The Blockchain and digital currency world has paved way to a whole new understanding of decentralization. This does not just pose a challenge to the traditional perspective of financial transactions but also focuses on eliminating the loopholes attached with the traditional financial system. This goes to prove how advanced the blockchain technology has gone, and also how it has been able to diminish global boundaries by offering a chance at having an alternate and improved future for the whole world. Though the blockchain technology is still at its initial phase, and encounters several hitches in terms of quality of its service, ease of use, and performance, every generation of Blockchain is innovative, which makes it a better choice. The main force behind the Blockchain technology is how it has been able to utilize a decentralized system. However, the lack of a realworld application, and business and technological limitations, has been one of the drawbacks to the full adoption of the Blockchain technology. Qompass thrives to provide solutions to the hitches commonly faced by the earlier generations of Blockchain, and also offers an even more innovative platform that can help in creating a bridge that connects the world.
Qompass implements its own blockchain solution, which has the following characteristics:
The primary function of Qompass’s nodes is to execute contracts and to verify their state. Instead of following the traditional techniques of mining new blocks, in the Qompass platform the permission required for the creation of new blocks is at default and comes as a licensed node. State changes can occur at any time, which is verified by trusted actors, and a general consensus. Any contract can perform actions synchronously without affecting or blocking other contracts, which is owed to the fact that every contract maintains its own separate chain of state. The collective changes of state form a directed cyclical graph which makes up the blockchain.
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Verified 27%
Attention. There is a risk that unverified members are not actually members of the team
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