Note from Editors
A second generation #cryptocurrency platform, Qora is making a big comeback with new development team, features and enhancements. Teaming up with CCDEK to promote Qora till end of August 2015, CCDEK CEO Boesing said that their collaboration will be reviewed afterwards.
by Roger Aitken
Qora, a second-generation cryptocurrency platform, that all but disappeared from sight last year, is poised to make a comeback with what has been touted as a “stunning feature set” and initial promotional support of Crypto Coins Exchange DK Aps (‘CCEDK’), which is based in Denmark. But haven’t we been here before?
Having made a splash last year, Qora, a platform that promised an impressive set of 2.0 features as a social network, faltered and then crashed into obscurity. Launched on 16 May 2014, the new protocol had been designed to address and solve #bitcoin’s biggest problems whilst adding new features.
A press release from July 2014 disseminated by the organization proclaimed that: “Qora promises to be the best hope for the future of cryptocurrency” and the Qora Community was “poised to gain market share in the current slew of #altcoins [i.e.cryptocurrency] as a result of number of innovative features and fast-moving development processes.
The statement added: “While most other cryptocurrencies have been built on Bitcoin’s code, Qora was built from the ground up in Java, using native C libraries to perform the most CPU-intensive tasks.” It was noted too that whilst Bitcoin was popular, it has been “mirred in conceptual flaws” that cause its value to fluctuate wildly.
Now however with a new development team, new marketing and further additions to its protocol by implementing a Turing-Complete smart contracts mechanism and a databases management system – empowering the whole infrastructure – Qora provides users many more tools than ordinary #payments that a simple wallet can facilitate. “It could be the phoenix of crypto” according to Ronny Boesing, CEO of CCEDK. Well, that’s the hope anyway.
Founded in 2014, CCEDK is a platform upon which buyers and sellers meet and transact their #business directly with the new digital currency Bitcoin, Litecoin, etc., with the Danish exchange acting as intermediary between parties. Additionally they offer fiat-pegged cryptocurrencies like BitUSD and Nubits offering users leverage to reduce volatility risk in their trading activities.
Qora is touted as a ‘proof-of-stake’ coin that requires no miners – thereby aligning the interests of coin holders with those who secure the network. Some of the features include trading assets for assets and multi-dividend payments for asset holders.
Boesing explains: “Its development roadmap included an asset exchange for crypto-stocks; aliasing (a way to associate information with strings of characters, which enables all kinds of applications including decentralized DNS registration); decentralized voting; encrypted or plain-text arbitrary messages, and more.” Qora, which has been added to the Danish exchange’s range of currencies, will trade against BTC and three fiat currencies – US dollar, Euro and Chinese Renminbi.
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