Qortal is a hidden gem in cryptocurrency. Not too many people know about it because it's not officially listed on any major exchange.
Since this is an idea post, I won't go into details, but here are the high level concepts of why it shines, compared to other crypto projects. I'll also get into the downsides.
Benefits
- They have their own trade portal that doesn't work like an AMM. So every trade has to be confirmed in a block. Since this process is not instant, it discourages fake orders and eliminates front running. This could also help keep prices relatively stable versus fiat currencies.
- You can directly exchange between BTC, LTC, ARRR and QORT.
- A node can be run on a Raspberry Pi or almost any desktop device.
- Encrypted private messaging.
- They use the concept of minting instead of mining. Every minting computer that's online gets a share of the block reward. The encourages cooperation instead of competition.
- The network has an application and data layer built in. You can already build a website and store files in the data layer.
- They use the concept of "Proof of Time" to determine block rewards. The longer your computer has been minting, the higher the percentage of the block reward you get. This reward method makes the most sense to me because you get rewarded for supporting the project in the only way that really matters, operating a node.
- One of their goals is to have the network run over LoRa radio, eventually eliminating the need for the internet.
- You need to be invited into the network by someone who is a Level 5 minter or higher. This theoretically lowers the probability of bad actors flooding the network and participants who are only interested in doing a pump and dump.
- You can only run one node per machine.
Downsides
- Centralized development with known owners.
- Coin price probably won't appreciate significantly due to limited adoption and no major listings.
- Qortal is a public blockchain. Although this is a downside, I feel that there will always be a place for both public and private chains. Show Less