Review on QLC Chain by David Olayide
QLC Chain To Revolutionize The Entire Telecommunication Network.
Very little of our economy today, remains untouched by the blockchain technology. If you look all around us, you’ll discover that the blockchain now powers a whole lot of platforms and applications or projects that we all use in our daily lives. Telecoms is an aspect of life that has definitely been revolutionized and taken care of by the use of a distributed ledger technology.
QLC Chain, is a projects that seeks to do just exactly that. It aims to transform and revolutionize and improve or decentralize telecommunication systems by developing a distributed telecommunications platform in which users can purchase connectivity from other users rather than from the mobile service providers we still use today. With the use of distributed ledger technology, they will eventually create a secure and trusted environment for communication services that anyone can benefit from and enjoy.
QLC Chain operates on the NEO network. QLC also leverages a dual consensus mechanism, including the Delegated Proof of Stake (DPoS) and the Shannon Consensus, which was actually developed by the QLC Chain team. This allows QLC to be able to facilitate a huge number of transactions per second and thus achieve very high scalability. I discovered that the network is capable of supporting 7,000 TPS.
To put simply and as uncomplicated as possible, QLC Chain is a multidimensional block-lattice structured ledger with integrated telecom service capabilities. The platform decentralizes telecommunications services and allows you to purchase and sell telecom services from your peers instead of centralized telecommunication companies. The QLC Chain model is innovative, users can o sell unused data to others, sell access to their Wi-Fi connection and run their cell signal.
QLC Chain implements a dual token structure QLC and Q-Gas. QLC token is a NEP-5 standard token based on the NEO protocol. QLC acts as a payment method for market transactions. All transactions done using QLC are performed instantly on the blockchain. Users can equally stake QLC and gain access to a lot of various benefits. QGas however is more of an internal activities token. QLC has a circulating supply of 240 Million QLC and it can be gotten on KuCoin, Binance and Gateio among others. Since QLC operates on the NEO network, it can be stored on NEO compatible wallets too.
Pros
- QLC revolutionizes the Telecom industry
- QLC makes use of the blockchain to facilitate these revolutionary changes
- QLC utilizes a dual token and dual Consensus mechanism
- Very high scalability features
- QLC Chain is based on the NEO network
Cons
- None I know of
