currently in the testing phase of the LootUp App. Will have more news on the release in the coming weeks. We are very excited about the forthcoming release of LootUp, it will truly change the way users will transact Decentralized Payments,” said Justin Waiau CEO.
About LootUp
Welcome to a New Era of Decentralized Payments. LootUp, a Non-Custodial P2P Payment Platform, aims to become the first globally adopted decentralized payment platform that is self-regulated and which is backed by a digital asset.
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Quantum International Corp believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Quantum International Corp is unable to give any assurance that its expectations will be attained. Factors or events that could cause our actual results to differ may emerge, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contact Information:
Justin Waiau
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121540
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
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