Disclaimer: this post is my personal meaning, I am writing this alone and I am speaking in my own name. This post is not part of a marketing — or coordinated campaign whatsoever . I believe QLC Chain and WinQ have what it takes to redraw the world of telecom and I feel it as a responsibility to give something back to the team and the community. This is why I created this post.

Technology of QLC Chain

QLC Chain is based on an alternative transaction processing and ledger record system that negates the necessity for mining as a transaction verification process. If you don’t need miners to verify transactions, you don’t have the energy concerns that have been hanging over bitcoin and others in the wake of the recent scaling debate.

QLC Chain is derived from Nano. Nano is build on an architecture that it called block lattice.

Block lattice is essentially a system through all individual users (or wallet holders, to be a bit more accurate) have their own blockchain, side by side. When one wallet wants to send to another, the sender wallet creates two blocks: one send block on their personal blockchain and one receive block on the recipient’s blockchain. When the receiving party comes online and their blockchain connects to the network, it pockets the transaction and the transaction is complete.

QLC Chain promises to deliver zero-fee transactions in real time without the same work-intensive overhead and energy consumption as Bitcoin.

How it works

Like IOTA, QLC Chain uses a directed acyclic graph algorithm, but instead of using DAG for the tangle, QLC Chain uses the Nano novel tech called the Block Lattice.

The Block Lattice infrastructure operates like blockchain but with a few key differences. To start, each account on the QLC Chain has its own blockchain called an account-chain. Only an account-chain’s user can modify his/her individual chain, and this allows each account-chain to be updated asynchronously of the rest of the block lattice network.

In effect, this means that users can send and update blocks on their account-chain without relying on the whole network. To achieve this, any funds sent on QLC Chain’s block lattice require two transactions: a sender transaction and a receiver transaction. In order for a transaction to be settled, the receiving party must sign a block confirming that the funds were received. If only the sending party’s block is signed, a transaction is pended as unsettled. All transactions are sent in User Datagram Protocol (UDP) packets, which keep computing costs low and allow senders to transfer funds even if a receiver is offline.

One of the block lattice’s more attractive features is how it’s ledger handles and stores transactions. Each transaction is its own block, and each new block replaces the one before it on its user’s account chain. In order to maintain a proper account history, new blocks take a record of the account holder’s current balance and factor it into the processing transaction.

To illustrate this, if you were sending QLC Chain tokens to someone, the transaction is verified by taking the difference between the send block and your current balance on the preceding block. On the other end of the transaction, the receive block would then add the amount to its account chain’s preceding block. The end result is a new block that records the updated balance of each user.

Under this system, QLC Chain keeps a record of an account’s balance on its ledger, not a full history of all transactions like traditional distributed ledgers. This means that the QLC Chain network only has to keep a record of each account on its full ledger. Instead of maintaining a record of all prior transactions, the network only stores account balances.

Benefits of QLC Chain compared to mainstream blockchain technology

Improved Latency

Thanks to account-chains, each account and its chain can be updated asynchronously of the entire network. By implementing a dual-transaction mechanism, it is up to both the receiver and sender of funds to verify a transaction. This eliminates the need for miners entirely and paves the way for instant and fee-less transactions.

Distributed agreements like Proof-of-Work or Proof-of-Stake are unnecessary, since the account owner has authoritative control over transactions. However a lightweight PoW is used to avoid users from spamming the network (cached) and a Shannon-enriched dPos consensus algorithm is used to secure the network.

Scalability Solutions

All transactions on the QLC Chain are handled independently from the network’s main chain. They also fit into a single UDP packet and are recorded in their own blocks. Effectively, this does away with block size issues, because nodes are not responsible for maintaining a comprehensive record of all network transactions. Instead, they need only store the individual account balances of each account-chain rather than their entire ledger.

With Bitcoin’s traditional distributed ledger, a transaction cannot be cleared until an entire block is built into the blockchain. These blocks act as comprehensive ledgers for the network’s financial information and include Bitcoin’s entire transaction history. As more information is stored, we’ve seen sluggish transaction times and high fees. Nano’s account-chains make for a lightweight infrastructure, and as a result, the block lattice offers improved scalability compared to legacy blockchains.

Energy Efficiency and Decentralization

QLC Chain keeps its network secure using a delegated proof of stake model (DPoS) similar to Ark/Lisk. If any discrepancies arise with conflicting transactions, Nano delegates vote on which transaction to verify as valid. The DPoS offers a number of benefits compared to Bitcoin’s proof of work mechanism.

For one, without miners, QLC Chain safeguards itself from mining attacks and the defacto centralization large mining pools have brought to Bitcoin’s network. QLC Chain delegates hold a stake of its currency, so they are deterred from abusing their power lest they compromise the entire network’s legitimacy and thus their own investment.

Further, because of the block lattice structure, delegates only need to verify transactions if a problem arises. As a result, running a node on the QLC Chain network consumes much less energy than if the nodes were operating under a proof of work model.

QLC as a NEP5 token on NEO

Today QLC exists as a NEP5 token on the NEO blockchain. It’s just a token — that’s all there is actually.

Circulating Supply: 240,000,000 QLC

With a Total Supply of 600,000,000 QLC

QLC is the token reserved for what was previous ‘Qlink’ — rebranded to QLC Chain in the spring of 2018.

The dApp WinQ is designed to provide decentralized WiFi and VPN sharing. QLC is the currency used.

To pay registration of WiFi / VPN (users-centralized wallet) To reward, on a voluntary base, providers of WiFi (users-users) To reward providers of VPN (users-users)

QLC is a token that is being traded on some popular exchanges (Binance-Kucoin) and a handful smaller exchanges.

The liquidity is still considered low, resulting in a highly price volatile coin.

QLC is NEP5 — that means sending and receiving the token is free of charge. However exchanges do ask a small percentage to withdraw it to your wallet, as a reward for their humble service :)

Drawbacks of QLC token and NEO blockchain applied to decentralised mobile networking ecosystems

The QLC token is fairly fast — however way too slow for mobile services. Transactions should be instant. Creating a wallet — and get it filled up with some stash to get you going shouldn’t take half a minute.

Wallets on NEO blockchain need some GAS to enable transfer functionalities. Sending out transactions doesn’t cost the user anything, but the fact that the GAS needs to be there isn’t hassle free.

System fees for smart contracts on NEO are expensive. The NEO blockchain is build to operate at low cost for the users and to place the costs within the providing (decentralized) system operator.

Since operating mobile networking services requires many different smart contracts — and is not just a handful of one-can-handle-all contracts, the costs to setup and keep the ecosystem running can accumulate fast. Eventually to be charged to users on invokement of the contract.

QLC Chain

This new public blockchain (block lattice network) aims to be the reference ecosystem for mobile networking services.

The definition of “everything that has to do with mobile networking services” can be considered as broad and shallow. However the idea sounds promising, could be anything — many use cases to think of.

Some benefits for QLC chain:

Fast, preferable instant Cheap to operate on (transactions) Scalable Reliable Auditable Light energy consuming Open Ready for cross-chain operation Seamlessly interact with (mobile) assets; physical and virtua

QLC Chain:Token

The QLC Chain (new public chain) needs a token.

The token will be used for:

Transfer value across accounts on the chain Be a proof of stake the holder has in the ecosystem Used in consensus algorithm (dPos part) Used to weigh the stake Be a token to reward bookkeeping Be a token for self-incentivised value creation System rewards people for populating the ecosystem keeping the entities clean (maintain) System rewards people for loyalty Token to be used as a currency to pay for usage of services User created and shared/maintained services Shared WiFi Shared VPN Shared bandwidth / data

…many other services to be added in the future

System hosted services (telco) dDNS (decentralized DNS) Bridge to telecom services (such as SMS)

The QLC Chain token needs a name

Just using QLC isn’t an option.

Using the name QLC holds many risks. The QLC token, derived from ‘Qlink’ as a name, is a token that exists on NEP5 NEO blockchain. The token is being traded on exchanges and people are holding this token for almost a year now.

The token on the new chain, QLC Chain, needs to have a different name so it can refer without any confusion — to the new chain and the new technology. Also this is very important when it ever comes to a point the token gets traded and used on mainnet situations.

Ideally the token refers to it’s usage. A value token for the decentralised mobile networking services ecosystem of the future.

In this document I call the token MINT as a workname. I just pick this name because I think it sounds good and it holds what it is:

Mobile Incentive Network Token

Unfortunately some MINT shitcoin already exists, whatever… don’t need to fix a problem before it really arrises, richt?

MINT

Mobile: focus on mobile (networks) — also it is in the nature of this token, thanks to block lattice, that the token is very ‘mobile’. Tokens on QLC Chain can live on the mobile devices and are also working in situations where sending or/and receiving parties are ‘offline’. Mobility in its purest form.

Incentive: The token has a value, and one of the most important activities that creates the value is incentivizing. Sharing, using, maintaining, bookkeeping…

Network: (mobile) network is focus. Also a lot of use cases build on the chain have to do with network and network connectivity.

Token: It’s a token.

Beware and once again… MINT token as a name does already exist in the crypto space. So if you like the idea, we’d have to stretch the creativity a bit further. (https://coinmarketcap.com/currencies/mintcoin)

QLC has a circulating supply of 240,000,000 QLC and a total supply of 600,000,000 QLC. It’s a premined token, meaning the entity is there and mining isn’t used as a mechanism to issue the token.

MINT on block lattice QLC Chain is also a pre-mined token. The token is minted on creation (premined) of the QLC Chain and needs to be distributed among as much as possible wallets in the ecosystem. These tokens are held in a so called ‘genesis-wallet’. This is a ‘superwallet’.

MINT Wallets

QLC Chain wallets can be generated infinite. Each wallet is a separate blockchain.

Wallets can be held by

As user (human)

A system

A smart contract

An asset

This is unique and has many benefits.

Options to tokenise (initial distribute) MINT to user wallets

This are options to tokenize the new chain — thus distribute tokens to the QLC Chain. Options can be combined, I believe the best way to tokenize the chain and generate value is by considering multiple options and combine those.

Once again: this options are food-for-thought, just coming from my brain and are suggested to spark the discussion only.

1OPTION1: Faucet by useful PoW: Populate and build the virtual network

The value of the ecosystem lays in the enrichment of assets. Let’s take WinQ as an example:

If we look at WinQ WiFi sharing functionality the value of the ecosystem lays in the presence of shared WiFi signals. The system is useless if you don’t have any WiFi signals to connect to.

QLC Chain could be built to reward people that share WiFi by design. Would airBNB or Uber be a success without a lot of shared rooms or without a tremendous amount cars that drive around to pick up people? I don’t think so.

Nano (raiblocks) got tokenized by using a faucet:

A faucet is a service that rewards tokens by doing some work (PoW). Users have to do a simple task that cannot (easily) be done by a computer (bot), and if you would want to do it by a bot it would cost far more energy to program than it delivers in tokens. This is to avoid people trying to fool the faucet. At Raiblocks (Nano) it came down to a simple captcha. Solving the captcha puzzle dropped a small amount of coins to your wallet.

Here is my proposal for this option:

Users can obtain MINT tokens by performing faucet-style work, but useful and valuable work for the ecosystem.

The tasks to be done should be a win for the ecosystem and a reward for the user. This is called self-incentivised ecosystem dynamics.

An example of a blockchain that has a similar tokenization is NKN, where users will be rewarded for relaying data over their network.

This faucet would be building the virtual WiFi shared network. In other words being rewarded for populating the ecosystem with virtual assets.

So a way to earn tokens on the QLC Chain would be installing a version of WinQ running on the QLC Chain register your own WiFi and go out on the street, registering WiFi access points. Each new registered WiFi point could be worth one token. By doing it this way, users build the decentral ecosystem (QLC Chain wins) and get rewarded for that (users win). Whatever angle you look at it, it’s always a win. How awesome is that?

An important risk to take into account is the avoidance of people fooling the system by mass-creating different WiFi shares — spoofing any underlying control mechanism (SSID — MAC address). That is why we should think about other ways to make sure the system detects generated attempts — or by adding a simple task that only can be done by humans and is never economic to automate. Recaptcha could be a solution.

In raiblocks-faucet time there were companies in Malaysia that pivoted from making T-shirts in a textile mass production plant to filling out captchas and earn RBX. And it payed off :)

Let’s hope squads will go out into the city and virtualize it on the QLC Chain.

Distribution of tokens through a Smart Contract:

It is extremely important to consider embedding all the business logics into a smart contract. Distributing the tokens should be transparant and never be within the decision of a central party that ‘owns’ the blockchain. Registering an asset — WiFi in this example — triggers a smart contract that rewards the user. The business rules can be designed so that the moment of reward is determined by a set of rules. For instance — only reward when a user successfully connects. Or split-reward… some at registration and some at first usage. These are just some examples to consider and also underline the power of Smart Contracts and transparent ecosystems like QLC Chain.

The same idea can be used for anything. VPN sharing for instance — but it could also be like relaying network traffic or sending an SMS to service the QLC Chain ecosystem.

2OPTION2: Reward maintaining the system. Cleansweep unused assets for example…

Another example of self-insentifization could be rewarding users when they detect and ‘tag’ malfunctioning assets. Today we know WiFi and VPN sharing — tomorrow it could be anything. Within the domain of WiFi sharing the system could reward users for cleansweeping the system.

3OPTION3: Rethink QLC (on NEO) as a value-trade token — not as a utility token

I know this may sound very disruptive — but I think QLC on NEO isn’t the best option to use as a currency within systems that demand (nearly) instant transactions. Considering NEO is super fast, still it’s simply too slow for instant telco transactions. Not even talking about ERC20 tokens such as Ethereum or BNB (oops). These tokens are a lot slower (without lightning layers) and way more expensive to use as a transaction token on public blockchain infrastructure.

Tokenswap

Therefore I would consider Tokenize QLC Chain tokenswap-style with QLC. This option can be considered next to other options, and works fine in addition to those

Basically it comes down to this:

Holder of QLC will be able to get MINT tokens (QLC Chain token) — hurah! I’d consider to avoid a tokenswap — meaning QLC disappears and tokens on the QLC Chain come instead. I think it’s not very convenient to do that for several reasons.

>NEO is a popular blockchain. Dropping this technology would mean a retrace in support from the community.

>QLC NEP5 tokens are traded on several exchanges. Taking that away could mean a real confusing situation and could cause even a total collaps of the QLC market. Do we want that? No!

To get tokens on QLC Chain the flow I would propose is this:

Users can lock their QLC into a NEO smart contract Locked tokens remain in locked state until the smart contract issues MINT tokens on QLC Chain. Users will from there on have tokens on both networks. QLC on NEO and MINT on QLC Chain. How cool is that?

The locking mechanism will lower the circulating supply and will higher the demand.

Following market economies there is a fair chance that the price for QLC will rise once people will start to lock their QLC

Additional rewards for people leaving the QLC tokens in the wallet — or in locked state. The reason why you should consider is because we want to avoid QLC from being dumped after MINT issued. I think it’s smart to limit the period pseudo-tokenswap is open. By doing this you create a sense of urgency. Also it’s obvious this can’t go on forever, as is the faucet.

Burn what’s left

Once the tokenswap is over — it’s over. It would be a good idea to consider burning the remaining MINT tokens through a smart contract. This will stabilize the value of MINT and leverage the price.

In the future QLC could be used as -the- currency to get ahold of MINT. Also it could be used as the currency for ICO on the QLC Chain and as the currency for creating Smart Contracts. Issuing an own token on the QLC Chain (multidimensional blockchain) could be payed with QLC, and with QLC only. This is similar as BNB (Binance coin) does with their own value token.

Doing this would also underline the fact that QLC isn’t a token dedicated to networking infrastructure (NaaS)

The practical details are not perfectly clear yet, this will be something to work on later. Most important takeaways are:

Tokens on QLC Chain can be ‘bought’ true a smart contract (cross-chain) Users that own QLC will get QLC Chain tokens — MINT Smart Contract to do the task needs to lock QLC to avoid double spend/reward on the pseudo-tokenswap. Also that will drive price up. Several market-technical measures can be build in to positively leverage the price of QLC — and same time trigger engagement.

4OPTION4: ICO with QLC

Meaning just selling MINT for QLC

5OPTION5: ICO with NEO

Meaning just selling MINT for NEO

This option would definitely give the QLC Chain team some oxygen. But it’s obvious that this option should only be considered if there is a lever for current QLC holders since it would be very unfair to leave those in the cold.

6OPTION6: ICO with QLC and BURN QLC used for ICO

Meaning the QLC (NEP5) circulating supply goes down and price goes up.

No gains for QLC Chain — apart from the rising QLC Chain tokenprize. Some extra could be done for holders that hold QLC for some time before the announcement.

I’m @coebar — hope you liked this post. Please give me your feedback, find me on Telgram or Reddit. And please keep in mind — this is my personal proposal! Give me feedback!