Pretty solid project:QLC Chain: The World’s First Public Chain For Decentralized Network-As-A-Service
Developed open-source telecom infrastructure on Blockchain
QLC Chain, formerly famous as a “Qlink”, is a decentralized mobile network, focused on building an open-source telecom infrastructure on Blockchain. In fact, they rebranded themselves from Qlink to QLC Chain to deliver a clear message of the team’s intention to leverage advanced blockchain technology to the network industry, in a simpler, transparent and secure way.
The infrastructure is decentralized whereby users can deploy QLC Base Stations, which support LTE-U protocol, POW, and POS consensus algorithm. Thus, anyone can operate a small base station from their home that can provide cell service to the surrounding area.
Monetization of network resources
Moreover, QLC Chain has very recently — in mid-October 2018 — launched another of their innovative ideas TestNet, with which network users can monetize their own network resources.
Blockchain-based telecommunication solutions in automobile
QLC Chain has been making moves toward exploring domains for their technology to grow. It has signed a cooperation agreement with Cenntro Automotive Group with the aim to develop Internet of Vehicle (IoV) technologies by deploying Blockchain-based telecommunication solutions.
A fundamental part of the QLC blockchain is the staking system. Bind QLC tokens for a specific time and become rewarded with QGAS. Staking will start after the cross-chain protocol completed joining hands with NEO and the reward system will go live on June 7th. A step by step instruction on how to set up the mainnet wallet and the stake will come soon.
- The pool for voting nodes has a total circulation of 100 million, distributing through 33 years, which equals to 8,302 Q-Gas per day.
- The pool for miner nodes is an additional 3% of Q-Gas per year, which is 3 million, equals to 8,219 per day shared among miners.
- Q-Gas are burned from the network once consumed.
Staking calculation hodlers:
- Q-Gas earning = your staked QLC / total staked QLC x 8,302
- Miner nodes (1m QLC minimum) will share another 8,219 Q-Gas per day
Staking calculator can be found here:
https://qlcchain-qgas.com/Detailed staking guide and video tutorial can be found here:
https://www.reddit.com/r/QLCChain/comments/bxeqzq/resources_of_how_to_conduct_staking_continuous/You can currently stake either from:
- our Web wallet (
https://explorer.qlcchain.org/)
- our Desktop wallet (
https://github.com/qlcchain/sms-billing/releases/tag/v1.0.0)
