UNDERSTANDING THE QREDO NETWORK

Qredo is the name of the company behind the Qredo Protocol — the Cross Chain Liquidity Protocol. The Qredo Network is a platform which enables the decentralized management of digital assets with institutional grade security. By utilizing a deep applied research expertise in cryptography and blockchain technologies, it solves varios challenges as it relates to capital markets entering the world of decentralized finance

THE QREDO PROTOCOL

This Qredo Protocol presents itself as a sophisticated technology stack and architecture. It is made up of the Qredo Vault, Watcher and the Qredo Blockchain

QREDO VAULT/ MULTI-PARTY COMPUTATION(MPC) CLUSTER:

A robust solution to the private key problem,

Generates, secures and provisions access to layer 1 assets. Holds the secrets that enable no private key to be ever generated.

WATCHER:

The Watcher provides trustless monitoring by polling for changes. It acts as a smart router between the MPC Clusters, Qredo Blockchain and Layer 1 Cryptocurrency nodes

QREDO BLOCKCHAIN:

it is an immutable ledger for asset ownership and transactions. purpose built system of mechanisms facilitate the swift, smooth and secure trading of digital assets cross-chain without wrapping

THE QREDO NETWORK

  • The Qredo Network is an instance of the Qredo Protocol empowering a live marketpace for members to trade in digital assets.
  • Currently running on Mainnet v1.0 & Testnet.
  • The Qredo Network is on a clear roadmap to full decentralization.
  • CENTRALIZED -> FEDERATED -> DAO

THE QREDO NETWORK HIGHLIGHTS

  1. No single point of failure

The Qredo Network is designed and architected to enable participants to remove any single point of failure. Decentralization is key to the Qredo ethos and Qredo is on a clear roadmap to becoming a fully decentralized, autonomous organization (DAO)

2. Robust and Secure

Security is built into every step of the Qredo development process. We don’t use smart contracts and we don’t wrap tokens. Pioneering technology means that your Layer 1 private keys are never generated

3. Layer 2 Network

Our Layer 2 network allows for greater flexibility and speed of transactions — as well as interoperability with Layer 1 networks. You can move assets at a fraction of the costs inherent to the Layer 1 network.

4. Put your assets to work

Qredo uses a single blockchain to record your ownership of digital assets on other blockchains. This means that you can send and receive any asset to or from any other Qredo member instantly and cheaply.

5. Transparency of total assets held

Designed with fail-safe solutions to liquidity meaning that you can always trade in the assets that are enabled. The integrity of the Qredo network enables you to verify at any time that your ownership of Layer 2 funds is directly equal to the Layer 1 funds backing them.The solvency of Qredo is transparent, verifiable and always visible

6. Extensive range of Custody rule combinations#

Custody rules can be tailored to fit the widest possible range of scenarios and combinations. This means that you can have granular custody over every transaction or withdrawal. It also ensure that access to funds can be enabled in case of death or injury

7. Ultra-fast settlement

The Qredo network utilizes Tendermint technology to enable both settlement and delivery of assets on the underlying blockchain in less than 1 second

SUPPORTED ASSESTS

The Qredo Network supports the following assets;

BTC, ETH, USDT, USDC

SUSHI, LINK, UNI, WBTC, SNX, DAI, COMP, AAVE, CEL, MKR, ONEINCH (1INCH)

Join the Qredo network and get institutional grade security, customisable custody and instant, low cost trading in digital assets. Qredo technology comes with excellence as standard.

If you haven’t done so already then go ahead and Join the Network; https://www.qredo.com/

Membership is open to everybody, it’s free to join, and you’ll be in good company.

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